Successful EBay sellers use a variety of different approaches to make their auction business what it is. Some make their own products for sale in both online stores and as auction items. Others buy up excess inventories of stores that are going out of business or clearing stock. Still others partner with wholesalers to supply an inventory of products to sell on EBay. It is this form of product sourcing for EBay that you really should consider if it is not already part of your plan.
A reputable wholesale distributor will want to do business with a small business owner. This might scare you away, but it shouldn’t. It’s not a difficult task to get a business license in your particular state. Once again, this takes research, but once you have this taken care of, you can move to the next step.
You need to find the right product to make your business stand out from the rest. The right sourcing agent company you choose needs to have this and other great products. You also need to know that if they offer dropshipping, it is completed in a timely manner and goes where it should. If you can choose a China sourcing company that is the main manufacturer of the product, it will save you the cost of the middleman.
To start an eBay business, you need stuff to sell. There are tons of ‘wholesalers’ out there, but most of them are middlemen and scammers. To succeed on eBay, you need quality products, and most importantly, REAL wholesale pricing. The stuff that you find in the search engines are mostly middlemen that will charge you high monthly fees and/or give you marked up ‘wholesale’ pricing that will give you no chance at making money. eBay charges listing fees and closing fees to sell on their site. This means you need big margins to make money. Using a simple cookie cutter solution is asking for failure.
It can help you tremendously when sourcing products. Not only can it help you when communicating with potential partners, but a knowledge of marketing can help you ‘dream up’ crafty ways of sourcing all sorts of products.
You also need to be certain how posting and handling costs will be negotiated. It would be very easy to lose all your profit from the sale by miscalculating the shipping and handling costs. If you know what the cost for this is per product then ideally you would set this up at the start of the auction charging the full costs to the buyer. To save you even more time and hassle ensure that your supplier is going to handle the shipping process. This way you do not have to carry stock and your job becomes a lot easier. In fact going with a wholesale dropship supply partner means never having to spend hours at the post office or buying boxes and packing materials. The items are then shipped direct to the buyers address within a couple of days of payment being received.
You just need to sell what’s hot on Ebay. Fortunately, Ebay makes this easy – they regularly publish a report called Ebay Pulse, which lists the hottest items sold. This report is regularly updated, and you can use it to decide what are the best items to sell on Ebay.
Of course, if you are serious and want reliable product sourcing for eBay, then use a wholesaler. It can be rather daunting to find a good wholesaler and it can take some time before you find a good one.