Importing products to sell on eBay

The interesting thing about online shoppers is that they are extremely

price sensitive. A survey by Forrester Research shows that

73 percent of surveyed online shoppers expect prices in the

Internet to be cheaper than in stores. no wonder auction

markets are driving. Among the most popular auctions

The growth of eBay marketplaces is especially notable! your market

participation is growing at about twice the rate of the total

market. So it’s only natural if you like a lot of other wannabes

Entrepreneurs who are seriously thinking of starting an eBay business.

Say, after spending long hours on eBay and doing a lot

offline and online research, finally came up with a

niche category of products to sell. But, there is a little

issue! You have no idea where to get regular

supply of this product at wholesale price. Entrepreneurs often

with great product ideas fail to materialize the business of their dreams

plan simply because they cannot find a suitable provider. How

to address this problem?

Find a local provider

Success in any trading business depends not only on how good you are

are for sale, it also largely depends on your ability to obtain

the product at the correct cost. If you have a fairly large list of

products you are considering working with has a variety

of options to choose from. You can start your eBay auction

business based on local liquidators, liquidation dealers, government

auctions, newspaper classifieds or drop-shippers

(http://ezine.rusbiz.com/article/39). Aim to start a real niche

business you need to find a constant source supplier, who could

Be a manufacturer, distributor or wholesaler. Obviously,

The Internet is the easiest place to get initial contact

information. try http://www.thomasnet.com/ Prayed

[http://www.tgrnet.com/] – both websites are good information

sources for manufacturers of industrial products.

Keep in mind that many manufacturers simply can’t handle

small orders and do not sell products directly to retailers. Some

Sometimes the minimum sales lot is too big for a small startup

company to manage. However, even if the manufacturer does not

sell directly to retail levels, they will provide you with

information about your products and refer you to your wholesaler

or distribution companies, which will be able to attend

your needs.

For some category of products, your best option is to attend

trade or industry fairs to locate a supplier. Verify

websites of some exhibition centers in your neighborhood and find one

or two trade shows in your area of ​​interest. make sure of that

the participants of the fair are distributors and wholesalers

Unlike the big manufacturers. After all, you need to find a

supplier who will agree to work with your initial small orders.

Trade journals or publications in your related field might also

be a great resource in your quest to find a provider. Trade

magazines publish information on the trend of the industry, articles on the main

players, various calendars of industry-related events such as trading

displays and often carries classified sections. sometimes they too

publish special editions, such as a buyer’s guide or who’s who

theme. You can consider getting those problems by contacting the

editors

Professional and trade associations similar to the local chamber of

trade and other groups offer a variety of services, which are

extremely useful for members and people in general alike. Promotion

of the industry and its reference products and services for buyers

trying to find specific products are some of the services that

They offer. You should not hesitate to contact these

organizations for help.

importer

Competition in the world’s largest electronics marketplace is fierce!

If you have to buy products from a broker, you may find that

their prices are not workable at all. To do? Since most of

consumer products are imported in any way, you can consider

outsource your product from a foreign country. Today, thanks to

globalization importing products is no longer as difficult as before

used to be! If you are trying to purchase a labor intensive product,

the best places are probably China, which is the hottest in this

time, India, Thailand, Vietnam, Bangladesh and some other Asian countries

countries. If you are looking for medium quality electronics and

computer parts, your options are China, Taiwan, Korea, Singapore,

etc. For high-end design products, Italy, Germany and France are

your best bet. For products related to intellectual property, Russia

and other Eastern European countries are still a paradise.

There is a good chance of finding a supplier through B2B online

portals If you are looking for a supplier from China, you can try

http://www.alibaba.com Y [http://www.globalsources.com]. two of the greatest

trade leads aggregators on the Internet. for Indian products

you can try searching the database of both http://www.indiamart.com Y

http://www.trade-india.com. For products from Russia and other CIS countries

countries http://www.rusbiz.com it is a great option

Here are the steps you need to follow to import products

successfully:

• Locate multiple providers either through online resources or by

contact the Trade Commissions of the respective countries.

• Contact suppliers and see if they are in a position to

deliver the correct product. Make sure providers are not

its direct competitors. Many foreign suppliers are actively

sale of products through eBay.

• If you find that the price and quality of the product are

It is acceptable to obtain several samples. It is very important to give

an exact copy of the product you are looking for. without a

prototype you could end up getting something very different than

you expected

• Estimate your cost, which includes the cost of buying, packing,

shipping costs, insurance, customs duties, special taxes if any, financing

and handling charges, etc. May also include other expenses

depending on the products and their location.

• Check with your provider. If possible, take a trip to visit the

pray. Ask for references. Contact your bankers if necessary.

Importation requires absolute due diligence.

• Consult with a logistics consultant about shipping and exporting

country rules.

• Contact a customs broker to verify the most recent tax and other

regulations related to the importation of this particular product.

• Don’t forget to consider the product life cycle, shipping time,

seasonality of the product and other characteristics of the

your product.

Important, do your homework! sure you can make money

import and sale of products on eBay. Thousands are already doing it

East. But, the key to success depends on your entrepreneurial spirit.

spirit, due preparation, good judgment and hard work. If you

think you’re ready, go for it!