Buying Wholesale for Re-Sale for ebay etc. this can be a very profitable and rewarding business or hobby, there are a few important considerations to examine first, you have to decide on how and where you are going to sell these items, where you are going to purchase the stock, how you are going to reach your customers, how much to spend?
While this might seem very simple the fact is 95% of people fail in online business, because of wrong decision making, fierce competition, not doing your homework or research.
First you need to decide the place of sale :
Ebay, then you need to know the market and tricks, how to get customers, what price to start at, the cost of advertising on ebay and ebay is a great buyers market, but a tough sellers market.
Website or online store, then you need to consider if your going to sell your own products, use a pre-made and stocked store using drop shipping, find a reliable host and wholesale / dropshipper, the costs involved.
Finding the Product :
Where are you going to buy or purchase from, online, ebay, wholesalers, use dropshipping, are they trust worthy, take into account shipping and if they ship to your area.
Customers :
How are you going to get customers, Search engine Optimisation, cost of advertising, customer targeting, who will buy your product.
Pricing :
How competitive are you, can you make a profit, how much can you mark it up, who else or what competitors and how many cometitors are there, how do they sell there items, who is successful and why.
I am only touching base here and will add more soon, feel free to add your opinions, sucess stories, tips, info. etc.
From Jason.
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2 comments:
Tried but both links seem to be 404 errors.
Be extremely carefull when using drop shippers. Most of the time your product will never arive.
make money on ebay
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