Thursday, August 14, 2008

Finding Products To Sell At Wholesale Prices

Alright, here is the most critical part of the eBay process, getting your product. First off, by now you should have done some research on what is selling well on eBay and what is not. For example, Apple iPhone cases are selling much better right now then Sanyo cases. Therefore, you would then want to search for ways to buy Apple iPhone cases at a wholesale rate. How do you do this? Simple, Alibaba!

Alibaba dot com is a worldwide marketplace for items being sold at wholesale. A majority of the suppliers are from China and are serious wholesale businesses. As you can see, there are 1,065 wholesale listings for iPhone cases. A majority of professional eBay sellers find wholesale items such as iPhone cases on Alibaba, setup the deal, and then turn around and sell the items for a nice profit on eBay.

To ensure you stay safe in transactions on Alibaba, be sure to follow these simple rules:

Only deal with good suppliers

Only deal with sellers from legitimate countries (do not do business with sellers from Nigeria)

Deal with sellers that have company websites, are licensed, and have verified transactions.

Always bargain with the wholesaler. Remember, it cost them practically nothing to manufacture the item you are going to sell. I’ve bargained with sellers to get the price as much as 65% lower than listed on the website.

Never buy too much product at one time.

Be sure you are dealing with a professional

Find one good supplier you trust and stick to him!

As long as you stick to those simple rules, you should never get burned or scammed on Alibaba. I’ve dealt with many different suppliers with no problems whatsoever. Always try to negotiate with your supplier on stuff like getting certain sizes, colors, etc. You should have done plenty of research prior to going on Alibaba to understand exactly what is selling on eBay. To get a good idea, go back to eBay and look at the Completed Auctions for the item you are trying to sell.

By searching for auctions that have already ended you can get a good indication as to how the market is reacting to the item you are looking to sell. If there are lots of items not selling, you will see many auctions with red numbers. If they have sold, they will be green.

Do not only use that as an indication. Also take into consideration that you may be able to price yourself considerably lower than your competitors due to the fact that you are getting your product wholesale from overseas. There are many sellers that still resort to United States drop shippers and do not reap the benefits of overseas trade.

By: DCJames
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