How to Source Wholesale Merchandise For Amazon and eBay Sellers

How to Source Wholesale Merchandise For Amazon and eBay Sellers

People always ask such questions when you tell them that you do wholesale on either of those platforms.

Simply put:

The real question is – How to find a reliable and trustworthy wholesale supplier?

Here, you’ll see how and what to look for potentially profitable products to add to your eBay/Amazon inventory.

Hint: If you’re new to wholesaling, you might want to start with a couple of test runs, and don’t invest significant capital.

In fact:
⦁ You can even start with а £100 of investment!
⦁ And have a healthy profit margin day by day.

The first tip: it may take some time to assure your profit.

Ask yourself – do you want to:
⦁ develop and build a high income from online selling?
⦁ get into a niche that has a constant flow of sales?
⦁ find a way to offer the best wholesale prices from the best wholesale distributors and profit?

If the answer to those questions is yes, you should know that the toughest problem for Amazon and eBay is to source great products at reasonable prices.

What does this mean for you?

It means that finding a reliable wholesale distributor that works for you on many levels is like finding a needle in a haystack.

Be warned that it can take a long time.

But in the end – you can assure your profit.

Second tip: how to start and from where?

  1. It’s best to start with some kind of niche…

The best would be:
⦁ the one that’s trending (find wholesale products that have reasonable demand levels)
⦁ a product that you are passionate about; have an understanding of it and therefore selling it
⦁ an item that you can re-order to keep it going
⦁ after doing that for some time and seeing results – try and expand more with different products
Last but most important: make a solid marketplace research

As you can see, it’s all about experimenting.

In the meantime, you should look for different wholesale suppliers.

You can search on Google, go at tradeshows, visit the local town or city and ask for wholesalers.

The next move is to form a relationship with them and from there: negotiate the best prices for the best results.

2. Next step: what is your audience?

Amazon and eBay have a massive audience of over 300 million active users.

Some are younger people, some older

And now:

You know that your audience will vary.

Especially when it comes to the products that you sell

What does it mean for you?

It means that the majority will range from the age of 22-30 or 45-55

Some other factors to consider:

⦁ What’s their sex?
⦁ Where in the world are they located?
⦁ What’s their income status?
⦁ What’s their job?
⦁ What are their interests?
⦁ Are they married or single?

3. Know your competitors!

If you want to get serious with wholesaling, you should know that online competition is constantly increasing.

You need to be smart and fast when you do your market research.

And the competitor research is essential.

Moreover, in the first quarter of 2020 alone, over 300,000 new sellers joined the marketplace on Amazon!

On the other hand:

Due to the unprecedented lockdown situation, businesses all over the world are forced to go online.

Final verdict and how to make sure you profit.

You must do thorough research and offer competitive prices.

They should be aimed at a specific target audience to ensure your success

In times like these, offering wholesale products of value is more important than ever.

By following the outlined criteria here, try to uncover specific niche products with which you will be in a better position than your competitors.

Another great tip is to:

Buy wholesale liquidation.

No matter if you want to start your new business on eBay or Amazon, you can always buy wholesale liquidation goods at low prices and resell for a greater profit.

Again, as it was mentioned at the beginning of the article, you must find a trustworthy wholesale distributor or supplier.

You can take a look at what BritDeals has to offer in regards to that. We specialize in liquidation sales and surplus inventory.

If you want to buy from abroad, you can also check out on – 888lots.

Author: Bobby Ilchov

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