Hot Wholesale Tips You MUST Follow!

Written by SaleHoo.com © All Rights Reserved

1.Thorough market research is the foundation for success

Meticulous market research doubles your chances of making a tidy profit from the wholesale goods
you buy. Start off with a list of 5-10 different ideas. Then check completed listings searches
on eBay to see what the item generally sells for and the sell-through rate for each one. Use
Yahoo's free keyword tool http://inventory.overture.com to find out how many people are
searching Yahoo for your product per month. You can double this figure for Google. Add the numbers
together. If there are ten thousand or more searches per month for an item, this indicates a
healthy market.

2. Calculate the REAL cost of your item

One big reason why people fail at the wholesale game is that they don't do the numbers.In other words, they don't treat wholesale like a real business. To accurately discoveryour true profit potential on an item, you need to add the shipping cost and insurance, eBayfees (or equivalent for other advertising), Paypal and/or credit card fees (these can be a real profit killer), packaging costs and labor involved packaging, and any storage costs to the cost of your item.

3. Verify ALL suppliers found on the Internet

Getting caught out by scammers is a common stumbling block for people new to wholesale. If you are searching for suppliers off your own bat (rather than using a wholesale directory like SaleHoo),

it is CRITICAL to check authenticity before making a purchase.

Always take the time to:

• Check that the website gives a full business name and a registration number.


• Check for a legitimate contact telephone number - this will involve ringing the number.
  Do not accept a mobile phone number alone. All real companies should have a land line number.


• Go to http://www.whois.sc/ and search
  for the name of the website. A legitimate company will have a domain expiration date in several
  years time. Most legitimate companies reserve their domain names for 3-5 years or more at a
  time.


• AVOID suppliers who won't agree to use secure payment methods such as Escrow.com,
  Credit Card and Paypal Verified.



• Still uncertain? Ask other sellers what their experiences have been with the company you
  are interested in on eBay forums.

4. Chinese suppliers give the competitive edge

Chinese suppliers are an essential source for anyone wishing to make money selling online. Manufacturing costs are currently extremely low in China, thus it is the secret to gaining a competitive edge.Dealing with China does have risks, but these can be alleviated if you place a small order first, use secure payment methods, get shipping insurance for 110% of the cost of the items, and use suppliers with a good reputation.

5. A common stumbling block for liquidation and closeout

Always obtain the reasons for liquidation and closeout sales before you buy. Liquidation and
Closeout sales can be a fantastic source for cheap products, but you usually have to buy by the
pallet load and these can sometimes include broken or returned goods that aren't in saleable
condition. To be safe, ask specifically whether broken items and returns are included before
you buy.

6. Negotiate on shipping and save

Shipping economically is critical to importing success. Profits can easily get swamped in shipping
costs, so take time to get a good deal on shipping. If possible, negotiate CIF (Cost, Insurance & Freight)
or DDP (Delivery, duty paid) shipping terms with your supplier as this takes much of the risk
- not to mention organization - off your shoulders. FOB (Freight on Board) is the most common
shipping term, but don't be afraid to negotiate for better.

7. Drop shipping - can you really afford it?

Drop shipping sounds great in theory - someone taking care of packaging, wrapping and
postage - but it can be difficult to profit from this method. Think about it, drop shipping can
add another $2-10 to your costs - sometimes even 10% of the cost of the item. By the time you
add in eBay fees and any other costs, you may find it is not worth it.

8. Warehouse storage checklist

Asset management is the most important consideration when locating warehousing to store your
items. Believe it or not, items can go missing while in storage, causing massive disruption for
you. When comparing warehouses, ask questions specifically on how you will authorize the release
of stock (by phone or fax?), what will happen if you need to cancel an order, frequency of damage
claims, dust management, and whether there is an area you can use to photograph items.

9. Powerseller wealth

It's a fact - eBay powersellers are able to command higher prices for their items
than ordinary eBay sellers. To get the best profits on your wholesale items, you need to aim
to get and maintain powerseller status.

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10. Growth with a website and eBay store

The way to increase profits from wholesale is to build your own website and/or open an eBay
store. This allows you to cross sell items plus it also makes it easier for people to find what
they are looking for. For example, if you sell shoes, then customers can easily navigate to browse
all black shoes in size 9 and so on. Always include a sentence at the bottom of your descriptions
encouraging visitors to check out your other listings - most people will.

If you are looking for genuine and trusted wholesale suppliers then look no further than SaleHoo!
SaleHoo's directory contains over 4000 drop ship, wholesale and closeout suppliers that
are independently reviewed and rated by eBay Powersellers and Industry experts. SaleHoo also
purchases off them and reviews each supplier in depth afterwards.

About the Author: SaleHoo is one of the fastest growing product sourcing
portals on the internet. It contains a database of drop ship, wholesale, closeout and manufacturing
suppliers offering thousands of product suppliers to consumers! Located
at http://www.salehoo.com,
visitors are allowed to sign up for unlimited and lifetime access to the completely searchable
database of products and suppliers. The database is regularly updated, ensuring that
the latest retail products are always available for purchase and SaleHoo carries the BBB Reliability
Seal!

Join SaleHoo Today for their Special Startup Offer!

Wholesale directories pt.1 Salehoo! - afilliate program

Salehoo Wholesale directory - beneath is a video of what salehoo is and how you can make money with salehoo...

How do I Find Something to Sell?

Written by SaleHoo.com © All Rights Reserved

Many people wanting to start an eBay business spend a lot of time fretting over what they will sell. Perhaps these questions are familiar: Where do I find ideas? Should I sell the most popular items? How do I know a good idea? These are important questions everyone faces.

eBay already contains so many items for sale that some sellers feel overwhelmed from the start wondering how they can possibly find a product idea when the market appears to be full anyway.

So where should you start then?
1. Your hobbies

This can be a great way of establishing a niche. Perhaps you love embroidery or making model airplanes? Chances are a lot of other people share this passion and are looking for related supplies. Crafts and hobbies is big market - however, before you jump in headfirst, make sure you do some research to back up the feasibility of your idea. eBay is a numbers game and no matter how great your idea is, it won't work if not enough people are interested. So be sure to use the completed listings search and test the market with some of your own supplies first.
2. Listen to what your friends and family are talking about

Sometimes the best ideas can arise from your friends and family. One seller says she overheard some women at the table next to her talking about the trouble they were having finding a particular brand of baby slings. This got her thinking, and, after a bit of research, she realized they were a foreign brand and hard to find in the USA. A wee bit of research later and she had found a supplier and was successfully selling online. So keep your eyes and ears open! If people you know are looking for a particular item, chances are others will too.
3. Research newspapers and magazines

Newspapers and magazines can provide a ton of information on trends and styles. Just browsing the headlines can often be enough to spark a new idea. Try sitting down with a pen and notebook and skimming the pages of popular magazines and daily newspapers. You should have a list of at least 10 ideas by the end.
4. eBay Seller Central

eBay itself has a fantastic resource in the Seller Central area 'What's Hot'. Every month, a list of super hot, very hot and hot items are published. This is a great way to find ideas but remember that everyone on eBay also has access to this information! The merchandising calendar is also a useful resource.

All successful sellers sell several products, rather than putting all of their eggs into one basket. Not only can trends change with the wind, but some products are only popular during a particular season. For example, dehumidifiers are more popular during winter than summer, while lawnmowers are super hot in spring and have a practically non-existent market in the winter.
5. Find out what your buyers are buying

A good way of expanding your product range is by 'spying' on your buyers. After making a sale, check your buyer's feedback and find out what other items they have been purchasing recently. This will help you get to know what your target market are interested in and expand your range accordingly.

Finding something to sell can seem daunting at first, but I guarantee that once you think of one idea, plenty of others will quickly follow!

About the Author: SaleHoo is one of the fastest growing product sourcing portals on the internet. It contains a database of drop ship, wholesale, closeout and manufacturing suppliers offering thousands of product suppliers to consumers! Located at http://www.salehoo.com, visitors are allowed to sign up for unlimited and lifetime access to the completely searchable database of products and suppliers. The database is regularly updated, ensuring that the latest retail products are always available for purchase and SaleHoo carries the BBB Reliability Seal!
Join SaleHoo Today for their Special Startup Offer!

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