Finding products to sell to make money online can be challenging and it is well worth spending the time to get familiar the alternatives you have.If there’s a source of merchandise you already have (the harder to find items online the better) this is probably the best way to go and make the best of it. However, if you find yourself in the position where you must choose a niche then there’s a few possibilities you can look at.
There are various tools available online to help you figure out what’s the niche for you.The leading tool is Terapeak, which is an excellent idea to use for at least the first 2-3 months until you get accustomed with the market you choose. You can find a large array of statistics, from the best prices to sell the items to the best words to use for your titles and times of the day to list your items. Other tools with much limited data are EBay Pulse or Marksight, who will give you (for free) a peak at the best selling items in the category of your choice.
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Wether you figured out what products to sell or not, it’s also a great idea to check the prices available from suppliers. A fantastic resource of suppliers is provided by Salehoo, one of the most trusted directories of wholesalers and dropshippers. Below we’ll take a look at the pros and cons of working with the each category.
Great for home-based businesses, using drop shippers brings down the start up costs of the online business as there’s no need for an initial investment, no costs to store the merchandise, handling packaging or mailing the items to the buyers.
Another advantage is the possibility of dealing with multiple drop-shippers at once and, as a result, having a more flexible catalog.
Also, not having to deal with many of the above leaves more time for marketing and managing the online store.
Pictures for items are also provided which is a huge time saver ,especially for the products that pictures can not be used from the initial retailer (clothes for example).
The not so good thing about drop shippers is the dependency on other people to deliver the product in a timely manner and as described. On a fairly high volume of sales this could be a problem and may impact your feedback in a negative way.
Also when you’ll browse the lists of drop shippers you will notice that they mainly sell low demand items that will costs you to have listed on EBay and you will likely have a low turn around. Just as much many of them practice quite high prices ,leaving this was little room for profit, if any.
Given the above,however, there are some great drop shippers out there but some serious research must be done before dealing with this type of suppliers.
Wholesalers are the way to go when you are looking to run a high volume business online. From my experience and also sharing others I can say that pretty much anything sells if you advertise the right price, have an accurate description and have a strong established seller account.
From this standpoint finding a wholesaler is really looking for the source of the product that offers the best demand/wholesale price ratio. You can either go for China wholesalers (Alibaba is a good source) or try to find one in US. Both sources can be good depending on what item you have your eyes on.
For Brand name items I strongly suggest going with the US wholesalers so you can avoid counterfeits. Selling such items on EBay can have your account suspended and it is not worth the hassle. US wholesalers are trustworthier and you can always have paperwork to prove authenticity of the goods you sell.
However, when you’re looking to sell a non-brand item (such a charger that would fit a certain laptop model) then China wholesalers may be a good idea. Here you’ll have to deal with a harsh competition from the Asian countries that have many sellers on EBay that practice ridiculous low prices (with shipping costs to US for $1-$2).
On the other hand many buyers prefer buying these items from US based sellers and that could work in your advantage.
A disadvantage dealing with wholesalers outside US is the paying methods. In most cases wire or bank transfer is the only option and this could be very risky.
If you are ready to look into some prices and options for products, working withSalehoo is the place to start.