SaleHoo Dropship & Wholesale Directory

[productsplus1976]

I see many new messages every day with new members looking for the best wholesale deals and what companies to get them from.

Most of you dont even think to imagine that your best wholesale deals come from the same place your wanting to sell on.

==============WWW.EBAY.COM=================

You can buy every wholesale list and guide on the internet but you will find the best deals right on Ebay.

Just click the BUY tab and Search for any product line your interested in and Add the Word or words: "LOTS" or "WHOLESALE LOTS"

The same online wholesalers are selling the same items on EBAY for generally less then they sell them on thier own websites because of a much faster turnover rate for thier Overstock,Closeouts, and Liquidation Products.
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First thing first research your products. Dont get screwed out of your investment by making a big mistake on your product line..
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My advise to you on one big thing. Stay away from top brand name electronics products or you will get washed away. Statistics show that 75% of new Ebayers try to sell heavy items like Digital Cameras. Computer Parts that are high in demand. And the very same statistics show that 90 % of those new ebayers give up in the first year because they Lost way too much money trying to sell the products and got eaten alive by the hidden end of item charges that ebay stamps on you for high dollar items. The average Ebay noobie will try to find a product from a dropshipper or supplier that can supply the product for lets say 20 bucks lower then the average selling price on ebay. They spend about 5 bucks to list the add and more if it doesnt sell the first time. Lets say the item in question is a laptop PC. The seller can get it for $1,650 from a dropshipper. The average selling price on ebay is. $1,700 .. The new seller goes ahah I can make money on this, 50 bucks is a good profit. They then list the item and well it sells for $1,700. The seller would quickly assume hey I made 50 bucks. Well a month later they recieve thier ebay invoice and it has a fee of $69 dollars for the closing value fee and then paypal hits you with a $30 dollar processing fee for processing the credit card transaction.

Well it looks like the seller is in trouble. He didnt make any profit at all but he sure lost alot of money. On top of that before he actually realizes his Mistake hes already sold 30 Items of High value thinking he made $1500 bucks only to find out he owes ebay and paypal $2970 And when he cant pay his account gets closed and he looses his interest in ebay and sticks to his 9-5 job.

If your new to ebay stay away from high dollar items untill you can buy the items at rock bottom prices.

Start small and buy your wholesale directly from ebay.

[salehoo]

Very good post productsplus1976!

In addition this is another way we suggest you look into this area: eBay Arbitrage - ‘Buy Low, Sell High’

Arbitrage means buying commodities low in one market, and then rapidly selling them again for a higher price in another market. Arbitrageurs take advantage of differences in price and demand in different markets to make money.

On eBay, arbitrage involves buying hot items at lower than usual prices and then selling them for a profit - either on other auction sites or offline.

Generally, the most successful Arbitrageurs make money by buying and selling in specialized areas – areas they know something about. For instance, someone who is passionate about buying and selling cars will likely know other car enthusiasts. Thus, if they manage to buy a mint condition vintage car part at a bargain price, then it’s highly likely they’ll know exactly who would be interested in buying it off them. The key to successful arbitrage is being able to turn your items over quickly.

While it’s not essential to be a specialist, you do need to know your market. Some arbitrageurs do very well simply by buying items that are selling for low prices just because they are not reaching the right audience. By re-marketing the item, they can attract a more interested audience and profit accordingly.

Think of vintage posters for instance. While there are collectors of vintage posters, there aren’t that many of them. However, there is a much larger market looking for home furnishings and art. So many people want to find something a bit ‘different’ and interesting to hang on their wall. Targeting this audience might be much more lucrative.

Hope this helps and gives some ideas (we have video lessons coming soon on this so please stay tuned!)

[Centercorp]

Excellent post! It goes to show that in this business the importance of R&D (Research and Development) cannot be stressed enough! Always remember to calculate everything, from beginning to end!


-Benjamin

[Centercorp]

P.S. I vote this to be a sticky, its great advice and I'd hate to see it get "lost in the sauce".




-Benjamin

[shane]

Great stuff everybody.

[Nando]

Great post but the problem is that when you buy wholesale lots on ebay, there are a lot of interested people and a lot of bids. So you almost end up paying the same amount as at a whoelsaler.

The best way to buy at really good prices is at ** Link Removed: Only Available to Registered Members** they have great lots of ipods and laptops.
They have a lot of returned items form Best Buy some are in good condition and with retail box. They have auctions where you end up paying between $30-$50 each ipod. So you can still sell them on ebay for $30 more. Imagine if you have a quantity of 40 items to sell that's a lot of money you can make.

[jimmy_salehoo]

Well just as on ebay I have seen lots on liquidation.com go way above its value on ebay. But it seems everyone always goes back to ipods lol . I have never seen ipods go that low on liquidation.com but I have seen them go at a price where you stand to profit $30-$40 bucks on them.

[calikas]

im new here,not sure what i want to sell yet.still feeling this sight out.

[mana2006]

sounds like pretty solid advice to me. I also like buying cheap items to start and barely making a profit or even losing a small amount of money to get ebay ratings. Ratings in the long run will help with other items.

[smadau]

I see no mention on doing Drop Shipping. I don't want to be overloaded with ideas. Just want to get my footing and start off as a part timer.

[Club2007]

Thank you for posting this. Very useful. (You know what I mean)

[lifelucrative]

I don't have my own website, but I am very interested in selling online. Does anyone have any suggestions for newbies like myself? Ultimately, I want my online income to replace my job income. For instance, should I get my own site or sell on eBay? Any suggestions for good places to get a website?

Your input is greatly appreciated.

[wtejr66]

Lifelucrative,

You need to spend time in researching what niches would be profitable for you. Selling on eBay and selling with your own site can both be profitable. I have chosen to sell with my own site due to the fact that you just have more control over what you can list and how you can market your product. My own opinion would be to look into Yahoo Stores. I have been very pleased with my business relationship with them and their customer service is great. Feel free to email me directly with any questions you may have.

[mvm]

I don't have my own website, but I am very interested in selling online. Does anyone have any suggestions for newbies like myself? Ultimately, I want my online income to replace my job income. For instance, should I get my own site or sell on eBay? Any suggestions for good places to get a website?

Your input is greatly appreciated.

starting out on ebay is a good idea when starting a business for many reasons...
1. Learn about marketing items - price, desc, pictures etc. These are all impt when rolling out your own website
2. Dealing with customers - customer service is crucial to a business, and you meet all kinds on ebay :)
3. Learn how to best package an item
4. Learn how to best ship an item - USPS, UPS, FEDEX etc - use insurance? tracking? etc
4. Learn how to accept payments - Paypal rules can take a long time to get down pat
5. CONFIDENCE in your product and your business skills

Once you have mastered the art of "EBAY", creating your own website would be a fantastic idea.
EBAY is a great way to market your website (FREEEEEEEE).
Simply add a link to your about me page in each and every ebay ad.
Then, on your about me page, be sure to entice people to visit your website. Make the link clear and appealing. There you go, Free advertising for your website, and those who click on your link are already interested in your product and your company!!!

Good luck, dont give up and always take it slow.

Tiffany

[Aztec]

Hi I have just joined Salehoo, and read your post as a newbie I am enquiring to the cost of using paypal you state that thay charge $30 for a transaction, is that dependant on the cost of the item?