Welcome to the WholesaleForum.com! Sign in or Register Free to benefit from our full range of free services

Welcome to Wholesale Forum.comWelcome ToWholesale Forum.comFind wholesale buyerstrade buyers and wholesale offers free

For Buyers

Wholesale Forum is the fastest growing online business community dedicated to retailers, auction sellers, surplus and overstock buyers needing a quick and safe solution for sourcing trade stock. Join our free and friendly forums today and gain knowledge, offer your advice, and discover new partnership opportunities:

For Suppliers

For wholesalers, dropshippers, manufacturers, distributors and trade services providers. Advertise your business today on WholesaleForum.com for free to reach potential trade buyers on a more personal level. Promote your latest offers, interact with buyers in real time, distinguish yourself as an expert in your field, and attract sales instantly.

Sign up now More benefits for Buyers
Sign up now More benefits for Suppliers
    1. jacobriley is offline

      Join Date
      Jul 2010
      Location
      United States
      United States
      Posts
      19
      Thanks
      0
      Thanked
      0 Times in 0 Posts
      #1

      How to Make Money Online Selling Wholesale Merchandise

      Hi,
      Is anyone else realizing that the wholesale price is what you have to sell the item for? Ive been looking at all types of products (dog collars, pet beds, pet carriers, etc.) and every site Ive visited has wholesale prices that are too high. Ive looked at a couple of other things, and they also seem to be what you would sell for on eBay.

      Any suggestions?
      Over 150,000 Verified Sources + Deals 95% Off MSRP + Free Website!

    2. Mr. Moore is offline

      Join Date
      Jul 2010
      Location
      United States
      United States
      Posts
      28
      Thanks
      0
      Thanked
      2 Times in 2 Posts
      #2
      You are not dealing with a genuine wholesaler as wholesale operates on volume pricing, and price can’t be given until the wholesaler knows the volume you are buying.

      Even if you find genuine wholesale prices, you are then comparing those prices to a wholesale marketplace, which is what eBay is. So what you see is that prices will, if different, be pretty close.

      You’re wasting time if you buy from a wholesaler and then try to sell it for a profit on eBay where other wholesalers are also selling, which is what it sounds like you’re trying to do. Even if you buy in large volumes at wholesale to make a gain, you would have to invest a pretty penny for such a miniscule profit.

      Either buy directly from the manufacturer in quantity, or be prepared to make a tiny profit on volume sales.
      Want To Be An eBay Powerseller?
      This is the Service You Need.

    3. jacobriley is offline

      Join Date
      Jul 2010
      Location
      United States
      United States
      Posts
      19
      Thanks
      0
      Thanked
      0 Times in 0 Posts
      #3
      Thank you for your reply. Im a bit confused about the explanation are you trying to say that it is not worth it to buy wholesale?

    4. Mr. Moore is offline

      Join Date
      Jul 2010
      Location
      United States
      United States
      Posts
      28
      Thanks
      0
      Thanked
      2 Times in 2 Posts
      #4
      What I am trying to say is that you need to buy from the direct source, those same sources that are supplying wholesalers.

      The alternative is to look for a niche, and possibly get exclusivity for the niche on eBay. It could be an innovative new cushion, a new sleeping bag, anything. Find someone who has developed a new product and is looking for exposure. You will get exclusivity and a good margin, they will get product recognition in return. Just make sure you can prove that you will get them recognition: why should they go with you instead of a more powerful eBay powerseller. Play your cards the right way, study first, and then present your case to them.

      Or invent a new product yourself, it's not so difficult. Today you can outsource the conceptualization of your idea to third parties, you just need to come up with the idea and then find the people who will convert it to reality into a product. Then find a manufacturer who can produce the product for you at a good price.

      Just shifting goods everyone else is selling will not earn you much money, even if you are trying to sell in volume.

      Be innovative and you can make good money without fearing to have someone willing to earn cents per sale coming to eBay and destroying your business from one day to the next.

      Another idea is to take a jab at second hand items, they will cost way less, and will make you a better profit than any wholesale price can, if you know what to buy.

      Or try liquidated stock, it's an angle you can work that offers opportunities on sites such as eBay. But yet again, you have to know what to buy, and buy it in large volume to create a profit. There are many different grades of liquidation stock, from brand new to outright worthless.

      You can make money on eBay, you just can’t make it the way all the guides describe it. All the eBooks will tell you what you want to hear, not what you need to do.

      What you need to do to make money online and be successful is to be a bit more creative than the average man. If you think you are not the creative type, that's nonsense, creativity can be acquired. Just have an active interest in one thing, ask yourself:

      - what are my real interests in life?
      - which type of people would I like to help?
      - what are their problems?
      - how can I best solve their problems?
      - if I solved one of their problems, which solution would make me feel happiest and most satisfied?
      - will they be willing to pay for my solution?

      Then develop your solution and begin marketing it. And be persistent.

    5. ebaytrader is offline

      Join Date
      Jul 2010
      Location
      United States
      United States
      Posts
      35
      Thanks
      0
      Thanked
      1 Time in 1 Post
      #5
      What I have experienced from selling on eBay is, after all the fees you pay to eBay you really dont make a profit, or you might even be losing a few bucks from products when selling wholesale or dropship items.

      Plus if you work with a dropshipper or some other online supplier you have to check daily to see if the products are in stock or have been discontinued. Three days later you could have a wholesaler that discounted a lot of his products. It is a good thing to catch this and not have any sales from his merchandise.

    6. Mr. Moore is offline

      Join Date
      Jul 2010
      Location
      United States
      United States
      Posts
      28
      Thanks
      0
      Thanked
      2 Times in 2 Posts
      #6
      Let me say that buying wholesale and using a drop shipping service are two different things. I know that drop shippers like to call themselves wholesalers, but they use that name as a marketing tactic knowing it generates an image of inexpensive prices, when some drop shippers are the complete opposite.

      Yeah, some suppliers are better than others, but you would be better off messaging other forum members who are involved in the industry as to who is a knowledgeable WholesaleForum would be in a better mindset to give advice on that topic than I am.

    7. Fantastiko is offline

      Join Date
      Jul 2010
      Location
      United States
      United States
      Posts
      6
      Thanks
      0
      Thanked
      0 Times in 0 Posts
      #7
      What do you want to sell?
      How do you want to sell it?
      Do you have a tax id?
      Would you prefer dropshippers or wholesalers?

    8. jacobriley is offline

      Join Date
      Jul 2010
      Location
      United States
      United States
      Posts
      19
      Thanks
      0
      Thanked
      0 Times in 0 Posts
      #8
      I have been following some posts and Im highly interested in selling online. I have been looking for what seems like years but didnt know where to start. Im very much an outdoorsy type of guy who loves electronics. I dont have a tax id and would like to start out with drop shipping first. Thanks for all of your posts as they are very informative.

    9. WholesaleForum's Avatar
      WholesaleForum is offline

      Join Date
      Sep 2009
      Location
      United States
      United States
      Posts
      2,924
      Thanks
      83
      Thanked
      777 Times in 307 Posts
      #9

      Quote:

      Originally Posted by jacobriley View Post
      I have been following some posts and I’m highly interested in selling online. I have been looking for what seems like years but didn’t know where to start. I’m very much an outdoorsy type of guy who loves electronics. I don’t have a tax id and would like to start out with drop shipping first. Thanks for all of your posts as they are very informative.

      Mr Moore has submitted an invaluable post, read it carefully: https://www.wholesaleforum.com/wholesale-sourcing-discussion/1463-how-make-money-online.html#post4636

      1. Find exclusivity (either from others or invent a new product yourself, which will automatically give you exclusivity)

      2. Don't be like everyone else, or you'll earn what most other people are earning, which is not a lot

      3. Try second hand or liquidation. Be prepared to sort through a lot of different quality goods. Describe the product accurately when you list it, to avoid customer disappointment.

      4. Go with wholesalers when the product has huge demand: when supply cannot keep up with demand, you can still make money from wholesalers products. Learn about market research and you can profit from this method.

      If you want to have the products drop shipped, find a wholesaler who is willing to drop ship, or use a fulfillment company who is willing to stock the boxes you purchased from the wholesaler and ship individual units to your customers. Don't use drop shippers that ask for fees, they are 99% of the time deluding you that you can go on for the rest of your life selling products at miniscule margins. Build a proper business instead, where you are in full control and that you can grow into a truly successful enterprise.

      5. Develop a website with massive traffic and great appeal to customers, like Amazon, just smaller and more focused. This option will take some investment, but if you focus your website on a niche (dog collars just to give you an example), you will soon build up a loyal following who will recommend your website, and buy from you for a lifetime.

Sign Up Now

Got something to say? Sign up now and join the discussions.

Similar Threads

  1. Do people buy Underwear from eBay - Can I make money selling undergarments online?
    By Ebaywerks in forum eBay, Amazon & Online Marketplaces Discussion
    Replies: 1
    Last Post: 10 Jun 2011, 02:09 AM
  2. Practical Know-How On Selling Wholesale Merchandise Online
    By Otter65 in forum Wholesale Discussion
    Replies: 0
    Last Post: 17 Mar 2011, 05:14 AM
  3. How to make money selling cricket equipment - Buying and reselling sports accessories
    By windowslanguage in forum Starting & Growing Your Business Discussion
    Replies: 2
    Last Post: 30 Aug 2011, 04:10 AM
  4. Is there money in selling refurbished laptops online?
    By MikeM33 in forum Wholesale Discussion
    Replies: 1
    Last Post: 17 Dec 2010, 02:13 AM
  5. How can I use auction houses to make money with my Ebay wholesale biz?
    By kentuckyrose in forum eBay, Amazon & Online Marketplaces Discussion
    Replies: 4
    Last Post: 08 Nov 2010, 06:52 AM
  6. Profit margins when reselling on eBay - Making money selling wholesale products
    By Tomcat in forum eBay, Amazon & Online Marketplaces Discussion
    Replies: 13
    Last Post: 15 Jul 2012, 07:20 PM
  7. How can I make money from facebook?
    By Cleo2525 in forum Marketing, Advertising, SEO & SEM Discussion
    Replies: 22
    Last Post: 17 Jun 2012, 02:30 PM
  8. How To Make Money From Auctions
    By SEOSuperMom in forum eBay, Amazon & Online Marketplaces Discussion
    Replies: 0
    Last Post: 07 Oct 2010, 06:01 AM

My Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
All times are GMT -4. The time now is 06:32 PM. - Fixed Width