Mint Shipper
Local Sourcing Techniques: Product Sourcing For E-biz Newbies
Many would-be online merchants have no idea where to begin locating products to sell. According Lynn DRALL of http://TheQueenOfAuctions.com that has a full-time living selling on eBay for years, "Garage sales, estate sales, thrift shops and consignment stores provide great sources of merchandise. They are especially ideal for beginners because there is very little risk or investment involved. "Local sourcing provides a simple, inexpensive way to the ropes of E-Biz product sourcing to learn, as you gain experience and become comfortable with online retailing.
An Expert's Advice
To get the most out of local sourcing, the helps to observe some proven practices. DRALL offers the following tips to help you obtain maximum benefit from your product sourcing trips:
• Start small. Never spend more than $ 5 to an item until you've been on it for a while and know what you do. You save yourself a lot of money if you have a low limit in the beginning and stick to it.
• Not hold out for this "once in a lifetime" deals, they said that for a reason. The big hits are few and far between, do a lot better, not to mention stable lives by selling a large number of items consistent ten and twenty U.S. dollars. Be open to a wide variety of low-to medium-profit items – they will probably consist of most of your eBay sales.
• When it will sell, buy. Selling in a niche is always smart, but not to ignore items that you know a good profit put on eBay just because they are not what you usually in your auctions.
• Make a plan. Your time is too valuable to wander aimlessly. Open the newspaper the night before up to the garage saling, and choose which you want to sell to save. Look for ads with key words and phrases to target: "A lot of USC merchandise '" Nike sample sale "," antiques and collectibles, etc. "
• If you're shopping, you must have items. Keep a special watch for the following, as they tend to sell well on eBay now:
Onam marks
oSigned items
O GOD made in the USA, Europe or Japan
O GOD mint in box or mint with tags
oUnique, unusual items
oItems that remind you of your childhood
oThings the baby boomer era (1947-1969), including super slim mod plastic vases, glassware, etc.
oThings from the 70s or 80s, like yellow smiley faces and rainbows
• When negotiating the price, always wait for the seller to provide a figure first. It is a very old technique that the negotiations continue to produce great results: Who names the price first, loses. Not impatient, and a number of flaps. Insist they suggest a figure – very often they will go even lower than what you would have offered. So keep yourself under control – it will pay off.
A piece of the whole
Even if your online business grows and you start using renewable energy sources such as drop shippers, light bulk wholesalers, local sourcing is still an excellent complement to your regular product lineup with unique and interesting pieces. DRALL says, "As you expand, you can combine style with many other methods of sourcing. Whether you're a beginner or a seasoned seller seek to add some flavor to your inventory, it's always nice because you never know what you're going find. "
About the Author
Chris Malta and Robin Cowie of WorldwideBrands.com are the Writers and Hosts of The Entrepreneur Magazine EBiz and Product Sourcing Radio Shows.
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