Product Sourcing Pitfalls and Opportunities – Where to find Wholesale Goods

Sourcing Discount Brand Name Bargains

Most people are aware of the fact that brand name items typically get three times more traffic than non-brand items on eBay. But what many don’t realize is just how difficult it can be to source genuine brand names wholesale. Sadly, it’s fairly common these days for sellers to be duped into buying what they think is a genuine product, only to get their account suspended when someone realizes the items are fakes and turns them into eBay.

So what can sellers do to ensure that they don’t get themselves into a position where their very livelihood is at stake?

SaleHoo logoSaleHoo product sourcing directory contains wholesalers carrying brand names that have been thoroughly authenticated by the SaleHoo staff. Every supplier listed as carrying a brand name is guaranteed to do so and choosing to buy from these wholesalers is one way that sellers can guarantee the genuine article and peace of mind.

Also, SaleHoo contains a number of liquidators and overstock suppliers and they believe this is one of the cheapest and easiest ways for sellers to get hold of genuine brand name stock. Liquidation can occur for a variety of reasons: end of season, end of line, returns, shelf-pulls, damaged or broken items, bankruptcy, or simply because the company is moving premises and it is cheaper to liquidate than to transport stock over. While this means not every item liquidated is in perfect condition (and sometimes not even in saleable condition), it does allow seller to pick up designer bargains at up to 80%-90% below the retail price. This is a huge advantage, particularly for sellers competing in categories such as Electronics and Clothing.

Buying liquidation usually involves buying by the pallet load, which means a typical expenditure of between $500-$5,000, depending on the merchandise. However, as long as the quality of the merchandise is good (and SaleHoo warns it is critical to inspect or thoroughly check the inventory list before you buy), you can usually make back at least double the amount you spend, according to eBay expert Simon Slade.

Liquidation shouldn’t be your one and only product source as you can’t rely on it for long-term guaranteed supply, says Slade. One week you might pick up a good deal on Nikes, another week you might get some women’s shoes from Macy’s. But it is a great way to supplement your inventory and the simplest and safest way of getting hold of designer brand bargains.

11 Most Commonly Suggested ways to Make Money on eBay and why you should Avoid most of them

eBayPardon us for a moment while we play "Devils Advocate" to explain the reasons why some of these 11 most commonly suggested methods for making money on eBay, are impractical or more accurately, are methods destined for failure.

If your goal is to start an eBay based business you should read this article.

The best way(s) in our opinion, to make money on eBay as part of an well crafted eBay business plan, will be revealed after our review of these more "commonly" touted methods.

The text in this post edited in italics is a previously compiled list of 11 common methods for sourcing products to sell and make money with on eBay. The article was originally written by a self appointed drop ship guru by the name of Mike Makler AKA "The Coolest Guy in the Universe".

Last Year over 20 Billion Dollars worth of product was sold on Ebay. (Yes Billion with a "B"). Many people are earning $10,000 or more selling on Ebay. Many more would like to sell on Ebay but they face that big hurdle - Where Do I find Items to sell on Ebay. Here are the 11 Best Places to Find Items to sell on E-Bay.

Copyright © 2005-2006 Mike Makler the Coolest Guy in the Universe

Original Article Source: http://EzineArticles.com
About The Original Author:
Mike Makler has been Marketing Online Since 2001 When he Built an Organization of over 100,000 Members

1 - Garage Sales

The Strategy that works best with Garage Sales is stop by at the end of the day and offer to buy all the merchandise they have left. You can often spend $25 - $50 and then resell on Ebay for $500 or more.

  • Why is this a very difficult way to make money on eBay? - Because for every item you spend the time to find at a garage sale you must perform several time consuming steps before that single item can be sold on eBay. Each item must be evaluated, cleaned, tested, described, photographed, categorized, listed and stored. This is a lot of time invested in each item purchased at "Garage Sales", and that time is multiplied by a factor of however many items you purchase in that lot for $50. Therefore, for each 20 item lot you purchase for $50, you will spend approximately 20 hours of your time getting those items listed on eBay. How much is your time worth? Lets say you value your time at a very low $10 per hour, now your investment in these 20 items is worth in excess of $250, not including the time or gas money spent in finding the original "Garage Sale". Will each lot or haul from these "Garage Sales" net even one item which will return your investment in time and cash? Will all of the items sell on the first listing on eBay? How much more money will you invest in eBay fee's and charges to sell these used cast off "Garage Sale" items? - Garage Saleing is a fun pass-time for the retired and a possible business endeavor for people who work at Flea Markets, but for eBay it is a losing proposition. Suggesting that eBay sellers should source product using this method is similar to suggesting to gamblers that they can get rich by playing bingo.

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