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Welcome to SaleHoo (New members Click Here)

Jimmy Huber · 2008-04-14T02:28:26+00:00

I want to go over many things with new members and teach you a little about the marketplaces in which you are trying to get into. We are going to go over many myths that many new sellers come here believing Myth #1 Wholesale Is 50% or more Below Wholesale Pricing. This is one of the biggest myths that many people believe. In reality. Wholesale is only 10% to 15% Below Retail Pricing. This can be much lower if your looking for wholesale electronics. So consider this when searching for a wholesaler. Myth #2 Designer Goods are the best thing to sell on eBay. Another myth that is widely exaggerated. In reality designer goods are the hardest product to acquire. If your lucky you can acquire authentic goods. But you will not sell them for massive profits like you may believe. Designer goods are very high risk especially for new sellers. 95% of suppliers online sell Very convincing Fakes. In many cases even the supplier has no idea they are fake. Myth #3 The best authentic goods come from China Absolutely. Alot of these goods are made in china. However chineese manufacturers are not authorized to sell these goods. If a chineese supplier has enough material to make 300,000 pairs of shoes. And NIKE GLOBAL only orders 250,000 Pairs. These manufacturers make the remaining shoes and sell them on basically a black market. Small chineese sellers that will sell them to you. These are not officially licensed by NIKE and are considered Fakes. You can get into alot of trouble selling these shoes. This is the situation with all Designer manufacturers. They cannot curb this problem but they still have their goods made in chineese factories because the labor for them is unbelievably cheap. Myth #4 Electronics is the best and most profitable field to get into on eBay Absolutely not. Electronics are the worse possible items to sell. Yes they are popular sellers. But not the most profitable for the sellers. Most of your sellers that are titanium powersellers make money on sheer volume. Not per unit. Most sellers only make a few dollars profit on each item. There are DVD sellers that make more money then a electronics seller. And DVDs are hardly profitable on eBay for a new seller. Myth #5 eBay is the best marketplace to sell my goods This has quickly become untrue. eBay is only a place to get rid of your stuff fast. But not without a loss of value on the item. Everything on eBay sells for below wholesale or way below wholesale. This has a lot to do with recent seller strikes. Changes to eBay's system that have made sellers and buyers leave in masses. And the fact that everyone buying on eBay expects to get everything for dirt cheap prices. And that many good products are flooded so bad on ebay the value of the item has died. It is still a great place to sell if you do your research. Other very popular sites are: Link hidden: Login to view Link hidden: Login to view Link hidden: Login to view Link hidden: Login to view Link hidden: Login to view Link hidden: Login to view Generally you can make more money on other sites then you can on ebay. Ebay still only gets 3% of the online shopping marketplace. Thats a big percentage to have but still you can do better then ebay. Dont let anyone make you think any different. Myth #6 paypal is the best payment processing service for US sellers Actually paypal is the largest but its far from the best. Paypal is geared more for buyers then sellers. Expect poor seller support. Never winning a dispute with a buyer and them letting every chargeback go through at your cost. Paypal also has the worst customer service department and many of their staff are trained to lie, and do anything they can to delay your requests. They are also the only company that has a proven track record of freezing your account and stealing your money. You can visit Link hidden: Login to view for more info on this. One of the best alternatives is Using First Data Merchant Services Link hidden: Login to view . It takes about 24 hours to setup. And you can use your own bank account. You can accept credit cards, fight charge backs yourself.And basically manage every financial aspect of your business without worrying about a frozen account or the high fees paypal charges. -------------------------------------------------------------------------------------------- Well that ends the most common myths of selling online. We just wanted to educate you a little before your quest begins. We recommend that many of you consider buying in bulk. Yes it costs some money. And we know that many of you have little startup money. But we would suggest you save up your money and buy in bulk then try to jump into something now and loose that money on products that offer no big potential but high risk. Buying in bulk and buying into liquidations is the most profitable area you can get into online. Dont fall for the dropshipping schemes you will find all over the internet. Most of them just arent worth it. Some make money on dropshipping but the majority end up loosing a huge amount of money. Liquidations is a 480 BILLION DOLLAR A YEAR INDUSTRY. Many people make a good living buying liquidated merchandise and reselling it. Alot are millionares after doing this for several years, being smart and making proper business decisions. This is exactly how I started myself and now I run a company that buys and sells truckloads of liquidated merchandise. I would recommend you review and read all of the stickies and Announcements on the forums as they will teach you alot. So once again we welcome you to salehoo and we cannot stress enough. If you have a question. We are a community of sellers. We are not just here to help ourselves and we are here to help others. We are a family here and we will do what we can to help each other. You will find out that the forums alone are worth the price you paid for membership. So dont be afraid to ask us for help with any situation that may arise.

mrpainter26

I know what I like to sell but how do I exactly use the dropshipping? I am thinking about Craigslist since I can't have an ebay account cuz my bro has one already and there can't be two ebay accounts in one house. Thanks!

raiderjake

you cant have more than 1 account per house? there are a lot of people who have more than 1 account, there has to be a way around this, anybody know?

fudjj

Yep, just set up different email accounts. You just can't use the same email more than one account : )

mrpainter26

i will try later see if it works. I told my brother the other day about openning an another account..he says only one per house cuz he already tried it before with different email and got deleted. But that was like couple of years ago. I don't know now maybe it has changed.

tahirms

HI. I am new to this website and I would like to make a profit on anything, so any help would be appriciated. Thanks.

raiderjake

HI. I am new to this website and I would like to make a profit on anything, so any help would be appriciated. Thanks.

well welcome to salehoo,

i'd say take some time to browse the suppliers list and read through some of the forums to help you get some ideas of what you want to sell, what market(s) you want to sell in (ebay, bonanzle, craigslist, etc) and what type of suppliers you want to go through, (liquidations, dropshipping, etc) and never be afraid to ask questions, marc, the new community manager, aka, fudjj has a lot of knowledge and is always willing to lend advice when he can, i bug fudjj constantly!

fudjj

HI. I am new to this website and I would like to make a profit on anything, so any help would be appriciated. Thanks.

PM sent :)

egor0-3

Hi, all, egor0_3 aka Rich from the uk looking to start ebay as second income, although I had an account for a while nothing much to show,

any advice welcome.

fudjj

Hi Rich, welcome to the site.

I suggest you have a good read through the forum, you'll find plenty of advice that will serve you well in your I'm sure.

Any specific inquiry, just pick the relevant subject category and post for other members to leave you some input.

egor0-3

hi fudjj

thanks, am looking around at wholesalers for now and see what occurs.

rich

fudjj

Cheers Rich, just yell out if need help with anything.

jandm1971

Hi. My wife and I are new to SaleHoo and new to all of this. However I spent a lot of time doing research and was very impressed with SaleHoo. Our plans our to start selling on e-bay and then maybe opening up an online store. We would appreciate any help and advice you all could give us.

Thanks,

Mike and Jeanne

fudjj

Hi Guys and welcome to the site.

I'm sure you will gain some valuable knowledge from reading through the forum on various topics, however just post any specific questions you may have and we will all do our best to furnish you with answers.

Cheers.

gbhsales330

Hi I am new to the site, but i have been trying to make money on ebay now for about a year now. I have already been burned a couple of times. I want to sell watches because i like them myself.

Could you give me some advice in this area? Can I make money selling watches. What would be the best way to go at it?

fudjj

What sort of watchers are you looking at, designer names, classic good quality brands, cheap and nasty?

gbhsales330

I am looking to sell good quality brands. They don't have to be the very top end like rolex. watches like timex casio citizen bulova fossil

elgin in that range. I happen to like watches and i would'nt want to try to sell something that i would'nt want myself. I have a little start up money to buy in bulk. I just need alittle advice of who to deal with. I really would appreciate your help Thank You.

fudjj

Liquidations would be the market that I would suggest offers the best potential, however I don't have any information on current loads. I would also suggest you take a look at Link hidden: Login to view.

They may have something publicly displayed that interests you, however I suggest emailing Jeff and asking what package deals they have that are not displayed.

Some gear gets moved without ever making it to the site. Give him some details about yourself, your budget and what not, and I'm sure he will be happy work in with you if possible.

You can also direct an inquiry to our support staff to see if they can supply you some leads.

support@salehoo.com

mr-atini

Hi everybody

Recently joined the community (which i think is great by the way - so much advice and everybody willing to help!).

As my first venture am looking for a supplier of plant window boxes and garden urns that ships internationally. Have done an initial search and there is one that supplies great stuff but does not ship internationally. If i were to do business with this one is there any way i could restrict my market just to the US given that am in the UK?

Any pointers on this would be greatly appreciated.

Again thank you for being so willing to help others.....

fudjj

Hi, and welcome to the community...glad to hear that you like it!

I would suggest taking a look at a mail/parcel forwarding company based in the US. That would give you a US postal address, then allowing you to purchase from any US supplier and have the products shipped to you.

You could discuss options with the company about having them redirect the packages to other addresses as well, giving you the freedom to sell anywhere without the added shipping of having to come to you first.

Not sure if anyone actually provides that type of service, but I think it would be well worth while taking a close look at the options open to you through those avenues.

Cheers

mr-atini

Thank you Fudji, i will look into that and let you know how i get on

Best regards

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