Sourcing eBay Wholesale Products

December 8, 2009 by admin  
Filed under Internet

Amanda O’Brien asked:


u trying to start your own eBay business but finding it more difficult than you expected?

If you are then you will probably be interested in finding eBay Wholesale Products. It can be very difficult to find the products that you want to sell at prices cheap enough where you can make a profit. Lots of wholesalers take advantage of eBay sellers by charging inflated prices. This makes it very difficult to actually make a profit on these items.

Searching on the Internet

The Internet is an extremely valuable source of eBay wholesale products and you cannot ignore it. There are some great places on the Internet where you can buy products in bulk. You can even shop on eBay itself for wholesale deals. If you want the best cost savings then you should consider dealing with suppliers in China.

Importing from China isn’t actually that difficult and as long as you spend some time learning what to do you shouldn’t have any problem with this. You need to teach yourself how to import products and then you should be able to do this easily.

The most difficult part will be to find out what you need to do to import products into the UK. If this is your first time importing then you might want to hire the services of a professional import broker.

Finding Suppliers

When finding suppliers in China this is very easy and a great source of eBay wholesale products. There are plenty of sites that can be used to track down suppliers you like.

Of course it can take a couple of months to get your products made and shipped to you. This means that you will have to plan well in advance to make this possible.

When importing from China it is essential that you are very careful. While it is possible to have some good experiences and make large profits there is also a risk that you will be conned. It’s a good idea to make sure the manufacturer knows exactly what you want. You should also request samples to ensure that everything is right and up to scratch.

If you look hard enough then you should be able to find some reliable and honest Chinese suppliers who will be able to provide you with the quality products your business needs to survive.

If you want to make large profits from eBay then it’s important you are able to source quality eBay wholesale products. You don’t actually need to import unless you want to and have enough money to do so. You can actually use wholesalers based in the UK. However eBay is very competitive and this can make it a challenge to make a profit. Importing and sourcing eBay wholesale products from China might be a solution to this problem.

Importing does require a significant investment and is slightly risky. It does however make it possible to earn some of the biggest profits possible because you can get the products as cheaply as possible.



Wholesalers in a Nutshell – Will they Deal with You?

August 1, 2009 by admin  
Filed under Business

Wholesale_Club
William King asked:

What is a wholesaler? In a nutshell, it is a company that buys (usually directly) from a manufacturer in large quantities at a discount, then pieces out the product into smaller quantities that are then sold for a higher price. The usual chain of product goes: Manufacturer > Wholesaler > Retailer > Customer.

Services provided by wholesalers involve both manufacturers and retailers. Producers, once the product is manufactured, begin incurring storage costs as well as logistical issues involved with keeping product onsite. Wholesalers usually pay transportation costs, as well as reducing costs involved with producer storage by removing manufactured product to a warehouser’s own utilities, providing financial benefits as well. These costs incurred by a warehouser can be spread among many more products than a retailer or producer, thereby reducing the per-item cost to a retailer. A warehouser also takes the burden off the producer for possible detrimental stockpiling of goods, as the warehouser often has agreements to purchase certain quantities in exchange for reduced product costs, reassuring the manufacturer that there will be a market for certain production levels and allowing manufacture at the most efficient levels possible.

There are three different general classifications of wholesalers, defined by criteria such as whether the wholesaler is independently owned or owned by a producer, whether the wholesaler takes title to the products they handle, or lastly by range of services, the most relevant of which known as Merchant Wholesale will be the primary topic in this article.

“Merchant wholesalers take title [ownership] to product they deal in, assume risk and buy and resell products to other wholesalers, to retailers, or to other business customers” (Ferrell & Pride, 2003). This is further broken down into Full-service wholesalers and Limited-service wholesalers.

Full-service wholesalers include General-merchandise, Limited-line and Specialty-line classifications. General-merchandise wholesalers carry a wide variety of products, but do not specialize within product lines.

Limited-line carry fewer products, but with more specialization in the few product types they deal in. Grocery wholesalers fall under this category.

Specialty-line wholesalers deal in very few products but with high specialization in their chosen product line(s), such as only dealing in pharmaceuticals.

Full-service wholesalers provide the widest range of services, such as quantity breakdowns, financial assistance and credit, marketing services and product availability. Full-service wholesalers usually earn a higher profit margin than other wholesalers, but operating expenses are much higher as well.

Limited service wholesalers specialize in fewer functions than Full-service wholesalers, generally allowing the producer or the customer to provide most functions. These wholesalers include Cash-and-carry companies, Trucking companies, Drop-shippers or Mail-order firms. Limited service wholesalers take title to products but usually do not provide many of the services a Full-service wholesaler does, like marketing, retailer site selection or personnel training. Due to the limited nature of their services, they have lower operating costs but are also limited to lower profit margins as well.

Wholesalers, in order to keep their operating expenses down, often deal only with companies or with clients able to meet minimum orders, whether monetary or by item count. This can make things difficult on a small business or sole proprietorship looking to reduce cost-of-goods-sold. However, there are many wholesalers or wholesaler-like companies that cater to smaller-volume customers. This is where companies like Costco or Wal-mart’s Sam’s Club come in–as Costco and Sam’s Club are not technically wholesalers, but direct-retailers with lower operating costs, buying in smaller bulk volumes from a company that uses this business plan is often a viable compromise between the lower rates but logistical issues of a standard wholesaler, and the lower profit margins of buying from a retailer, and may make all the difference to a small company operating on a shoestring.

© 2005, Wholesale Pages UK. All rights reserved.

How to Do a Wholesale Deal

June 30, 2009 by admin  
Filed under Real Estate

Charrissa Cawley asked:


If today’s troubled national economic situation has you more than a little fearful of investing any of your limited cash reserves in real estate right now or you, too, are one of the millions that have gotten pink slips from your employer, but you still want to partake of the bountiful bonanza of available properties, there’s a way for you to do it without stress or risk.  You can do it by gingerly testing the real estate waters by cautiously dipping your big toe into the highly lucrative wholesale real estate market. 

Wholesaling a real estate deal isn’t a difficult transaction, but there are a few things you need to keep in mind if you want to be successful with this strategy.  First, wholesaling is where you essentially act as a middle man.  If you want to buy a brand new car, rather than go to Detroit – which for most of us isn’t practical – you instead go to a new car dealership and buy one off of their lot.  The dealership has taken delivery of the car and they act as a middleman, selling the car to you for more than they paid for it.  The difference between what they paid and what they charge you is their profit.  It’s no different with a wholesale real estate deal.

The first step in the wholesaling process is locating a property that makes sense for wholesaling.  All that’s required is that you locate a distressed property owner who is interested in getting out from underneath the crushing burden of a property they can no longer afford or that they no longer want.

Once you’ve located the property, you simply negotiate a sales price that leaves you room to turn a profit.  If you determine that a property has an after repair value of $100,000 (based on $10,000 in repairs), you should offer no more than 40%-50% of that figure.  The reason for this is to ensure that you can turn a good profit while enabling another investor to rehab the property and earn a substantial immediate return on the investment.

After placing the property under contract, you locate an investor who is interested in rehabbing the property and taking ownership.  Instead of closing on the property yourself, you assign your sales contract with the seller to the investor, who will pay you a fee of $5,000-$10,000 for the property (which is your profit).

While it may seem like a dream come true, this strategy is successfully used every day by investors without cash or credit to profit from real estate and generate the cash they need for wholesale property investments of their own.

After you’ve done a few of these deals yourself, you might decide you’d like to try your hand at creating the potential for a much larger payday.  Instead of locating a property to assign to another investor, you could be that other investor.  You could let another investor go through the preliminary steps of locating a property for you.  Once they’ve placed it under contract, they bring it to you and you negotiate to take their contract off their hands for an amount that you agree upon.  Once executed, you close on the property with the seller, complete the rehab on the property, and you’re done.  Quick, sweet, and to the point.  You have instant equity and you can hold the property as a stream of on-going monthly income.

Wholesaling real estate is a simple process for building real wealth quickly and easily.  Whether you decide to step into the real estate investing pool by dipping a toe into the water and wholesaling a property to another investor or you dive into the deep end and take another investor’s assigned sales contract off his or her hands and rehab it yourself, the promise of huge profits should keep you motivated to repeat this process over and over again.

This is just one way you can participate in the exciting world of real estate investing.  There are many others as well.  To learn more about this and other winning techniques that will allow you to secure your future in real estate, go to www.REIconferences.com today and tap into all of the tools available to help ensure your success.



What Happens If I Can Not Find A Buyer For The Property That I Am Trying To Wholesale?

June 24, 2009 by admin  
Filed under Real Estate

Eddie Case asked:


Ok so you have the Motivated Seller \”locked-up\” with an iron-clad sales contract on a deal that can make you a SWEET paycheck! CONGRADULATIONS man!

Now all you need is an Investor/Buyer to swoop in and cinch the deal for you! What? No Buyer? No takers for this incredibly fine deal? Uh-Oh! NOW WHAT?

Well, If you have build a strong enough buyers list this should never be the case, there should ALWAYS be a buyer waiting for your deals. But, sometimes when we are just getting started as new wholesalers this situation will rear its ugly head! So what happens when I have NO BUYER for my wholesale deal?

Well its really not that bad of a problem. Since wholesalers never buy anything themselves, and since we usually have only put a very small earnest money deposit down on the property to secure the sales contract, all we have to do is \”walk form the deal\”. The worst that can happen to us as wholesalers is we might lose our deposit money, PERIOD! That\’s the worst that can possibly happen to us.

If we only put down the recommended $ 1.00 to $ 100.00 deposit when we signed the sales contract with the motivated seller we are ONLY at risk of losing at most $ 100.00 Max.! That\’s the only risk that a wholesaler will EVER take when putting deals together with sellers.

Not having an Investor/Buyer is not always the end of the deal. One great way to unload a property fast that you do not have a buyer for, is to flip your contract to another wholesaler in your town for a \”Bird-Dog\” fee. If the deal is really a good one, the other Wholesalers is your town will gladly pay you a nice \”Bird-Dog\” fee ($ 500.00 to $ 1,000.00 or more!) to take that deal off of your plate.

I tell all new wholesalers to get to know all of the competing wholesalers in their town. Get to know as many as you can, and NETWORK with them. Enough can not be said about the POWER of NETWORKING with other investors in your town.

If you have a deal that has a potential $ 7,500.00 to $ 10,000.00 or more in wholesale deal potential profit, another wholesaler will gladly pay you $ 500.00 to $ 1,000.00 or more for the interest in that \”assignable contract. So all you have to do is assign the contract to the other wholesaler for an agreed upon fee. Its that simple.

If no other wholesale investor wants the deal you just simply forfeit your contract with the original seller and move on. This is the absolute worst case scenario that any wholesaler will ever face. Nothing gained, but nothing really lost either! Got it? Good!

20 Free FAQ videos about real estate wholesaling here? www.FAQMentor.com