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    1. strydom is offline

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      #1

      Having trouble finding something to SELL!

      I have been looking and looking and just can’t seem to find something to sell …

      Has anyone got any ideas that they would like to share with me?

      I have looked at clothing and I’m still not sure on that because you need to be like a pro seller and all that to sell in that category.

      I just want something that will be cheap & easy to deliver but will have good profit margins …

      Doesn’t everyone? :L

      I was thinking about DVDs but the market for them is so great that I don’t think I would do any good.

      And I don’t have a big budget so I can start with let’s say iPods/iPhones.

      Please if anyone can give me any suggestions on what is selling at the moment or what they think would do well in the market it would be greatly appreciated.

      Thank you …
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    2. WholesaleForum's Avatar
      WholesaleForum is offline

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      #2
      Hi Strydom,

      The first question is, how much money do you want to make?

      The answers will follow, each with its own level of complexity and required effort.

      PS: if you have a low budget, forget expensive items, focus on small, light items that will allow you to triple/quadruple your money. Then, once you have grown your budget, you can look at other markets. Remember that if you sell products that are easily compared to those of your competitors (ie products that are the same or very similar to those of your competitors), your customers will find it a lot easier to compare you to your competition, which brings down your profit margins. Another secret is to anticipate trends: we hear UK resellers made a lot of money from snow sledges this year, and the resellers who made the most are the ones that anticipated the trend. How did they do it? Simple, they read weather forecasts ahead of everyone else, and brainstormed the products that would have increased in demand as a result.
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    3. strydom is offline

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      #3
      Well i would like to make as much money as possible

      And i understand this but now that the snow is gone and it’s just the cold and rain what is there to sell?

      I don’t really care what it is as long as it sells and it makes a good profit

      Also like you said i want to start of small because i don’t have a very high budget and something that is small and light weight would be an ideal product.

      I understand all of this that you are saying but i just can’t seem to find anything to sell :S

      There are so many good things to sell but the market has already been populated in those areas.

      Also I don’t really want to sell something that I have to go through loads of legal stuff with, for example the UGG boots.

      I just need some fresh ideas really …

      Been looking and looking so much that my mind has just clouded over now :Z got no imagination left

    4. WholesaleForum's Avatar
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      #4
      Hi Strydom,

      The first step is to forget about branded goods. We realize it may be difficult at first, but if you ignore branded goods completely you are already half way there.

      The second step is to be an avid reader of news and magazines related to your industry. Ignoring branded goods doesn't mean that you cannot enter an industry that is dominated by branded products. For example, the gaming industry has thousands of unbranded or little known branded products that are compatible with the main consoles. You avoid the high cost of branded goods, you are able to source your products cheaper, you make your products less comparable to the branded alternative, and you are able to sell them cheaper than the branded version.

      To start you off, brainstorm the type of industries you are interested in. We would suggest to ignore unbranded clothing. What you want to focus on is products / niches / market sectors that are experiencing high demand, but where there is room for unbranded compatible goods, or unbranded goods doing exactly the same thing as branded goods, but that will cost you less to source and therefore that will end up costing less to the end consumer.

      Once you have brainstormed these ideas, post them here and we can brainstorm them further.

    5. strydom is offline

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      #5
      Okay thanks i will give it a go but one more question, how do you know what market sectors are experiencing high demand? I have read up on all the ways to do market research and most of them i just don’t understand?

      All i want to know is what the hell is selling in different categories, so what has sold the most units and so on ...

      I really don’t want to pay to get market research because i know i can do it myself and i have plenty of time to do so i just need a helping hand on what to look for and where to go in order to find out this stuff.

      Also you mentioned about finding an industry that you are interested in ...

      I don’t really have a pacific industry that i am interested in. If there is a good product in a pacific industry then i will learn more about it

      Thanks again,

      Chris

    6. WholesaleForum's Avatar
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      #6
      Hi Chris,

      You don't have to pay for market research.

      Think of it this way. You are small and light, and your advantage is that you can move quickly. You can anticipate trends much quicker than big corporations and large retailers can. That's where your opportunities reside.

      Are you passionate about gadgets? Subscribe to gadget magazines. Frequent gadgets forums. Are you interested in reselling cookware? Subscribe to home decor and cooking magazines to figure out what the upcoming trends are. Sign up to Google Alerts for your target keywords to receive updates on the latest keyword trends. Browse Amazon for the latest additions. Check your eBay competitors and figure out what they are making most of their profit from. Speak with your suppliers about what rumors they have heard in their industry. Visit industry specific trade shows (here suppliers often exhibit products that will only come to the market in 2-3 months time; if you order by air freight from your supplier you can receive the product a lot sooner and start selling it at a mark up).

      Also think about seasonality (St. Valentine's is coming up). Also holidays are increasingly international (for example, more people now celebrate Chinese New Year than ever before). The Internet gives you the opportunity to reach niche buyers cost effectively, and target them to buy your products.

    7. Thank you for this post:

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    8. strydom is offline

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      #7
      And once again great help
      Thanks a lot
      I will be sure to post what products i have found
      I’m now thinking of getting small unbranded gadgets, there are some really cool things out there so i am going concentrate on that and see what i get
      Also the gadgets aren’t all electrical some are just cool little gimmicks almost...
      Do you think this is a good idea?

    9. WholesaleForum's Avatar
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      #8
      It's a good idea IF:

      1. There is a demand for it, and;

      2. You can reach that demand cost effectively.

      Bear in mind demand can also be created, there are ways to generate a need in the mind of your customers. Does the gadget solve a problem? Who is most likely to experience that problem? Create a profile of your sample customer and brainstorm which venues or websites they are frequenting. Then figure out a way of reaching them.

      Many start ups think that eBay is the only solution, because it is a marketplace swarmed with buyers. Yet it is only as good as the return it can bring you. eBay, Adwords and any venue that can bring you sales quickly is first and foremost a great market research tool. A cheap way to evaluate the potential demand for your product (more so Adwords than eBay). A cost effective method to evaluate whether your evaluation of your target market is correct. If your projections are correct, you can then escalate your efforts by creating your own demand. You can create your own demand by visiting industry forums. Spending more on Adwords, and experimenting on new keywords. Creating your own content that brings buyers through your checkout. Advertising on niche periodicals. And so on.

      Brainstorm an idea, test its validity inexpensively, and then find your own ways to generate demand. Measure the effectiveness of each marketing effort, and then retain only those methods that are bringing you a return. Replicate the same for other products, and regularly monitor your products performance. Eliminate those products that don't perform or that cease to perform. This is, in general terms, what makes the difference between a successful resale business and one that has never tried.

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    11. alexpo is offline

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    12. strydom is offline

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      #10

      Quote:

      Originally Posted by WholesaleForum View Post
      Bear in mind demand can also be created, there are ways to generate a need in the mind of your customers. Does the gadget solve a problem? Who is most likely to experience that problem? Create a profile of your sample customer and brainstorm which venues or websites they are frequenting. Then figure out a way of reaching them.
      Can you please explain to me more about how to do this?

      I don’t quite understand what you mean by creating demand and how you would do it...

      Thanks again though

      Also I am having trouble finding wholesalers or drop shippers that are based in china … earlier you said that you could get really cheap unbranded product from there.

      I tried to search for some but it just came up with crappy ones that had pretty much the same value of stuff you would buy from the shops … not wholesale price at all :Z

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