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How To Deal With Your Wholesale Supplier On eBayArticle Summary: Ideally, you need to be selling the same item over and over again on eBay so that you can AUTOMATE the process and so MAXIMIZE YOUR INCOME while MINIMIZING YOUR EFFORT. So it is vital to the success of your eBay business that you find a dependable supply at the lowest possible price ...
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Ideally, you need to be selling the same item over and over again on eBay so that you can AUTOMATE the process and so MAXIMIZE YOUR INCOME whilst MINIMIZING YOUR EFFORT.
One of the easiest ways to do this is to secure a regular, dependable supply of new products from a wholesaler. Furthermore, new products usually come with [url=http://www.thenannysearch.fr/giuseppezanotti/]Giuseppe Zanotti Chaussures[/url] manufacturer's warranties so if someone returns faulty goods to you, you can return them to your supplier.
Just in case you don't know, a wholesaler sells products in bulk to a retailer who then splits up the bulk order to sell each unit separately to [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] their customers.
The wholesaler can afford to sell to the retailer at a lower cost per unit than the retailer sells to the customer because the wholesaler just needs to make a profit on that one bulk order. Whereas the retailer has to make a profit on the sale of each individual unit to cover their additional costs and make a profit.
It is often said that "you make money when you buy, [url=http://www.myharlingennews.com/?p=39924&cpage=1#comment-2463962]Secret on How to Start An Affiliate Programs For Residual Money Making Online. - written by Peggy Franklin[/url] not when you sell!" This is because you may not be able to influence the price that you sell your products for, which will be determined by the market, but [url=http://www.snubourgogne.fr/louboutin2014.php]louboutin 2014[/url] you CAN influence the price that you buy your stock for e.g. your profit is determined by how LOW you can buy at.
For example, if you buy 100 items at $10 each and sell them for $15 each - your profit is $500. But if you spend half an hour haggling and manage to get your supplier to reduce your purchase [url=http://www.muvilav.it]woolrich sito ufficiale[/url] price to $9, when you sell the 100 at $15, you'll make and extra $100 profit, just for haggling for half an hour!
Or you can drop your selling price to $14 and still make $5 profit per sale. But the basic law of the market means you are likely to sell more at $14 than you could at $15 so you might sell 150 at $14, increasing your profit by $250!
You must find a RELIABLE, DEPENDABLE source that can supply you at a price that will enable you to make a PROFIT. This may take some time so don't give up. If you FAIL to find a reliable cheap source, you may struggle to make ANY money on eBay.
Having found a supplier, ALWAYS NEGOTIATE and try to [url=http://www.lotogame.fr/louboutin-pas-cher/]louboutin femme pas cher[/url] get a LOWER price. It doesn't cost you anything to try but this can be the difference between making a profit and not - and therefore between success and failure.
DON'T list anything for sale without having seen it first. If you haven't seen the product as supplied by your supplier, get samples. Don't rely on the supplier's photos on their website. They may be supplying fakes but the picture may be of the real item.
By [url=http://www.lotogame.fr/louboutin-pas-cher/]louboutin boutique[/url] getting samples you will not only [url=http://www.conik.fr/hollister2014.php]hollister france[/url] be able to check the quality of the product, you will also be able to test the credibility, communication and service of the supplier. And of course any samples that you receive you can sell on eBay as a test!
Don't use a wholesaler who is selling on eBay themselves - you won't be able to compete with them.
When using a wholesaler, minimum order levels can be a problem. To obtain the best prices, a wholesaler may require you to order significantly more than is prudent for you to do so. If the product doesn't sell, or you find that you can't sell it for as much as you expected to, you could end up losing a lot of money which could completely scupper your eBay business.
Often you will be able to get stock at lower prices by buying larger quantities. But when starting out, buy the [url=http://www.lotogame.fr/louboutin-pas-cher/]louboutin homme pas cher[/url] SMALLEST quantity you can first. Use this first consignment to TEST the market [url=http://www.thenannysearch.fr/parajumpers/]parajumpers[/url] and your sales copy, etc.
If it sells, you will get less profit than you would have done if you had bought a larger quantity at the lower price per unit. In fact, you may not make any profit at all - and may even suffer a loss - on this first test consignment. But that's OK because you now know that you can buy a larger batch at a lower unit cost, safe in the knowledge that you will be able [url=http://www.uahv.fr]doudoune moncler[/url] to sell it at a profit. [url=http://j-addicts.net/?p=494#comment-543481]History of Nagpur City - written by Suhaina Mazhar[/url] That's better than finding yourself left with a massive consignment that you can't sell.
You WILL get [url=http://godaddyma.com/92454.html#comment-21696]Infertility Resources - Infertility Information - IVF, ICSI, Fertility Clinics. - written by Ashish Modi[/url] returns so check your supplier's returns policy and bear this in mind when designing your own returns policy.
If physically possible, visit the supplier in person to see their set-up for yourself. Get samples from your supplier before placing an order to check their reliability, service standards and the quality of the product. Use the [url=http://www.paris-jeux-casinos.fr/category/christian-louboutin-pas-cher/]Christian Louboutin Pas Cher[/url] samples as test listings on eBay to check that the product will sell.
Ask for references from the supplier's existing customers. Use a search engine to do an internet search on the company's name - do they get negative comments in forums? If so, walk away! If you skip this step - researching your supplier - it could cost you very dearly later.
As a retailer, it is VITAL to the success of your business that you obtain the LOWEST possible price from your supplier. The problem is, many so-called "wholesalers", especially drop ship wholesalers, are not true wholesalers at all. They are "middlemen". They obtain their stock from a true wholesaler at genuine wholesale prices, but then increase the price when selling on to the retailer to make some profit. [url=http://www.fccars.it/category/spaccio-moncler/]spaccio moncler[/url] The retailer is not then getting genuine wholesale prices which reduces their profit and may even prevent them from being able to make a profit.
You can [url=http://www.svrt.fr]Doudoune Moncler Pas Cher[/url] buy lists of wholesalers, but most of these lists are out-of-date. Or you can search the internet for wholesale suppliers. But many of the companies you come across in this research will NOT be genuine wholesalers at all. It can be very difficult to [url=http://www.sisr.fr]Doudoune Moncler[/url] locate a GENUINE wholesaler from among the many middlemen posing as wholesalers. So be careful!
Martyn Boaden is the Author of "The Lazy Way To Wealth On eBay" and Founder of The Online Auction Resource Centre where you will find more information and all the resources that you will ever need to set up and run your successful and profitable eBay business. And for a limited time [url=http://www.mifss.it/moncler-outlet-online/]moncler outlet online[/url] only you can get instant access to his popular eBay Business Box (worth $164 + $17 pm) for FREE by clicking this link:
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