![]() | |
![]() | |
![]() |
Net Auctions and Auction Information |
|
![]() |
Importing Products to Sell on eBay
The interesting thing about online buyers is they are extremely price sensitive. A survey done by Forrester Research shows that 73 percent of surveyed online buyers expect prices on the Internet to be cheaper than in stores. No wonder auction marketplaces are thriving. Among the most popular auction marketplaces growth of eBay is especially notable! Its market share is growing at roughly twice the pace of the over all market. So, it's only natural if you like many other wannabe entrepreneurs thinking seriously to start an eBay business. Say, after spending long hours on the eBay and doing much research offline and online, you finally have come up with a niche category of products to sell. But, there is one little problem! You don't have a slightest clue where to get regular supply of this product for wholesale price. Often, entrepreneurs with great product ideas fail to materialize their dream business plan just because they are unable to find a right supplier. How to tackle this problem? Finding a local supplier Success in any trading business depends not only on how good you are in selling, it also relies greatly on your ability to source the product at right cost. If you have a fairly large list of products that you are considering to work with you have a variety of options to choose from. You may start your eBay auctioning business based on local liquidators, closeout dealers, government auctions, newspaper classified or Drop-shippers (http://ezine.rusbiz.com/article/39). But to start a real niche business you need to find a constant source supplier, which could be a manufacturer, a distributor or a wholesaler. Obviously, Internet is the easiest place to get the initial contact information. Try http://www.thomasnet.com/ or http://www.tgrnet.com/ - both websites are good information sources for industrial products manufacturers. Bear in mind that many manufacturers simply aren't able to handle small orders and don't sell products directly to retailers. Some times, the minimum sales lot is way too big for a small start-up company to manage. However, even if the manufacturer does not sell directly to retail levels, they will provide you with information on their products and refer you to their wholesaler or distributor companies, which will be in a position to cater your needs. For some category of products, your best option is to attend trade or industry shows in order to locate a supplier. Check out websites of some exhibition centers in your vicinity and find one or two trade shows of your area of interest. Make sure that participants of the trade show are distributors and wholesalers as oppose to large manufacturers. After all, you need to find a supplier who will agree to work with your initial small orders. Trade journals or publications of your related field also could be a great source in your quest to find a supplier. Trade journals publish information on industry trend, articles on major players, various industry related event schedules such as trade shows, and often carry classified sections. Sometimes, they also publish specialty issues such as a buyer's guide or a who's who issue. You may consider getting those issues by contacting the publishers. Professional and trade associations similar to local chamber of commerce and other groups offer a variety of services, which are extremely useful to members and general people a like. Promotion of the industry and its products and referral services for buyers trying to find specific products are some of the services that they offer. You should not hesitate to contact these organizations for help. Importing Competition in world's largest electronic marketplace is fierce! If you have to buy products from a middleman, you may find that your prices are not workable at all. What to do? Since most of the consumers products are imported any way, you may consider outsourcing your product from a foreign country. Today, thanks to globalization importing products are no longer as difficult as it used to be! If you are trying to buy a labor-intensive product, the best places are probably China - which is the hottest at this time, India, Thailand, Vietnam, Bangladesh and some other Asian countries. If you are looking for medium quality electronics and computer parts, your options are China, Taiwan, Korea, Singapore, etc. For high-end designer products Italy, Germany and France are your best bet. For intellectual property related products, Russia and other Eastern European countries are still a paradise. There is a good chance of finding a supplier through online B2B portals. If you are looking for a supplier from China you may try www.alibaba.com and www.globalsources.com. Two of the largest trade leads aggregators on the Internet. For products from India you may try searching the database of both www.indiamart.com and www.trade-india.com. For products from Russia and other CIS countries www.rusbiz.com is a great option. Here are the steps you must take in order to import products successfully: ? Locate several suppliers either through online resources or by contacting Trade Commissions of respective countries. ? Contact the suppliers and see if they are in a position to deliver the right product. Make sure that the suppliers are not your direct competitors. Many foreign suppliers are actively selling products through eBay. ? If you find their price and quality of the product are acceptable get several samples. It is very important to give them an exact copy of the product you are looking for. Without a prototype you might end up getting something far different than you expected. ? Work out your cost, which include buying cost, packaging, shipping, insurance, customs duty, excise duty if any, financing and handling charges, etc. You may also incur other expenses depending on products and your location. ? Check out your supplier. If possible make a trip to visit the supplier. Ask for references. Contact their bankers if necessary. Importing requires absolute due diligence. ? Check with a logistics consultant about shipping and exporting rules of the country. ? Contact a customs broker to verify latest duty and other regulations related to importing of this particular product. ? Don't forget to consider product life cycle, shipping time, seasonality of the product and other characteristics specific to your product. Importantly, do your homework! You can sure make money by importing and selling goods on eBay. Thousands are already doing this. But, the key to success relies on your entrepreneurial spirit, due preparation, sound judgment and hard work. If you think you are ready, go for it! Nowshade Kabir, is the founder, primary developer and present CEO of Rusbiz.com - a Global B2B Exchange with solutions to create e-catalog, Web store, business process management and other features to run a business online. You can read various articles written by Nowshade Kabir at http://ezine.rusbiz.com.
MORE RESOURCES: Vendor who bought $1.7m brick two-bedroom Sydney house sells for $8.15m The Sydney Morning Herald Massive Mars rock from outer space could fetch up to $4M at prestigious Sotheby's auction Fox Business Oklahoma farmer killed by water buffaloes he bought at auction the day before, police say - CBS News Why the Willie Mays memorabilia auction is a missed opportunity for the Giants San Francisco Chronicle DNR auctioning off more than 120 properties across Michigan in 2025; here's how to bid WXYZ Channel 7 Signed Marilyn Monroe passport photo taken for honeymoon with Joe DiMaggio sells for over $21K at auction New York Post Broad Arrow inaugural Las Vegas auction in conjunction with Concours at Wynn Las Vegas Old Cars Weekly ARCHIVES INTERNATIONAL AUCTIONS TO OFFER A BINION’S $10,000 NOTE, HOUDINI SIGNATURE, AND RARE U.S. BANKNOTES IN THEIR JULY 23RD SALE Numismatic News Pettegrew & Mykris Online Auction: Closing Wednesday, July 23, 2025 chadronradio.com River, lakefront and forested land among the 126 properties in DNR’s ‘surplus land’ auction MLive.com Lancaster Quilt Auction Draws Buyers and Quilts from Around the World Lancaster Farming Third Major Boston Building Heads to Auction Amid Market Shifts Boston Real Estate Times ULM Athletics Partners with Live Source for Online Auctions University of Louisiana Monroe Athletics Broad Arrow inaugural Las Vegas auction in conjunction with Concours at Wynn Las Vegas Archives Old Cars Weekly Chinese ETS firms to hold first CEA auctions on Wednesday Quantum Commodity Intelligence BINAC Computer Manual, Shackleton Presentation Copy, Blue Paper Euclid: Auction Preview Fine Books Magazine Metairie Towers redevelopment scrapped, property headed to auction New Orleans CityBusiness Michigan DNR land auction includes lakefront property, an island, and hundreds of acres of space FOX 2 Detroit Original Hermès Birkin Bag Fetches $10.1 Million at Auction Galerie Magazine Poland allocates 1.67 GW of PV in renewables auctions pv magazine International PJM Capacity Auction for 2026/2027 Delivery Year Opens PJM Inside Lines Treasury Auctions In Plain English Real Investment Advice Fly bid: Disney Dumbo ride vehicle sells for $150,000 at auction Orlando Sentinel Martian Giant Meteorite Heads to Auction at Sotheby’s in New York La Voce di New York Helen Witte continues 4-H pie auction tradition News Banner House members seek answers from grid operator as rate-setting electricity auction begins New Jersey Monitor 07/13/25 Sun., 10:02 a.m.; jct. MessageMedia.co “You have to use a little misdirection” — Storage Wars star Brandi Passante explains how she reads her rivals to win auctions primetimer.com World’s biggest Mars rock could sell for $4 million at auction Newspressnow.com Scotland’s Peterhead, Shetland auctions see prices for large cod lift in week 28 - Undercurrent News "Ukrzaliznytsia" announced auctions for the sale of crushed stone from its own quarries: when the bidding will take place Українські Національні Новини Price drops, interest – zero: another failed auction for the Moscow House Baltic News Network Auction result of Treasury Bills - RIKV 25 1119 GlobeNewswire JB 1 license plate gets huge $472,000 bid in auction and it only gets higher and higher from there supercarblondie.com Jane Birkin's original Hermès bag sells for $10.1 million at Paris auction NBC10 Philadelphia Govt cancels 1st auction of ore dumps, to alter procedure The Times of India The biggest piece of Mars on Earth is going up for auction in New York Wisconsin State Journal Sotheby’s to auction largest Mars rock ever found on Earth in New York; here’s how it came to our planet The Times of India Largest piece of Mars on Earth up for auction at Sotheby’s in New York - Latest news from Azerbaijan Largest piece of Mars on Earth up for auction at Sotheby’s in New York Latest news from Azerbaijan Brookfield, Stonepeak, and Air Liquide shortlisted in $3.6bn DIG Airgas auction Private Equity Wire My Plates Launches Two Letter Texas Plate Auction! The Gilmer Mirror NO RESERVE AUCTION: LAKE TENKILLER LODGE Tulsa World The biggest piece of Mars on Earth is going up for auction in New York JHNewsAndGuide.com Worth its weight in mold: You won’t believe what this brick of smelly, green cheese fetched at auction New York Post The Original Birkin Bag Sells for $10.1 Million at Auction - WSJ The Wall Street Journal Talking Couture, the Birkin Auction, and Anna Wintour with Dana Thomas Back Row | Amy Odell The biggest piece of Mars on Earth is going up for auction in New York Omaha World-Herald The biggest piece of Mars on Earth is going up for auction in New York Statesville Record |
![]() |
![]() |
![]() |
RELATED ARTICLES
6 Reasons Why an eBay Business is the Easiest and Safest Home Business to Start Calling internet auctions an "Entrepreneur's Dream" isn't poetic license or part of the get-rich-quick rhetoric. Net auctions are the simplest, easiest way on this planet for the little guy to make money. Get More for Your Money Shopping for Designer Shoes on eBay The worlds online market place.In just a few short years eBay has become a household name and millions of people are registered users benefiting from the enormous variety of auctions listed every day. An Introduction To eBay Consignment After I started selling on eBay, I was approached by friends without computers who wanted me to sell their items for them. They had heard stories about the outrageous prices items some ebay auctions brought. Save on EBay Fees with Free Image Hosting Experienced sellers at online auction sites such as EBay will tell you that the single most effective tool of persuasion is a good image. Multiple images are even better. Dont Sell Grandmas Jewelry at a Yard Sale...Get More Money Have some vintage jewelry? There are several ways you can sell collectible or vintage costume jewelry. How much your vintage jewelry is worth depends on several things. How To Find Tons of Hot Items Selling On EBay ...In Less Than 10 Minutes There are many ways to start a home business online, and few are easier than eBay - the world's largest online auction site. However, there is one critical condition - you have to know what to sell and how to sell it. Rent A Coder & Other Service Auctions You may be in the market for a new website. Perhaps you may be looking for a new logo or a database constructed for yourself or a small business. How to Sell Your Crafts on eBay Artists, craftspeople and photographers are successfully selling their wares everyday on the online auction site, eBay. According to a recent analysis of eBay sales, a crafts-related item is sold every nine seconds, a scrapbook item is sold every minute, and 40 cross-stitch items sell in an hour on eBay. Authentic or Fake? 1. Admit It: Old business models are no longer working. Photos on my eBay Auctions: How Do I Add Them? On another forum I'm involved with, someone's asked a great question: I want to sell products on eBay, but I want to include photographs with my items. How do I do that? What kind of camera do I need, and what settings should I use?The first step is to buy a digital camera. Snipe Your Way to Auction Success Bidding for a bargain is all part of the exciting eBay experience. But what can really disappoint is when you're all set to win that fantastic, gold plated gizmo and someone else just beats your bid in the very last minute. To eBay or NOT to eBay FACT: eBay's Gross Merchandise Sales (GMS) 2003 - GMS, the total value of items sold, was a record $24 billion, representing a 60% year-over-year increase from the $15 billion reported in the full year 2002FACT:Over 79 million times a day, eBay users find products and brands of their choice.FACT:In the final quarter of 2003, reported and increase of 41. Multiple Income Streams on eBay within 30 Minutes! POWERSELL Status, the secrets revealed.If like thousands of people you have been using eBay and wondering how to gain a regular income, and work from home, this article will help you. From Ebay Zero To Power-Selling Hero: What It Takes Have you ever wondered what it takes to be "the best of the best"; to outcompete everyone who tries to dowhat you are doing--and to keep them guessing exactlywhat it is that makes you so much better?If you've ever owned a commercial website before, youknow who these people are: they're the ones who sell the same product as you, but make $200,000 each year doing it. They have top rankings on search engines, flocks of loyal visitors, and a mailing list with500,000 subscribers. 7 Great Reasons Why You Should Start an EBay Business Today EBay is a great part or full time business. An Ebay Business can be used as a way to promote your Online Home Based Business. Do You Pay Taxes On eBay Income? Q: I read your last column about paying income tax on eBay sales if you are doing it as a business, but as someone who only sells on eBay occasionally I'm still confused if the IRS rules apply to me. Can you tell me more?-- Norman L. How To Sell On Ebay: Pricing Strategy Many new Ebay sellers make one of two mistakes: eitherthey overprice items to an unsellable extreme; or theylose money on every transaction by setting low startingprices with no restrictions.In this lesson, I am going to go over which pricing strategies to use and when if you are using a ten-dayauction setup. What YOU Must Know About The Advantages And Pitfalls Of Dropshipping The following may be the most important information about dropshipping you will find.Dropshipping can be a great way to get started with your online venture. The Benefits of Buying and Selling Locally Shop at a flea market in Oaxaca, Mexico. Trade with a vendor in London, England. Your eBay Business - 8 Ways To Insure Its Success I don't know if you've ever noticed, but it seems like every week or two we read about another Powerseller going out of business.If you want your auction business to be a long-term success, then it's important that you plan now for it's continued growth. ![]() |
home | site map |
© 2006 |