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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.

alphaomega08

Hi, GR:

I am very new (I started today). I am spanish speaker. You can count on me .

Tahnk you

loona350

hi all!!

I am new and I would like to know if it is an opportunity for me which lives in France?

I am afraid of having invested(surrounded) for nothing

augustincr

Hi, my name is carole

I would like to start selling on eBay. Do you have any idea where I can start from?

augustincr

Hi I am mary

Do we need to install the language pack to get access to chinese suppliers?

luckyphil14

hi all

I am new to this and would like to know of any successful dropshippers out there who can give me some tips on getting started, I am in good ol Australia

thanks for your help

Phil

harlem305

WHY IS IT THAT SALEHOO PROMOTE EBAY TO LURE YOU IN BUT ONCE YOU BECOME A MEMBER YOU FIND THAT EBAY IS THE WRONG WAY TO GO? PLEASE LET ME KNOW

albag999

Hi,

My name is Alex Peak and I am looking forward in hopefully trying to get some sales under my belt. Came across sale Hoo through much needed research on different wholesalers and dropshippers. I thought I would pay for the membership fee and see how it goes.

jimmy_huber

WHY IS IT THAT SALEHOO PROMOTE EBAY TO LURE YOU IN BUT ONCE YOU BECOME A MEMBER YOU FIND THAT EBAY IS THE WRONG WAY TO GO? PLEASE LET ME KNOW

I Myself do not say that you shouldnt use ebay. I think that a wiser choice would be to use as many selling venues as you can including other auction site.

Ebay is still a great company to use and there is still good profit to be made there. But ebay is not the only and last place you can go to make your money.

felipeduque

Hello,

This was a great article, i really ejoyed it because i tougth that when you buy from a wholesaler you can usually get 100% profit or higher, but when you said that you usually get from 10% to 15% i wanted to disappoint you but i think that you are rigth, the only way to get good profit is by accumulating the little profits that you get and re-invest that money to buy then liquidations and resell them.

What do you think about this?, do you think that trading business works like this?

Felipe Duque

jimmy_huber

Hello,
This was a great article, i really ejoyed it because i tougth that when you buy from a wholesaler you can usually get 100% profit or higher, but when you said that you usually get from 10% to 15% i wanted to disappoint you but i think that you are rigth, the only way to get good profit is by accumulating the little profits that you get and re-invest that money to buy then liquidations and resell them.
What do you think about this?, do you think that trading business works like this?
Felipe Duque

Well I am in the Liquidation Industry. Im actually a broker for many retailers. I started just like everyone else that comes in here did about 12 years ago. I learned over the years the best profits I have ever made has come from liquidations and service industry. Doing a service for Money. Wholesale has never been profitable unless your in a retail field. But so many are looking for just wholesalers. That was good 8 years ago but wholesale just does not cut it today,With places like ebay and the stiff online competition most prices a product will sell for is wholesale.

So the key to making money is to save your money and buy in bulk. Stop wasting money on a few items here and a few items there.

roni3d1

Hi,

My name is Roni and I'm hoping to learn alot and share what little info I'm beginning to learn about selling.

fudjj

Hi,
My name is Roni and I'm hoping to learn alot and share what little info I'm beginning to learn about selling.

Welcome to the forum Roni, any insight shared here is always welcome :)

duchess

Hi everyone. Im new to this site and I joined looking for dropshippers so I could start selling online with little to no investment and start making money to invest in my own stock.

Now the whole dropshipping idea is not looking that good to me.

My question is,' is there really any ways to make money online without having to use money to get it?'

jd35648

With little money to invest I would look into affiliate marketing.

It is similar to drop-shipping without the headaches. google affiliate marketing to find useful info on how to start. Clickbank.com is where

you can get started. e-bay has a new affiliate program Ive seen mentioned here in the forums. Dont know anything about it, but search past posts to find out more.

simteau

Hi there SaleHoo Community,

I'm new to this too and look forward to learning heaps from this site. I've a young family of two little girls under two and not a very high paying job. So my wife and I are keen to make this work as well, and as quickly as possible to help us not only get by, but build a better future for our girls.

Fantastic to be a part of this community!

Uili

fudjj

Welcome to the family Uili!

rclub

I just registered for this site and it took me only minutes to realise I have wasted my money.

This site isn't for serious business people, its a site of frustration, not elation. Its an amature site for amature people.

Total waste of money but you learn from your mistakes and fortunately this only cost me about

arttiem462h

Hi, My name is Art and I am new to this type business and Thought I would try drop shipping to start since I have very little Capital. I hope you can help answer a few questions for me. 1- Am I better of specializing in one type of product or should I take a shotgun approach? 2- I have been looking at different drop shippers (it's very confusing) and was wondering if anyone has had experience with Inet.com. They offer a complete Package of web site and auctions for a start up one time fee of $199.00 and then a yearly membership fee of $67.00. Are they any good? they seem to be to ggod to be true. Thanks, artiem462h

fudjj

I just registered for this site and it took me only minutes to realise I have wasted my money.

This site isn't for serious business people, its a site of frustration, not elation. Its an amature site for amature people.

Total waste of money but you learn from your mistakes and fortunately this only cost me about

sneaker-art

Thanks for all the advice!

Sneaker Art.

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