Having established that most wholesale lists are rubbish (I hope) what about other sources of supply?
The following are tried and trusted methods of obtaining stock to resell at a profit. As with all things remember, RESEARCH RESEARCH RESEARCH, check out the wholesale prices against those online, it goes without saying you should be looking for products that give you an excellent mark up on your buying price.
Use eBay itself, use wholesale, bulk or job lots as a search word, simply break up the package and resell at a profit. This is where the research will pay off, as you need to eliminate those items that are sold as a job lot simply because there is no profit in selling the items separately.
“Trade Sales” what you see is not always what you get. Make sure that these are genuine trade sales and not some outfit (cowboy?) masquerading as trade selling to the public. When I was in the computer trade I attended several auctions of computer equipment, these were advertised in the computer press and were a complete rip off. Over 50% of the equipment was non working junk. How I managed not to bid on the lot of 50 non-working CD-ROMs I will never know, but someone did. I suppose it could have been the generous warranty of 24 hours, I will never know. This stuff was auctioned at prices in excess of what you would pay legitimately at the computer fair at the leisure centre taking place at the same time only 10 minutes walk away.
Public auctions selling bulk, liquidated or bankrupt stock. A good source of stock, however many auctions take place on weekdays making it very difficult for those of us in 9-5 jobs to attend many. Two other problem are also associated with auctions, they are incredibly time consuming, waiting around for the lot or lots to come up to auction with no guarantee that you will win the auction. Each item needs a description writing for it and each will need a photo for the listing. This is a long and tedious process.
Would it be much easier if we could continually sell the same item over and over again? One description, one photo and sell the same time and time again. Where can you find this information? All will be revealed in the next mildly exciting instalment.
See you soon
Greta post here, I will have to go read part one now as well. I have been searching the net recently for wholesalers and agree 75% are junk,rubbish and a waste of time. Online auctions though that’s interesting although time consuming, time is already something I lack.