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How to Find Cheap Wholesalers
Posted on February 5th, 2012 No commentsAre you wondering how some sellers can survive (let alone make any money) on the rock bottom prices they sell their items for? Believe it or not, many long running sellers are not only surviving while selling at those rock-bottom prices, many are also be making more profit than others who are listing the same items at a much higher price! This is because these big-time sellers can get their goods super-cheap from the very best wholesalers, meaning they can buy more, sell more and make more profit!
Why can large retailers can sell goods so cheaply?
Because they buy their items in big bulk (and I mean big!) and as a result, they can sell their items for very competitive prices. They order huge quantities at a time, often spending hundreds of thousands of dollars on a single bulk order which considerably reduces the price per unit. Large retailers have often spent years building relationships with their suppliers which means they get the best possible deals when they buy in such high volume. While you might be a few years away from being able to spend a few hundred thousand on making a bulk order, there are plenty of things you can do to help you get the best deals possible from the very best suppliers. Here are a few tips to follow when you search for new suppliers:
- Avoid any suppliers who charge extra fees. This will help to keep your costs per unit down and there are plenty of suppliers out there who will not charge any extra fees such as monthly memberships or charges to access their web site’s store – you wouldn’t pay a supermarket to look around at what they have to offer would you? So don’t do it with any suppliers!
- Be prepared to spend a lot of time do conducting pricing research. This is absolutely essential for all retailer sellers. Top sellers differ from other sellers in that they understand the amount of time that goes into pricing research and they get stuck in and do it! Pricing research will help you to determine whether it is possible for you to compete in a particular market.
- Go for suppliers who offer a guarantee or warranty for all items they sell to you. This is very important for keeping your costs down and profits up, as if you end up with a few faulty items, you need to be able to return them to your supplier, rather than refund your buyer yourself. This also helps to increase your sales as it gives buyers confidence in your products and your customer service. Usually, the warranty will be between you and the supplier – meaning if the items proves to be faulty, your buyer will return it to you then you will return the item to your supplier for a refund or exchange.
- Import your items! You can save (and make!) a lot of money by importing goods from abroad. Countries such as China and India are much cheaper to produce items in than Western countries which means you can make a lot of money when you sell them in your own country.
How do they find these amazing suppliers?
There are several ways to find the very best suppliers out there:
- Call manufacturers directly – this can help you get in touch with the very best of their retail suppliers, and if you can call and say “Hi, I’m Mike. Gary from Precision Manufacturing gave me your number and told me you are the man to talk to about…”. You can find names of manufacturers by visiting Manta.com an online directory of businesses in the US, UK, Australia, Canada as well as other countries. Here you can search for manufacturers by entering the name of the product you are looking into sourcing then following the links to the contact information for the manufacturer.
- Use online wholesale directories such as SaleHoo which lists over 8,000 of the very best suppliers on the web.
- Go beyond the Internet. There are other ways to find great suppliers – try trade magazines and trade shows – a great way to build all-important relationships with suppliers. You can find trade shows near you by Googling ‘your state + trade fair/trade show’ or if you are really serious, you can visit the massive trade shows held in China.
By using the above tips and information to find your next supplier, you’ll be profiting like an eBay PowerSeller in no time!
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The Serious Route to Produce Millions Online
Posted on August 26th, 2011 No commentsProven Techniques for Making Millions Online
Sure the title is a little bit fancy but the real truth is that there are some people who really do earn millions of dollars entirely online. Of course, after you hear that another person has made this amount of money you are more than likely going to scoff and move on. This is most likely because, most of the time those heres how I made a million bucks threads are little more than sales pitches. Typically, in IM, people tend to assume that people who generate the big bucks do so by teaching other people how to make those same big bucks. Sometimes, if you’re able to think of a good system this will work for you. More often, on the other hand, you will make little more than a handful of extra dollars. Here is how you can genuinely produce hundreds of thousands of dollars online.
The very first thing you have to do is get a topic that you love and then work with that. There is no rule that states that the only way to make money online is to operate while in the IM sector or only to sell IM products. When you’re interested in the environment, as an example, that should be what your blog is about. When you choose a issue that you actually love, you will be a lot more like it to stay with it and put honest effort into your work because that work will be something that you honestly love.
Work hard to create a popularity for yourself as an expert. The better people see you, the more likely you are likely to be the one they turn to for advice. Always remember that you should have an expert popularity for more things than simply selling things. It is what people will use to hire you to create products, coaching others on how to make their own products and then contribute in other important ways to your niche. Creating an authority level name for yourself will get people to notice you both off of the internet and on.
Do not only concentrate upon the invention and sales of products. Focus mostly upon creating genuine relationships inside of your niche market. Participate inside community forums inside your niche. Send e-mails to people inside your niche actually complimenting these folks on something they have produced, created or said somewhere. Leave good responses on peoples’ blogs. Do not try to sell even slightly when you do this. The goal here is to create genuine friendships so that, later, you’ll be the one people think of when they are asked for referrals in your niche.
If your site is regularly bringing in a nice amount of money in advertising revenue, don’t sell through Flippa. When you’ve got a site that is hugely respected and that makes a good and regular income (but still, for whatever reason you want to sell it), it should be sold through an investment banker. An investment banker managing the sale lends far more credibility to what you are offering, can act as the middle man and will be better able to sell your site to someone with deep pockets who can actually pay well for it.
Above all of that, never forget to have fun since if you do not like the things you are doing, exactly why are you still doing them?
About the Author
Justin Cleghorn Author of OneDumbAussie.com
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The Serious Route to Make Millions Online
Posted on August 14th, 2011 No commentsHow to Make Millions Online
Sure the title is a little bit fancy but the serious truth is the fact that there are some people who really do earn millions of dollars entirely online. Of course, plenty of people who hear this definitely will do not much more than shake their heads and move to the next article. This might be because, usually, those “here’s how I made a jillion dollars” reports aren’t anything more than a sales pitch. Most individuals who operate in IM believe that the most successful way to earn money is to say that you can teach others how to make that sort of money. Sometimes, if you’re able to make a good system this may work for you. Most of the time, nevertheless, this is a procedure that will only net you some extra spending money. Here is how to truly create hundreds of thousands of dollars online.
The very first thing you should do is choose a matter or subject that you actually love and work with it. There is not any law that claims that in order to make money on the internet you have to sell IM products to IM professionals. When you’re interested in the environment, for example, that should be what your website is about. When you select a topic that you honestly love, you will be a lot more like it to stay with it and put honest effort into your work because that work will be something that you honestly love.
Put in honest effort to become an authority in your industry. The more highly folks see you the more they will be ready to trust you and seek you out for advice. Remember, an authority standing is required for more than just selling products. You want it so that individuals can hire you to create things for them or to coach them on projects that might be similar to yours. Creating an authority level name for yourself could possibly get people to notice you both off of the internet and on.
Dont merely target product creation or sales. Focus on developing legitimate relationships for yourself inside of your community. Participate with niche related forums. Send an e-mail to people in your niche providing compliments for things that they have made or contributed themselves. Offer well intentioned feedback to writers. Do not ever promote while you do these things. You want to form sincere friendships so that your name would be the first in their brains when they need to make referrals within your niche.
If your website creates regular capital, do not settle for selling it through Flippa. When you’ve got a site that is highly respected and that tends to make a good and regular income (but still, for whatever reason you want to sell it), it should be sold through an investment banker. An investment banker controlling the sale lends far more credibility to what you are offering, can act as the middle man and will be better able to sell your site to someone with deep pockets who can actually pay well for it.
Above all of that, never forget to have fun since if you do not like the stuff you are doing, how come you still doing them?
About the Author
Justin Cleghorn Author of OneDumbAussie.com
Latest Cutting edge Internet Marketing Reviews and News site.Hottest Money making Info:
Facebook marketing is HOT and making people Fortunes,
Now is the time to take action.
http://fbmarketing.ebook-xs.comYES You can still make an excellent adsense Income
In fact the payouts are higher than ever.
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