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.

 

What’s Selling On eBay Right Now?

As an eBay seller have you ever wondered what was selling on eBay right now? Yes you can buy Terapeak and to be honest if you are serious about selling on eBay this is a must have tool. But for the new sellers, this is not always possible due to the costs of Terapeak.

So is there another way? Yes, eBay has a great site called Datalabs where it tests out programs and pages that we can use to help build our eBay business to the next level.

The page I am talking about today is  http://datalabs.ebay.com/trending.html#/gb/index

This page updates itself every sixty minutes and you can set it to either selling items or watched the choice is all yours.

This is a very simple but powerful tool and it has helped me over the past few weeks find some cool items that I was able to buy and make some money on. But also it has helped me research ideas for bundles, and also ideas for Private Label (PL) items.

But with all things you need to think outside the box. Yes it tells us the fast selling items on eBay, but remember other people will have seen the data as well, so think big and think outside of that box.

Also you need to take action, the longer you leave taking action on a product the more chance you have for others beating you to the market. I can tell you over the years the number of times I have delayed taking action on an item. Yes at times it worked in my favour, but other times I lost out.

So why not go take a look and see what’s selling on eBay and then take action by buying some stock.

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.

Products To Resell Are Really Out There

Well can you believe it, January is almost gone and before you know it it will be February2 then March. And in those two months we have three large and profitable buying periods, any guesses to what they are?  Well let me tell you…………………

  • Valentines Day
  • Mother’s Day (UK)
  • Easter

I know what your thinking to yourself no way can it be Easter so soon we have only just got over Christmas, but I am afraid it is. And before you know it, it will be Summer. A scary thought and when you work in retail the months seem to fly by even faster as we are always working several months ahead so we can source, buy and send into Amazon ready for the start of the buying season.

A very common question I hear all the time is, but where do we find the products to buy to resell. Honestly these items are all around you. Walk into any shop in the UK (or world) and right there in front of you is the potential to make some money, we just need to scan the items with our phone and see what the app tells us.

Apps such as ScanPower, Amazon Sellers App and Profit Bandit are some of the best, right in front of our eyes we can see if the item we have scanned has the potential to make us some money on Amazon. Sometimes the answer is yes and other times the answer is no. When it is a no we can either put the item back on the shelf, or we can think to ourselves could we put this item into a bundle and still make money.

Bundles are a great way and very profitable way to make good money. They also help you stand out from the crowd and make your bundle listing unique. Over the coming weeks we will be looking at bundles and how by adding them to your business model you can take your business to the next level.

But before we can move into bundles you need to understand that there are millions of items out there in regular stores offline and online that have the potential to make us money day in and day out. As a reseller we need to be prepared to take action, go out or go online each day and spend some time finding those items.

If we are prepared to do this on a regular basis very soon you will breakout of the mindset of not being able to find items to sell to finding items jumping out that are saying buy me. So to start the ball rolling you need to just go and take action and start scanning.

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.

The Sun Is Out, Holidays Are Here, But Are You Still Sourcing?

Yes it is that time of year when the sun is out, schools are breaking up and Do You List During The summer holidayspeople are more interested in having fun outside and thinking about that holiday they have been planning on for over a year, and for most the online selling has taken a back burner. Now do not get me wrong holidays are good, time to spend lazy fun filled days with family and friends and to recharge those batteries, but should we just forget about sourcing and our business for a few weeks?

Well, sorry to say, we are in business and if we run the business on our own with maybe a few VA’s and a Prep Company then we do need to keep a watchful eye on the business. No I do not mean you need to take your laptops with you and have them on 16 hours a day, just your smart phone (and maybe a tablet) with the Amazon Sellers App on will do, something to just check for any messages from buyers, as you do not want to allow these to go over the 24 hour period, and yes maybe peek at sales, – it is fun to watch those sales happening while you are somewhere in the world relaxing.

As for sourcing while you are away. Well some people love to do this few a few hours in their day. Depending on where you are in the world, you might find some cool products at super cool prices that you can buy and flip onto Amazon. If it is only a few items these can go in your suitcase, but if you go mad and buy loads then you may need to make up some UPS / DHL etc boxes and send them back home ready for you send into Amazon on your return home.

Also if you time it right you can order items just before you go away, this therefore allows your prep company to work on everything and send them into Amazon for you, while you relax. (You just need to work on labels etc, but several prep companies now use user permissions to access your account to print labels)

So there you are done right, you can be relaxing somewhere in the world on a beach, and all the time the mighty Amazon is selling your items and making you nice profits.

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.

Sourcing The Life Blood Of Your Amazon / eBay Business

As a Amazon / ebay consultant it has been worrying me recently when have beenSourcing The Life Blood Of Your Amazon / eBay Business talking with people and I hear they have been struggling with sourcing products to re-sell. Yes we can have a grasp of how the numbers all work, what sales rank is and how to buy within sales rank and make sure there are only a few FBA sellers, we can have top marks for that.

But if we cannot grasp hold of how to source and what sourcing is then our business will slowly die a death.Therefore I have decided to spend the next week or so, and look at what sourcing is, and how to do it in a way that is fun and enjoyable and at times can involve your family and friends.

We will look at many different ways of how to source, for example:

  • Retail Arbitrage
  • Online Arbitrage
  • Wholesale
  • Importing
  • Private Label
  • Craft
  • Trade Shows

As ecommerce sellers we need to learn not only just how to source but to make it a fun part of our business. If we do not enjoy getting out there and finding new products then our business will slowly die a death as there will be no products in our stores for people to buy. And if people keep coming back and find the same items time after time they soon get bored and will look elsewhere.

Over the course of this mini how to source course we will look at many different and creative ways to source products using a range of free and paid for tools. As I mentioned at the start it is good to know your numbers and it is a must, but numbers without products is no good, and products without knowing the numbers is no good either so we need both. And throughout this process you will see how we can do this.

If you have any questions please leave them in the comments section below or over on our Facebook Page and we will help you all we can. Lets make this interactive and above all lets have some fun.

Thrifting Friday – Some Good Buys

 

Well today after spending sometime with one of my eBay Consulting clients I visited a few of the local charity shops and bought some items which I will be adding to my inventory. I shall be adding a new section to this blog of items I have either bought or sourced and what how well they have done on eBay.

As I have mentioned before I business relies on product sourcing and then sourcing the products at the right price. Yes it all comes down to the products and the right price (and selling them on the right platform, the place where the buyers are)

Today I spent around £50.00 on items, and once they have been listed and they have sold I will do a post and tell you all how they have done. But from time to time I will also do some live postings and show you how and why I chose an item to sell.

If you have sourced any items good or bad please share them with us over the coming days and weeks.

Quick Product Sourcing Tips

Quick Product Sourcing Tips

 

Product Sourcing, eBay Consultant

As an eBay and Amazon Consultant I am always being asked about Product Sourcing tips and ideas and how to find those items you can buy low and sell high. And before we get into the main part of this article that last part is the important bit, buying low and selling high.

You do not need fancy bits of kit to help with product sourcing nor do you need a degree while these may help at the end of the day you just need to remember buy low and sell high and if you follow that simple rule you are a good way there to make money week after week on eBay and Amazon.

Quick Product Sourcing Tips

Buy low and sell high – When you are out and about keep an eye open for shops and stores that are selling items off at a steep discount or buy 1 get one free. Here in the Uk I have seen some supermarkets even do buy 1 get 2 free. When you see the buy one get one free sale, remember you need to halve the retail price. For example let’s say it sells for £10.00, but because it is buy one get one free the cost is now only £5.00 each. Take a look and see what they are selling for on sites such as eBay and Amazon and see if there is profit to be made.

Recently I let a big opportunity pass through my fingers in our local shopping centre we had one of those discount stores that was closing down. I popped in whenever I was in town and spend some time doing some product sourcing, and from time to time I found bits and pieces I bought. Now this shop was in it’s last few days of being open and was the last in the chain of shops and they had all the stock in this one shop………………Lots of people and lots of rubbish stock this was stuff people had not bought from the past few weeks. But……………..there were 2 pallets of a well know make of maths sets.  I had a look on my phone and they retailed at £4.99 each on a regular basis plus shipping. 

The shop had them on sale for 25p each. Now I was thinking were these the real deal, it was something the shop would not normally sell. So I thought well I have got a £10.00 note in my pocket so bought 40 items and thought if they are not the same as ones I have seen on Amazon and eBay all I have lost is £10.00.

Anyway got home and listed them and yes they were the real deal and yes each one sold for £4.99 plus postage and packing. On Buy it Now and sold in hours. Next day went back with some more cash to buy a load and the shop had gone, the day I was there was the last day. 

So when you are out product sourcing there are times when you need to take that risk. If you see something when you are out and about I would suggest you spend what you can afford to loose when you are just starting out. Yes when you are product sourcing there will be times you get it wrong and when that happens keep the items as gifts or sell them at cost price.

Product sourcing is fun and over the coming weeks we will look at many different ways you can source products for your eBay and Amazon shops. Happy Product Sourcing

Andrew Milburn Is An eBay And Amazon Consultant Based In Lichfield Staffordshire.

More Product Sourcing Tips

More Product Sourcing Tips

Product Sourcing is one of the common questions I get asked time after time. And I have covered it a few times in my blog, but it is a topic I love to talk about and as a seller online (and for those who sell offline)  it is one of the most important items that you need to be doing all the time. If you stop product sourcing then after a time you will have run out of stock and ideas for new lines and products.

So what is product sourcing ?

Product Sourcing is simply going out and doing research in the field (This can also be done online or looking at newspapers and magazines) but getting out there and visiting trade shows, charity shops, thrift stores, antique malls and stores to name just a few. Of course if you only sell new items then you will need to do your product sourcing at Trade Shows. But if you are one of those traders who sells anything, then have an open mind and soon you will see products that you can sell all over the place.  So Product Sourcing is finding new products and product lines to sell in your eBay shop or Amazon FBA.

How to do Product Sourcing

Simply get out there and go places. Carry a note book or smart phone where you can note down what the product is, the maker or importer and price. Yes you can make other notes but those are the main ones. When you come home just do a Google search for the product and make enquires and if you like what you hear buy some product and see how it goes. Be-careful and do not buy too much stock, the last thing you want is to have stock that does not sell. Just tell the import or maker of the item that you are looking to test the item, but if it sells you will be back for more. Always be honest with these people and they will be honest with you.

Another thing you can do is source products from other countries, yes this takes a bit longer and takes your product sourcing to another level, but the returns can be well worth it.  I will be offering a product sourcing business to my friends who live outside the UK, if this is something that will interest you please get in touch by sending me an email to info”myauctionempires.com  and put Product Sourcing in the subject part.

So what are you waiting for, put your product sourcing hat on and get out there and start product sourcing and looking for new products and ideas for your business.

Andrew Milburn is an eBay and Amazon Consultant based in the UK.

 

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