SaleHoo

[redmocha]

Hi... I'm based in New Zealand and very new to SaleHoo. Therefore, I am hoping those gurus out there would be able to point me in the right direction . =)

I am looking for a liquidator or a wholesaler which is based in New Zealand. Preferably, liquidator. I have no particular product in mind yet.

Looking forward to receiving lots of comments and suggestions from you guys!

Cheers!

redmocha

[fudjj]

Doubt you will find a liquidator in NZ because your retail market is structured different to that of the US, with most overstocks and such being sold off in sale type situations.

Liquidated stock becoming available due to foreclosures and such is usually sold off at auction, so you can certainly keep an eye out for any local auction houses that deal with foreclosures.

If you do find your way to a liquidation auction, take a full wallet because you may just be able to cash in. I often frequent liquidation auctions in Aus, when they become available, and you can do really well if you are cashed up.

When you do settle on a product you want to focus on, you can also try approaching manufactures, wholesalers and retailers in the industry, and see if you can deal directly with them to source overstocks and such, but you may need a substantial budget to back you up.

As far as a wholesaler, you really need to know what you want to source before you can even start looking for a wholesaler, because you will need to find a wholesaler that services the industry that covers the product/s you want to sell.

One important factor to consider is if you are looking at selling through online sites such as ebay, wholesale price may not cut it as most prices on these types of sites are already set at wholesale value, and below.

Makes it hard to get a sale when people are selling the same products as you, and selling them at the price you are buying through wholesale.

[redmocha]

Thanks for the useful insight fudj. I was thinking to get liquidator or wholesale from NZ so that I don't have to deal with imports to avoid the high cost. But looks like things are not that simple.

Yup, I agree with you. Settle down on the products that I want to sell and find the most suitable supplier from that industry rather than looking for a wholesaler straight away.

Cheers fudj!

[fudjj]

Thanks for the useful insight fudj. I was thinking to get liquidator or wholesale from NZ so that I don't have to deal with imports to avoid the high cost. But looks like things are not that simple.

Yup, I agree with you. Settle down on the products that I want to sell and find the most suitable supplier from that industry rather than looking for a wholesaler straight away.

Cheers fudj!

Just stay tuned regarding the issues of not being able to access the US liquidation market because of the prohibitive costs. We are working on something behind the scenes right now that you may just find interesting, and we will be rolling it out here in the forum if we can get all the ducks lined up in a row.

If you are looking to get started on ebay, I always suggest going through the garage and unloading what you don't need anymore. It gives you some experience, and puts some cash in your pocket.

I know a lot of people start this way, but then I often hear people say that they are ready to step up to the next level, unfortunately most seem to think that the next level means you have to find a supplier for new products.

I'm a power seller, and I can tell you fist hand that I became a power seller by selling goods sourced from auction house sales, with the vast majority of the products being second hand.

Of course you don't just find second hand at auction sales, but sources like weekend markets, garage and yard sales, thrift shops, they are all excellent sources of products to make excellent margins on by selling on eaby.

I am yet to find a supplier that can sell me a product that I can make 300% margin on, but if I'm not confident of making at least 100% margin on a second hand item, then I seriously consider not buying it at all.



Plenty of avenues open to people wanting to make money on ebay, just keep an open mind and you'll do fine.