I am a member of Salehoo and I highly
recommend it to anyone looking for dropshippers or wholesale
suppliers.  They take the risk and quess work out of the equation.

Below is an article written by Salehoo that you will find
informative.  To check them out again,

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1. Thorough market research is the foundation for success

Meticulous market research doubles your chances of making a tidy
profit from the wholesale goods you buy. Start off with a list of
5-10 different ideas. Then check completed listings searches on
eBay to see what the item generally sells for and the sell-through
rate for each one. Use Yahoo’s free keyword tool
http://inventory.overture.com to find out how many people are
searching Yahoo for your product per month. You can double this
figure for Google. Add the numbers together. If there are ten
thousand or more searches per month for an item, this indicates a
healthy market.

2. Calculate the REAL cost of your item

One big reason why people fail at the wholesale game is that they
don’t do the numbers. In other words, they don’t treat wholesale
like a real business. To accurately discover your true profit
potential on an item, you need to add the shipping cost and
insurance, eBay fees (or equivalent for other advertising), Paypal
and/or credit card fees (these can be a real profit killer),
packaging costs and labor involved packaging, and any storage costs
to the cost of your item.

3. Verify ALL suppliers found on the Internet

Getting caught out by scammers is a common stumbling block for
people new to wholesale. If you are searching for suppliers off
your own bat (rather than using a wholesale directory like
SaleHoo), it is CRITICAL to check authenticity before making a
purchase.

Always take the time to:

* Check that the website gives a full business name and a
registration number.
* Check for a legitimate contact telephone number – this will
involve ringing the number. Do not accept a mobile phone number
alone. All real companies should have a land line number.
* Go to http://www.whois.sc/ and search for the name of the
website. A legitimate company will have a domain expiration date in
several years time. Most legitimate companies reserve their domain
names for 3-5 years or more at a time.
* AVOID suppliers who won’t agree to use secure payment methods
such as Escrow.com, Credit Card and Paypal Verified.
* Still uncertain? Ask other sellers what their experiences
have been with the company you are interested in on eBay forums.

4. Chinese suppliers give the competitive edge

Chinese suppliers are an essential source for anyone wishing to
make money selling online. Manufacturing costs are currently
extremely low in China, thus it is the secret to gaining a
competitive edge. Dealing with China does have risks, but these can
be alleviated if you place a small order first, use secure payment
methods, get shipping insurance for 110% of the cost of the items,
and use suppliers with a good reputation.

5. A common stumbling block for liquidation and closeout

Always obtain the reasons for liquidation and closeout sales before
you buy. Liquidation and Closeout sales can be a fantastic source
for cheap products, but you usually have to buy by the pallet load
and these can sometimes include broken or returned goods that
aren’t in saleable condition. To be safe, ask specifically whether
broken items and returns are included before you buy.

6. Negotiate on shipping and save

Shipping economically is critical to importing success. Profits can
easily get swamped in shipping costs, so take time to get a good
deal on shipping. If possible, negotiate CIF (Cost, Insurance &
Freight) or DDP (Delivery, duty paid) shipping terms with your
supplier as this takes much of the risk – not to mention
organization – off your shoulders. FOB (Freight on Board) is the
most common shipping term, but don’t be afraid to negotiate for
better.

7. Drop shipping – can you really afford it?

Drop shipping sounds great in theory – someone taking care of
packaging, wrapping and postage – but it can be difficult to profit
from this method. Think about it, drop shipping can add another
$2-10 to your costs – sometimes even 10% of the cost of the item.
By the time you add in eBay fees and any other costs, you may find
it is not worth it.

8. Warehouse storage checklist

Asset management is the most important consideration when locating
warehousing to store your items. Believe it or not, items can go
missing while in storage, causing massive disruption for you. When
comparing warehouses, ask questions specifically on how you will
authorize the release of stock (by phone or fax?), what will happen
if you need to cancel an order, frequency of damage claims, dust
management, and whether there is an area you can use to photograph
items.

9. Powerseller wealth

It’s a fact – eBay powersellers are able to command higher prices
for their items than ordinary eBay sellers. To get the best profits
on your wholesale items, you need to aim to get and maintain
powerseller status.

10. Growth with a website and eBay store

The way to increase profits from wholesale is to build your own
website and/or open an eBay store. This allows you to cross sell
items plus it also makes it easier for people to find what they are
looking for. For example, if you sell shoes, then customers can
easily navigate to browse all black shoes in size 9 and so on.
Always include a sentence at the bottom of your descriptions
encouraging visitors to check out your other listings – most people
will.

If you are looking for genuine and trusted wholesale suppliers then
look no further than SaleHoo! SaleHoo’s directory contains over
4000 drop ship, wholesale and closeout suppliers that are
independently reviewed and rated by eBay Powersellers and Industry
experts. SaleHoo also purchases off them and reviews each supplier
in depth afterwards.

About the Author: SaleHoo is one of the fastest growing product
sourcing portals on the internet. It contains a database of drop
ship, wholesale, closeout and manufacturing suppliers offering
thousands of product suppliers to consumers! Located at
Salehoo.com, visitors are
allowed to sign up for unlimited and lifetime access to the
completely searchable database of products and suppliers. The
database is regularly updated, ensuring that the latest retail
products are always available for purchase and SaleHoo carries the
BBB Reliability Seal!

Join SaleHoo Today for their Special Startup Offer!

Written by SaleHoo.com © All Rights Reserved

Thanks for reading,
Vickie Sayce

P.S. Make sure you visit Salehoo today!