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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.

jeffandmel

Thank you for your information it is so helpful

vclee008

Hi everyone, my name is Vincent and reside in Malaysia. I am new to salehoo and was hoping I could start out by dropshipping and when I reach a certain point I could take that money and invest it in buying in bulk volume or in liquidation form. However, anyone please kindly to guide me how should i get started with dropshipping? For example, once i found a supplier and interest with selling their product (in salehoo), do i just cut and paste all the relevant product information (usually on their web site) and paste it in ebay or my own online store hopefully to get orders globally. once order confirmed from the buyer (in email) and payment made, then only i contact the supplier via email with the buyer information in order for them drop ship to the buyer? Is this how it usually works? I do have ebay.com.my (Malaysia) account and i also have paypal account. I need your help and advice, thanks

rxie12

Hi,

I'm new and learning :) .

I plan to get Macys Profit Packs to start my online biz.

I have questions on how to pack and how to ship those products to my customers without any damages, and how to calculate these shipping handling fees? Where to get the fillings /boxes for packing?

Another concern is the return policy. How do you guyes handle it? Do you accept the return item if the customer opened it?

Thanks in advance,

Rebecca

tom1981

HI anyone that know any wholesalers ore anything in norway??

tom1981

HI anyone that know any wholesalers ore anything in norway??

topdeals08

How do I use Firstdata.com for a alternative payment method instead pf paypal if Im selling on ebay?

jimmy_huber

How do I use Firstdata.com for a alternative payment method instead pf paypal if Im selling on ebay?

When you setup an account with first data they will set you up with securenetshop shopping cart. It integrates with ebay so you can add payment links into winning bidder emails and you can even put the payment link on your auctions.

jg42122

Hi my name is Jason I am 31 from usa and I just purchased salehoo today and I have to say I was real hesitant about signing up because some crazy guy was really bashing this site on the net .However I am glad I did .I started using e bay a while back 5yrs ago I guess I sold for a while and made a lot of purchases,but with all thats happened with e bay lately I got sick of it so I created my own online auction site for my family and friends to list stuff and try to sell I have actually had some small success with alot of advertising I have actually sold a few things and it has only been open a month so to me thats ok because I am just kinda in a trial phase with it to see how it works ,looks, adding the products which takes forever and just learning about what this is all about .I would really be interested in finding a good supplier of computer ram I know its out there because I see it on e bay all the time and I am also looking for childrens clothing.Thanks

t0psales

Geez, so much info, I am also a newbie but have been selling on EBAY in aust, DGSJKELS.

Now a dilemma, wwhat to sell, when to start, how do I design a smart attractive ebay store when I myself are not creative?

Electronics seem to be flooded, I have something in mind but need to research it first, where do I start to research, failed school, $120K in debt, need to focus low, set a low goal, $100 per week would be nice, can't afford stock, thinking drop shipping, is there some sort of lower limit of sales per month, questions questions questions, I have many.

Whats affilate marketing?

ak1997

hello i'm a new member at salehoo....thanks for the insight. i have one question ...i was searching for websites that provide mauri shoes and fenix at whosale prices,but couldn't find that was satisfactory. could you please give me some sites or suggestion....

thanks

adekale70

Thanks a lot for your advice. I am new to this forum, I am looking for the best deals on laptops, digital cameras and mobile phones.

I need real serious and best deal suppliers.

zadagirl28

Hello and thank you for the advise. I am a new member and I am still in the research stages of doing business online. I have sold a few things on Ebay but the fees between Ebay and Paypal add up quick minimizing my profit. I would like to set up my own websites and sell on other auction sites. I have researched some merchant accounts, website hosting, and affiliate marketing but I was wandering if anyone could help me out with finding some tools that can help with marketing and the optimization of my websites. Any information would be greatly appreciated.

I am still brainstorming what exactly I am going to sell on my websites. I have been told in the past that I should sell things that I am interested in but I have also been told that it doesn't matter what you sell it is the marketing that gets people to your site. Is this true?

turtel825

Hi everyone, was wondering if someone could point me in the right direction. Does anyone know of a reliable Dropshipper of PS3 or Xbox 360 inside the UK.

Cheers

Dan

wcs

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.

This 'Myth' is quite frequently true. I've been involved in a number of industries where the wholesale price is around 50% below retail. Margins can get around 10% to 15%, but not the wholesale pricing. If you're just starting out in an industry where your wholesale price is only 10% less than retail, you're in for a lot of trouble. You'd have to move a LOT of volumn to make it worth it.

people6

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.

then why is there an entire catoragy on dropshipping? is there people out there who have made money from a reputable dropshipper?i'm just saying this as i'm new thanks :?:

zahra

Hi there everyone,

My name is Zahra Ismail from Canada,so I just signed up for SaleHoo today and I am currently running my own website selling electronics such as cellphones, Ipods, gaming consoles, dvd players and much more. I am hoping to increase my profit using the tools provided here and any advice that the forum users can give me. I am also considering using ebay in the near future. I trying to increase my inventory so if anyone can give my suggestions on Great dropshippers that have laptops (notebooks), LCD flat screens T.V's, and verity of gaming consoles and games please let me know if you can help.

florenceh4636

Hi and thank you - reading the forum here has given me a whole new pespective of dealings with paypal - and I am very happy to know there are alternatives - and hopefully not so costly.

I am new on Salehoo - and considering what to sell!

I had an ebay store a couple years ago but too expensive!!

Florence from Canada

zcrazi

Hello, I'm new to salehoo. It's great to be here. Thanks jimmy for your valuable advices. Electronics are my passion, so I'm here to find electronic goods and I want to ask if anyone could point me in the right direction for the best electronic suppliers with the best prices. Interested in mobile phones like iphone and nokia, wii games, bluetooth products and etc. Thank you in advance for your help.

Best regards

zcrazi

Best regards

qureshimq

Hi,

Dear friends

I m looking a reliable dropshipper to start my store front I m new in this buisness and I have no Idea what to sell I just decide some product Is any one there who help me about it. I want to sell sun glasses,fishingear,digital frame , poster and art framing

etc,

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