How do I start sourcing products to sell?

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zairf93
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Joined: 24 Jul 09
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24 Jul 09 09:05:03 pm
I am new to salehoo and I just wanted to know how I can get started buying. Is wholesale or liqudation better? Also, I am looking for coleman stoves or levis jeans.

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fudjj
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24 Jul 09 09:12:36 pm
Hi Zarif93, and welcome to the site.

If you have already checked the directories for the required products then you can contact Link hidden: Login to view with some specifics and the WONDERFUL staff there will do their best to assist you.

Regarding liquidated products, I deal in that market myself so feel free to PM me with any specific questions you have and I'll be happy to fill in some gaps for you.

Cheers


Mark (fudjj)

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zairf93
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24 Jul 09 09:19:13 pm
thank you
do you know where I can find coleman stoves or levis jeans

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fudjj
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24 Jul 09 09:23:08 pm
As above, if you have exhausted the supplier directories for the products, contact Link hidden: Login to view for further assistance, they will do their best to see what can be found for you.

Cheers


Mark (fudjj)

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zairf93
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24 Jul 09 09:26:54 pm
ok thank you for you help

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zairf93
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24 Jul 09 09:46:27 pm
I really want to start my own business but I have no clue what to sell.
any ideas?

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fudjj
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24 Jul 09 10:29:06 pm
It's a popular question among new members, but to be honest it really depends on so much, where you are selling, how you are selling, your budget, what the market is like and so on.

It pretty much comes down to research to get some solid ideas.

If you are just starting out we always suggest you have a clean up around the house and see what you can turn up to sell, If you are selling on ebay that is of course.

It not only gets you feedback to get you started, but it will give you a little selling experience as well, and cost you very little in actual cash. It may also give you some leads on other items to sell.

For example, if you find one of your items attracts a lot of bidders then it would be well worth taking a look at that product to source and so on.

Think about your hobbies, and talents that you could exploit, that type of thing. Sometimes ideas come from the strangest places.


Mark (fudjj)

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zairf93
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24 Jul 09 10:33:13 pm
I've sold my coleman stove and my used levis jeans I might want to sell those type of things but I don't know where to get them or how much they are.

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fudjj
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24 Jul 09 10:46:44 pm
When you send the request to the support team give them your location so they can see if anything is close.


Mark (fudjj)

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zairf93
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24 Jul 09 10:55:01 pm
should I buy a large quantity to get a better price or should I just buy a little bit to try it out

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fudjj
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24 Jul 09 11:15:48 pm
That's where budget, space and all that other criteria I mentioned in the other thread comes into play.

Buying in volume will always get you a much better price than drop shipping, but drop shipping is low risk, where as buying in volume is high risk, especially if you don't know the market.

Of course if you are trying to reduce risk, then reduce the investment to do some test marketing. What you have to remember is that the data you collect may well be misleading if you try to build a business model around it.

Of course buying a couple of items to test the market with will cost you more per item than the real wholesale value, so if you put them on auction at your cost price to cover you bum and got no sales, it wouldn't be safe to assume it's a bad choice of product based on that result alone, because a wholesale price would reduce the unit cost and may put it into a price range where it would sell!

I hope that made sense lol. If you can, find the product you want to sell, check your market place to see what the competition is like, check their products, their sell through rates, etc.

From there if all is good you finally need to make sure you can compete on price, that will give you a more accurate picture of the market potential and cost you no money.


Mark (fudjj)

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zairf93
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24 Jul 09 11:23:14 pm
lets say I find a wholesaler who sells levis jeans but what if the price is good but the shipping eliminates the money I earn on it

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fudjj
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24 Jul 09 11:50:19 pm
Business is about the bottom line and all costs have to be factored in, not just the product cost itself. If other associated costs make it un-viable, then it would be financial suicide to proceed with the investment.


Mark (fudjj)

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zairf93
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24 Jul 09 11:52:28 pm
lastly do you have any reliable wholesalers or liquidators that sell levis??

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fudjj
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24 Jul 09 11:55:33 pm
I'm not aware of any personally, but the support staff may well have some ideas for you.

BTW, as there are two threads currently running on pretty much the same subject at the moment, I'm noticing the same questions starting to show in both, so I'll leave this thread open for reference and close the other to keep it all tidy.

Cheers.


Mark (fudjj)

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raiderjake
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28 Aug 09 05:59:30 pm
via trading has mixed customer returns pallets of jeans that include levis but i dont know of any strictly levis

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esaleconsignment
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11 Oct 09 06:53:38 am
an excellent sourcing tool is buy bidding on and winning storage unit auctions in your local area. Read about them below
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