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.

One problem which newbies to Ebay selling face is how to find good product sourcing for Ebay suppliers. Fortunately, it is not difficult to find good partners if you know where to look. Experienced Ebay sellers use these 4 simple steps to find their wholesale dropship supply partners:

1. Find Out What’s Hot On Ebay

The first thing you need to do is to find what are the best items to sell on Ebay. Don’t sell what you feel like selling – this leads to failure. Only sell what people want to buy. You can look at Ebay Pulse and Shopping .com’s Top Searches to find this information. Note down the categories of products which are popular as well as specific brands and models.

Check out Google Trends as well. This will tell you if the demand for this product is seasonal.

2. Find A Directory Of Wholesalers For Ebay Sellers

There are a few good directories out there. They list thousands of reputable wholesalers and dropshippers. The companies which operate these directories continuously update their databases – removing wholesale dropship supply vendors who go out of business and adding new wholesalers and dropshippers.

The better directories will have a feedback mechanism. You can see what other partners of these dropshippers say, and you can add your own feedback.

The directory owners will also categorize the vendors listed. Better directories will categorize on more than one level – by the type of product sold, type of compensation plan, minimum orders, wholesaler or dropshipper, etc.

There will probably be a search function to help you shortlist your prospective product sourcing for Ebay suppliers quickly.

3. Shortlist Your Wholesale Dropship Supply Partners

First, you need to find a vendor who supplies the products you want to sell on Ebay.

Then, shortlist the vendors who provide dropshipping. That means:

• You set up the Ebay auction or shop,
• Take the customer’s order and payment,
• Forward the customer’s information and payment to the vendor, then
• The vendor will directly send the product to the customer

You also need to make sure there is no minimum order for the shipment. For example, if you sell DVD players, you should not expect your customer to order more than 1 unit. However, if you sell (relatively) low-cost products like music CDs, you need to find a dropshipper who offers reasonable minimum orders for delivery. In this case, you need to structure your Ebay auction appropriately.

Remember to double-check any limitations to where they will deliver. If they don’t do international deliveries, say so in your auction. If they only deliver to certain cities, take note of that as well.

4. Select Your Final Product Sourcing For Ebay Partner

Look at the vendor’s compensation plan. The two main plans are:

• Commission based – You get a percentage of the sales. Ask the vendor if they support Ebay auctions.
• Buy rate plan – the dropshipper sets the wholesale price per unit, you set the minimum bid. Don’t forget to include the delivery charges.

Look at any reviews and feedback on the vendor’s service. Never choose vendors with poor feedback, regardless of how good their offer seems to appear.

Examine any other fine print and make sure they are acceptable.

And that’s it. You now have your product sourcing for Ebay partner. All you need to do now is set up your Ebay auction.

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

Product sourcing for Ebay is a straightforward way to consistently make money on Ebay. Nevertheless, it is still a business. That means you might just meet some of these roadblocks on your way to success:

• Many wholesalers for ebay sellers only stock one type of product, e.g. a music CDs dropshipper only stocks music CDs, a pet accessories dropshipper only stocks pet accessories. If you sell more than one type of product, you need to become partners with more than one wholesale dropship supply partner.
• To make the big bucks, you need to know best items to sell on Ebay. Since what’s hot on Ebay changes from season to season, this means you need to keep on looking for new product sourcing for Ebay partners. Sometimes, you will only work with the vendor once. Other times, you may work with the same vendor again and again.
• Difficult to explain to other people. Your family, friends and neighbors most probably will never understand what you are doing. Relatively few people understand the concept of a home business or internet business. Some Ebay sellers give up on the cusp of success because of pressure from their peers. Just as they begin to break even, they crack under pressure from their significant others, parents, parents-in-law, etc.
• Depending on the commission structure of your product sourcing for Ebay partner, there may be a delay in payment. For example, some vendors only pay you when you meet a minimum sales threshold, and only make payments at the end of the month. They may also withhold 10% of your commission every month to cater for returned products, only releasing it the following month.
• Because you spend so little money up front, you may not be committed to follow through.

Are you still determined to make money on Ebay? Click here to find good partners for product sourcing for Ebay.

Do you want to make money on Ebay? Then product sourcing for Ebay is the right strategy for you. However, you do need to choose the right vendors. The wholesalers for Ebay sellers with whom you work must have a proven track record. They need to demonstrate that they understand the needs of Ebay sellers. They must also have a proven track record for quick and accurate dropshipping.

Here is a quick checklist on how to choose a good wholesale dropship supply partner:

1. How does their program work?
2. What do they expect from you?
3. What can you expect from them?
4. How much will they pay you?
5. How will they pay you?
6. When will they pay you?
7. What is their turnaround time to deliver a product to your customer?
8. What happens if your customer receives a damaged product?
9. What is their response if the product breaks down during the warranty period?
10. What delivery methods do they offer? Fed-Ex? UPS? US Post?

Have you made up your mind to make money on Ebay? Then get off your butt and get moving. Click here to find good partners for product sourcing for Ebay.

The first step of any successful project is always to set your intention. A career coach would say set your goal(s) in life. A soldier would say “This is my mission…”

As someone running a home business using the product sourcing for Ebay strategy, you would say “The reason I am running this business is …”. This is my reason: “… to work for myself and control how I use my own time and energy.” What is your reason? Is it to make a downpayment for a new home? Or is it something else?

From this general goal, you need to set the specifics of your goal – how do you know when you have reached it? Mine is simple: “To earn $10000 every month while working 20 hours a week by the time I reach 40 years old.” What are the specifics of your goal for product sourcing for Ebay? Maybe to save $50000 in two years?

Next, you need to set up your budget and schedule. How much time can you afford to spend on your Ebay business? How much cash can you afford to spend on this project? In its most basic form, working with wholesalers for ebay sellers, the cost of running your business is very low. However, more experienced Ebay sellers sometimes buy additional advertisements to speed up their sales. Some people buy classified ads in the newspapers. Others buy classified ads online, or use pay-per-click advertisements like Google or Yahoo.

Besides the cash budget, you need to set your time budget. How many hours a week can you spend on your product sourcing for Ebay strategy? 5 hours? 10 hours? 20 hours or more?

Can you reconcile your budget and schedule against your goal? Although this is quite early in the process, when you say “I want to save $50000 in two years by putting in 10 hours every week”, does this make sense to you? Many people find that how they feel at this stage strongly determines their success. If you do not feel confident or comfortable, you should change things around until both your goal and your budget/schedule feels right to you.

Go ahead! Set your goal and your schedule, then click here to find good partners for product sourcing for Ebay.

Remember that to make money with product sourcing for Ebay, the wholesalers for Ebay sellers provides the products and performs shipping and handling while you do the sales and marketing.

However, you can’t do your sales and marketing in a vacuum. Especially when you are new, the fastest way to start making money is to sell what’s hot on Ebay.

Let us say you partner with a music CDs dropshipper. While the evergreens and golden oldies like Elvis Presley always bring in sales, does your partner react fast enough to also provide the latest chart-topping hits? This could mean the difference between scraping in $100 a month vs $1000 a month.

Here is another example: you might make good money every month by selling cat scratching posts and cat litter from a pet accessories dropshipper, but if you take advantage of seasonal spikes like the summer beach season, this could earn you a nice fat bonus for the same amount of sales and marketing.

Successful Ebay sellers do not fall into the trap of selling only what they like. They find the best items to sell on Ebay, even if they have to look for a new wholesale dropship supply partner.

One of the main reasons for you to do product sourcing for Ebay is because your dropship partner handles shipping and handling. Regardless of your experience in Ebay selling, this is an incredible convenience. However, you need to make sure your wholesale dropship supply partner provides the level of support you expect.

Here are some questions you need to ask your prospective product sourcing for Ebay partner:

1. Do you need to maintain any inventory?
The answer had better be “No!”

2. Do you need to pay postage out of your own pocket?
You should be able to pass this cost directly to your customer.

3. Does your partner charge you any additional administrative costs?
If they charge you an administrative cost, and you feel it to be excessive, ask them for a breakdown.

4. Do you have to pay any storage costs?
The products sit in your wholesaler’s warehouse, there is no reason for you to pay any storage costs.

5. How quickly does your wholesalers for Ebay sellers ship the product to the customer?
One day after receipt of payment is great, one week is not!

Product sourcing for Ebay is a good Ebay money making strategy. Click here to find a good list of wholesalers for Ebay sellers.

One of the easiest ways of making money in your Ebay business is to choose good wholesalers for Ebay sellers to become your partners. However, there are several different compensation schemes in the product sourcing for Ebay marketplace. This can often be a pitfall for the unwary.

One of the most common compensation programs requires you to set your own retail rate. The dropship vendors set a fixed unit wholesale price for each product they offer while you set your own markup.

So, in your Ebay auction:

Minimum acceptable bid = vendor’s fixed unit price + your markup

Every time you sell a product, you earn at least your markup. This type of scheme is straightforward and easy for you to track. However, there are other compensation programs in the marketplace, so you need to read the fine print.

Here are some questions you need to answer about your vendor’s compensation scheme before you sign on the dotted line:

• Is payment by check only? Is direct deposit available?
• Is there a minimum amount you need to earn before your vendor pays you your commission? Do you need to earn at least $100 before they start paying you? While $100 is common, $500 is excessive.
• Do you need to handle taxes yourself? Or will your vendor withhold taxes on your behalf?
• Are you required to make a long term commitment? For example, do they want you to produce 3 consecutive months of sales before they send you the first check?

Product sourcing for Ebay is a good Ebay money making strategy. Click here to find a good list of wholesalers for Ebay sellers.

To be a successful Ebay seller, choosing the right product sourcing for Ebay wholesaler partner is vital to your business. You need to give yourself a deadline for finding your dropship partner, then take massive action to find that partner.

So, what do you look for in your wholesalers for Ebay sellers?

• Must supply good quality products – critical to your Ebay reputation and long-term business success
• Must deliver the goods to the customer quickly and accurately – we are looking at shipment within one or two working days after receipt of payment

These are the two minimum requirements your wholesale dropship supply partner must fulfill. They need to do these 2 things well, so that you can concentrate on getting customers.

If you have to worry about whether your customer received the goods, your business is hosed. If your partner is not reliable, replace them. Do not let their smooth-talking representative talk you into continuing a bad partnership.

If you are new to selling in Ebay, you should also add the following criteria:

• Provide you with lots of support. For example, advice on who are your prospective customers and the best ways to promote and sell the products on Ebay.
• Preferably, the dropshipper should assign a representative who can give you good advice.

Realise that the more support you get, the lower your commission is likely to be. If your partner’s advice or support turns out to be useless, find another partner. Remember that you are indirectly paying for that support and advice. If your partner cannot deliver on all their promises, then ditch them and find someone better.

Need help finding a good partner? Then click here to learn how you can find high quality dropship partners for product sourcing for Ebay.

Product sourcing for Ebay is a good way to make money, but you need to find the best deals for you. There are many wholesalers for Ebay sellers out there, and they do not all work in the same way. Even for the same product line, different companies offer different quality of product, with different levels of commission and support.

Before you pick your wholesale dropship supply partner, you need to do some due diligence to find out what you will get out of the relationship and what you need to offer in return. When you are starting out, it is a good idea to pick a company which offers you more support, even if you get less compensation. Once you know the ropes, you can always switch to a company which offers a higher commission.

Sometimes, you may find it worthwhile to make a tradeoff – get a lower commission but have a better selection of products. You earn less, but since the same dropshipper supplies multiple products, you also need less record-keeping. This can cut down on a lot of paperwork, leaving you with more time to concentrate on selling the products on Ebay.

In general, the more support your wholesaler partner offers you, the less money you earn. Once you have a few years of experience in Ebay sales and a successful track record, you may even find yourself negotiating a more favorable deal with your dropshipper. This is when you move from making a living on Ebay to making your fortune.

Click here to learn how you can find the best deals with product sourcing for Ebay.