Comments on: What The F#% Should I Sell?

By: California Structured Settlement

California Structured Settlement — Sat, 26 Feb 2011 19:40:45 +0000

As a response to the first comment above, the reason why so many public wholesale lists, aren’t really valuable anymore is that the Internet creates a situation where everyone has perfect information. These lists used to be amazing because not everyone had them or even really knew how to get them.

Now, since everyone can get them almost instantly, and these wholesale suppliers know exactly how much they should be pricing their products (since they can just check out other sites that sell the products that they do), the prices have hit an equilibrium.

It’s not impossible to make money, it’s just a lot harder.

By: build an online shop

build an online shop — Sun, 28 Sep 2008 21:09:48 +0000

There is a great source at paypal.com – log in there and check out the shops section. You can browse shop categories and see how many sales a particular online shop has made. Its a great resource.

By: Javier

Javier — Thu, 03 Jul 2008 18:52:26 +0000

This is actually a good idea. I’ve been reading a bit about how this process work, and I have a few doubts about how to implement it and some risks associated to this method.

-Customer service/support: as opposite to working with affiliates, when using dropshipping you will need to be in charge of customer service. This is something I wouldn’t want to deal with. What happens if you’re selling a product which you’re not an expert on? To use this method I guess you should have a very good knowledge on the product you’re selling. Is there any way to delegate customer service to the dropshipping company or directly sale in their name to avoid dealing with customer problems?

-Warranty: I guess that you should deeply study how the wholesaler’s warranty works to make sure to not have any problem with the customers. The same for the returns-refund policy

-What are the legal issues to have in mind? May I use this method to sell US products if I don’t live in the US?

By: Brett

Brett — Sun, 29 Jun 2008 18:50:27 +0000

I’ve always been an entrepreneur and unfortunately when I was 16 I had $3,000 saved up and I spend months looking for a wholesaler because I knew how many were out there that were crap… I ended up finding one that I THOUGHT was legit and we went through a escrow service… Long story short the escrow service was made up by him and I got screwed out of my $3,000(thats tons for a 16 year old). Expensive lesson but I just want every one else to learn from me and not have to lose money out like I did. I hope this service is legit because it is so hard for me to trust people online these days. Thanks for the article

Thanks,
Brett
BigMoneyBlog.org

By: Nate Moller

Nate Moller — Sat, 28 Jun 2008 06:25:55 +0000

I also get this question frequently as I teach people how to start online businesses. My best clients 9 times out of 10 start by selling something they already love to do or know something about: it speeds up the learning curve and is more like a hobby that makes them money.

Focus on just a handful of highly targeted products and promote them within the content of your site.

I also recommend clients FOCUS: they are not going to be the next WalMart online or be the Jack of all trades. If they think they’ll just sell what’s hot on the market, they most often fail because they’re competing with people that have been doing ecommerce for years.

Finally, the BEST place I suggest to find suppliers is at Trade Shows for that industry. Yes, they may be harder to find; yes, they may cost money, but that is where the real manufacturers and dropshippers go to find their vendors. Instead of hunting them down, they come to you – they work out the deals – they want YOUR business.

Thanks for the post.

By: Max Davis

Max Davis — Fri, 27 Jun 2008 17:35:12 +0000

Yes, I see the same thing. Not EVERY product will be hugely profitable and not every supplier will have the cheapest prices. You’ll have to browse around the hundreds of suppliers and find the best deals…

By: John

John — Fri, 27 Jun 2008 17:28:27 +0000

Well, I looked some more and there appears to be items below the going street price. I guess buyer beware. I wonder how the other wholesalers look.

By: John

John — Fri, 27 Jun 2008 17:16:51 +0000

I’ve owned an online store for about 2 years and I can tell you finding REAL wholesalers is the hardest part of the business. Searching online is rarely successful and wholesale lists are usually a waste of time. Why is this service any different? I just picked one item at random from that Empire Discount place.

CARS the Movie Collectible Diecast Asst: 18PK
Retail: $9.99
Closeout price: $3.90
$70.20/case

So at first glace it looks like a great deal. EXCEPT, you can find these things on sale for about $3 all the time at Walmart, Target, etc… The normal non-sale price is right around $3.69. So their “closeout” price really isn’t even close to being the real wholesale cost.

I’ll admit I only checked one item, but this one I knew the street price so it was an easy one to pick.

I’m still very skeptical of these online lists. I have yet to find one remotely useful. Most of the “wholesalers” online are really just retail stores pretending to be wholesalers. All the wholesalers I use aren’t mentioned anywhere on the net. It’s almost like they work in a bubble from 20 years ago.

I know you’re promoting it as an affiliate, and there’s nothing wrong with that so long as the service is legit. I’d do it as well. And I know you’ve purchased the service. But have you actually found and used wholesalers from the directory?