If your reading this you?ve probably already invested hours, weeks or even months of your time searching for products to sell on Ebay or your website. I?ve read that the majority of Ebay Powersellers make little profit.
This presents a dilemma, if the so-called experts aren?t making a decent living how can you expect to?
The 2 factors crucial to your online reselling success are:
1. Finding quality products that will sell.
2. Finding these products at a cost that allows you to sell at a competitive margin.
Most people will use Google or other search engines to find these products. This method has a few flaws. Firstly it is extremely time consuming. But more to the point, the wholesaler?s that will rank in Google will have search engine optimised their pages, ensuring your results are biased to the worst type of life form ? the middleman.
Another popular method of searching involves contacting manufacturers directly and asking them to supply a list of wholesaler?s in your area. This can be time consuming and difficult, but in the end can pay off.
A final and little discussed approach is to buy a wholesale directory. This technique is often written off, as these directories are typically out of date. However, nowadays some directories employ full time staff to research and present current and quality wholesale suppliers.
You might think, ?Why pay for something I can get for free?? This is probably true but it depends on how much you value your time.
As always you get what you pay for. Don?t expect to get information allowing you to triumph over your competitors for $20.
A great evaluation tool is http://www.ripoffreport.com/. You can see what (if any) complaints have been made against the company and assess the quality of the information.
In summery, work smarter, not harder: Assess the value of your time vs. the value of information and your computer-induced migraine might even disappear.
About the Author:
Jules Boven is a professional auction seller and CEO of http://www.thewholesale-hub.com, an online resource connecting retailers to wholesalers.
| Forbes.com: Market News Updated : BJ's Shares Wilt On Inflation Concerns Wholesaler beats Q2 estimates but investors worry it won't be able to pass along rising costs. Author : Lisa LaMotta Publ.Date : Wed, 20 Aug 2008 17:35:00 GMT Return Of The Poles Pays Off Wages are falling in Poland as more workers return to home soil, giving the central bank room to cut rates. Author : Parmy Olson Publ.Date : Wed, 20 Aug 2008 15:50:00 GMT Queensland Gas Sees Sunshine In Its Future The Australian coal-seam gas producer has made a takeover offer to Sunshine Gas, a smaller rival, anticipating to use its reserves as feedstock for an LNG project in conjunction with BG Group. Author : Vivian Wai-yin Kwok Publ.Date : Wed, 20 Aug 2008 11:19:00 GMT Vietnam Struggles To Squelch Inflationary Spiral The country lifts its interbank lending rate to 15% to dampen short-term borrowing, as it tries to reckon with price rises of 27% annually. Author : Vivian Wai-yin Kwok Publ.Date : Wed, 20 Aug 2008 15:30:00 GMT Suntech's All About The Silicon Solar company posted hefty Q2 gains on increased production capacity and strong demand. Author : Miriam Marcus Publ.Date : Wed, 20 Aug 2008 17:00:00 GMT Israel Chemicals Joins Fertilizer Boomers Fertilizer and potash company benefits from soaring demand as supply remains constrained. Author : Vidya Ram Publ.Date : Wed, 20 Aug 2008 13:35:00 GMT Sony Not Enough For Ericsson The Swedish telecommunications firm teams up with STMicroelectronics to get custom from bigger fish like Nokia. Author : Lionel Laurent Publ.Date : Wed, 20 Aug 2008 11:15:00 GMT BAA: Fight And Flight Spanish owner will delay British breakup recommendations as it spruces up airports for eventual sale. Author : Lionel Laurent Publ.Date : Wed, 20 Aug 2008 17:50:00 GMT Telekom Austria Misses Out Competition is rife and cost-cutting is tricky for Autria's main telecommunications operator. Author : Javier Espinoza Publ.Date : Wed, 20 Aug 2008 12:50:00 GMT Ebay AimsTo Fix Growth Online auctioneer cuts prices for fixed-price listings in a bid to lure users. Author : Carl Gutierrez Publ.Date : Wed, 20 Aug 2008 17:20:00 GMT |