New Member Trying to Get Started

Full Member
jnls4
Posts: 33
Joined: 17 Feb 10
Karma: 
18 Feb 10 08:17:47 pm
Hello everyone! My name is Jason and I am a new member to SaleHoo. I have been reading as much as I can on this website. There definitely is some great information. I'm a little stuck, however, on what I should sell. I have used the lab to get the scoop on products I would be interested in selling, but haven't had much luck. The demand for the items I chose was low even though the competition is also low. I'm not sure where I should go from here.

I also do not have any form of business license or tax ID as of yet. I have been trying to find information but have been unsuccessful so far.

Any advice and/or suggestions would be greatly appreciated. Thanks!

Site Admin
richelle_salehoo
Posts: 5226
Joined: 20 Oct 08
Karma: 
19 Feb 10 12:40:35 am
Welcome to SaleHoo Jason!

You're not the only one stuck that's for sure! Even the more seasoned seller still have second thoughts about what product to sell.

For starters try sticking to the basics... like items that are used on a daily basis or products that are small and will not require that much capital on your end. Check out blogs and magazines for the latest trends. Here's a recent thread that has great tips on how to find your niche, please check it out:

Link hidden: Login to view

With regards, to get your Tax ID:

*If you live in the US or Canada, you can try Googling it


Richelle

Customer Support Manager
SaleHoo Group Limited
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Full Member
satya
Posts: 1778
Joined: 02 Jun 09
Karma: 
19 Feb 10 12:59:41 am
Welcome to the site, Jason. Cheers!


Satya
Customer Support
SaleHoo Group Limited
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Full Member
jnls4
Posts: 33
Joined: 17 Feb 10
Karma: 
19 Feb 10 11:51:25 pm
So in what order should I be doing this? Should I decide on what type of business model (LLC, etc) and getting a business license and tax ID first or start with finding products? I have been selling stuff around the house on ebay, but I'm running out! I thought about trying to find a wholesaler that didn't require a tax ID or business license, by as small amount of product as I could, and see what happens. Again though, I'm not sure what to sell! All of my interests seem to be the most popular ones (electronics like ipods, dvds, games, affliction and ed hardy clothing, etc.). Thanks again for the advice given so far.

Site Admin
richelle_salehoo
Posts: 5226
Joined: 20 Oct 08
Karma: 
22 Feb 10 01:20:10 am
Hi Jason,

You could still stay close to the products you are interested in like electronics, but instead of selling the actual gadgets (which will require a lot of capital) you can sell accessories instead, like chargers, bluetooth headset/earpieces, casings and screen protectors to name a few. Electronic accessories require a smaller capital, and are not that expensive to buy so the buy and sell cycle rolls over much quicker plus they are easier to ship out.

For branded clothing, you'd have to be quick on monitoring liquidated stocks as most stocks (not to mention the cheapest ones) will come from liquidations.

You can also try selling items that fall under consumables as these need to be replenished so users of such will really be out to buy these items - such as school/office supplies, personal hygiene products.

With regards to getting a Tax ID, you are not really required to get one. But if you do have a Tax ID you'll find that your choice of suppliers will be a whole lot more than if you don't have one.

Maybe getting your business going would be a good way to start then once you feel that you are ready for more, then a quick visit to your county clerk's office would be good too!

All the best! Cheers :)


Richelle

Customer Support Manager
SaleHoo Group Limited
Sell more with your own professionally designed and search optimized e-commerce website. Check out Link hidden: Login to view now!
Site Admin
richelle_salehoo
Posts: 5226
Joined: 20 Oct 08
Karma: 
22 Feb 10 01:22:29 am

You will then be able to take any product and see if you can compete on eBay.

Once you find the product you then have to make sure the source is legit which you can do right here on Salehoo by asking. After awhile you will learn to do your own research as well.

One final word of advice is to never take a reference as fact from anyone but do your own research to see if you really can make a profit with the above tool.

Good luck.


Also you might want to give the tool, Link hidden: Login to view (mentioned in planes' post) a try.

Again, all the best to you!


Richelle

Customer Support Manager
SaleHoo Group Limited
Sell more with your own professionally designed and search optimized e-commerce website. Check out Link hidden: Login to view now!

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