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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.

richelle_salehoo1

You're welcome aldira! We're both glad to be of help :)

Just don't hesitate to contact us should you need assistance with anything else.

All the best!

fudjj

Hi aldria, welcome aboard the good ship SaleHoo : )

aldira

thanks marc for warm welcome, it make me more confidence to start make money online with all your support

have a great day

tatabug

Hi, I want to know how to I begin to sell? Do I have to contact the suppliers personally or can I just find a product and start selling it or what? Do I email these suppliers to get legal selling rights.

richelle_salehoo1

Hi, I want to know how to I begin to sell? Do I have to contact the suppliers personally or can I just find a product and start selling it or what? Do I email these suppliers to get legal selling rights.

Hi tatabug,

Yes, you have to get in touch with the supplier not necessarily to get reselling rights. Rather to order the products that you want to sell through your store or auction accounts. Because of you list products for sale you must be sure you have stock or your supplier has stock so once your customer decides to buy then you actually have a product to ship to him.

What particular products do you want to sell? Are you planning to source your products from a dropshipper/wholesaler/liquidator?

Please let us know so we can help you accordingly.

Talk to you soon :)

irene_salehoo

Hi, I want to know how to I begin to sell? Do I have to contact the suppliers personally or can I just find a product and start selling it or what? Do I email these suppliers to get legal selling rights.

The main thing you need to get started is some time to spend doing supplier and product research. This is really important, as the decisions on what to sell and the best suppliers to use take a bit of research and comparison.

It's helpful if you have at least $100 to spend on your wholesale lot. If you don't, I recommend selling stuff from around the house to raise the money. You may also download the New User Manual Link hidden: Login to view (it is located at the bottom of the page). It covers everything you need to get started. :) This 19-page guide lays out how to find and order from a supplier step-by-step. It is an essential reading for newbies and seasoned retailers alike.

The guide covers:

* Getting ready to use suppliers. What will suppliers want from you? How to get prepared.

* How to find and use a supplier in SaleHooâ€™s directory

* How to contact a supplier and what to ask

* What are wholesale prices?

* How to get the best wholesale price from a supplier

* Placing your order

* Frequently asked questions

If there is anything else we can do to help, just send us a message. Welcome to SaleHoo!

landen_michael77

Hello,

I am new to salehoo. I have an established power seller on ebay. I am wanting to start building my income more and more over the winter. My questions is does anyone have any suggestions on where I should start. I would like to purchase some less expensive items, and build upon that and work my way into more pricey items. Slowly I would like to build my buying and selling potenial. Any suggestions on merchandise, and suppliers would be very helpful. Or where this question will be best posted. Thank you in advance.

Mike

dameferb

Hello

Im exctied with all salehoo has to offer. I have so many questions and Im very new. Right now Im selling things around the house to know a little about selling things on ebay. Havent sold any thing yet but Im working on it. I want to make sure to develop a sucesssfull business. So Im taking my time for now and just trying to learn as much as possible. Working on the business plan too. Happy to be a member. THX

richelle_salehoo1

Hello
Im exctied with all salehoo has to offer. I have so many questions and Im very new. Right now Im selling things around the house to know a little about selling things on ebay. Havent sold any thing yet but Im working on it. I want to make sure to develop a sucesssfull business. So Im taking my time for now and just trying to learn as much as possible. Working on the business plan too. Happy to be a member. THX

Welcome dameferd - nice to have you with us :)

You're on the right track! Selling (unused/old) stuff from one's own house is a great way to get the feel at what it is to sell online. Plus it gives you the chance to explore your market without too much out of pocket and generate feedback as well.

Please feel free to read all you can on the forum, our guides in the education section and don't forget our blogs too!

I also recommend keeping in touch with us on Facebook and Twitter for daily wholesale and eBay selling tips:

Link hidden: Login to view

If you have any questions/concerns please feel free to contact us at support@salehoo.com

Hope to see more of you on the forum and hopefully with profile pic the next time ~ Cheers!

modularman

I am really discouraged. I have worked for 2 weeks trying to find suitable dropshippers at a good price. I can not purchase 100 to 1000 pieces or a truckload of things either. I have been in the large ticket retail field for 35 years and I know I am capable to sell retail items on my own websites and on some of the online auctions and stores. I don't seem to find too much in the United States either. Everything I searched for is either not here or it might be here and I could buy it cheaper on ebay anyway. Also I sent messages to about 6 different suppliers and heard nothing back. I hope it get better than this. Someone said I would be better off doing Affliate marketing but to me that is very confusing. Good luck.

richelle_salehoo1

I am really discouraged. I have worked for 2 weeks trying to find suitable dropshippers at a good price. I can not purchase 100 to 1000 pieces or a truckload of things either. I have been in the large ticket retail field for 35 years and I know I am capable to sell retail items on my own websites and on some of the online auctions and stores. I don't seem to find too much in the United States either. Everything I searched for is either not here or it might be here and I could buy it cheaper on ebay anyway. Also I sent messages to about 6 different suppliers and heard nothing back. I hope it get better than this. Someone said I would be better off doing Affliate marketing but to me that is very confusing. Good luck.

Welcome to the forum Modularman,

Sorry to hear that you are having a hard time locating suitable dropshippers. May I ask what products you are interested? We can try to help you locate suitable suppliers.

We also have a number of wholesalers that offer their products at wholesale even if you decide to buy 1 item at a time. If you have at least $250 to spare we also have liquidators with great starter packs although it will depend greatly on the available stocks as well as the type of products you want to sell.

You have to remember that eBay has become more of a wholesale platform than retail. Plus it has become an extremely competitive marketplace so it's not uncommon to find products selling at prices the same as or lower than wholesaler. Lots of wholesalers sell on eBay directly to the public! Unfair yes, but its the reality.

What can you do about it?

* Order in bulk quantities to drive the wholesale price down

* Sell on another auction site other than eBay â€“ there are heaps to choose from and profit margins are usually better. Craigslist is also a good place to sell if you live in the USA. (Let us know if you need more suggestions for places to sell online)

* Buy liquidation â€“ this lets you get product for pennies on the dollar. (Iâ€™ll let you in on a secret, this is how lots of powersellers make money on eBay these days)

* Find a niche market with few competitors â€“ collectibles and one-off items have amazing profit margins, even on eBay.

These days, you have to be pretty savvy to survive on eBay, so I hope weâ€™ve given you some ideas.

Sing out if you have any other concerns - Cheers :)

modularman

Thanks for responding Richelle. Its not that I have any problem with Salehoo because I thinks it s a great place and has a lot of support. You certainly make me feel like you want us to succeed. I have been looking for camping products, small kitchen appliances, hobby items like electric trains sets and remote control items like cars, trucks,boats or planes, really nice handbags and any kind of radio product especially Fire and police scanners and shortwave. Im open to almost any idea that will make me some money. If you have any suggestions where to look or any input at all, it would be appreciated. Thanks

irene_salehoo

Hi Modularman,

Let me start with camping products. :) These suppliers offer a wide range of camping supplies:

Link hidden: Login to view

Let me know if you need help getting in touch with them.

All the best! :)

modularman

One of the links was somewhat helpful, however I sent emails 2 times now to about 7 other suppliers and have heard nothing in response. I also had contact with another a couple of times but he seems very reluctant to give me pricing on his products. I have to admit that I am considering asking for a refund because I am getting nothing out of this at the present time. I will try a little bit more but I don't have much hope of things getting much better.

Jim Visser

irene_salehoo

One of the links was somewhat helpful, however I sent emails 2 times now to about 7 other suppliers and have heard nothing in response. I also had contact with another a couple of times but he seems very reluctant to give me pricing on his products. I have to admit that I am considering asking for a refund because I am getting nothing out of this at the present time. I will try a little bit more but I don't have much hope of things getting much better.
Jim Visser

Hi Jim,

We'll be more than willing to help you get in touch with these suppliers. Can you tell us which suppliers you are keen on using and we'll try to help get hold of them? The only reason I would think for supplier to become hesitant in giving out their wholesale pricing is if they assume that you're a competitor. Let me know who you need to establish contact with and we'll see what we can do. :)

Talk again soon. Kind regards..

ronsne

Hi, my name is Ronny from Norway.

I became a member yesterday and I am very pleased to become part of this great community.

richelle_salehoo1

We are also quite pleased to have you with us Ronny :)

We seem to have a growing number of members from Norway in our community. It's really nice to see more signing up.

If there is anything you need help with please don't hesitate to let us know. You can email us at support@salehoo.com or simply post it here on the forum - whichever is more convenient for you!

Cheers

alex_fcb

Hello everyone! I am relatively new to Salehoo, I am from Monterrey, Mexico and I'm looking forward to become an experienced online retailer. I am starting with salehoo's advice from first timers and selling unwanted stuff from my home. It's going slow but I am not in hurry, I am looking this more as a learning experience before a upgrade in the online selling business

I've been looking for products to sell and I am interested in dropshipping fitness items from Texas into Mexico, I've already contacted a supplier but in order to open a dropshipping account with them they're asking me for Sales Tax # and a Federal ID# (EIN), do I need these things even if am not living in the US? Any help would be greatly aprreciated!

Cheers,

Alex

richelle_salehoo1

Welcome Alex,

Great to have you with us!

There are also a number of suppliers that won't ask you for a sales tax and federal ID but having one (or the equivalent in your country) will give you more suppliers to choose from.

Cheers!

saglam

Hi everybody !

My name is Yener Saglam and I'm from Turkey

I became a member yesterday and I'm very pleased to become part of this great community

Salehoo is very helpful !

Best Regards..

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