Salehoo has recently become one of the most popular wholesale supply resources around. They built up from nothing all because of one reason, Ebay entrepreneurs. One of the most important facts of building a successful Ebay business is to have a cheap reliable wholesaler to use to supply your customers with quality items every day.
I’m going to try and keep this review of as unbiased as possible so as to give you the best information possible to make a decision on whether or not you would like to join their membership.
The Purpose of Salehoo
One of the more difficult things to do when starting a business which involves selling items which you yourself do not produce, is to find a supplier who will do it for you. That’s where Salehoo comes in offering you over 5000 suppliers in all areas of business with independent reviews and comments from other resellers.
Pro’s
Salehoo provides their members with over 5000 suppliers of almost every type of product you can think of. The one thing that stuck out for me when I first signed up was the enormous scale of potential suppliers I had at my fingertips.
I tend to stick to a business model involving dropshipping as I don’t like to do any of the shipping work that goes into more mainstream wholesaling, so I was glad to see that most suppliers offered dropshipping.
Second the quality of the products members have access to selling is rediculous. It kind of felt like I was in a huge shopping mall, but instead of buying anything, I was actually the seller.
The last thing that stood out with Salehoo was and is still the fact they’re constantly updating their database with new wholesalers and suppliers. For me personally, I’m always going into different markets and testing out different products to sell so it’s pretty vital I have access to EVERYTHING available to sell on Ebay and through my other online stores.
There’s more pro’s then that for sure but these were the ones that stood out and I didn’t want to sound too biased towards Salehoo, so I’ll move onto the con’s…
Con’s
I guess the only real con is that Salehoo has become one of the most popular places to go for suppliers and wholesalers so most of the products being sold throughout their database are currently being used by a lot of people.
It’s not a big deal and basically if you’re not constantly searching for new products to sell without much competition you’re not going to get very far in this business. I’d suggest do what I do and check out the new wholesalers who come into the Salehoo database and find out what they’re selling. You never know they might have something noone else is selling but lots of people are buying(that’s what you should be looking for always!)
I’m just trying to think of another con, but really there’s not many to tell you about. This is something you have to pay for and therefore it’s gotta be good. If you’re serious about your business and you need to find one or many good wholesalers and you haven’t found any good one’s yet, I’d probably say give it a go and see if you can find some. There is a 56 day guarantee so if you don’t happen to get anything out of your membership then you can always get a refund.
My experience so far has been really good so far with Salehoo . For me the membership fee of $67 is a small price to pay to have a whole army of suppliers at my fingertips. My suggestion, sum up where you are currently in your business and if you think having access to a bunch of great suppliers is the next step, give it a go and see what happens.
OK I hope that wasn’t too one-sided, if and when I find something I’m really unhappy with, I’ll write it up.If you want to check out Salehoo , then click here to visit the official website.
Sunday, July 20, 2008
Saturday, July 19, 2008
Online Auction Secrets Revealed
Dear Fellow e-Trader,
I have put together some information in order to reveal some secrets of powersellers on e-Bay, Yahoo and other auction sites. This information provided to you at no charge and I hope it will help you to achieve success in online trading.
I have been trading online and owning online business for over 8 years now and from my own experience I will tell you that to succeed in online trading you need three things;
1. a product to sell,
2. a place to buy that product from,
3. a place to sell that product.
A Product to Sell
To find out which product to sell can be sometimes tricky. You can look at products, which is in a high demand and will sell quickly (e.g. ps2, mobile phones, etc) but generally when you get involved with such product you will find that the margins are very small and to make decent profit you need to sell large quantities. On the other hand if you starting out small like I did, it is better to go for a smaller product which you can buy in small quantities and still make good margins on it, this can be dvds, ps3 games, ps3 accessories, etc. Generally the margin on such products is about 25%-30% compare to margins on the mobile phones which is less than 10%. So my suggestion is to do the research on products and margins first.
A Place to Buy that Product From
Once you have found the product or a range of products you will need to find a supplier. This is generally the part where most people struggle. As we all know China is a booming economy, most factories have moved to china and quite often you can buy directly from them, but the question now is how do you contact them?
Well you can fly to china and try to visit them or can try and find if any of them have websites where you can buy your products. But how do you know if the website is for real? Well some of them are for real and some are just scam. Over time I have been scammed and I have lost a bit of money, but after long hours and lots of research, I found the a wholesale directory ( click here to go to directory ).
At first I was quite skeptical about spending $70 for membership but I decided to take a risk and join this directory and I have to tell you it was the best $70 I have ever spend. They have over 5000 listed wholesalers, they personally review each wholesaler before they add them to the directory, they also have lots of useful tools for market research and product research. Also they have a support forum which is just great as it offers you help in any field of importing products and they have lots of reading material to get you started.
Two days after I joined them I have bought an item through one of their suppliers in china and a week later I sold it and made enough profit to cover the membership fee of $70 since then I have been using only the suppliers listed in the directory from whom I do all my purchasing. The great thing about them is that many suppliers allow you to buy individual items at very competitive price and if you buy in bulk you get even more discount. I have done a number of purchases through different wholesalers in that directory and so far I have been happy with everything I bought and sold.
A majority of the items I have bought are from one wholesale website in china (click here to access it). This website is one of the biggest wholesale websites in china and also offers you the buyer protection with escrow, which means when you make a purchase, your money is held in the escrow trust account and not released to the seller until you receive the product and you are happy with it. This website is free to join, so if you want to start importing I recommend starting with (here). When using it make sure before you buy anything you ask sellers as many questions as you need and also make sure they have good feedback.
A Place to Sell that Product
This part is probably not too difficult as there are plenty of auction websites around such as e-bay, Yahoo, Bubble(Singapore), trademe(New Zealad) etc. All of this websites can be a good way to sell your products. But generally on the auction websites you will get smaller margins as competition is higher but you sell product faster. On the other hand you can set up your own online shop with products and order them as required so you do not need to keep any stock and just order it as it sells. Normally when you have your own online shop you will sell the items at higher margin then on auction sites but it takes longer to sell.
I hope the information above is helpful and you will be able to put it to good use to achieve your goals. And remember your success depends only on you and no one else.
Good Luck
I have put together some information in order to reveal some secrets of powersellers on e-Bay, Yahoo and other auction sites. This information provided to you at no charge and I hope it will help you to achieve success in online trading.
I have been trading online and owning online business for over 8 years now and from my own experience I will tell you that to succeed in online trading you need three things;
1. a product to sell,
2. a place to buy that product from,
3. a place to sell that product.
A Product to Sell
To find out which product to sell can be sometimes tricky. You can look at products, which is in a high demand and will sell quickly (e.g. ps2, mobile phones, etc) but generally when you get involved with such product you will find that the margins are very small and to make decent profit you need to sell large quantities. On the other hand if you starting out small like I did, it is better to go for a smaller product which you can buy in small quantities and still make good margins on it, this can be dvds, ps3 games, ps3 accessories, etc. Generally the margin on such products is about 25%-30% compare to margins on the mobile phones which is less than 10%. So my suggestion is to do the research on products and margins first.
A Place to Buy that Product From
Once you have found the product or a range of products you will need to find a supplier. This is generally the part where most people struggle. As we all know China is a booming economy, most factories have moved to china and quite often you can buy directly from them, but the question now is how do you contact them?
Well you can fly to china and try to visit them or can try and find if any of them have websites where you can buy your products. But how do you know if the website is for real? Well some of them are for real and some are just scam. Over time I have been scammed and I have lost a bit of money, but after long hours and lots of research, I found the a wholesale directory ( click here to go to directory ).
At first I was quite skeptical about spending $70 for membership but I decided to take a risk and join this directory and I have to tell you it was the best $70 I have ever spend. They have over 5000 listed wholesalers, they personally review each wholesaler before they add them to the directory, they also have lots of useful tools for market research and product research. Also they have a support forum which is just great as it offers you help in any field of importing products and they have lots of reading material to get you started.
Two days after I joined them I have bought an item through one of their suppliers in china and a week later I sold it and made enough profit to cover the membership fee of $70 since then I have been using only the suppliers listed in the directory from whom I do all my purchasing. The great thing about them is that many suppliers allow you to buy individual items at very competitive price and if you buy in bulk you get even more discount. I have done a number of purchases through different wholesalers in that directory and so far I have been happy with everything I bought and sold.
A majority of the items I have bought are from one wholesale website in china (click here to access it). This website is one of the biggest wholesale websites in china and also offers you the buyer protection with escrow, which means when you make a purchase, your money is held in the escrow trust account and not released to the seller until you receive the product and you are happy with it. This website is free to join, so if you want to start importing I recommend starting with (here). When using it make sure before you buy anything you ask sellers as many questions as you need and also make sure they have good feedback.
A Place to Sell that Product
This part is probably not too difficult as there are plenty of auction websites around such as e-bay, Yahoo, Bubble(Singapore), trademe(New Zealad) etc. All of this websites can be a good way to sell your products. But generally on the auction websites you will get smaller margins as competition is higher but you sell product faster. On the other hand you can set up your own online shop with products and order them as required so you do not need to keep any stock and just order it as it sells. Normally when you have your own online shop you will sell the items at higher margin then on auction sites but it takes longer to sell.
I hope the information above is helpful and you will be able to put it to good use to achieve your goals. And remember your success depends only on you and no one else.
Good Luck
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