Product Sourcing For Ebay

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Many people use Ebay as an alternative to running a garage sale, getting rid of old and unwanted belongings while making a few bucks at the same time. But do you know that you can make a full time income off Ebay by selling wholesale products continuously? There are already people doing this – they set up wholesaler agreements with vendors who handle inventory and process the shipment of goods to the buyer. Here are three more things you need to know about product sourcing for Ebay before you jump in with both feet.

1. Discover What’s Hot on Ebay

First, you need to figure out what are the best items to sell on Ebay. You want to sell products with a high turnover. For example, if both Product A and Product B give you a $100 margin, but Product A sells 100 copies everyday while Product B only sells 50 copies, you obviously want to sell Product A. This is obvious, of course. But how do you find this information? How do you know what’s hot on Ebay?

Simple! Ebay has a web page called Ebay Pulse. This page lists the most popular items on Ebay and is updated very regularly. But what if you don’t know how to sell these items?

Then try Shopping.com’s Top Searches page for more hot product ideas.

2. Find a Wholesale Dropship Supply Partner to Provide the Goods

Next you need to find wholesalers for Ebay sellers who can provide these hot products and process the orders and shipping.

How do you find these companies? Just look for directories of wholesale dropship supply companies. There are both free and paid directories at various price points. These wholesaler directories list all companies which are willing to provide goods for resale by third parties like yourself. You’ll need to make sure that the listed companies also handle order processing and shipping.

Naturally, the paid directories offer more useful and up-to-date information. They may also offer ratings by people who use these companies. Membership costs can range from $50 up to $200, depending on the level of service and how much information they actually offer. Often, you only need to pay the fees once, when you join up. Be careful to verify this, as some require monthly or annual membership fees.

Reputable directories almost always have a cooling off or refund period. If you find that the directory you joined is not suitable for you, you can often quit and ask for a refund within 30 days or 60 days. After that you can try another directory until you find one which meets your needs.

3. Diversify

When you first start out, it is normal to stick to selling one product on Ebay. This greatly simplifies and speeds up your learning process.

But to get a stable income from product sourcing for Ebay, you need to sell more than one type of goods at the same time. After all, you never really know whether something will sell. Just because Ebay Pulse says Nintendo Wii sold very well for the last 3 months, does not guarantee that YOU can sell Nintendo Wii this week.

Rather than depend on just one item, try selling several unrelated items at once. For example, sell the latest hit singles supplied by a music CDs dropshipper at the same time you sell cat litter from a pet accessories dropshipper. It is even better if you can manage a third and fourth product at the same time. In the long run, if you really want to get a stable income, you need to implement several extra income ideas at the same time.

The biggest question is not whether or not you can succeed. What you need to ask yourself is: “Am I willing to put in the time needed to learn how to sell effectively on Ebay?” In many cases, the product outsourcing for Ebay company you work with will provide visually attractive ads. But you still need to set up the auctions and Ebay stores yourself. You may also want to take the time to create your own ads if you think there are too many competitors using the same ads. You will also have to learn different strategies to get people to look at your auctions and visit your Ebay stores.

Click here to join SaleHoo Sourcing Directory and get instant and unlimited access to 5,347 pre-screened legitimate wholesale suppliers.

Tags: best items to sell on Ebay, music CDs dropshipper, pet accessories dropshipper, product sourcing for Ebay, what's hot on Ebay, wholesale dropship supply, wholesalers for Ebay sellers

This entry was posted on Sunday, February 15th, 2009 at 7:51 pm and is filed under Product Sourcing For Ebay Articles. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.