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How to Find Trusted and Reliable Wholesalers for Online Auction Sale Items

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Finding a decent and trustworthy wholesale or bargain supplies for online sale items can be done safely following these steps.


Steps

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1 Start off with a list of 5-10 different ideas. Check completed listings searches on eBay or similar online auction sites to see what the item generally sells for and the sell-through rate for each one. Thorough market research is the foundation for success.


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2 Calculate the real cost of your item to accurately discover the true profit potential on an item. Add the shipping cost and insurance, eBay fees (or equivalent for other advertising), Paypal and/or credit card fees (these can be a real profit killer), packaging costs and labor involved packaging, and any storage costs to the cost of your item.



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3 Verify all suppliers found on the Internet. If you are searching for suppliers off your own bat (rather than using a wholesale directory like SaleHoo), it is critical to check their authenticity before making a purchase.



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4 Get a competitive edge using Chinese suppliers. Chinese suppliers are a very useful, cheap source making money selling online. Manufacturing costs are currently extremely low in China, thus it is the secret to gaining a competitive edge. Of course, if you are concerned about working conditions and environmental costs, do not use this step, as most Chinese goods that are very cheap come at the cost of poor work and pay conditions, and result in a lot of environmental pollution.


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5 Check out liquidation and closeout sales. These can be a fantastic source for cheap products, but you usually have to buy by the pallet load and these can sometimes include broken or returned goods that aren't in saleable condition.




Source: http://www.wikihow.com/Find-Trusted-and-Reliable-Wholesalers-for-Online-Auction-Sale-Items

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