How to source profitable products to sell online
by
Published on 26th June 2017 01:04 PM
How to source profitable products to sell online
Finding your inventory is not a simple task. It can make or break a store’s early life and, even if you are an established hand, could transform your profit margins for the better. It’s vital to find the right suppliers and, in the age of the internet, simpler than ever.
Depending on what exactly you are looking for - which will be influence by factors including your budget and interest in your product - there are a variety of strategies that could be perfect for you. As experts in international trade,
ParcelHero has worked with Small and medium-sized enterprises to grow their business using a variety of tactics and have shared some of their thoughts with us.
eBid
eBid is a treasure trove of rare and valuable items. For savvy shoppers who are willing to spend some time sifting through the auctions, there are big savings on high profit items to be had. Be sure to check for auctions that are spelled badly or incorrectly categorised, as they often go for big discounts.
Surplus stores
The internet is not the only place you can find desirable items at a cheap price. Offline local surplus stores are a fixture the world over, offering customers the chance to get discounts on high quality goods. You’re most likely to see military surplus stores, but they exist in many shapes and forms, with goods ranging from cosmetics to clothing.
If you’re careful hunting around these stores, you can find a variety of high quality goods that can fetch a premium when selling them on. And if you’re a regular at the store, establishing a good rapport with the owner can not only improve your buying experience, but sometimes net you discounts on bulk orders. Once you’ve trawled for deals, you can turn around and immediately sell the items at eBid to a vastly larger network of buyers from all over the world.
Message from eBid Forums