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Novatech Wholesale - prices too high for resellers

jraw

If the prices are lower on amazon and Ebay then you should probably source from those sites instead. Just a thought.

carolyngaza

novatech is looking for people to list product on websites but they don't have enough product

plus their description is misleading

i would have had buyers if the description was in full

carolyngaza

Does anyone have any feedback on novatech wholesale. Any advice would be appreciated. Thanks in advance.

their customer service isn't great kinda cold shoulder they don't keep more than 10 cell phone and the phones don't have full description

chellesonline

I've also been researching NovaTech, I like the website which is easy to get around in and find what they have. The membership was free but if you want to use the ebay/Amazon lister then you pay a monthly fee to use it which does make it real easy to push products to ebay/amazon, sort through the products with a filter and you can add many listings with one click of a button as I pushed 33 products to ebay all at the same time. I've paid for a month to try it out for 30 days but I don't see too many sales if any because the prices are way too high. And I just found out that they are my competition on ebay as they sell there too. I doubt that I continue past 30 days. I would not recommend NovaTech until the prices come down as that is the only bad thing that I see about NovaTech.. Will report back in 30 days about my experience/sales.

oboy-evi

this dropshipper prices to high

stormymay

The prices on novatech are just like a lot of distributers out there and on this site, incredibly high for the reseller to compete on amazon or ebay. If you buy the pro subscriptions you'll find very few items that can be marked down enough to sell and the profit margin is laughable. You may catch the occasional buyer who hasn't researched the price comparisons between you and others. Don't fall for the comment way above about how to sell because think about it, if you let an item sit for a year and you've purchased a subscription for pro ebay and pro membership that is $90 a month for a year to sell one item. So you could spend $1080 to sell one item and I don't see anything on there that profits over a grand. They'll give you the line about their "thousands" of customers but if you do a good search around the net you'll see a lot of people that feel the same way about this site. It even caused a fraudulent takeover alert on ebay for me that shut down all but two of my listings that Larry helped me out with by resetting my account which I appreciated but in hindsight they took absolutely no responsibility for causing it in the first place. The hassle I had to go through with ebay about this afterward alone made this site not worth it. I wish I had researched it further before I purchased an account because this site is only there to profit itself not at all for sellers, that's why it is out there competing with all of it's thousands of customers. Be careful on salehoo and research all of these companies deep because if you sell on e-commerce there are quite a few that can't be used for amazon or ebay because amazon especially has the prices through the floor.

genuinesales

Hi Novatech

Your idea of keeping the product for a year only make sense if you don't charge monthly fees for listing your products else it is a scam.

Charging listing fees clearly tells us that you don't have enough trust in your prices and want to make money out of your customer on monthly subscriptions. Truth is, it is infact a way to fund your development expenses from customers.

Same products are listed at way lower prices as compared to auto listed products from your tool.

Also, what is stopping you to list your product at low prices at ebay and amazon. It will automatically not let other customers products not sell at all.

I recently subscribed to your website and it clearly gives me no confidence. Monthly subscription of your tool is scam. Its a way to fund your development charges of product which you guys are using to sell yourself. It is on no use to sellers like us.

Only reason re seller like us to go to wholesaler are to get good prices. Your prices are higher that retail.

Explain above comments if you can.

beachdisney

Hi All.

My experience with Nova Tech is like so many others on here. I uploaded 100 products to eBay for 30 days. 0 sales. little interest in the form of views. I was out eBay fees and the upload fees.

The only benefit was, I could use those expenses as a tax write off. Sorry Nova Tech. But the truth is the truth. I will not return.

Dale

alitechres

Look what else i find on ebay when search for an item
Link hidden: Login to view ... 7675.l2559
Your on there competing with your own customers.

WOW I was very close to signing up with them. Literally VERY CLOSE until I read this. I even spoke with the owner and though he was very very helpful an nice. I cant see myself using a company that competes with its own clients like that. Its definitely not right.

nilam

Guys to open a real business. I mean real business accounts with real suppliers takes a EIN number and sellers or business permit from your state. Then you would have to show capital or some sort of sales to different suppliers to approve you to sell there products. Real suppliers are strick to the point, that they want to see you follow there protocols and there MAP policy. How do you know Novatech wholesale is a joke? They never asked you for your sellers permit or EIN. If They actually sold it to you at dealer pricing then they need to report your business by taking your EIN number.

EIN IS FREE. Just go to irs.gov and sellers permit is free to, just go to your state. Guys do it right. I believe if you work with shady companies your reputation will be similar. Kind of like the friends you pick in life. Fyi this says alot about salehoo :)

I truly hope this helps some of you. As I had to work crazy for the first 2 years of my business went in loss but made it. Good things take time. Somthing to good to be true its excatly that.

emmhfine

I can understand your concern about pricing, but let me point out a few things. There is not a wholesale company out there that will be the cheapest on all their products. Some of the products will be the cheapest and some will be higher than the competitors. We have 3 different types of products.
1. Brand New of the latest and greatest model. (these products will bring eyes to your site, but do not have much of a profit margin)
2. Class A Manufacturer Refurbished. (these are factory refurbished, include a warranty, and look like new, these have a really nice profit margin)
3. Brand New Liquidated items. (these are brand new, but they may be the model from a year or years ago, they don't have a lot of competition on eBay, Amazon etc and they have a great profit margin)
Only one company in the world can be the cheapest on any given product, but they will eventually sell out, or people will not want to buy from them for one reason or another. Price is definitely a big player in sales, but its not the only player.

NO CHANCES AT ALL ON AMAZON!!!!

emmhfine

No but you need to be somewhat competitive. No one is going to pay 50 for an item they can get for 20

OR 20 FOR AN ITEM SELLING AT 3.99

emmhfine

DONT BOTHER JUST A WASTE OF TIME AND MONEY

jispers1

Does anyone have any feedback on novatech wholesale. Any advice would be appreciated. Thanks in advance.

I saw your feedback with Novatech wholesales. My advice is good luck. I looked into them and they have poor customer service and there prices are to high to resell. If you have a platform like Ebay, Amazon or others that charge a fee, then Novatech offers a 15% markup fee as a fail safe, but to get the best deals you have to pay $40 a month and your product with the 15% M-U will be the highest priced with competition, which means harder to sell and harder to cover that $40 overhead. I called Support team and the Sales team ( all the same guy) then called the Supervisor who is right next to the sales and support guy to report the other guys behavior, His customer service was a little better, but not enough to attach my company with them. They are really going to have to revamp their company if I was to go with them.

jispers1

I find it hard to believe anyone is buying from novatech and making money selling on ebay or anywhere. IF anything people are buying from novatech for their own personal use.
I just looked at 10 items and everyone of them is cheaper on ebay. They had a brand new item listed for cheaper then a refurbished item of yours.
Then you charge $ to dropship
I looked at a cell phone case for $14.03 and shipping is $17.10 plus a 4 dropship fee which puts the price well over $30
What do i find on ebay for $19.95 free shipping the same exact item

I found the same exact thing. Im glad you called them out on it.

I didn't think about the competing against each other but it makes sense.

jispers1

90% of the people here are looking fro dropshippers to sell to. Most will not be selling 11 products in one order on ebay. For a cell phone screen case to cost 17 bux shipping, you should offer usps for small items.
I am still searching amazon and ebay and have yet to find one item thats not cheaper on those sites. Most are cheaper and offer free shipping. BAsically your a discount store not even close to wholesale

I can literally buy a product on ebay with free shipping and resell it and make better profits with the prices Novatech offers and make better profits

jispers1

There are many reasons why we don't use USPS for most of our products, the top being the numerous times USPS "forgets" to scan packages when they are picked up or "forgets" to scan when they are delivered. If we are drop shipping we need to be able to prove the package was delivered, our marketplace sellers also need to be able to have reliable tracking for their customers, as the lack of scans can cause serious problems to your marketplace reputations. UPS/Fedex insures the first $100 for free, USPS does not.
You don't have to be the cheapest seller on the internet to make sales. If that was the case there would only be one company in the world for any one particular product.

You don't have the be the cheapest, but you do have to be competitive. I shipped USPS, UPS and FedEx and here's my experience

USPS is on time and dependable with poor slow resolutions with, UPS is terrible with delivery and FedEx is cheaper with bigger products, but break stuff easily, but they have quick refund policy

The higher your product price, the harder it is to sell. This makes product sit on the shelf for longer and when your paying a $40 a month fee to get your prices and product is sitting on the shelf, then your loosing money, not making money.

I agree, I chose to stay away from your company because I could not find a profit margin unless a charged my customers the highest prices on ebay. I can buy the cheaper offers on ebay and resale them for the prices you suggest and make better profits without your $4o pro plan a month

jispers1

You would be surprised, there are many factors that a customer would pay more, such as item location, bad history with other sellers, your customer service, availability, your presentation etc. A few years ago we had a consignment shop and a lady brought in a china set and she wanted $1200 for it, We researched it online and found several sellers selling the same set for $350. but the customer wanted us to list it anyway, It took 9 months but it sold for $1200. It only cost us $0.45 in listing fees to keep it on there for 9 months ($0.05 x 9), but the end profit was well worth it.
If you don't have any money invested in the inventory you can let it sit, it will sell. I don't think there is one product we have that you couldn't sell at least 1 a year of (at your $50 vs $20 pricing) and with 30k+ products that can add up to a lot of money.

Your right, there are many factors, but you don't offer any that others don't offer and some offer better. Location has little to do with it unless your shipping from another country and sellers history is not something you offer. As a matter a fact, a persons good selling history is your benefit and not something you offer, so it should a charge that we offer you to sell your product. I already have powerseller status, good history and customer service and I can buy product on ebay cheaper and resell for you suggested price and make better profits.

You don't take in to fact when you say that you don't have money to invest and it sits on the shelf, it will eventually sell, and of course your right in that respect, but not before your monthly fees to get the price and ebay fees to own the store don't eat up any profits that you would of made. If I put 10 of your suggest products on my page and all take 3 months to sell because of the highest prices. then I would have paid $40 x 3= $120 for your fees not to mention the fees for Ebay and mine is $59.95 a month x 3 = $179.85 for a grand total of $299.85 for 3 months

Now if I sold items at 50 instead of 20 as you say. I would have to sell those 10 items just to break even. You make money, Ebay makes money and shipping makes money, but I dont. In 9 months like your story, I would have to sell that china at $1200 because it would cost me $899.55 just for that item to sit on the shelf for 9 months. You would actually make more money selling that for $350 in one month. Your not taking all the factors in to play. Inventory sitting on the shelf is not free as you claim.

jispers1

I am picking some items and listing them. Hopefully i can make some sales. look me up on their rhoproducts

Let me know how that goes.

jispers1

In december i was told i was losing my job in march. Yesterday i was let go. So im trying like heck to bring in a little money

Im sorry to hear about your sitituation and hope that this post comes with good news. SaleHoo is an awesome company, but Im leary about Novatatech

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