I see many new messages every day with new members looking for the best wholesale deals and what companies to get them from.
Most of you don't even think to imagine that your best wholesale deals come from the same place you want to sell on.
You can buy every wholesale list and guide on the internet but you will find the best deals right on Ebay.
Just click the BUY tab and Search for any product line your interested in and Add the Word or words: "LOTS" or "WHOLESALE LOTS"
The same online wholesalers are selling the same items on EBAY for generally less then they sell them on their own websites because of a much faster turnover rate for their Overstock, Closeouts, and Liquidation Products.
First thing first research your products. Don't get screwed out of your investment by making a big mistake on your product line.
My advice to you on one big thing. Stay away from top brand name electronics products or you will get washed away. Statistics show that 75% of new Ebayers try to sell heavy items like Digital Cameras and Computer Parts that are high in demand. The very same statistics show that 90 % of those new ebayers give up in the first year because they lost way too much money trying to sell the products and got eaten alive by the hidden end of item charges that eBay stamps on you for high dollar items.
The average Ebay newbie will try to find a product from a dropshipper or supplier that can supply the product for lets say 20 bucks lower then the average selling price on eBay. They spend about 5 bucks to list the ad and more if it doesn't sell the first time. Let's say the item in question is a laptop PC. The seller can get it for $1,650 from a dropshipper. The average selling price on eBay is. $1,700.. The new seller goes “ahah I can make money on this, 50 bucks is a good profit.” They then list the item and well it sells for $1,700. The seller would quickly assume hey I made 50 bucks. Well a month later they receive their eBay invoice and it has a fee of $69 dollars for the closing value fee and then paypal hits you with a $30 dollar processing fee for processing the credit card transaction.
Well it looks like the seller is in trouble. He didn't make any profit at all but he sure lost alot of money. On top of that before he actually realizes his Mistake he's already sold 30 Items of High value thinking he made $1500 bucks only to find out he owes eBay and paypal $2970. When he can't pay his account, it gets closed and he loses his interest in eBay and sticks to his 9-5 job.
If you're new to eBay stay away from high dollar items until you can buy the items at rock bottom prices.
Start small and buy your wholesale directly from eBay.
In addition this is another way we suggest you look into this area: eBay Arbitrage - "Buy Low, Sell High"
Arbitrage means buying commodities low in one market, and then rapidly selling them again for a higher price in another market. Arbitrageurs take advantage of differences in price and demand in different markets to make money.
On eBay, arbitrage involves buying hot items at lower than usual prices and then selling them for a profit - either on other auction sites or offline.
Generally, the most successful Arbitrageurs make money by buying and selling in specialized areas - areas they know something about. For instance, someone who is passionate about buying and selling cars will likely know other car enthusiasts. Thus, if they manage to buy a mint condition vintage car part at a bargain price, then it's highly likely they'll know exactly who would be interested in buying it off them. The key to successful arbitrage is being able to turn your items over quickly.
While it's not essential to be a specialist, you do need to know your market. Some arbitrageurs do very well simply by buying items that are selling for low prices just because they are not reaching the right audience. By re-marketing the item, they can attract a more interested audience and profit accordingly.
Think of vintage posters for instance. While there are collectors of vintage posters, there aren't that many of them. However, there is a much larger market looking for home furnishings and art. So many people want to find something a bit "different" and interesting to hang on their wall. Targeting this audience might be much more lucrative.
