Articles

Archive List

ARTICLE ARCHIVE LIST

 

What is Drop Shipping?

Sell what Sells, NOT what's Cool

The Wholesale Misconception

Don't Get Taken by a Fake Suppli...

Wolves in Wholesale Suppliers' C...

Working Within the Process

Is Santa's Sleigh Big Enough for...

Beware of Drop Shipping 'Agents'...

Direct From The Factory?

4 Strategies for Seasonal Sellin...

3 Tools for Product Sourcing on ...

Tradeshows the Right Way - How t...

Tradeshow Sourcing - When the Sh...

Preparing for the Holiday Season...

What a Wholesale Supplier Expect...

Product Sourcing Using Trade Pub...

Tips for Finding and Getting Goo...

Storage Units Auctions - Buying ...

Starting an Antiques and Collect...

How EBay PowerSellers Source Pro...

How to Build Your Online Consign...

Dangerous Mindsets - Changing th...

Sourcing Customer Returns - Buyi...

Product Sourcing Strategies - Ne...

6 Common Product Sourcing Questi...

Increasing Your Profits through ...

Importing Basics - What You Need...

Selecting and Changing Your Prod...

The Inside Scoop on Trade Shows ...

How to Make Product Liquidation ...

Shopping with Uncle Sam - A Brea...

One Man's Trash... Could Be Your...

Our Town - Sourcing Products Loc...

An Intro to Closeouts - A Produc...

How to Find Authentic Suppliers ...

Beyond Borders - Sourcing Overse...

Heads or Tails? - How to Find Yo...

Five Holiday Trends - What Every...

Seeing the Whole Picture - A Who...

Drop Shipping Pros and Cons - th...

Far From Home - 4 Keys to Succes...

Product Sourcing Strategies for ...

The Ins and Outs of Importing - ...

How to Choose Your Product Lineu...

The Fine Art of Product Sourcing...

Sourcing The Secondary Market - ...

Local Sourcing Techniques - Prod...

Global Sourcing - Importing for ...

A Foreign Affair - Preparing to ...

Choose Wisely - How to a Pick Pr...

Made in China - Importing Option...

The Color of Money - How Color T...

The Nuts and Bolts of Liquidatio...

How to Break Into Importing - An...

Trend or Fad? What to Ask Before...

What Your Country Can Do for You...

Opportunities Abroad - China Sou...

Trade Shows Year-Round - What Pe...

5 Product Trends for 2008 that E...

Successfully Negotiating with Yo...

5 Strategies for Safely Sourcing...

Informed Compliance for e-Tailer...

Locate Qualified Drop Shippers f...

What is Product Sourcing? The So...

Where Do I Find Products to Sell...

Tips for Finding and Working wit...

A Beginner's Guide to Buying Dir...



products to sell online - Local Sourcing Techniques - Product Sourcing for E-Biz Newbies

by Chris Malta

Many would-be online merchants have no idea where to begin locating products to resell. According to Lynn Dralle, of TheQueenOfAuctions.com, who has made a full-time living selling on eBay for years, "Garage sales, estate sales, thrift shops, and consignment stores provide great sources of merchandise. They're especially ideal for beginners because there's very little risk or investment involved." Local sourcing affords a simple, inexpensive way to learn the ropes of E-Biz product sourcing, while you gain experience and become comfortable with online retailing.

An Expert's Advice
To get the most out of local sourcing, it helps to observe some proven practices. Dralle offers the following tips to help you derive maximum benefit from your product sourcing trips:
  • Start small. Never spend over $5 on any one item until you've been at it for a while and know what you're doing. You'll save yourself a lot of money if you set a low limit in the beginning and stick to it.
  • Don't hold out for those "once in a lifetime" deals: they're called that for a reason. The big hits are few and far between; you'll make a much better, not to mention steadier, living by selling a large number of ten and twenty dollar items consistently. Be open to a large variety of low- to medium-profit items - these will most likely comprise the bulk of your eBay sales.
  • If it will sell, buy it. Selling in a niche is always smart, but don't ignore items you know will turn a good profit on eBay just because they're not what you usually put in your auctions.
  • Make a plan. Your time is far too valuable to wander aimlessly. Open the newspaper the night before you go garage saling, and choose which sales you want to hit.

    Look for key words and phrases you'd like to target: "Lots of USC Merchandise," "Nike Sample Sale," "Antiques and Collectibles," etc.

  • When you're shopping, turn the items over. Keep a special watch for the following, as they tend to sell well on eBay right now:
    • Name brands
    • Signed items
    • Goods made in the U.S., Europe, or Japan
    • Goods mint in the box, or mint with tags
    • Unique, unusual items
    • Items that remind you of your childhood
    • Items from the Baby Boomer era (c. 1947 to 1969), such as super sleek mod plastic, vases, glassware, etc.
    • Things from the 70s or 80s, like yellow smiley faces or rainbows
  • When negotiating price, ALWAYS wait for the seller to offer a figure first. It's a very old negotiating technique that still produces wonderful results: Whoever names the price first, loses. Don't get impatient and blurt out a number. Insist they suggest a figure - very often, they'll go even lower than what you would have offered. So hold yourself in check - it will pay off.
A Piece of the Whole
Even as your online business grows and you begin using renewable sources, like drop shippers and light-bulk wholesalers, local sourcing can still provide an excellent supplement to your regular product line-up with unique and interesting pieces. Says Dralle, "As you expand, you can combine this style of sourcing with many other methods. Whether you're a beginner, or a seasoned seller looking to add some flavor to your inventory, it's always fun because you never know what you're going to find."
 
Archive List

ARTICLE ARCHIVE LIST

 

What is Drop Shipping?

Sell what Sells, NOT what's Cool

The Wholesale Misconception

Don't Get Taken by a Fake Suppli...

Wolves in Wholesale Suppliers' C...

Working Within the Process

Is Santa's Sleigh Big Enough for...

Beware of Drop Shipping 'Agents'...

Direct From The Factory?

4 Strategies for Seasonal Sellin...

3 Tools for Product Sourcing on ...

Tradeshows the Right Way - How t...

Tradeshow Sourcing - When the Sh...

Preparing for the Holiday Season...

What a Wholesale Supplier Expect...

Product Sourcing Using Trade Pub...

Tips for Finding and Getting Goo...

Storage Units Auctions - Buying ...

Starting an Antiques and Collect...

How EBay PowerSellers Source Pro...

How to Build Your Online Consign...

Dangerous Mindsets - Changing th...

Sourcing Customer Returns - Buyi...

Product Sourcing Strategies - Ne...

6 Common Product Sourcing Questi...

Increasing Your Profits through ...

Importing Basics - What You Need...

Selecting and Changing Your Prod...

The Inside Scoop on Trade Shows ...

How to Make Product Liquidation ...

Shopping with Uncle Sam - A Brea...

One Man's Trash... Could Be Your...

Our Town - Sourcing Products Loc...

An Intro to Closeouts - A Produc...

How to Find Authentic Suppliers ...

Beyond Borders - Sourcing Overse...

Heads or Tails? - How to Find Yo...

Five Holiday Trends - What Every...

Seeing the Whole Picture - A Who...

Drop Shipping Pros and Cons - th...

Far From Home - 4 Keys to Succes...

Product Sourcing Strategies for ...

The Ins and Outs of Importing - ...

How to Choose Your Product Lineu...

The Fine Art of Product Sourcing...

Sourcing The Secondary Market - ...

Local Sourcing Techniques - Prod...

Global Sourcing - Importing for ...

A Foreign Affair - Preparing to ...

Choose Wisely - How to a Pick Pr...

Made in China - Importing Option...

The Color of Money - How Color T...

The Nuts and Bolts of Liquidatio...

How to Break Into Importing - An...

Trend or Fad? What to Ask Before...

What Your Country Can Do for You...

Opportunities Abroad - China Sou...

Trade Shows Year-Round - What Pe...

5 Product Trends for 2008 that E...

Successfully Negotiating with Yo...

5 Strategies for Safely Sourcing...

Informed Compliance for e-Tailer...

Locate Qualified Drop Shippers f...

What is Product Sourcing? The So...

Where Do I Find Products to Sell...

Tips for Finding and Working wit...

A Beginner's Guide to Buying Dir...