19/2/10 Powerseller Profiteer Newsletter

Your search for wholesale suppliers ends inside…   

Hello!

Finding legitimate wholesale suppliers is about to get easier 

Firstly I want to thank you for all your emails and the fabulous feedback I’ve received over the past week about The Ultimate eBay Success System. As you know, your feedback is really important to me because it helps me improve on the information I pass on to you and I love hearing about your success stories – there have been a quite a few of those this week which is great to hear. Please keep your feedback emails coming!

So, on the subject of feedback and emails and from the amount I receive on a weekly basis asking me to help with product sourcing for one niche or another, it’s no big secret that finding those often illusive eBay wholesale sources is sometimes the most challenging aspect of running an eBay business. Indeed it was the part I found the most time-consuming and frustrating when I started my own eBay business five years ago. It stands to reason that buying products for 50% or even less of their retail value and selling them on at close to full price will dramatically increase your profit margins. And that’s all well and good, but the big question is how do you actually go about finding these secret eBay wholesale sources? If they are so secret then how can you possibly know where they are? You've done your research so you know what you should be selling but where do you find the actual products at prices cheap enough to make a profit on eBay? 

If you are struggling to source products at wholesale prices to resell on eBay then you’ll know what I’m talking about, but don’t worry because you are not alone.  

I’m sure you know the drill by now - you need a source of low priced goods that are in demand that you can then sell on eBay for profit. It's not rocket science, and once you've done it once, you can do it over and over with as many products as you want and have yourself a very nice profitable business!  

Many people (me included at the beginning of my eBay career) jump straight onto the internet to start searching using generalised terms such as ‘best wholesalers’ or ‘eBay wholesale suppliers’, and whilst this is a perfectly acceptable way of finding wholesale sources to suit your needs, the top results are likely to be in highly competitive markets and it’s also likely it will simply take hours of time for you to find what you are looking for.

Wholesalers aren’t ‘hiding’ – you just need to know where to look 

Do you know, finding wholesalers is not actually a difficult job at all! In fact, you may not be aware of this but there are likely to be loads of them within a few miles of your own location!

Look, here’s one incredibly simple method to get you started. It’s basic, but so often completely overlooked.

- Go to the Yellow Pages homepage at Yell.com

- Enter the term ‘wholesale’ into the search bar, along with your location

- Click the search button

A list of wholesalers local to you will be returned, split into different categories. If no results are returned just try broadening the location field to your county rather than your town or city and you will start to become aware of the possibilities that many people are missing.

Take Costco for example. This is a massive, no-frills company with a string of cash and carry warehouses throughout loads of different areas across the  UK and further afield too, so there’s almost certainly going to be one near you. This is exactly the type of wholesaler that will be returned in your Yellow Pages search yet many people dismiss cash and carry warehouses because they think, wrongly, that they supply only food and drink.

Costco in fact sell high quality, branded and some private-label merchandise with a range that changes almost on a daily basis including bedding, office products, toys, cameras and other electrical goods. Their low prices make their range perfect for you to purchase and then resell on eBay. Now, you do need to be aware that there is a small membership fee to join as with most cash and carry stores, and there is some criteria that you will need to adhere to such as being able to supply proof of business trading (a business letterhead will be accepted though) or if you haven’t got your business up and running yet, you can still join if you are a employed within (or you know someone else who is employed within and who can join for you) a particular profession such as the Civil Service, Police Force, Banking, Medical etc, so you shouldn’t have any trouble. What’s great too is that they open really early in the morning and stay open late at night so you can pay them a visit outside of the usual working hours if necessary.

This is exactly the type of supplier that you should be considering if you are starting up your eBay business and are embarking on your first wholesaler search and one that you should check out if you already have an established eBay business and want to locally source quality products. Don’t feel that you should immediately start looking at International suppliers for your wholesale goods. It’s true that you will be able to find some incredibly cheap products in China and the USA that you can sell on for a massive profit – I use international suppliers all the time - but you should also be aware that some companies offering goods, especially brand name goods are actually only offering cheap imitations or worst case scenario, they do not actually have the goods at all. Buying from overseas is a great way to make money once you know what you are doing and you know how to source a quality product from a reliable company, but when you are just starting out you might find it more convenient to search a little closer to home.

And there are also distinct advantages to utilising these eBay wholesale sources that are local to you. You can build a face to face relationship with your supplier and you can go to a physical location and see and handle the products that you are buying before committing to purchase. It’s true; you won’t be able to source goods for as low a price as you might have, had you gone overseas or to purely online wholesalers (though you’d be surprised what a little haggling and an offer to buy in bulk can achieve), but sourcing locally is a good introduction to researching and sourcing wholesalers on your route to eBay success.

Wholesale sources revealed 

So, with this sourcing strategy in mind, this week to help you further, I want to tell you a little bit about a brilliant source that has helped me find some really excellent wholesale suppliers. I’ve actually been using this source of information for some time now but a couple of weeks ago, I received the new updated edition and I’ve been spending some time checking out the suppliers to see what they are offering so that I can give you my opinion.  

First though, I want to reassure you that this source is totally up to date so you don’t need to worry about outdated information or links that don’t work or anything like that! I wouldn’t recommend it if it wasn’t up to scratch!  

What am I going on about? Well, now into its third edition and including hundreds of reputable, legitimate wholesalers, I’m talking about The Secret Source Directory.

I want to tell you about this because it’s absolutely bursting at the seams with little known wholesale sources, secret shops, invisible websites that even Google can’t find, auctions, sources of repossessed goods, overstocks, liquidation merchandise – the list is endless and to be honest I refer to this directory pretty much on a daily basis now, and not just when I need new wholesale sources for my eBay business, but also in my personal life too to ensure I get the best deals whatever I’m buying! Holidays, household stuff, cars – it’s all there! 

I’m not joking – The Secret Source Directory gives you the actual contact names, numbers, addresses and website details for loads of sources that you would have difficulty finding under your own steam. These secret sources are perfect for you if you are thinking of selling on eBay or are already selling and want to add to your product inventory or if you have your own website and want to increase your stock levels with some high quality, high margin goods and as I’ve said, it’s also really useful if you want to get a bargain holiday, a cut price kitchen or discounted furniture and such like.

Here’s a taster of the kind of information you’ll get:

• Dozens of non-listed phone numbers for wholesalers and suppliers   
• How to get your hands on brand new appliances, kitchen and computer goods   
• Secret vouchers that guarantee you will get a good deal on loads of products  
• Contact information for wholesale websites that aren’t listed in the search engines  
• Confidential import sources  
• Direct contact information for overruns, samples, catalogue returns and end-of-line goods...   

There’s loads of other stuff too and it’s all set out in a really simple way that’s easy to refer to. Everything is categorised, so if you are looking for a clothing wholesaler for example, simply go to the trade contacts section and look under ‘Clothing’ where you will find a huge list of contact details. It’s the same with books, cosmetics and many more popular eBay selling niches.  

Everything is in alphabetical order and there are a wealth of tips along the way for you too such as ‘safe sourcing’ which is a great bonus. Seriously, I could go on about this for ages because it’s such a useful source and there’s loads I haven’t mentioned here, so why don’t you take a look for yourself. You can get all the details you need over at The Secret Source Directory.

As you know, I will never recommend anything that I haven’t tried myself and this definitely lives up to its name. 

As always I wish you the very best of success, 

Amanda 

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I produce this newsletter on the understanding that these are my own personal opinions and experiences, which are as accurate as possible at the time of publication. I cannot be held responsible for any error in details, accuracy or judgment whatsoever. 

© Amanda O’Brien 2010

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