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Please help me! Where do I start with Salehoo?

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sherry-allen
Posts: 8
Joined: 17 Dec 06
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19 Feb 07 06:15:53 am
:twisted: :twisted: :twisted: I have been a member since Dec. I have searched and searched and searched for just one item any item that i can make 5 to 10.00 consistiently on ebay --i cannot buy in large amounts--i feel that salehoo does not produce as advertised PLEASE HELP ME!!!

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bacpro
Posts: 331
Joined: 16 May 06
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19 Feb 07 04:31:44 pm
I see this kind of post all the time. And I hate to burst your bubble, but making 5 to 10.00 on ebay is a lot harder than people think. However I would suggest
using [Link no longer available]

They have alot of items in that range, but as I said
its not as easy as it seems. I come to the conculsion that in order to make 5-10 consistienly on ebay is to list 100 to 200 items because listing a few items won't cut it. I have decided to stay away from ebay and concentrated on U-bid, I'm selling a lot more items, than I ever sold on ebay...ebay is so saturated that it's difficult to get your items seen.

Ebay can end up costing you more than you sell. Its a numbers game, the more items you list the more chance your going to get a few sales, but in the end the listing fees will kill you.

This is my opinon...there are sellers on this fourm that would disagree with me. But thats how I feel about ebay. I still use ebay but not much. I've a member of ebay since 1999 and I think that I've spent more lsiting than selling.

regards
John (bacpro)


J Baca
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jimmy_huber
Posts: 2867
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19 Feb 07 05:24:00 pm
I sell a few hundred Items a week and I dont have a steady 5-10 dollar profit margin. I normally average $3 - $7 per sale. If your looking for a $5-$10 per item profit margin. Then your gonna have to put a few extra dollars in and buy more items in bulk. I recently found a product I can get from only 1 supplier and resell on ebay for over double its retail value.

Is there a specific category your interested in. ? Maybe we can help you more If we knew what you wanted to sell.


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haus1028
Posts: 352
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19 Feb 07 05:38:02 pm
Bacpro,
I don't think too many would disagree with you, at least not me, I 100% agree, but I think many feel that ebay is the only place that has the traffic to sell (myself included). I have heard you and a couple different people on here talk about ubid and I am going to try it out. I noticed they don't use paypal, their fees are just as bad as ebay. I would love to get away from ebay and paypal fees.

sherry allen,
Ok, sorry I got sidetracked,
I also agree with useing ezdropship I use em and like em. I only signed up a couple days ago and have sold a few things. Nothing in this is consistant. I had an item selling like crazy for about a month or so. I was selling about 1-5 of them a day (maybe not every single day) and last week they just quit selling and I don't know why. I was buying for $11.88 and selling for $19.99. I have not sold any for over a week. Thats just how it works. I lost alot of money in ebay fees on that item when they quit selling because I had so many listed.
Liquidation (buying in bulk) is were the money is. Buy 500 bluetooth headsets for $5 a piece and sell for $15-$20 and you'll make some money, it will cost $2500, but it'll be woth it.


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treasuresgoround
Posts: 2
Joined: 19 Feb 07
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19 Feb 07 09:54:31 pm
I've spent a lot on eBay fees as well. That's why I put everything mostly in my eBay Store now (Only 0.08 an item) and my website. I still use both though. eBay does get you the necessary traffic but what I was dealing with is that everyone else had the same supplier as me, so to find my products among theirs was difficult.

I like to use both and drive traffic both ways.

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haus1028
Posts: 352
Joined: 10 Jan 07
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22 Feb 07 02:23:56 am
I have decided to stay away from ebay and concentrate on U-bid, I'm selling a lot more items, than I ever sold on ebay...ebay is so saturated that it's difficult to get your items seen.


I have just been approved to sell on ubid. I hope it works out, after all the paperwork I filled out, it better :lol: I'm getting sick of ebay and paypal fees. I do like the fact it's not easy to sell on ubid (no dropshipping) I just made my first liquidation purchase today.

I have not researched about ubid yet. Are there any fees at all? Do they have stores? I would like to sell above ground swimming pools, spas, and tanning beds, high priced items that I wouldn't dream of sellingon ebay because of the fees.


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kmw2489
Posts: 1
Joined: 21 Feb 07
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24 Feb 07 08:56:34 pm
Hello I just joined Sale Hoo a few days ago and am wanted to know about how long it took people to get started and making money in this business.

Kellie

Full Member
haus1028
Posts: 352
Joined: 10 Jan 07
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25 Feb 07 12:13:01 am
Hello I just joined Sale Hoo a few days ago and am wanted to know about how long it took people to get started and making money in this business.


I just started selling the first of January and I have probably made a profit of maybe a couple hundred so far. My main profit items are summer items so hopefully it will pickup soon.

Don't expect to make too much at first.

Keep reading salehoo forum, You'll learn alot here.


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leesanders
Posts: 12
Joined: 15 Oct 06
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4 Mar 07 07:30:47 am
Hi this is lee form the uk
what are looking to sell?
I can make 50usd to 100usd an item

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leesanders
Posts: 12
Joined: 15 Oct 06
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4 Mar 07 07:44:05 am
Hi this is lee form the uk
what are looking to sell?
I can make 50usd to 100usd an item

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bayericlowe
Posts: 485
Joined: 26 Feb 07
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4 Mar 07 07:47:33 am
You have to mostly buy in bulk if you want to make a large profit on eBay, that's where the game comes down to.


Or you can get good at dropshipping, but either scenario is NOT simply pick up and play easy.

You have to know the market before you sell in it, and I would suggest own a credit card to handle the fees.

And DON'T use highlight, bold or any of the extras!!! Don't use any of it and you can cut back your fees to less than $3.00 a single list!

And it works the same, people will STILL see your item and you can still get alot of traffic!

I reccomend not use ANY extras at all, unless it is a very large item. Then just sell it as is.

uBid is another way but I can not have any chance of approval over there. Yay for those scammers. They totally destroyed my credit rep after ripping me off with this ridiculous phone and the phone company nailed it on my record.

This is why I greatly distrust any phone company now, and turn them in to the BBB and authorities. They are ripoff artists.

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This is what I feel after all that, and I learned to NEVER trust anything someone says. If they are outside of the country, do not even talk to them just turn them in and get them thrown in jail. If you happen to come across the people, and it seems too good to be true it usually always is. Don't get suckered in ever by the scammers out there, you learn a very bad lesson.

Don't sell anywhere you can't make a profit so I suggest use bid-alot, ebay, and ewaey if you can to sell most of your stock. To mostly US buyers...if they live outside of the country, force them to verify their identity by telephone and after talking to Paypal or your purchase provider.

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mabullas
Posts: 82
Joined: 23 Feb 07
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6 Mar 07 01:13:00 pm
Hello I just joined Sale Hoo a few days ago and am wanted to know about how long it took people to get started and making money in this business.

Kellie


My accountant said to me a few weeks ago not to expect to make much in the first year of a new business venture, and that some actually run at a loss before they start to make a profit. He wasn't talking about ebay but of new businesses in general. I tend to see where he's coming from - I've already parted out on Salehoo membership, other lists (some of which were really good, some were just barely OK), Australian software specifically designed to work with Microsoft Office and format everything correctly for the tax dept (also includes access to staff who will design your logo and design auction ads free of charge in the package - not too expensive, either), purchased a couple of one off sale items which I will be auctioning for the first time .....and I haven't even started selling yet. Not to mention spending time in email contacting direct manufacturing firms who make products I'm interested in, checking out various suppliers, etc, trying to get the whole supplier/product thing sorted out so that I can trial the merchandise and the whole delivery procedure first....

I've also made mistakes along the way as I am trying to develop product sourcing skills (never talked to a wholesaler or manufacturer before this), learning how to assess consumer demand, marketing (how am I going to market this product in my ad so that I will get a response over the competition?), checking out and analysing competitors' ads and number of bids and relating the two, working out my customer service policy so it can be clearly stated and people know exactly what they're getting, working out posting costs, some element of attractive visual design for ads, getting post-sales emails ready, so that when I go live I can automatise as much as possible.

I'm sure I've already made some purchasing mistakes in my initial eagerness, but I will be just trying to make as much as I can out of the sales - at a profit if I'm lucky; if not, I will learn something about what to buy and what not to buy. I'm not making huge break-the-bank type mistakes, so I gather I will not go bankrupt just yet. My first auctions will be in the next fortnight, and I will be putting up about 8 items in my first week. That will be my 'learning how to auction' lesson. I'm also reading as much as I can, and trying to learn from the experience of others - on this forum and others.

I know that I'm generally pretty good at being persuasive and have good writing skills, so I'm not worried about that aspect. But I also know that if I'm going to make any money, I need to find the right products that people will want to buy, and the right supplier who can deliver the items I want at an affordable price and in the right quantity. That's not a 5 minute task. I've already spent a few weeks on it. But I do know that it will probably be time well spent - that, and gradually building up my feedback ratings, etc.

I have a basic plan of what I want to do this year and what I can realistically expect, and how I want to eventually grow the business. So while I'm getting ready to auction small items in the next fortnight, I'm already looking into sourcing the bigger ones that I want to move into, and building up capital from the smaller things to pay for the bigger things...so that I can then hopefully make a profit.

There you go - my newbie learner's journey, mistakes and all. Because compared to most people on this forum, my knowledge in this area is small indeed.

I don't seriously count on making more than marginal profits in my first year until I can afford to buy more than piddling amounts of stock, so the plan is to sell enough to build up the capital so that I can buy the sort of amount that will allow me to make a reasonable profit. That's really the aim for me this year. If I do end up making profit earlier, it's a bonus.

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bayericlowe
Posts: 485
Joined: 26 Feb 07
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9 Mar 07 01:19:23 am

My accountant said to me a few weeks ago not to expect to make much in the first year of a new business venture, and that some actually run at a loss before they start to make a profit. He wasn't talking about ebay but of new businesses in general. I tend to see where he's coming from - I've already parted out on Salehoo membership, other lists (some of which were really good, some were just barely OK), Australian software specifically designed to work with Microsoft Office and format everything correctly for the tax dept (also includes access to staff who will design your logo and design auction ads free of charge in the package - not too expensive, either), purchased a couple of one off sale items which I will be auctioning for the first time .....and I haven't even started selling yet. Not to mention spending time in email contacting direct manufacturing firms who make products I'm interested in, checking out various suppliers, etc, trying to get the whole supplier/product thing sorted out so that I can trial the merchandise and the whole delivery procedure first....

I've also made mistakes along the way as I am trying to develop product sourcing skills (never talked to a wholesaler or manufacturer before this), learning how to assess consumer demand, marketing (how am I going to market this product in my ad so that I will get a response over the competition?), checking out and analysing competitors' ads and number of bids and relating the two, working out my customer service policy so it can be clearly stated and people know exactly what they're getting, working out posting costs, some element of attractive visual design for ads, getting post-sales emails ready, so that when I go live I can automatise as much as possible.

I'm sure I've already made some purchasing mistakes in my initial eagerness, but I will be just trying to make as much as I can out of the sales - at a profit if I'm lucky; if not, I will learn something about what to buy and what not to buy. I'm not making huge break-the-bank type mistakes, so I gather I will not go bankrupt just yet. My first auctions will be in the next fortnight, and I will be putting up about 8 items in my first week. That will be my 'learning how to auction' lesson. I'm also reading as much as I can, and trying to learn from the experience of others - on this forum and others.

I know that I'm generally pretty good at being persuasive and have good writing skills, so I'm not worried about that aspect. But I also know that if I'm going to make any money, I need to find the right products that people will want to buy, and the right supplier who can deliver the items I want at an affordable price and in the right quantity. That's not a 5 minute task. I've already spent a few weeks on it. But I do know that it will probably be time well spent - that, and gradually building up my feedback ratings, etc.

I have a basic plan of what I want to do this year and what I can realistically expect, and how I want to eventually grow the business. So while I'm getting ready to auction small items in the next fortnight, I'm already looking into sourcing the bigger ones that I want to move into, and building up capital from the smaller things to pay for the bigger things...so that I can then hopefully make a profit.

There you go - my newbie learner's journey, mistakes and all. Because compared to most people on this forum, my knowledge in this area is small indeed.

I don't seriously count on making more than marginal profits in my first year until I can afford to buy more than piddling amounts of stock, so the plan is to sell enough to build up the capital so that I can buy the sort of amount that will allow me to make a reasonable profit. That's really the aim for me this year. If I do end up making profit earlier, it's a bonus.


That is an excellent way to put it. Another thing you can always do and be sure you look out for this, is sell light-weight type products and items and find yourself cutting the shipping down to nearly nothing.

It is great fiscal sense for sure, especially if you can find one or two that are simply selling out over and over again! Then you can be a real distributor, and offer your items at below cost and constantly run out of stock. And drive traffic to your store.

Oh after being in this for a little while, I've learned alot of what you say as well and know it is not a very easy game. But it is a worthwhile game, especially with the rewards as you build up. In fact, I've gained quite a keen eye for deals now and acquired a british accent that I can't stop because my aunt was irish. And through it all enough lessons will be had, that at the least, I'll pay back any loans and grow my store to reach the whole of the masses.

Full Member
mabullas
Posts: 82
Joined: 23 Feb 07
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9 Mar 07 08:36:29 am
[quote]But it is a worthwhile game, especially with the rewards as you build up. In fact, I've gained quite a keen eye for deals now and acquired a british accent that I can't stop because my aunt was irish.[quote]

:lol:

I'm trying to memorise when Chinese New Year is, so when I get my few nice reliable direct suppliers, I can offer snail mail greetings to the rep and the team each year!!! :D

No, don't laugh! Last year, I took on a part time admin job because it was easier to care for my mother than work in my teaching and academic profession. I learnt all sorts of things. Like how companies send each other Christmas cards (sometimes even Christmas gifts). Our company had 2 suppliers for whom we were the largest buyers, and they regularly (at Christmas and a couple of times in the year) literally took out whole company (only about 25 employees) for dinner at really nice restaurants. Reps would pop in to the office and say hello around holiday times, and even I would find myself doing the odd phone schmooze. I think I also got known as Ms Penny Pincher as well - I got to handle office buying (as opposed to stock buying), and would happily negotiate over the price of paper clips (and usually get a discount!). I even got to source out the best deal on a new computer system for the managing director. He wanted to go with the last place he ordered, but the place my mum bought her computer for had more features at a better price and he went for that. Even found out that their servicing was at least $100 cheaper than the crowd he usually got. He was so happy with the quality of the goods and their customer service that he bought more computers for the business from there and got them to set up the networking, which was way less problematic than the other technicians he used for years and was never happy with.

I really should have asked for a commission on that sale.... :D

Well, I need a new computer soon, and I'm probably going to get it from there, so maybe I should mention the connection and see if I can wrangle a discount :lol:

Anyway, thanks for the encouragement. I really felt I needed it, because I've been feeling like I've been doing all this groundwork and not getting anywhere yet, but you've helped with my resolve to stick with it and work slowly and methodically.

New logo going to be designed in a week, and a banner, as well as buying a drop dead auction template I saw at a graphic design site, and my post-sales emails will be written within the next few days, so that should be exciting. I want to have a range of things by the time I auction my first thing so that everything will look professional. I've even written my new catch phrase for Savvy Trading - 'Shop Smart. Shop Savvy', and I'm looking at suitable fonts. So some progress made - now if I can just sell some things by 2-4 weeks time, I will be blissfully happy.

And my official ABN certificate arrived today from the Australian Taxation Office, so I'm now legit - now all I have to do is fill in my profit and loss statement (oops - I mean loss statement) to hand to Centrelink (our Social Security's trendy name) so that everything's above board in terms of my carer pension.

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jimmy_huber
Posts: 2867
Joined: 11 Mar 10
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9 Mar 07 09:22:53 am
Hmm lol I think were moving slowly off topic here hehe


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jbrun067
Posts: 1
Joined: 07 Aug 07
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8 Aug 07 07:42:30 pm
If I Could make a suggestion to all of you saying ur loosing money on bids i found a website that i know alot of people use on ebay and i love it aswell. It's called Auctivia.com, its a great website that saves me tons on pictures and all those fancy extras you can put on ebay..plus it helps alot with reposting..it's a great site check it out

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fudjj
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8 Aug 07 08:55:09 pm
There vwas a topic?

: )


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