SaleHoo

[jimmy_salehoo]

Hi and Welcome to The Salehoo Community Forums.
My name Is Jimmy Huber. I am the Salehoo Community Manager.

I want to go over many things with new members and teach you a little about the marketplaces in which you are trying to get into.

We are going to go over many myths that many new sellers come here believing

Myth #1 Wholesale Is 50% or more Below Wholesale Pricing.
This is one of the biggest myths that many people believe. In reality. Wholesale is only 10% to 15% Below Retail Pricing. This can be much lower if your looking for wholesale electronics. So consider this when searching for a wholesaler.
Myth #2 Designer Goods are the best thing to sell on ebay.
Another myth that is widely exaggerated. In reality designer goods are the hardest product to acquire. If your lucky you can acquire authentic goods. But you will not sell them for massive profits like you may believe. Designer goods are very high risk especially for new sellers. 95% of suppliers online sell Very convincing Fakes. In many cases even the supplier has no idea they are fake.
Myth #3 The best Authentic goods come from china
Absolutely. Alot of these goods are made in china. However chineese manufacturers are not authorized to sell these goods. If a chineese supplier has enough material to make 300,000 pairs of shoes. And NIKE GLOBAL only orders 250,000 Pairs. These manufacturers make the remaining shoes and sell them on basically a black market. Small chineese sellers that will sell them to you. These are not officially licensed by NIKE and are considered Fakes. You can get into alot of trouble selling these shoes. This is the situation with all Designer manufacturers. They cannot curb this problem but they still have their goods made in chineese factories because the labor for them is unbelievably cheap.
Myth #4 Electronics is the best and most profitable field to get into on ebay
Absolutely not. Electronics are the worse possible items to sell. Yes they are popular sellers. But not the most profitable for the sellers. Most of your sellers that are titanium powersellers make money on sheer volume. Not per unit. Most sellers only make a few dollars profit on each item. There are dvd sellers that make more money then a electronics seller. And dvds are hardly profitable on ebay for a new seller.
Myth #5 Ebay is the best marketplace to sell my goods
This has quickly become untrue. Ebay is only a place to get rid of your stuff fast. But not without a loss of value on the item. Everything on ebay sells for below wholesale or way below wholesale. This has alot to do with recent seller strikes. Changes to ebays system that have made sellers and buyers leave in masses. And the fact that everyone buying on ebay expects to get everything for dirt cheap prices. And that many good products are flooded so bad on ebay the value of the item has died.

It is still a great place to sell if you do your research.
Other very popular sites are:
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Generally you can make more money on other sites then you can on ebay. Ebay still only gets 3% of the online shopping marketplace. Thats a big percentage to have but still you can do better then ebay. Dont let anyone make you think any different.
Myth #6 paypal is the best payment processing service for US sellers
Actually paypal is the largest but its far from the best. Paypal is geared more for buyers then sellers. Expect poor seller support. Never winning a dispute with a buyer and them letting every chargeback go through at your cost. Paypal also has the worst customer service department and many of their staff are trained to lie, and do anything they can to delay your requests. They are also the only company that has a proven track record of freezing your account and stealing your money. You can visit ** Link Removed: Only Available to Registered Members** for more info on this.

One of the best alternatives is Using First Data Merchant Services ** Link Removed: Only Available to Registered Members**. It takes about 24 hours to setup. And you can use your own bank account. You can accept credit cards, fight charge backs yourself.And basically manage every financial aspect of your business without worrying about a frozen account or the high fees paypal charges.

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Well that ends the most common myths of selling online. We just wanted to educate you a little before your quest begins.

We recommend that many of you consider buying in bulk. Yes it costs some money. And we know that many of you have little startup money. But we would suggest you save up your money and buy in bulk then try to jump into something now and loose that money on products that offer no big potential but high risk.

Buying in bulk and buying into liquidations is the most profitable area you can get into online. Dont fall for the dropshipping schemes you will find all over the internet. Most of them just arent worth it. Some make money on dropshipping but the majority end up loosing a huge amount of money.

Liquidations is a 480 BILLION DOLLAR A YEAR INDUSTRY. Many people make a good living buying liquidated merchandise and reselling it. Alot are millionares after doing this for several years, being smart and making proper business decisions. This is exactly how I started myself and now I run a company that buys and sells truckloads of liquidated merchandise.

I would recommend you review and read all of the stickies and Announcements on the forums as they will teach you alot.

So once again we welcome you to salehoo and we cannot stress enough. If you have a question. We are a community of sellers. We are not just here to help ourselves and we are here to help others. We are a family here and we will do what we can to help each other. You will find out that the forums alone are worth the price you paid for membership. So dont be afraid to ask us for help with any situation that may arise. :D

[choquette2007]

I am new to salehoo and have read your above posting and completley agree with the money being in liquidation and wholesale. I however was hoping that because I literally have no money to save up, that maybe I could start out by dropshipping and when I reach a certain point I could take that money and invest it in either of the above. My problem being I have already opened an ebay store was selling the odd thing from home, making no profit, and now cannot figure out for the life of me what to dropship. It doesn't need to be a huge profit maker but something that sells so that over time my feedback and profits grow enough to reinvest. If anybody could mention or narrow down the market alittle that would be great. Even a few ideas. Does dollar store stuff work? Should I stick just with the US even though I reside in Canada because of customs ect.. I would so appreciate any advice. I am racking my brain trying to figure out what to list.Thank you.

[Rosa Velez]

THANK YOU FOR THE ADVICE.
I WAS DEBATING IN LIQUIDATIONS.

RESPECTABLE LIQUIDATIONS WEBSITES YOU RECOMMEND?

ROSA

[Rosa Velez]

WOULD LIKE ANY FEEDBACK ON LIQUIDATIONS.COM
HAS ANYBODY BOUGHT FROM THEM?
LET ME KNOW YOUR EXPERIENCE.

[dylannizzyseshop]

I have ordered products from there. the shipping is pretty good and the transactions went very well. I am very satisfied with them.

[fm1234]

posted by choquette2007:

I am new to salehoo and have read your above posting and completley agree with the money being in liquidation and wholesale. I however was hoping that because I literally have no money to save up, that maybe I could start out by dropshipping and when I reach a certain point I could take that money and invest it in either of the above. My problem being I have already opened an ebay store was selling the odd thing from home, making no profit, and now cannot figure out for the life of me what to dropship.

I personally believe that anyone willing and able to make a sincere effort on a dropshipping deal will come out better doing affiliate marketing. It's the same basic work, but you can find a better range of products, no problem finding the hot items, little upfront costs -- certainly less than a ton of eBay listings + a dropship membership -- and similar profit margins.

Using resources like eBay Pulse, Google Trends, Amazon's bestseller lists etc. it's easy to find what people are buying out there. Your task is to find the products at the best price from a reputable retailer who offers a decent affiliate commission, and market that from your own site.

This is hardly any different from dropshipping as far as the strategies and expense are concerned, yet it's far easier to find suitable products and services to market since you're not dealing with one or two suppliers but substantially all of them, and you're not limited to eBay and other auction sites as a selling venue, where you're racking up constant fees competing with other people selling the exact same stuff from the exact same supplier.


Frank

[bosam10]

Hi
i am looking for a wholeseller/ sellers of good quality ladies hand bags
can anyone help?
Thanks

[krishna3185]

Hi Forum Members,
This is Krishna from Bangalore City, INDIA. I just got registered Today at SaleHoo & I am looking at all the Email;s in the Forum, I need Total Help from You all Guys as well as from Jimmy since I am a Complete Newbie in Ebay busineess,

Looking Forward to Your positive response & Encoragement from You all Guys,

Thanks & Regards,
Krishna PR

[dannz]

Hey Guys,

My name is Daniel, I'm new and reside in Australia. I'm asking a fellow ozy to write back with an answer to my question: Where can I find a reputable liquidator in Aus with similar credentials as macy's liquidators? (everything seems to be in the U.S)

Also I'm thinking of drop-shipping, can anyone give me a good referral or tell me how legaly to use a U.S dropshipper? For example; Do I need a U.S Tax id, U.S Incorporation? etc...

Thanks Heaps.
Daniel.

[userexists]

Hi Daniel. If you can find a reputable liquidator in Australia you will be doing a lot better than I have over the past two years. You won't find Aus liquidators on the net. You may be able to find a liquidator by actually ringing retailer headquarters and asking for the asset disposal manager or similar. However, you will need good start-up capital in order for these people to even take your call. They won't sell you a couple of grand's worth of stuff. It's a lot harder in Australia because the competition is not so fierce as it is in the USA. Most retailers' overstocks will first go to outlet stores and what doesn't sell there generally goes to large market sellers. It's a hard slog to get started in liquidation in Australia - but not impossible if you are thorough in your research and determined in your endeavours. Just keep at it if you come up against a brick wall. Persistence will pay in the end. Good luck

[Rankz]

Hi my name is Ian. im currently a student studying in the uk and i will ideally like to start making money on the side whilst i study. i havent got tons of money to invest....any ideas whats type of products are good to start selling??

[maitulpatel]

I'm looking for 8Gb or 16gb iphone and also someone who accepts payapal? Can anyone help me with that?

[bayericlowe]

I would just like to add to your great, excellent information Jimmy. If you can't possibly get an account with FirstData.com yet, Google Checkout is an excellent payment alternative also.

Its 100% fraud FREE as well, so yes if avoidable get away from Paypal when it is the best time to do so.

In addition to craigslist, ETSY.com and Bidville, the new source for online trade iOffer.com is an excellent bet for first time sellers. If you can post your own classified ads and news classifieds, that's even better.

Selling any type of designer inspired goods, high end items, or other brands you should definitely post them directly through newspaper ads or classifieds. Selling them at the above places is swift and easy.

Selling them at eBay or on someone's merchant account is 100% NOT recommended and will nearly always get your account killjoyed in action.

Remember, your best source for everything is your store. Just stock your store with hot selling items, and drive the traffic to it yourself. Then collect all the sales and take care of them whether by Google Checkout or FirstData Payment solutions or otherwise.

[GR]

HI MY FRIENDS OF SALEHOO COMMUNITY. IM NEW, AND IM LOOKING FOR MEMBER OF MEXICO OR LATIN AMERICA WHO CAN HELP ME IN SPANISH. TANKS A LOT.

[chippy_ken]

Hi. There's so much to take in on your site, but it's all good stuff. Could you please help me to find a reliable liquidator for the UK market.
Thanks

Ken