We Are About To Enter Q4….Are You Ready

Well, summer is almost over here in the UK, Officially it is Autumn, schools are all back, and the nights are getting darker earlier.
Also, we are on the countdown to Q4, the busy season for all e-commerce sellers………….. So now is the time to start listing items. Set yourself a listing goal – remember the more you list the more you sell.
 
And yes I am talking to myself, most of you will remember last November time I went into the hospital and five months later I came out – having missed Q4, Valentines Day, Easter and Mothers Day. This year I need to make up for lost time as I have a storage Unit full and a house full of stock I need to sell and make some money for my clients and myself.
 
So if you have questions, need help with listing ideas please leave comments below and let’s make Q4 2017 the best ever
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.

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.

 

Earning Money By Becoming An Online Reseller

Well, can you believe it as I write this blog post we are part way through Q3 of the year and soon we will be in Q4 which for many sellers is their busiest time of the year,but before you can start to earn those big profits you have to put in some solid foundations. Building a business is like building a house you need to lay the foundations (studying courses) and then putting into action what you have learnt.

Building your business is a lot easier in 2016 than it was ten years ago. We have many tools you can access that us the numbers we need to know to make the right buying decision. Some of these tools work on our smart phones so we can use them when we are out and about, others work on our computers. Over the coming weeks and months, we will be looking at these tools in a lot more detail and how they will help us grow a solid online business.

So how ready are you for Q4? Have you made those plans? Have you started to place those orders for the items you will be selling? If not why not?  

If you have not yet, do not worry there is still time the difference is you will just have to work a bit smarter and harder to make sure you have it all mapped out and ready to roll once we near the end of September.

So a bit of homework – take your business journal and start to map out the type of products you would like to sell and then look for the suppliers you need to contact, then make those calls, send those emails and sign up for those wholesale accounts. Make notes of the Retail Stores you are going to visit to buy those items that you can buy low in the store and sell for a higher price on either eBay or Amazon.

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.

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.

 

Looking At Trends Will Help You Source Products

If you have been selling products for any length of time or even just interested in selling and sourcing products you will have heard or seen articles and programs that talk about trends. Now trends happen in all areas of our lives – in fact, every product we see and eat will have been affected by trends.

As resellers, we can use trends to help us spot if a product is going to be a winner or not. But more important we can use trend graphs to show us where we are on trend, are we at the very start, in the middle, at the top or are we on the way down. Now this short article will not go into detail about reading a graph, I am planning on doing a video on this as it will make it easier to understand.

One of the important things when reading, or looking at a trend graph is to see the big picture. How often have you heard a youngster saying how cool this new product is only to be told by a much older person we had something similar back when they were young. There are many times when a product come back into fashion after being off the radar for decades.

As an example look at the humble vinyl record. Back in the 1960’s the humble vinyl record was flying off the shelf, but over time the cassette tape came out followed by the CD. But now in 2016 the vinyl record is coming back into fashion and is trending. So if you are selling in the music niche maybe take a look at vinyl record niche.

So let’s bring this down to grass roots and how we can use trends in our Amazon and eBay business. There are some free tools and some paid for resources. The free ones are great and very useful and when you are making money you can swap to some of the paid for versions.

Ebay Resources

Completed Listings – This is a short term look at products, so not really trends, but shows if a product is selling and has sold in the past. (Free)

http://datalabs.ebay.com/popular.html – This shows us a lot of data – Products Sold, Watched, and viewed. The site works in UK, .com and .de . (Free)

Terapeak – This a fantastic tool, and I have personally been using it for years. It is a paid for tool, but if you are serious about eBay selling then take a look

Amazon Resources

Keepa and CamelCamelCamel – These again are free for the basic editions and to be honest they will do you. Both these sit within your Amazon page, so when you are looking for a product they will show up and you can see historical data for price and sales rank, and these will show you past trends on a product so you can make a buying choice based on what has happened over the past months.

Of course, there are many other programs and software applications that will help you grow your online business. And we will look at these over coming weeks and months.

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.

 

 

How Are Your Plans Going For Your Ecommerce Business?

So, how are your plans going for your eCommerce business?  The reason why I am asking you this question right now is because we are half way through the month of may and very soon we will be entering into June – Yes half way through 2016. How scary is that?

And then the clock is ticking away until that mad selling season of October, November, December. Or more commonly know to sellers around the world as Q4. For some sellers ,they can make as much money in those 12 weeks as they do all throughout the year. But it does come with some challenges –

  • Enough Stock,
  • Forward Planning And Thinking,
  • All The Dots Joined Together
  • Enough Help To Get Stock Prepped And Sent In
  • And Other Things…………………………….

So when do you need to get the ball rolling?  The basic answer is, as soon as possible.

For now, I would suggest :

  • You attend Trade Shows,
  • Look online for wholesalers,
  • Open accounts with wholesalers

Then do your research so that when you get to September you are ready to get those orders placed, prepped and sent into Amazon, ready for that crazy buying period. Also, I would be talking to some smaller suppliers and wholesalers asking about getting exclusive deals. (I will be doing some posts about exclusive deals and how to get them and how profitable an exclusive deal can be)

Help this helps, any question please ask.

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.

Is It Safe To Buy Products From China To Resell?

A common question I get asked when covering Product Sourcing is it safe to buy products from China to resell on sites  such as eBay and Amazon and other sites including your own. Some ways I love to hear people thinking outside the box but other items I hesitate as in my heart I know it works, but the timing is not right for that person. As with any product sourcing ventures you need to ask questions and do your research. Research and questions are the key when you source products from countries such as China and India.

One of the big No’s when sourcing from overseas countries is do not touch brand named items. Sadly on sites such as Aliexpress and Alibaba you key in leading brand name items and right before your eyes hundreds and at time thousands of products pop up before your eyes – The sad thing is most of these will be copies or fake items – if you buy these not only could you lose your money, you lose the stock and could even land yourself in trouble with Customs and could lose your Amazon Account. So please do not source Brand name items.

Another thing you need to check is that there is no design pattern being broken on items you are thinking of sourcing now this is harder to do, but if the item looks very similar to a brand name item then ask questions and do a bit more digging/

By now you are most likely thinking I am scared to source from China, but please do not be. I wanted to paint a dark picture of what can happen if you are not careful – but look on the bright side of things the same thing can happen if you are not careful sourcing items from the USA or UK.

  • To make it simple it is better to start on Aliexpress. The layout of the site is like eBay – you have feedback, can see number of sales per items and percentages of sales etc. If you stick to the top sellers then you are will be ok.
  • Also with Aliexpress you pay Aliexpress direct thus your money is covered if the products do not arrive, are no as described are faulty etc.
  • You can buy just one item to test it – and delivery is very often free, so testing different companies is very cost effective. When buying samples I would always buy at least three. One to test, one for friends to test and one or two to take pictures with and do some test sales as long as the initial tests are all good

I have been product sourcing from China for many years across many different niches, categories and products and have never had any serious issues with any of the companies. You find the people you deal with – often girls with cute sounding names speak perfect English and write perfect English. They will talk over Skype and answer all your questions and concerns and help you through any shipping issues you may have.

So if you are looking to diversify your product range why not spend some time and look on Aliexpress and later Alibaba when you want larger amounts, and see what you can find.

The main thing is as with any product sourcing is take time, do your research and if it looks too good to be true – it most likely is. So next week block out some time and go and do some product sourcing on Aliexpress and see what you can find. Happy Product Sourcing.

Why Do You Sell Online?

Have you ever thought why do you sell online?  I know a strange question, but if you take some time out and think long and hard about the real reason why you sell online you will be able to grown your business many times over. The concept I am talking about is knowing your why. Once you have identified your WHY, you will never look back – in all areas of your life.

So today, take yourself off to a quiet spot, with a pad and pen, yes a real; pen and a real pad of paper none of this tablet or phone apps for now, later on you can upload the information, but there is something that happens when you think and write – if you have not tried it give it a go please and you will see what I mean.

And now spend some time and write out

  • Why are you doing this business?
  • Why are you selling online?
  • Why are you selling on Amazon or ebay or Etsy?
  • Why do you sell in the categories you have chosen?
  • Why do you not sell in other categories – is it fear of the unknown?

Answer the questions truthfully and honestly as the answers you give will help you grow your business many time over.

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.

Are You Living A Generous Lifestyle?

Let me ask you a serious question, “Are you living a generous lifestyle?” Before Are You Living A Generous Lifestyleyou email me and say I thought this was a blog all about Amazon and eBay and online selling…………. well it still is and you will find if you apply this generous lifestyle to your business and personal life you will find you will have not only a better business but also a wonderful personal life too.

To start living a generous lifestyle is not about money. Sadly in this modern day society if you ask people are they living a generous lifestyle most will say not a chance we do not have enough cash to live on…….let alone give money away. It is not about the money, yes it is nice if you had the money to share with others, but you can live a generous lifestyle in so many different ways.

  • For example giving someone in the street a simple smile.
  • Saying thank you to the checkout person at the supermarket, it is amazing when I am in a store people do not say a simple thank you and give a smile.
  • Helping someone with their shopping to their car.
  • Cutting a neighbours lawn or doing their garden
  • Baking a cake or a meal for someone who is sick, or just come out of hospital.
  • Take a friend, colleague, neighbour out for a cup of coffee or tea (or even a meal).
  • What about just paying for someone’s drink, or meal in a restaurant, scary yes.
  • Just spending time with a friend or loved one. Yes this simple act is what living a generous lifestyle is all about.

As you can see this simple acts of living a generous lifestyle can cost nothing apart from a bit of time or a simple smile. But the difference it can make in someone’s life can make a massive difference to them.

If you do one of the above at least once a day, very soon you will have random people in the street just giving you a smile, saying thank you if you hold a door open and the list goes on.

Also you will see a difference in your business all from a simple smile – but how can you live this generous lifestyle online? Well let’s take a look.

  • Just say thank you to someone who gives you a tip or shares some information.
  • Maybe share a link t your own page on Facebook
  • Share a BOLO (Be on Look Out) product
  • Put a simple thank you note in parcels going out.

I hope this helps you to see how living a generous lifestyle can make a difference in so many peoples lives. Why not ty it tomorrow and share below the reaction you had. Just try it, and start on the exciting journey of living a generous lifestyle.

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.