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Importing Products to Sell on eBay


The interesting thing about online buyers is they are extremely price sensitive. A survey done by Forrester Research shows that 73 percent of surveyed online buyers expect prices on the Internet to be cheaper than in stores. No wonder auction marketplaces are thriving. Among the most popular auction marketplaces growth of eBay is especially notable! Its market share is growing at roughly twice the pace of the over all market. So, it's only natural if you like many other wannabe entrepreneurs thinking seriously to start an eBay business.

Say, after spending long hours on the eBay and doing much research offline and online, you finally have come up with a niche category of products to sell. But, there is one little problem! You don't have a slightest clue where to get regular supply of this product for wholesale price. Often, entrepreneurs with great product ideas fail to materialize their dream business plan just because they are unable to find a right supplier. How to tackle this problem?

Finding a local supplier

Success in any trading business depends not only on how good you are in selling, it also relies greatly on your ability to source the product at right cost. If you have a fairly large list of products that you are considering to work with you have a variety of options to choose from. You may start your eBay auctioning business based on local liquidators, closeout dealers, government auctions, newspaper classified or Drop-shippers (http://ezine.rusbiz.com/article/39). But to start a real niche business you need to find a constant source supplier, which could be a manufacturer, a distributor or a wholesaler. Obviously, Internet is the easiest place to get the initial contact information. Try http://www.thomasnet.com/ or http://www.tgrnet.com/ - both websites are good information sources for industrial products manufacturers.

Bear in mind that many manufacturers simply aren't able to handle small orders and don't sell products directly to retailers. Some times, the minimum sales lot is way too big for a small start-up company to manage. However, even if the manufacturer does not sell directly to retail levels, they will provide you with information on their products and refer you to their wholesaler or distributor companies, which will be in a position to cater your needs.

For some category of products, your best option is to attend trade or industry shows in order to locate a supplier. Check out websites of some exhibition centers in your vicinity and find one or two trade shows of your area of interest. Make sure that participants of the trade show are distributors and wholesalers as oppose to large manufacturers. After all, you need to find a supplier who will agree to work with your initial small orders.

Trade journals or publications of your related field also could be a great source in your quest to find a supplier. Trade journals publish information on industry trend, articles on major players, various industry related event schedules such as trade shows, and often carry classified sections. Sometimes, they also publish specialty issues such as a buyer's guide or a who's who issue. You may consider getting those issues by contacting the publishers.

Professional and trade associations similar to local chamber of commerce and other groups offer a variety of services, which are extremely useful to members and general people a like. Promotion of the industry and its products and referral services for buyers trying to find specific products are some of the services that they offer. You should not hesitate to contact these organizations for help.

Importing

Competition in world's largest electronic marketplace is fierce! If you have to buy products from a middleman, you may find that your prices are not workable at all. What to do? Since most of the consumers products are imported any way, you may consider outsourcing your product from a foreign country. Today, thanks to globalization importing products are no longer as difficult as it used to be! If you are trying to buy a labor-intensive product, the best places are probably China - which is the hottest at this time, India, Thailand, Vietnam, Bangladesh and some other Asian countries. If you are looking for medium quality electronics and computer parts, your options are China, Taiwan, Korea, Singapore, etc. For high-end designer products Italy, Germany and France are your best bet. For intellectual property related products, Russia and other Eastern European countries are still a paradise.

There is a good chance of finding a supplier through online B2B portals. If you are looking for a supplier from China you may try www.alibaba.com and www.globalsources.com. Two of the largest trade leads aggregators on the Internet. For products from India you may try searching the database of both www.indiamart.com and www.trade-india.com. For products from Russia and other CIS countries www.rusbiz.com is a great option.

Here are the steps you must take in order to import products successfully:

? Locate several suppliers either through online resources or by contacting Trade Commissions of respective countries.

? Contact the suppliers and see if they are in a position to deliver the right product. Make sure that the suppliers are not your direct competitors. Many foreign suppliers are actively selling products through eBay.

? If you find their price and quality of the product are acceptable get several samples. It is very important to give them an exact copy of the product you are looking for. Without a prototype you might end up getting something far different than you expected.

? Work out your cost, which include buying cost, packaging, shipping, insurance, customs duty, excise duty if any, financing and handling charges, etc. You may also incur other expenses depending on products and your location.

? Check out your supplier. If possible make a trip to visit the supplier. Ask for references. Contact their bankers if necessary. Importing requires absolute due diligence.

? Check with a logistics consultant about shipping and exporting rules of the country.

? Contact a customs broker to verify latest duty and other regulations related to importing of this particular product.

? Don't forget to consider product life cycle, shipping time, seasonality of the product and other characteristics specific to your product.

Importantly, do your homework! You can sure make money by importing and selling goods on eBay. Thousands are already doing this. But, the key to success relies on your entrepreneurial spirit, due preparation, sound judgment and hard work. If you think you are ready, go for it!

Nowshade Kabir, is the founder, primary developer and present CEO of Rusbiz.com - a Global B2B Exchange with solutions to create e-catalog, Web store, business process management and other features to run a business online. You can read various articles written by Nowshade Kabir at http://ezine.rusbiz.com.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. April / 22 / 2021

Foley's Gameboards, Sevatson's Treasures Color The Walls At New Haven Auctions - Antiques and the Arts Online
Foley's Gameboards, Sevatson's Treasures Color The Walls At New Haven Auctions  Antiques and the Arts Online

Auctions delayed for potential Samsung plant sites in Arizona - Austin Business Journal - Austin Business Journal
Auctions delayed for potential Samsung plant sites in Arizona - Austin Business Journal  Austin Business Journal

City of Roanoke auctions properties in bi-annual tax sale - WDBJ7
City of Roanoke auctions properties in bi-annual tax sale  WDBJ7

ACV Auctions co-founder Joseph Neiman talks about why he moved to Florida - Buffalo Business First - Buffalo Business First
ACV Auctions co-founder Joseph Neiman talks about why he moved to Florida - Buffalo Business First  Buffalo Business First

Going, going, not quite gone: How pandemic changed auctions - WBNG-TV
Going, going, not quite gone: How pandemic changed auctions  WBNG-TV

Daily Mail publisher accuses Google of manipulating search results and ‘rigging’ online ad auctions - MarketWatch
Daily Mail publisher accuses Google of manipulating search results and ‘rigging’ online ad auctions  MarketWatch

Monthly online consignment auctions come to Nicollet | Community - Southernminn.com
Monthly online consignment auctions come to Nicollet | Community  Southernminn.com

First auction of Love's Bakery goods, equipment and memorabilia underway with Oahu Auctions - Pacific Business News - Pacific Business News (Honolulu)
First auction of Love's Bakery goods, equipment and memorabilia underway with Oahu Auctions - Pacific Business News  Pacific Business News (Honolulu)

Faith HS Rodeo Club's 'slave auction' stirs up controversy - Rapid City Journal
Faith HS Rodeo Club's 'slave auction' stirs up controversy  Rapid City Journal

Auctions: Hands-On With The Ultra-Rare Patek Philippe Ref. 2523 'Eurasia Dial' Hitting The Block At Phillips - HODINKEE
Auctions: Hands-On With The Ultra-Rare Patek Philippe Ref. 2523 'Eurasia Dial' Hitting The Block At Phillips  HODINKEE

Mapleton Lions to reformat annual auction - The County
Mapleton Lions to reformat annual auction  The County

Yoshitomo Nara’s ‘Missing in Action’ From 2000 Heads to Auction - Barron's
Yoshitomo Nara’s ‘Missing in Action’ From 2000 Heads to Auction  Barron's

Auction Sales Top $39 Million Last Week on HiBid.com, with Rare Coins and Classic Cars Now Up for Bidding - PRNewswire
Auction Sales Top $39 Million Last Week on HiBid.com, with Rare Coins and Classic Cars Now Up for Bidding  PRNewswire

Going, Going, Gone: Why Real Estate Auctions are the Answer to the Blind Bidding Problem - EIN News
Going, Going, Gone: Why Real Estate Auctions are the Answer to the Blind Bidding Problem  EIN News

Auction Of Stage & Screen Memorabilia At Doyle On April 28 - PRNewswire
Auction Of Stage & Screen Memorabilia At Doyle On April 28  PRNewswire

Local realtor starts auction business - The Herald
Local realtor starts auction business  The Herald

How to Get Car Dealership Auction Access - Santa Clarita Valley Signal
How to Get Car Dealership Auction Access  Santa Clarita Valley Signal

Cresting Flood of U.S. Treasury Supply May End Auction Woes - Bloomberg
Cresting Flood of U.S. Treasury Supply May End Auction Woes  Bloomberg

Hudson River School and French School oval paintings score big in Neue Auctions' April 10th online sale - ArtfixDaily
Hudson River School and French School oval paintings score big in Neue Auctions' April 10th online sale  ArtfixDaily

Cosmic: 400+ Film Treasures to Land at a Mega Auction - NBC Southern California
Cosmic: 400+ Film Treasures to Land at a Mega Auction  NBC Southern California

Love's Bakery auction includes vintage aloha shirts, signs - Albany Times Union
Love's Bakery auction includes vintage aloha shirts, signs  Albany Times Union

Auction Calendar: April 23, 2021 - Wisconsin State Farmer
Auction Calendar: April 23, 2021  Wisconsin State Farmer

Toledo police are holding online vehicle auction - Toledo Blade
Toledo police are holding online vehicle auction  Toledo Blade

BidALot Coin Auction Named Latest WorthPoint® Data Partner - Johnson City Press (subscription)
BidALot Coin Auction Named Latest WorthPoint® Data Partner  Johnson City Press (subscription)

Link to libraries virtual gala and online auction begins April 22nd - WWLP.com
Link to libraries virtual gala and online auction begins April 22nd  WWLP.com

Bidding open for City of Moorhead online auction - Valley News Live
Bidding open for City of Moorhead online auction  Valley News Live

TREASURIES-Yields stable despite strong 20-year bond auction - Reuters.com
TREASURIES-Yields stable despite strong 20-year bond auction  Reuters.com

Brazil slashes its own take in Atapu, Sepia subsalt auction - S&P Global
Brazil slashes its own take in Atapu, Sepia subsalt auction  S&P Global

Eddie Van Halen's 1934 Ford is red hot and up for auction - Fox News
Eddie Van Halen's 1934 Ford is red hot and up for auction  Fox News

GSA to Auction Off Bitcoin - FEDweek
GSA to Auction Off Bitcoin  FEDweek

Bitcoin Magazine's Art Director To Auction Guy Fawkes Painting For Bitcoin - Bitcoin Magazine
Bitcoin Magazine's Art Director To Auction Guy Fawkes Painting For Bitcoin  Bitcoin Magazine

Ticket from Tiger Woods' pro debut in Milwaukee will fetch thousands at auction - Green Bay Press Gazette
Ticket from Tiger Woods' pro debut in Milwaukee will fetch thousands at auction  Green Bay Press Gazette

Bidder Pleads Guilty to Rigging Bids at Online Auctions for Surplus Government Equipment - Department of Justice
Bidder Pleads Guilty to Rigging Bids at Online Auctions for Surplus Government Equipment  Department of Justice

Twenty-Year Bond Auction Attracts Modestly Above Average Demand - Nasdaq
Twenty-Year Bond Auction Attracts Modestly Above Average Demand  Nasdaq

Public Auction | Legal Announcements | dothaneagle.com - Dothan Eagle
Public Auction | Legal Announcements | dothaneagle.com  Dothan Eagle

Central Bank Faces Key Auction as India’s Traders Balk at Yields - Yahoo Finance
Central Bank Faces Key Auction as India’s Traders Balk at Yields  Yahoo Finance

Stratford auction continues online - Rappahannock Record
Stratford auction continues online  Rappahannock Record

TCA to Hold Kentucky-Focused Auction April 29-May 1 - BloodHorse.com
TCA to Hold Kentucky-Focused Auction April 29-May 1  BloodHorse.com

Art With Heart virtual auction raising money for Children's Minnesota - KSTP
Art With Heart virtual auction raising money for Children's Minnesota  KSTP

RESULT OF RIKSBANK REVERSED AUCTIONS TREASURY BILLS - Yahoo Finance
RESULT OF RIKSBANK REVERSED AUCTIONS TREASURY BILLS  Yahoo Finance

Analysis: Big US Treasury auctions could restart rise in yields - Reuters
Analysis: Big US Treasury auctions could restart rise in yields  Reuters

Rogers Revenue Beats Ahead of Critical 5G Spectrum Auction - Bloomberg
Rogers Revenue Beats Ahead of Critical 5G Spectrum Auction  Bloomberg

Q&A: George Church’s Genome Up for Auction - The Scientist
Q&A: George Church’s Genome Up for Auction  The Scientist

Auction business wins rezoning bids | News | goshennews.com - Goshen News
Auction business wins rezoning bids | News | goshennews.com  Goshen News

Youngstown Chase building gets successful bid in auction - WFMJ
Youngstown Chase building gets successful bid in auction  WFMJ

Red Wings excited to announce #LGRW Online Auction - BlueJackets.com
Red Wings excited to announce #LGRW Online Auction  BlueJackets.com

Thurtene hosts benefit art auction this weekend | The Source - Washington University in St. Louis Newsroom
Thurtene hosts benefit art auction this weekend | The Source  Washington University in St. Louis Newsroom

Weirton Kiwanis John B. Sorrenti Sr. Facebook auction is April 26-28 - The Steubenville Herald-Star
Weirton Kiwanis John B. Sorrenti Sr. Facebook auction is April 26-28  The Steubenville Herald-Star

Maine gets more than $4M from cap and trade auctions - WABI
Maine gets more than $4M from cap and trade auctions  WABI

TREASURIES-Trouble-free note auctions keep a lid on yield gains - Reuters
TREASURIES-Trouble-free note auctions keep a lid on yield gains  Reuters

1991 Isdera Imperator 108i Heads to Auction Autoweek Autos - Autoweek
1991 Isdera Imperator 108i Heads to Auction Autoweek Autos  Autoweek

Local nonprofits look forward to return of auctions – Methow Valley News - Methow Valley News
Local nonprofits look forward to return of auctions – Methow Valley News  Methow Valley News

Def Leppard Auction Goes Inside Rick Allen's Arm Loss - Ultimate Classic Rock
Def Leppard Auction Goes Inside Rick Allen's Arm Loss  Ultimate Classic Rock

Paterson, facing $800K in cleanup costs, seeks to auction contaminated Leader Dye site - NorthJersey.com
Paterson, facing $800K in cleanup costs, seeks to auction contaminated Leader Dye site  NorthJersey.com

Auction bidding now open in HSJGA, First Tee-Hawai'i fundraiser - The Garden Island
Auction bidding now open in HSJGA, First Tee-Hawai'i fundraiser  The Garden Island

Northgate Mall in Durham will soon be torn down. Here’s how you can get a piece of it. - Raleigh News & Observer
Northgate Mall in Durham will soon be torn down. Here’s how you can get a piece of it.  Raleigh News & Observer

HiBid.com Auctions Surpass $50 Million Last Week; Taking Bids Now on VR Headsets, Pickup Trucks, and More - PRNewswire
HiBid.com Auctions Surpass $50 Million Last Week; Taking Bids Now on VR Headsets, Pickup Trucks, and More  PRNewswire

SFLMaven Announces Strong eBay Auction Sales of $233,000 for Week Ended April 15th - Yahoo Finance
SFLMaven Announces Strong eBay Auction Sales of $233,000 for Week Ended April 15th  Yahoo Finance

Parents pack Aledo ISD meeting after racist Snapchat group and slave auction flyers - WFAA.com
Parents pack Aledo ISD meeting after racist Snapchat group and slave auction flyers  WFAA.com

Cadillac Oasis Family Resource Center to Host Survivors Auction in Place of Celebrate Women Event - 9 & 10 News - 9&10 News
Cadillac Oasis Family Resource Center to Host Survivors Auction in Place of Celebrate Women Event - 9 & 10 News  9&10 News

Concerts, fine arts, auction add up to busy week - Charleston Post Courier
Concerts, fine arts, auction add up to busy week  Charleston Post Courier

Money Isn't the Only Reason Auction Houses Are Jumping On NFTs - Bloomberg
Money Isn't the Only Reason Auction Houses Are Jumping On NFTs  Bloomberg

Wichita Mountains Wildlife Refuge holding 78th annual Longhorn Cattle Auction - KSWO
Wichita Mountains Wildlife Refuge holding 78th annual Longhorn Cattle Auction  KSWO

The Estate Of Dave Prowse Auction - TheForce.net
The Estate Of Dave Prowse Auction  TheForce.net

Jasper County CASA to hold online auction - KSNF/KODE - FourStatesHomepage.com
Jasper County CASA to hold online auction  KSNF/KODE - FourStatesHomepage.com

Arizona sites eyed by Samsung for $17B plant head to auction - Austin Business Journal
Arizona sites eyed by Samsung for $17B plant head to auction  Austin Business Journal

Sotheby's Pak Auction Yields $16.8 Million as NFT Art Boom Continues - Bloomberg
Sotheby's Pak Auction Yields $16.8 Million as NFT Art Boom Continues  Bloomberg

Eddie Van Halen ‘Frankenstrat’ Guitars Hit the Auction Block - Rolling Stone
Eddie Van Halen ‘Frankenstrat’ Guitars Hit the Auction Block  Rolling Stone

Auction details treasury bills Stockholm Stock Exchange:0363490ZSS - GlobeNewswire
Auction details treasury bills Stockholm Stock Exchange:0363490ZSS  GlobeNewswire

World’s largest vintage motorcycle auction returns April 28 - KTNV Las Vegas
World’s largest vintage motorcycle auction returns April 28  KTNV Las Vegas

Andrew Lloyd Webber to Auction Off Notable ‘Phantom of the Opera’ Prop - Rolling Stone
Andrew Lloyd Webber to Auction Off Notable ‘Phantom of the Opera’ Prop  Rolling Stone

State Land Department postpones auction of 1099 acres in Goodyear - Your Valley
State Land Department postpones auction of 1099 acres in Goodyear  Your Valley

Tifton prepares for surplus auction, approve film making permit - WALB
Tifton prepares for surplus auction, approve film making permit  WALB

Auction fundraiser for St. Agnes going the virtual route - Islander News.com
Auction fundraiser for St. Agnes going the virtual route  Islander News.com

Brazil sets new terms for transfer of rights surplus auction - Reuters
Brazil sets new terms for transfer of rights surplus auction  Reuters

This Pile of Twisted Metal at a Salvage Auction Used to Be a 2005 Ford GT - The Drive
This Pile of Twisted Metal at a Salvage Auction Used to Be a 2005 Ford GT  The Drive

Cornhole tournament, auction to raise funds for church's addition - Imperial Republican
Cornhole tournament, auction to raise funds for church's addition  Imperial Republican

Google’s Secret ‘Project Bernanke’ Revealed in Texas Antitrust Case - The Wall Street Journal
Google’s Secret ‘Project Bernanke’ Revealed in Texas Antitrust Case  The Wall Street Journal

Enumclaw Rotary hosts first-ever online auction next week | Courier-Herald - Enumclaw Courier-Herald
Enumclaw Rotary hosts first-ever online auction next week | Courier-Herald  Enumclaw Courier-Herald

U.S. Treasury auctions to test demand after volatile trading - Reuters
U.S. Treasury auctions to test demand after volatile trading  Reuters

1972 Chevy Vega Wagon With Just 32 Original Miles Headed To Auction - GM Authority
1972 Chevy Vega Wagon With Just 32 Original Miles Headed To Auction  GM Authority

Forgotten Copy of Super Mario Bros. Sets Record at Auction - The New York Times
Forgotten Copy of Super Mario Bros. Sets Record at Auction  The New York Times

Arts for All Amazing April Auction Raises Money for Scholarship Program and Studio Classes - 9 & 10 News - 9&10 News
Arts for All Amazing April Auction Raises Money for Scholarship Program and Studio Classes - 9 & 10 News  9&10 News

Royal Mint and Elton John announce charity auction - celebrating the artist's greatest hits - PRNewswire
Royal Mint and Elton John announce charity auction - celebrating the artist's greatest hits  PRNewswire

Wassenberg's Online Auction winding down - Times Bulletin
Wassenberg's Online Auction winding down  Times Bulletin

Bat Used by Lou Gehrig in 1938 Sells at Auction for $715,120 - The New York Times
Bat Used by Lou Gehrig in 1938 Sells at Auction for $715,120  The New York Times

Iconic Classic Car Collection In Central Nebraska Up for Auction | netnebraska.org - NET Nebraska
Iconic Classic Car Collection In Central Nebraska Up for Auction | netnebraska.org  NET Nebraska

JPD evidence vault items, seized vehicles up for auction - WAPT Jackson
JPD evidence vault items, seized vehicles up for auction  WAPT Jackson

Cold Spring Area Auction • Sunday, April 25 | Auctions - ECM Publishers
Cold Spring Area Auction • Sunday, April 25 | Auctions  ECM Publishers

MGC celebrates spring with annual brunch, plant auction - The Franklin Sun
MGC celebrates spring with annual brunch, plant auction  The Franklin Sun

Church joins the NFT craze with plans to auction off his genome - FierceBiotech
Church joins the NFT craze with plans to auction off his genome  FierceBiotech

Fund-Raising Auction Set For Racer Mom Karen Deutschlander - RoadracingWorld.com
Fund-Raising Auction Set For Racer Mom Karen Deutschlander  RoadracingWorld.com

San Diego County has 279 properties up for auction. Here's the list - CBS News 8
San Diego County has 279 properties up for auction. Here's the list  CBS News 8

ACV Auctions' strong debut on Nasdaq fuels hope for local startups - Buffalo News
ACV Auctions' strong debut on Nasdaq fuels hope for local startups  Buffalo News

KAR Auction Services, Inc. to Announce First Quarter 2021 Earnings - Yahoo Finance
KAR Auction Services, Inc. to Announce First Quarter 2021 Earnings  Yahoo Finance

2021 St. Jude Online Auction is Now Live! - Monster Energy Supercross
2021 St. Jude Online Auction is Now Live!  Monster Energy Supercross

Spanky’s Amarillo Collector Car Auction set by Assiter Auctioneers - EIN News
Spanky’s Amarillo Collector Car Auction set by Assiter Auctioneers  EIN News

St. Benedict's Abbey buys international school property at tax auction - atchisonglobenow.com
St. Benedict's Abbey buys international school property at tax auction  atchisonglobenow.com

Used car dealers sue over alleged 'shill bidding' in ACV's auctions - Buffalo News
Used car dealers sue over alleged 'shill bidding' in ACV's auctions  Buffalo News

Ogdensburg seeks to sell 20 vacant parcels of land at city auction - NNY360
Ogdensburg seeks to sell 20 vacant parcels of land at city auction  NNY360

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