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14 Sep 2011 12:34 AM #21
I think a lot of us new guys are in the same boat as the OP. It's a difficult decisions, especially when there are so many options and so little experience.
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13 Aug 2012 11:59 AM #22
RE:Having trouble finding something to SELL!
All selling products are profitable. Well, it's based on the commitments of the seller. In the beginning, it is normal for you to benefit a slow improvement on your profit but if you'll be loyal in your job, it will increase.
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13 Aug 2012 11:23 PM #24
ok, just quote one of this forum members 'words.
How well a product sells depends on many circumstances, including where you are selling, your marketing skills and budget, who your target market is, seasonal factors, income levels, your selling price, and so on. What you need to do first is to profile yourself, identify your strengths and weaknesses, and then determine how you can position yourself in the market. Then you carry out market research, to identify profitable opportunities. And finally, you need to match the opportunities to your possibilities, which you defined when you profiled yourself and your business.
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20 Dec 2012 05:22 PM #25
Without sounding negative, I suspect that you are finding it hard to sell something, because you are lacking in focus. As you have already found out, things that are small, light, cheap and offer good profit margins......... are sold on ebay by thousands. One thing I would say, is that the easier it is to source a product, then the harder it is to sell, let alone make any money out of it. Wholesalers, manufactures and importers worth their salt will usually set the bar high to access trade terms. They do this by setting first minimum order value high (say 2k + VAT) and insist on commercial premises for your enterprise (such as a brick and mortar shop, or warehouse space) to protect the value of their customers, and to prevent the RRP from being undercut to the point of genuine shops having to give stock away.
The only advise I would give to you is to focus on a product line that you want to sell, have an interest in (at the end of the day if it goes wrong, you will be the first to know, and you better know what you are talking about) and secondly to save the finances that will allow you to purchase either direct from manufacturers or as close up the chain as you can get.
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20 Dec 2012 08:09 PM #26Ideas by the bucketload
Hi Strydom and others searching for products to sell,
The comment by justgrow: " Wholesalers, manufactures and importers worth their salt will usually set the bar high to access trade terms. They do this by setting first minimum order value high (say 2k + VAT) and insist on commercial premises for your enterprise" led me to post this response.
In my little e-book on how to import direct from the factory I give specific advice on how to source small quantities at genuine ex-factory prices, and I also show where to locate a mind-boggling range of products to choose from.
If I were in your shoes one item I would consider is watches. When operating my importing and marketing business I imported small quantities of watches and multiplied my landed cost by 250% to arrive at the selling price. There are many other small things that are good sellers. Once you see them and think you can sell them, do your research.
Others have given helpful advice in this thread on how to research your potential market.
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