Internet Secrets

Have you ever noticed how there are always big sales right before the holiday season with some shops offering up to 80% discounts? Well you probably have and you also probably quite happy to take advantage of those discounts and buy something for let’s say $200 which on any other day would cost you $1000 and after making that purchase you probably will be quite happy thinking that you saved yourself $800. Well let me tell you something I used to work in retail a while ago and I was shocked at the margins on some products and also retail shops never sell anything at a loss they always make money on each sale. Getting back to the margins let’s look at a simple t-shirt example let’s say on average half decent t-shirt will cost about $50 in a shop during the holiday sales the shop will probably offer it at 50% discount so people would look at it and see a good saving of $25 and be quite happy with this savings well now the shocking truth that the shop probably paid about $2.50 for that t-shit and still even after a %50 discount the shop will still make allot of money. Did you know that you could actually buy directly from the same supplier and it will cost you about $5 per t-shit plus few bucks for deliver so now you can actually not only save more on a product but you will save on petrol as well as you do not have to drive to the shop. Also when you buy direct from suppliers you do not have to wait for specials or holidays or anything else you get the same low price every day of the year.  Here are some examples of products and prices I posted earlier :

http://internetsecrets.blogtown.co.nz/2009/07/19/wholesale-products-and-prices-examples/

http://internetsecrets.blogtown.co.nz/2009/05/07/most-asked-questions-about-wholesale/

Now you probably thinking well that’s all good but how do I find those suppliers and how do I contact them? Well there is quite a simple answer to this question there is this website, which offers you an access to over 6000 verified suppliers and wholesalers the admins of the website constantly review and verify all the suppliers they also offer you a support forums and are happy to help you find any product you need. I have joined the website about three years ago and since virtually have not bought anything from the local shops except for groceries and in some cases when I just could not wait for the shipping otherwise all my purchases were made online from the wholesale suppliers. Looking back I probably saved myself over 50000 over the past three years by buying online as everything I have including tvs and all electronics were purchased online.

First I have to apologize to our frequent readers about not posting anything for a while. But as some of you may be aware of is that this blog is provided by http://www.wizit.co.nz and in the last 3 weeks we have been quite busy redesigning and improving our main website http://www.wizit.co.nz. Just to let you know we finally finished most of the work and the new and improved website is now online. We have also added a forum section and a reviews section. Please check them out. Shortly we will be releasing a link exchange section as well. Memberships at http://www.wizit.co.nz  are free as we dedicated to provide as much free information as possible. Also to celebrate our new design we giving away a welcome bonus to all new members the bonus consist of 4 really good eBooks.  And just to say we will continue to update this blog on a regular basis but this blog contains only a small fraction of information and resources which are available at our main website.  We wish you all the best and hoping to see you soon at our forums.

http://www.wizit.co.nz

Wholesale products examples
Due to a high number of emails asking me to provide more examples on salehoo wholesale suppliers and products I have decide to publish this post. In this post I will basically provide examples of products and pricing from salehoo suppliers and examples of the same product sold on ebay. There are two main reasons why I am comparing prices to ebay first is that ebay is global website with a very high competition so the prices on ebay are generally slightly lower than on the local websites such as trademe etc. And the second reason is so I do not have to do currency conversions between USD and local currencies. All the examples bellow have prices in USD.
 

Example 1 Nokia N98
Ebay

Salehoo

Example 2 Clothing 
With this example I have a screenshot of a small subset of different clothing items from one of the supplier with prices. This prices are about 200% -300% cheaper than comparable items in stores or online from general retailers

Example 3 Electronics
Here are some screenshots of electronics products and prices you can get via Salehoo wholesale list.

The above is just a small subset of products you can get via salehoo wholesalers. Generally with this wholesalers you can get products anywhere from about 300%  to 20%  cheaper then retail prices. Also as a salehoo member you will receive special deals from wholesalers which are only available through salehoo. Salehoo membership costs about $60 that gives you lifetime access to all the suppliers (verified by salehoo admins) also it gives you the access to support forums and to research lab which is one of the most powerful tools available on the internet for product research. Another cool thing is many salehoo suppliers allow drop shipping which means they will deliver product directly to your customer so you don’t have to hold the stocks. There are more on drop shipping in my earlier posts in this blog.

Salehoo website here
If you need an example of a particular product and the price you can get it for let me know and I will check it out for you.

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Fleeced, ripped-off, cheated, conned. We’re all afraid of losing money to wholesalers who turn out not to be the real deal. The horror stories can certainly be very off putting – especially to those just getting started. The trick is to spot it and stop it before it’s too late!

So what are signs that you’re dealing with a crook?

In our experience, there are 6 particular indications that you may not be dealing with a legitimate wholesaler:

• The wholesaler doesn’t sound business-like or professional when answering the phone. For example, he will answer with a plain ‘Yes?’ or ‘Hello?’, without identifying himself or the business name.
• The wholesaler doesn’t request your business license or sales tax ID during the initial contacts. Most true wholesalers will require one of these. While this is not a hugely important deal, if you are looking at dealing in large amounts you will need to get registered and should check that the wholesaler is registered as well.
• The wholesaler gets shifty when you request a product sample. Most wholesaler are only to happy to offer a sample of their product (usually at a higher price) so if they do not offer this be careful and question their reasons for not offering one.
• The wholesaler’s claims to take a secure form of payment (credit card, Paypal etc…) but later turns around and says they only accept wire transfer or western union. Not all wholesalers that take western union and wire transfer are scammers, but this is the most common way scammers operate and you should always steer on the side of caution if you are asked to pay be these methods when not having dealt with or knowing the person first.
• Their website offers no physical address or contact phone for you to get hold of them. Be blunt, ask them for a contact address and phone number and if it is ok if you come in and have a look around their offices. If they are serious this will be no problem at all for them.
• They claim they don’t currently have stock in and still expect you to pay up front. If this has been happening make sure you get some photographic evidence of their stock with the days newspaper or something (while this doesn’t always work, it means some one must have stock that they know

Although these are not hard and fast rules, you should certainly proceed with caution if one or more of the above apply to a new wholesale contact you have made. If you have any tips to add or past experiences then we’d love to hear from you. Your experience is valuable to the SaleHoo community and I’m sure others would appreciate your comments.

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I have just been looking through this blog statistics and found that majority of visitors who visit this blog search for the following keywords in google.
drop shipping
importing from china advice
make cash internet auctions
trademe secrets guide business
most popular items on trademe
importing goods pros and cons
ddp dropshipment
selling on trademe
how to import goods from china
ebay resell
wholesaler
good wholesalers
reliable items to sell
cheap mobile phones to resell
cheap electronics wholesalers
where to buy cheap items to resell
where ebay power sellers buy their product from
how people buy cheap items to resell on trademe
where to buy cheap to resell
So if you one of them and looking for the information on any of the above then you came to the right place. I have been importing items from all over the world myself for about 3 years now and I have to say so far it’s been quite profitable. In this post I will address some of the main questions which are faced by anyone who is importing or planning to start importing to make some money.
Question 1) Where to buy products at wholesale price?
This is probably one of the hardest questions to answer. If you where to go and do a search on google for wholesale products you will get about 18000000 results and if you are doing your initial research that’s 18 million potential websites you have to look it. Lets say if you were to continue doing a good research you would probably narrow it down to about 10 -15 websites which may look more or less reasonable. But now the next question comes up can you trust them?. Well to figure out if you can trust them or not you can do one of the following things you can either do more research on each one of them or can buy something from them and hope it will be delivered to you. Well now if all this goes well you will probably end up with one wholesaler you can trust. But now think how much time and effort you will have to put into the research and how much money you will risk by trying out different wholesalers. To honest that what i did at first and it took me lots of time and effort to do the research and to be honest it did not end up to be profitable at the end of the day. So that got me thinking of how i can improve this process to be faster and less risky and one day i was searching the net for something and came across the website called Salehoo, that day i did some quick research about Salehoo and make a decision to give it a try and to honest I never looked back on that decision. From the moment i joined I suddenly had access to over 5000 wholesalers some of them I never heard of or seen before even after doing all that research manually. One of the best thing i found with Salehoo is their support forum and also the requirements for the wholesaler to get listed with them. Salehoo administrators verify each wholesaler manually they buy products from them before the wholesaler gets listed with them. Also Salehoo members get really good treatment from wholesalers because wholesalers do not want to lose their listing within Salehoo. Also if you have a problem with the wholesaler (never happened to me)  you can get support via forum or even Salehoo administrators will contact the wholesaler on your behalf and resolve any issues. Now I will give you some examples of what you can get via Salehoo.
Example 1 Nokia N96 really hot product this days.
Google search

Well this is 10.4 million results to go through (not practical)
Salehoo Search

Gives you 36 verified suppliers no need to do any research just check the prices to find the cheapest one.
Ok now let’s do a further research on Nokia N96
Trade me Search
I have sorted them by lowest price on top

So we can see that the cheapest Nokia N96 is $900 NZD lets converted to USD = $500
Now let’s check ebay

So we can see from the results its around about $500 USD mark.
Well If they are all selling it at around $500 USD we now ask a question What profit margin are they making and where are they getting it from? Well as to profit margin it depends on the quantity you are buying the more you buy the less you pay for the product the higher margin you get. Well as to where they are buying it from its a different story.
Lets now look at what one of the wholesalers on salehoo is offering Nokia N96 for

Now you can see that the wholesale price is about $190 USD to $240 USD depending on the quantity you buy. At $240 USD you can buy just a single item. So now lets to the math if you were to buy an item at $240 and sell it at $500 you will make $260 instantly. Its normally takes about 5-10 days for a supplier to deliver the item to you. Well that was just one example that sort of sprung to mind just mainly because I recently bought N96 for myself.
Ok this should give you some Idea about where to find suppliers and with salehoo they have suppliers for virtually any product you can imagine.
Question 2) which product to resell and which has the highest margin?
This question is quite an interesting one to answer it you will have to do some research. Here are some things to look for when you doing your research.
Competition – How many other people are selling this product
How popular is the product – do some research on what demand is out there for the product
Based on those 2 criterias you can figure out what is the best product to resell. You need to find the balance between the demand and competition because as competition increase the margins become tighter unless there is a huge demand for the product and as demand decrease it will become harder to sell the item so you may have to drop your margin as well.  With salehoo they recently build a tool called product research into their into their website it’s a great tool to help you with your research and guide you towards a good product to resell.

As you can see from the screenshot of the research tool it gives you the potential opportunity for an item (this research was done for nokia). It also shows you what the item is selling for right now on ebay in the ebay prices tab. It also shows you what other adds are running for that item and what competition is out there and what is the demand for the item.
Its a good tool to get you started but then you may want to do abit more specific research related to your country.

Question 3) What is better to buy product and then resell it or to do dropshiping?
I personally can not recommend, which way you should go I always tend to buy the item and then resell it. But I have heard about some people who are making a fortune using the dropshipping method. I guess what i would recommend is to try both ways and see which one is more suitable for you. If you want you can read about pros and cons of dropshipping here (this is an earlier post I posted here on this blog). But one thing I will say is that most of the suppliers at salehoo do support both methods. So it is really up to you which way you want to go.

I hope this helps someone and if you have any questions you can post a comment here or if you you have a question you do not want to disclose to anyone else you can go to wizit.co.nz and click ask a question in the left hand side menu and put subject “wholesale products” .
Good luck

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http://www.wizit.co.nz — we help ordinary people to ear extraordinary money…….

Visit http://www.wizit.co.nz for more helpfull tips
http://www.wizit.co.nz — we help ordinary people to ear extraordinary money…….

Not sure where to turn to find your stock? The best idea is to find a couple of supply sources for your items so that if one dries up during a busy period, you won’t be left high and dry.

1. Garage Sales

Garage sales can be a great opportunity to pick up potentially valuable items selling for pennies. However, they do require a regular time commitment and a lot of patience! You’ll quite likely travel around 5-8 sales before you find anything suitable. Going around garage sales requires planning and rising early. The best idea is to look through the morning papers as soon as they arrive. Plan your route to make most efficient use of your time so that you are not doubling back. Make a list of items you would like to find and the maximum amount you would pay to make a profit. And finally, don’t forget to take cash! Take small bills and some change as most garage sale owners only have a small amount on hand. It’s a waste of everyone’s time if you have to race down to the ATM machine. Garage sales can be useful sources, but they rely on luck and have a high time cost per item. Thus, serious sellers don’t rely on garage sales as their sole provider.

2. Liquidation sales

Liquidation sales are a fantastic way of finding brand-name items at enormous discounts. Check your newspapers and look for sales in your area. Before buying from a liquidator check to see why the goods are being sold. Most of the time liquidation sales take place for legitimate reasons such as company bankruptcy, store relocation and so on. However, it always pays to check as you don’t want to end up with a pile of stock you can’t shift. Another thing – don’t bother with liquidation stock that is outside the scope of your business. There is no point buying liquidation bicycle equipment just because it’s cheap when you only sell jewelry.

Alternatively, you can find liquidation sites on the Internet – one such site is http://www.liquidation.com. These sites make it extremely easy to buy liquidation, particularly if you live in an outlying area. One thing – just make sure that the possibility of damaged stock and used or returned items included in the lots is small or non-existent.

Liquidation sales are a great way to supplement your stock, but they can’t be relied upon to restock the shelves.

3. Estate sales

Estate sales can be a goldmine for anyone selling jewelry, vintage clothing, books, furniture and so on. Once again, you need to have an idea of how much you can afford to spend before you go. Don’t forget to buy items your customers would like, rather simply getting caught up in your own enthusiasm for what is for sale. Note that estate sales run by an agent are unlikely to garner the same bargains as one run by the family.

4. Clearance stores

At certain times of the year, most major stores will have a stock clear-out sale. Some of these sales give you the opportunity to buy goods 50% or more below the regular retail value. This can be a fantastic opportunity to find items to sell – or replenish your stocks. Good clearance sales can be equal to or even below a good wholesale price. Don’t forget to overlook small hobby shops in your area with clearance sales either. If you know the store is going to have clearance sales regularly, then this can be one method of getting stock.

5. Wholesalers

Wholesalers are the most reliable method of sourcing goods. While the initial process can be time consuming at first, it is effort that pays off. When you have found a wholesale, you now have certainty of when you are going to receive stock and how much you will have to pay for it. The best way to find wholesalers is to use a directory. Directories remove the risk of dealing with illegitimate wholesalers and give you some peace of mind when dealing with wholesalers and manufacturers from China. Wholesalers should be the mainstay behind your product sourcing.

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SaleHoo is one of the fastest growing product sourcing portals on the internet. It contains a database of drop ship, wholesale, closeout and manufacturing suppliers offering thousands of product suppliers to consumers! Located at http://www.salehoo.com, visitors are allowed to sign up for unlimited and lifetime access to the completely searchable database of products and suppliers. The database is regularly updated, ensuring that the latest retail products are always available for purchase and SaleHoo carries the BBB Reliability Seal!

Join SaleHoo Today for their Special Startup Offer!

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