Why You Should Always Have A Backup Supplier For Your Top Selling Lines

As you get more into selling more online in places like eBay and Amazon you will find that you are buying more and more product, but quite often when you look back on your records you will find that around 90% of your general stock will come from the sources. But before we go any further I just want to outline the main places where you can source and buy stock.

1) The first place most people go to is a wholesaler or cash and carry. Here you can buy stock in smaller amounts and still make a profit. The profits will not always be as high as the method, but this way is safe and you are not paying out a lot of money.

2) Another area where you can go and buy stock is from liquidators. Liquidators are people who buy up bankrupt stock and offer it at a cheaper rate.

3) The third main area is from importers. This area will often mean investing large amounts of money to pay for stock, but you will get it at a cheaper rate.

4) The fourth and last area is direct from the manufacturer. Again this could mean a large investment in stock and storage.

Now all the above work very well and each level will suit each ones needs. Some people may just stick with one level while others will start off small and then move up till they are buying direct from the importers or from the manufacture. But I want to through something else into the pot.

You have found a good selling line and are buying weekly from your supplier, then one day your supplier lets you down. This can be for many reasons – their supplier let them down, a fire, they just let you down or the supplier has stop trading. Whichever one it is, is sad for the supplier but more important you have been let down big time. You have orders you cannot fill and an empty shop.

So a good way round this can be to use a few suppliers for the same item, or know where the suppliers are so that if you are let down, you can make a few phone calls and within hours or days you will be back in business. Also by using several suppliers to source your product if you get a sudden rush of orders and your normal supplier does not have enough stock, you can again use supplier number two.

Remember you are in business, and keeping tabs on suppliers and knowing where to get stock at very short notice is up to you. And it is always good to have a backup supplier for you will get their mailings and catalogues, and one day you might see a new item that your main supplier does not carry.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs.
For further information please fill out the box to the right.

 

July And August Are Great Months For Product Sourcing

Well summer is here once again. Schools will be breaking up over the next few weeks, andEbay, Amazon, Product Sourcing, eBay Consultant, Amazon Consultant people will have their minds fixed on holidays and how to entertain the children over the next six to eight weeks.

But did you also know that July and August are well known for something else………. (Apart from slower sales on eBay and Amazon). Yes July and August are fantastic months for product sourcing. To start with sourcing items online can be a lot cheaper. Why? Well because sales are slower online retailers will often slash their prices right down and for us who resell can take advantage of this and pick up some great bargains that we can buy and and then relist a bit later and make some very nice profits.

But there are also some other great places we can look for bargains that we can pick up for next to nothing.

  • Antique and Collectors Fairs. This niche also suffers badly during the summer, and this allows those who buy and sell in this niche to gather some fantastic items at lower than normal costs.
  • Take a look around those pop up shops that appear around this time of year. If the shop is in the last few days of their appearance in that area, they might discount their goods. Also if the items fall within your niche and you have some spare cash and it is the last day of the pop up shop and the owner has stock left over – ask them if they would be willing to sell their left over items to you for a very low cost. You will be surprised as a lot of these people will just say yes.
  • Try and attend as ,any offline auctions during this time as well, as very often there is a low turn out and the items go for very little money. Also remember you can attend these offline auctions by going online using sites such as i-bidder.
  • Carboot Sales
  • Jumble Sales
  • Craft Markets
  • Craft Fairs
  • School Fates
  • Church Fates
  • ETC, ETC

I hope the above has started the thought process and just write down all of those places you can go and source items. And once you have sourced you buy and then you need to list those items and then rinse and repeat.

Remember in all of this you are sourcing items for a low cost and reselling for a higher cost.

Happy Sourcing

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

 

Why You Need To Source On A Regular Basis

The other day I was asked the question “Do I really need to source items on a Toys.jpgregular basis to sell in my Amazon and eBay business?” Now you may think this was a question coming from a new person in the business, but in fact it was from a seller who has been selling online for many years. To start with I thought she was having a bit of a joke, but no she was being serious.

I then asked her how often she sourced for items for her online ventures, and she said just when she felt like it. Now I knew this girl only did this business part-time, as she had a job, and when I asked her was this due to the hours she worked she said no not at all. I was now puzzled so asked her when was the last time she sourced and she said before Christmas…………………………….

Then in the next breath she said and to be honest I am not motivated as my sales are so slow. I explained the sales were low, because she had not sourced or listed any items for almost six months so no wonder sales are almost zero.

I then explained that to make Amazon and eBay work and bring in a real income one needs to be out there sourcing products on a daily or weekly basis and then listing them on sites such as eBay and Amazon. And if you are doing Amazon send them into Amazon FBA.

It is a very simple process

  • Source
  • List
  • Sell
  • Rinse and Repeat

And if you can do the above on a weekly basis then you will start to see an increase in your sales, and these sales will then motivate you to go out more and list more. Also remember if you are out sourcing and not listing the inventory you have at home is just lying there and gathering dust and not making money. It needs to be listed on eBay and stored safe or if doing Amazon listed and sent into one of the Amazon warehouses.

A model I have been following for a long time and I know other people have been using in one form or another is…………………………………….

  • During the week if working source online and place your orders so they all arrive where possible by the weekend. And where you can pop into local shops.
  • Weekend visit local stores, Charity Shops, Car Boot sales, Fates etc
  • Sunday afternoon and evening list items on eBay
  • Sunday afternoon and evening list items onto Amazon and prepare the UPS pick up for Monday

The above is very powerful and once you have been using it for a few weeks it becomes part of your life. Of course you may need to tweak it to fit your lifestyle, but the important thing is you do it and take action.

So in closing the reason why you need to source on a regular basis is so that you always have new items to attract new buyers and keep your online stores looking alive and fresh. And because the more you list the more you sell.

If you are looking for new ideas on product sourcing click here

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the

freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon Consultant  and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

UK Product Source – Costco

Today we look at general wholesaler, and the chosen one is Costco. Costco is a bit different from most wholesalers as it is more a buyers club with a Costcomembership fee.

But the yearly fee is well worth it and you can find some awesome buys both on an off line. Also look out for their brand names the main one is “Kirkland”

  • Category :  General
  • UK Product Source : Costco
  • http://www.costco.co.uk
  • 01923 830477

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

UK Product Source – Ancient Wisdom

Ancient Wisdom

Well you have been asking for UK product Sources and here they are.We shall be  listing many different product sources within the UK and Europe, that you can approach to open trade accounts with.

  • Category : Gift
  • UK Product Source – Ancient Wisdom
  • URL : http://www.ancientwisdom.biz
  • Contact : 0114 279165

Please remember these are business to business companies and to approach them in a professional manner. Fill out the enquiry form or send them an email outlining your business.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

UK Product Source – Joe Davies

Well you have been asking for UK Product Sources and here they are.
We shall beJoe Davies listing many different product sources within the UK and Europe, that you can
approach to open trade accounts with.

  • Category : Gift
  • UK Product Source – Joe Davies
  • URL : http://www.joedavies.co.uk
  • Contact : 0161 975 6300

Please remember these are business to business companies and to approach them in a professional manner. Fill out the enquiry form or send them an email outlining your business.

Andrew Milburn has been selling on eBay and Amazon for many years
and is now helping many others from around the world learn the
freedom of selling on Amazon and eBay can bring. Andrew is currently
working with Jim Cockrum and Skip Mcgrath as an Amazon and eBay Consultant and offers coaching through their coaching programs. For further information please fill out the box to the left.

How To Approach Suppliers

How To Approach Suppliers

product suppliers

A very common question I get asked is “How To Approach Suppliers”.  In simple terms you need to be professional in the way you approach them and ask sensible questions. I hope to cover the main ways to approach suppliers, but there are times when you just need to think on your feet……….and this will normally happen if you approach a supplier at a Trade Show or they cold call you.

How To Approach Suppliers By Email

 

We live in a modern world and nearly all your suppliers will use the internet and email to correspond with you, and even the third world countries will use email and in most cases expect you to use it. It is fast and both parties can get answers in a timely fashion.

When you approach a supplier use openings such as Dear Sir or if you know their name Dear……… the only exception is if you know these people having spoken to them on the phone or met them at a show and then it is ok to use opening such as Dear Jim or Dear Sarah, and at time a simple Hi and their name, but if it is the first time you have sent an email try and use the Dear………. opening.

Another big must do, use your business email address domains are so cheap now, and you can then use a webmail, outlook or link them up with gmail. For instance I use gmail but my email address in info@myauctionempires.com  In future articles I will show you how easy it is to turn a google account into a free business account.

Please do not use Hotmail or Yahoo as your business email suppliers will not like this. You can use @gmail.com as businesses see this Ok.

How To Approach Suppliers By Letter

 

If you decide to approach suppliers by letter, you need to have some form of a letterhead. Again we live in the modern world and you can set up a quick one in Word or Google Docs. Use you business name, address and phone number…………and it is Ok to use mobile numbers.

How To Approach Suppliers By Phone

 

There is nothing wrong about approaching a supplier by phone and a lot of suppliers expect this and have whole offices dedicated to opening accounts and managing accounts over the telephone but there are a few rules if you work from home you do need to remember.

  • Do not have the radio or TV on in the background
  • Do not have noisy Children or Adults in the background – this is not professional, and sometimes you are distracted and may not hear some figures right.
  • Pick a quiet spot, and tell family and friends this is your phone time and not to interrupt you……………..unless of course there is an emergency.

 

Also when you approach suppliers have your questions written out as this will help you to remember things such as :

  • Minimum Orders
  • Opening an account or is it Cash with order
  • How long is delivery time
  • Is VAT included in the prices
  • Do they have a catalogue or Trade site?

The task of approaching suppliers is a fun time, you get to speak to great people and you will build up lasting friendships and if you treat your suppliers well, they will phone you first when a new and hot item comes out. And you never know one day, they offer you a special deal and give the sole selling rights to you. But first you need to take that first step and approach a supplier.

UK Product Source – Wicked Costumes

Today’s UK Product Source is in the expanding world of fancy dress and club wear. This market is growing at a fast pace and the time is right to become part of this niche.

Our chosen UK Product Source today is :

Wicked Costumes

Phone : 01294 314038

email : sales@wickedcostumes.co.uk
web : http://www.wickedcostumes.co.uk
These UK Product Sources will be updated on a regular basis and over time they will add up to a great resource for people looking for products to sell on their websites.

Andrew Milburn And My Auction Empires Offer eBay Training And Consulting In Lichfield Staffordshire

To Contact Us Please Click Here

 

Lavender Bugs

Lavender Bugs

I would like to introduce you to a brand new product we have just sourced called Lavender Bugs. Lavender bugs are a product from the well respected name of Showpony. The owner of Showpony is Emma Henderson and where possible she loves to use organic and fair tradeLavender Bug from Showpony products.

All of  the Showpony products are concept designed based and are substainable, fun and exciting. These vintage fibric bags have a differnt bug printed on each side. All the bags are stuffed full with lavender and have a ribbon loop for hanging with your clothes.

Each bag is roughly 12cm x 12cm and are made with vintage fabric off cuts. These bags would make a wonderful gift for people and in my mind would be good sellers for anyone in the gift market.

The RRP is £14.00 and for this you have two bags packed in a recycled box making this gift very eco-friendly.

The company who make lavender bugs, also have a full range of other products for you to check out.

If you would like to see Showpony’s full range of products then pop along to http://www.showpony.co.uk and on the site there is full details on how to contact them for their wholesale deals.