Ebay Power Seller Profits

There is money to be made in liquidation products, but you have to know exactly how to find those. So here is the list of tips and strategies.

Know Whom You Are Buying From

You can find plenty of liquidation sources online, but there is only a percentage of those who are really reliable. Now, you can go to the liquidation dot com and see what they have. And most likely from time to time, you can find a good deal, but my advice is to stay away from returns as often there are issues with those products. You can even find smaller local store and see if they have any liquidation to unload. This is a great way to get that product at 10-20% of wholesale.

But if you are going to search for sources online, you have to find if they are really legitimate. The legit company should have the necessary contact information. If you cannot get a hold of them by phone, RED FLAG, move onto the next one.

If you do get a hold of them, great, get to know them a little better and test their customer service. You can always ask for customer references. Remember, if something sounds too good to be true, it is.

Know what you are Buying!

Before you actually make the purchase you have to know exactly what you are getting. It happened to me few times that I got the wrong order. It was delayed, and a whole mess.  Know the details on how much it cost for shipping, and what is the price per item. Get the details in writing, so you have something to fall back on!

Your supplier should provide you with a manifest – an itemized list of the goods on the pallet you’ll be receiving. Try to get the liquidation price, the wholesale price, and the retail.

Know the Real Product Cost Before you buy!

This is kind of a warning. You have to consider not only the purchase cost, but if the items you are getting have to be repaired, you have to count that in. Or cleaned, re packaged. Count those in as well!

Test the Product Market

First find out what is the lowest selling price, the shipping cost, the specifications and look at the auction sites to see if the product is selling. This will help you determine the profit you can expect.

Don’t overlook the slow moving products!

Some of the low cost slow moving products can really help increase your profit margin. For example, if you are selling kids puzzles, you can over sell for additional 10-20% of the initial price if you include the bonus. Keep that in mind!

Just in the case you did not know, the Wordwide Brands Directory has plenty of liquidators who are screened and approved by their company, so you know you are working with the real company.

Now everyone wants to find a way to make a little extra from home, and the easiest way to do so is by drop shipping as it does not require a lot of up front money!

First recap on the drop shipping. You DO NOT have to purchase the large quantity of inventory, so you don’t have to have investment capital! No need for storage space, and you don’t have a headache of shipping and handling! The real wholesale supplier will send a product for you, from their warehouse, directly to your customer. SO really great, and before you even submit your order to the drop shipper, you will collect the money from your customer. Great isn’t it?

Now, this business module is really great and attracts a lot of people to selling online, but it also attracts a low of fake wholesale suppliers.

Here is what you should watch out for and how to spot them:

• First warning is if they offer all of the products at one place, with nice pictures and product information just ready for you to sell!
• They will drop ship all the products for you from that one location
• The idea is going to be so attractive, because with one drop ship company you get it all
• They will charge you a monthly or yearly processing fee (no refund)
• You will build sites, you wait for profits to start pouring in, and in the end, you will earn nothing, and you just wasted a bunch of your time!

If you do get few orders in, you should count your self lucky.

But the worst is, you will lose a lot of time and money looking for an easy profits. Along the way you had to buy domain, or couple of them, you had to buy hosting, and you had to pay for their membership. Ouch! This is at least $500 right there.

The reality is, if this happens to you, you just got scammed by one of the most popular scams online.
But if you really want to make profits, you have to find the true wholesale suppliers! That is the only way.

The problem for many people is finding the real wholesale suppliers. WHY? Because they don’t advertise online! Yet again, WHY? Because if they did, they would get thousands of calls from every scammer and every possible person who want s to sell online.

The suppliers are not crazy. They do know that online sales are increasing every year. They also know that they have to connect with those online retailers, but they are being careful about it. They want the legit businesses to contact them. And you can only get in touch with them if you do have a legit business.

That is the only way you will be in direct contact with the actual Wholesale Supplier or factory source. The real wholesale suppliers and manufacturers are going to advertise their business through wholesale directories such as the Worldwide Brands Directory

p.s. Make sure you do learn how to find profitable products to sell, and it does not cost you anything, get it right here for Free.