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    1. harry211 is offline

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      #1

      New Business Start-up Tips How to achieve success in your new online venture

      Starting a business seems really hard; I have tried selling a few items on ebay, however I would like to take it to the next level. It seems I spend a lot of time looking for a product, then the price is'nt right and I can't make a good enough margin. I feel like I'm failing at the first hurdle, any tips anyone?
      Over 150,000 Verified Sources + Deals 95% Off MSRP + Free Website!

    2. MissWholesale's Avatar
      MissWholesale is offline

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      #2
      Hi Harry,

      Welcome to Wholesale Forum

      The most important aspect is that you find a viable niche market, one that justifies the initial efforts and that is sustainable over time. A market segment that strong enough to sustain a business in the long haul, but that isn't too big to attract the interest of the stronger players.

      Selling a product which fulfills a ‘real’ demand in the market and that you are particularly passionate about is also a plus, because passion makes effort feel less of a burden. Passion also gives you the necessary drive and determination to confront any challenge during your start up. If you are passionate about a niche, you will also have an easy time gathering product information for product research and to pass on to your customers in you sales copy and after sales support.

      You initial step should be to find a good niche market, which is indispensable to your success and to the survival of your business in a highly competitive environment like eBay. To learn more about the significance of finding a niche for an online business start-up like yourself, have a look at the following threads:Once you have found the right product(s) to sell, the next step is to devise a good business plan based on realistic market research. This will involve brainstorming on aspects like – your ultimate objective, potential roadblocks and their solutions, financial - your sales and expense forecast, competitor strengths and limitations, marketing and promotional requirements, and proactive measures for continual growth of business.

      To find suppliers/manufacturers, from whom you can source your desired products at wholesale will prove tough as there are thousands of options available online and it is difficult to differentiate between genuine wholesalers, middlemen and scam suppliers. Picking up and verifying each random supplier can be extremely time and money consuming process.

      Using trade directories of verified sources is a great way to find new trade suppliers from thousands of niches, as all the sources listed have already been checked for legitimacy before their inclusion. The two largest trade directories in the UK of verified wholesale suppliers are eSources and Wholesale Deals. Both list tens of thousands of verified wholesalers, distributors, manufacturers and drop shippers. To guarantee a successful start up for your online business eSources also offers a complete package with additional benefits including:
      • Unlimited free eCommerce websites with free hosting;
      • Free eCourses on how to start a successful eBay business;
      • The eBay Business Handbook delivered free to your address;
      • Free eBay Market Research Credits.
      You should also read the threads below for more information about the best wholesale and drop ship sources available online:As you set your roots into your new venture, take every level of care to regularly study, monitor and control all activities of its operations. Your continuous vigilance and proactiveness, coupled with regular, in-depth market research will help you achieve tangible results in a short span of time, thus taking you way ahead of your competitors.

      To find some more information on succeeding in your new online venture, see the following threads:Hope this helps
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    3. Radinasa33 is offline

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      #3
      The next step in starting a new venture begins with listening to the marketplace. Define an unmet consumer need first, before you develop a product to satisfy that need. Regardless of how astute you may be in business, if the market isn’t there to support you, then you cannot expect to go very far. However, the majority of entrepreneurs first come up with a product they think is “hot” before determining the existence of sufficient demand for the product. You may have the most exciting product in the world, and people might think that it’s the most interesting thing they’ve seen in a decade, but if you can sell only a handful (to your immediate family and in-laws), you are probably doomed to failure. In order to verify that there is a need for your product, you must test the market by conducting a variety of market research.

    4. Thank you for this post:

      mahesht (04 Dec 2017)

    5. Bluebear1234 is offline

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      #4
      The main tip is to never give up. It's so easy to get discuraged simply because you can't get it right the first time. Don't let little hiccups be something that stops you from your success. Instead Keep Moving Forward and learn as much as you can to avoid mistakes that might come your way.

    6. Thank you for this post:

      mahesht (04 Dec 2017)

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