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Welcome to SaleHoo (New members Click Here)

Jimmy Huber · 2008-04-14T02:28:26+00:00

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 a lot to do with recent seller strikes. Changes to eBay's 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: Link hidden: Login to view Link hidden: Login to view Link hidden: Login to view Link hidden: Login to view Link hidden: Login to view Link hidden: Login to view 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 hidden: Login to view for more info on this. One of the best alternatives is Using First Data Merchant Services Link hidden: Login to view . 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. -------------------------------------------------------------------------------------------- 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.

sharonjohnson

Hello, I am new and I came here looking for roca wear baby clothing and shoes. I can't find it no where. The handbags are so high as well. I feel I wasted my money and should leave.

ium

Well,

After ALOT of studying, ALOT of reading, testing of other sites, planning, and expenses arising not even pertaining to the online market (hard drive crash, printer ink cartridge exploding--that one was weird) I am FINALLY here, albeit with very little sleep yet again lol.

I have gone everywhere, and like I said, I have searched, and educated myself alot (I still have A LONG way to go -- as does everyone who is new, or not so new... Education never stops, businesses grow from education!)

I was going to hold off with paying my fee until I was comfortable with the amount of information I had found out, but then I figured, the hell with it, I might as well pay the fee, see what the members only section of the website offers, and while I am testing the waters, why not sell one or two items on ebay, and possibly more through free options (can someone email me as to whether or not salehoo can be linked onto facebook-there is a site that does that and I really REALLY like that option!)

My view as of right now is to start in the drop-ship sector, because of the non-existent overhead, the variety of product available, and the fact that first off I need to build a rapor and some funds in order to buy major stock, I am just curious as to what other people think about drop-shipping. I have read about the good and the bad, and seen some "testimonials" in regards to drop-shipping, however, (I say this as a statement as well as proven advice to those new to the site as well) DON'T TRUST EVERYTHING YOU READ ON THE INTERNET!

worlds_most_wanted

hi all.. just joined today after 2 years lol..

i came across a salehoo advertisement a couple years back while googling wholesale suppliers but was hesitant to join as i thought it was 1 of those get me rich scams..

u know the 1's, "how to become rich selling e-books" that costs you $29, only to learn you paid that money to learn how to decieve someone else lol..

but yea after some random google searches again lastnite salehoo popped up again, and this time i looked up some reviews & read some forum posts on here that i found on google..

so here i am..

not sure what im looking for yet, i want a change of direction from clothing..

so i will happily browse forum threads & wholesale directorys & see if anything interests me in the coming months..

hope to make some nice contacts here, that goes for general friends who offer nice advice..

karma can be a good thing when your intentions are right..

thats all from me.. for now.. bye bye

-worlds most wanted-

richelle_salehoo1

Welcome to SaleHoo, Worlds_Most_Wanted! Nice to finally have you here with us.

Yes, good karma will be returned to you a hundred folds if you do good...I think :)

Reading through the forum is a good start, it is a great source of info and advice too! I'm sure you won't have a hard time getting help as we have a very active and helpful community here at SaleHoo.

If you need help with anything feel free to PM any of the staff members or email us st support@salehoo.com

See you around the forum :)

jnls4

So, I've finally taken the plunge and gotten a tax id and business license for my state. I have somewhat of an idea as to products I would like to sell. Now I am trying to determine if I should open an ebay store or just use ebay as I always have. Should a newbie open a store and pay the $15 a month or wait to see how things go?

emerales

hi all im aaron and im new to salehoo, im a joiner int the uk and i am just looking at making some extra cash. i have read all the posts and feel alot clearer about the way everything works, i was jus wondering if anyone could suggest any relialble liquidation or wholesale sites?? but i have to say i have not got alot of cash to be buying massive bulk im just looking to build my money then hopefully buy in more bulk. many thanks aaron

fudjj

So, I've finally taken the plunge and gotten a tax id and business license for my state. I have somewhat of an idea as to products I would like to sell. Now I am trying to determine if I should open an ebay store or just use ebay as I always have. Should a newbie open a store and pay the $15 a month or wait to see how things go?

Hi jnls4,

I think the decision about opening an eBay store should really be governed by the amount of stock you will be listing. Your tax id is now going to open up other supply avenues for you through wholesalers, but unless you are using that to increase your stock profile, then if you were happy with how you were using eBay before, I wouldn't think there would be a great deal of use upgrading.

Perhaps just increase you profile slowly, that will give you a good indication of if a store is a valid option for you or not.

: )

fudjj

hi all im aaron and im new to salehoo, im a joiner int the uk and i am just looking at making some extra cash. i have read all the posts and feel alot clearer about the way everything works, i was jus wondering if anyone could suggest any relialble liquidation or wholesale sites?? but i have to say i have not got alot of cash to be buying massive bulk im just looking to build my money then hopefully buy in more bulk. many thanks aaron

Hi aaron, and welcome to SaleHoo. Nice to you have you with us.

We have Topper International onboard here as an approved seller, they are a trusted liquidator. I would also throw in www.viatrading.com as another very well respected liquidator.

If I read your post correctly, you're in the UK. If so, you won't have much option to purchase liquidated stock. The two companies I have highlighted here are both US based, as is 99% of all liquidators.

I do know Via Trading ship internationally, I'm pretty sure that Topper do as well, but shipping to the UK may not be an option, especially if you're on a tight budget like many.

Drop Shipping may be an option for you, but let us know the types of products you are interested in and the support team will do their best to dig up some leads for you to get started.

Cheers

kwu

Hi Everyone!

I just recently started selling on eBay, and just happened to stumble across SaleHoo! I'm glad I joined! :)

fudjj

Hi kwu, we're glad you stumbled our way : )

richelle_salehoo1

Welcome to the site Kwu :)

Hope to see more from you on the forum, cheers!

alfredo

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.

fudjj

Hi Alfredo,

You're not alone there in not quite being sure what to try, it's an issue with almost everyone that is starting out in Drop Shipping without any firm ideas.

The common sense approach would be to sell something you know well, something that you have an interest in, as that always make marketing a product a lot easier. Unfortunately, not always possible to do that with the amount of Drop Shipping competition getting around, but it's an area that I would be looking at first.

It's always easier to highlight areas that you shouldn't be looking at, rather than areas that you should to be honest. For example it's easy for me to say not to worry about chasing Drop Shippers for the hottest selling items on eBay as the market is completely saturated and you would have no chance of competing with a Drop Shipping business model.

As I said, that's easy for me to highlight, what isn't so easy is highlighting what is a good option for you. You can check eBay Pulse for the top selling items, but again, that's going to be a seriously competitive market. My own personal opinion is that Drop Shipping best works for the more niche type products, and there is no easy answer as to what they are.

I've known people that have spent well over a year just on research alone, then more time on test marketing products before they were happy. Then again I know people that hit a rich vein of sales inside the first few weeks of trading.

I'm sure some of the support staff may well have some ideas for you to chase up : )

balljoja

Hi Jimmy! Do you have a wholesaler, liquidator, or manufacturer recommendation to go to for good wholesale prices? One where you can at least double the return on your money.

balljoja

erika-garnica

Hi Balljoja,

You've definitely come to the right place to find some excellent dropshippers and wholesalers with great prices and service.

I suggest, though, that you be careful about your expectations. It's almost impossible to obtain double what you've paid for ANY product online, unless you have unlimited funds with which to purchase huge bulk lots of products up front, and even then, it's difficult to obtain 100% profit.

Instead, I would recommend aiming for 10-35% profit among the products you're researching, at least to start. Believe it or not, that's a very healthy profit margin range to obtain, especially when you're first starting out.

Good luck to you! It's a wild ride!

nicole123

HI IM NEW HERE ANY ADVISE AS TO WHERE YOU CAN FIND AUTHENTIC MAC MAKEUP THANKS

erika-garnica

Hi Nicole123,

Welcome!

First of all, I would stick with U.S. suppliers if you're concerned about authenticity. Either that, or make sure that any supplier outside the U.S. has been thoroughly reviewed and vetted, such as the verified suppliers listed on Salehoo.

I'm not sure if you've already looked in the Salehoo directory for MAC makeup yet, but a few minutes ago, when I typed "mac makeup" into the search field on the main Salehoo directory page, a list of 7 suppliers came up:

Link hidden: Login to view

Three of the 7 suppliers don't have any reviews yet, but they've still been investigated and vetted by Salehoo.

The highest-rated supplier on the list is FragranceNet.com, and the second-highest is kcpwholesale.com. I visited both of their websites, and both of them have MAC makeup products listed.

I hope that helps!

aldira

Hi All

i was new member in here and i,m from Jakarta indonesia, it was fun to me learn all the thing from the experts in here, i,m starting my ebay business and got sales in this month, its make very happy and i really hungry of you all suggestion for what the best product which i can focus for selling on ebay ..

pls help for your best suggestion for the best dropshipper on electronics and coins

have a great day all

richelle_salehoo1

Welcome aldira :)

I'd like to be one of the first to congratulate you on your first sale - Good for you! While you explore a few electronics and coins dropshippers I suggest you also stick with the products (or type of products) you have been selling seeing that you are making sales.

Here are a few helpful posts on electronics and coins, please have a read:

Link hidden: Login to view

Also, maybe you'd like to read these recent blog and guide written by our resident eBay guru -

Link hidden: Login to view

Hope this helps :)

aldira

Hi Richelle and Satya

thanks for your warm information, hope i can built better ebay business with your valuable information

have a great day

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