Top Ten eBay Wholesale Product Sourcing Tips

You undoubtedly want to see your eBay business become a success, and these wholesale product sourcing tips could help you to do just that!

Tip 1 – Research potential products on eBay

Use the eBay Advanced Search functionality to discover what particular products are selling well within your niche, but don’t have too much competition. Research is a fundamentally important step to finding the best products to sell.

Tip 2 – Start the search for a wholesale supplier

Use search engines, directories and your local phone book to shortlist some potential wholesale suppliers. There will be a lot of choice, but you will soon be able to filter your list down to a final few.

Tip 3 – Find a wholesale supplier that you can contact

Don’t fall into the trap of choosing a wholesaler that can only be contacted via email. An email can easily go unanswered, so ensure that before you do a deal you speak to a real person on the phone.

Tip 4 – Read reviews of wholesale suppliers and products

You don’t want to spend your hard earned cash on a mediocre product that won’t sell, or on a supplier that won’t deliver. Search for reviews to save you making a costly mistake.

Tip 5 – Receive a sample shipment of your product

Once you have an idea as to the product that you want to sell you should ask a wholesale supplier to send you a sample. Not only will this sample allow you to tell if the product is of a high quality, but you will also be able to list your samples on eBay to see how well they sell.

Tip 6 – Bargain for the best price

Be upfront with your wholesale supplier and bargain down the price. This is one of the most crucial wholesale product sourcing tips, as many people will simply accept the given price without even attempting to push it down.

Tip 7 – Never buy too much of one product

Although you will certainly find that wholesale suppliers offer better rates for bulk deals, buying too much of one product could leave you in a sticky spot. What if demand for the product suddenly dries up? Or what if a rival starts selling the product at a price that you can’t afford to match?

Tip 8 – Don’t list all of your products at once

If you do buy an item in bulk you should never list all of your chosen items at once. If a buyer is led to believe that there is only five of a particular item left, they are more likely to impulse buy than if there are fifty.

Tip 9 – Don’t be afraid to use multiple wholesale suppliers

As a beginner it is good to get used to using one wholesale supplier, but once your eBay business picks up steam you might find that several suppliers can meet your need better than one. This also allows you to play wholesalers off each other for a better deal if they are both selling your chosen product.

Tip 10 – Keep your finger on eBay’s pulse

All of these wholesale product sourcing tips will be in vain if you don’t keep up to date with what is happening in the life of eBay. Spend time digging around the Advanced Search and eBay Pulse to ensure that your wholesale sourced products will sell.
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