When you are just starting up your online business, finding the right products to sell online is often the number one problem. Knowing where to look can help.
Below are a couple of suggestions, which might be of help in finding the right products
- Drop Shipper Directories: Drop shippers are wholesalers that will ship direct to your customers whuch means that you do not have to invest in or store inventory. Directories of drop shippers are for sale online, but make sure you are buying a reputable one.
- Local Businesses: You may find businesses in your backyard that offer just the right products, but are not yet into e-commerce. Offer to sell their product online in exchange for a percentage of any profits you make.
- Crafters: Local crafters are a good source of unique products, and may be willing to reduce their prices for you if you purchase in quantity. Either buy the item outright, or set up a consignment arrangement with them.
- Garage Sales and Flea Markets: Garage sales are a good place to look for items to sell online. Do some research into categories that interest you, and then start scouring sales for good prices.
- eBay: eBay itself can be a source for products. Look for wholesale lots that can be broken down for individual sale.
- Wholesaler Directories: Your local library will probably have directories of manufacturers, wholesalers, and/or distributors. Most directories are organized by SIC code so that you can zero in on the product categories that interested you.
- Trade Shows: Trade shows are a great way to source products. Lots of merchants gather in one place to look for resellers. To find trade shows in a particular industry, contact trade associations and industry publications.
- Importers/Exporters: You might want to consider contacting companies that import goods from overseas. It is possible to source directly from overseas. This requires a lot of expertise, but many companies do it successfully.
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Another viable and most recommendable option, when starting up an eBay business, is to make use of the drop shipping concept, which you can read about in the post – eBay and Drop shipping – What Is It All About?
Click here to find out more about drop shipping.
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Stay tuned,
Christer
BTW
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eBay is a business regardless how look at it. I agree, it is a great deal of fun for both the buyers and sellers, but when you look at it from more serious point of view, you will see that it is a business from the seller’s perspective, from the buyer’s perspective, and most definitely from eBay’s perspective.
More than 40 million dollars a day travels through eBay. Selling items on eBay successfully is an art in itself, and eBay offers many different forms of Data and Research resources to ensure that you are selling the right items, to the right people, in the right way. (to the right price?)
Some of the data and research resources are not free, but pretty much of it is.
The available resources include
- hot items by category
- eBay Pulse
- merchandising calendar
- sales reports
- marketplace research
- buyer behavioural report
- the eBay solutions directory.
These tools are quite easy to use, and the information that can be extracted from them is extremely valuable.
The Data and Research tools are all accessible through your seller’s account, by clicking on the ‘Advance Selling’ link. Learn to use those tools, and see to that you get your piece of that $40 million eBay revenue each day.
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Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
My new content from all my web pages is also going there
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
If you hope to own an eBay business, and make a full time living with it, you can easily make that dream come true – even if you don’t have a product of your own to sell.
eBay provides many people who want to quit their corporate nine-to-five jobs with ways to make a good living, even without having to put up a lot of start up (private) capital. This is made possible with the help of so-called drop shippers.
Drop shippers send merchandise to the customers of business owners. If you have an eBay business, you are a business owner. This will allow you to offer a wide variety of stock in your eBay store, without having the need to physically warehouse all of those products!
All you have to do is set up your auction, and sell the product. You then pass the customer’s information on to the drop shipping company (the company physically having the product in stock). The drop shipper does the rest, and they will, if desired, even use your company information, as well as your company logo, when shipping the product, if you have provided it to them.
When the product arrives at your customer’s site, they will not be aware of that your company (or you personally) didn’t send it to them. The drop shipper will package, label, and ship the products that you sell, allowing you to spend more time to set up even more auctions, all with the goal to achieve greater profits.
It is necessary to establish a relationship with several drop-shipping companies in order to become successful. In the beginning, most drop shipping companies will require you to pay for the items that your customers order before they are shipped.
You will need to fill out orders in a timely manner and the best way to pay for the items is by using a credit card for speedy service. Eventually, you will be able to have the drop shipper fill out your orders, and then bill you for them later.
When you set up your eBay auctions, make sure that your reserve price is set higher than the price that the drop shipper will be charging you for the item. The idea, of course, is to earn a profit!
Depending on the item you are selling, a mark-up of about 10% should be about right, but you should perhaps do some research to see if the item is selling for a lower price in another eBay auction, or through other online sources.
By starting an eBay business using the drop shipping method, there is essentially no financial risk involved. The product will be sold before you pay the drop shipper for the item.
Working with drop shipping is one of the few businesses where you can actually make a profit before you have expenditures!
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An awesome video tutorial, visualising what is possible with eBay(R) and drop shipping can be viewed here
(you have to have Adobe Flashplayer – is free from Adobe)
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If you immediately want to roll up your sleeves and start getting your hands dirty, then I fully recommend the following product,
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♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
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