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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. July / 18 / 2024

Dinosaur skeleton fetches record $44.6m at New York auction - BBC.com
  1. Dinosaur skeleton fetches record $44.6m at New York auction  BBC.com
  2. Stegosaurus skeleton, nicknamed 'Apex,' sells for record $44.6M at Sotheby's auction  ABC News
  3. Stegosaurus skeleton fossil sells for record $44 million at auction  NBC News
  4. Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions  The Associated Press
  5. Stegosaurus sells for almost $45 million at Sotheby's auction, the most for any dinosaur fossil  CBS News
  6. Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions  Hartford Courant

‘Star Trek’ Phaser and Communicator Head to Auction - Barron's
‘Star Trek’ Phaser and Communicator Head to Auction  Barron's

State Property Fund schedules first large privatization auctions - Ukrinform
State Property Fund schedules first large privatization auctions  Ukrinform

WA awards $52 million from carbon auctions for tribal climate adaptation - The Seattle Times
WA awards $52 million from carbon auctions for tribal climate adaptation  The Seattle Times

Christie’s Auction Sales Down 22 Percent in First Half of 2024 - ARTnews
Christie’s Auction Sales Down 22 Percent in First Half of 2024  ARTnews

Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions - Yahoo Finance
Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions  Yahoo Finance

Big Iron Auctions offers insight if you are trying to buy or sell anything before the end of the year - RFD-TV
Big Iron Auctions offers insight if you are trying to buy or sell anything before the end of the year  RFD-TV

Going, going, gone at the speed of light: William Shatner wardrobe auction draws big crowd - Canton Repository
Going, going, gone at the speed of light: William Shatner wardrobe auction draws big crowd  Canton Repository

Richmond Auctions to Present American Pickers' Star Rob Wolfe's Bettendorf Americana Event - PR Newswire
Richmond Auctions to Present American Pickers' Star Rob Wolfe's Bettendorf Americana Event  PR Newswire

NPA Atlanta to host two monthly auctions starting in August - Powersports Business
NPA Atlanta to host two monthly auctions starting in August  Powersports Business

Mulberry Founder Roger Saul Auctions Off His Personal Archive - WWD
Mulberry Founder Roger Saul Auctions Off His Personal Archive  WWD

Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions - KTVZ
Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions  KTVZ

Important Modern & Contemporary and Prints & Photographs Auctions at Leland Little - StreetInsider.com
Important Modern & Contemporary and Prints & Photographs Auctions at Leland Little  StreetInsider.com

Stegosaurus named Apex goes for $44.6M at auction, most expensive fossil ever sold - USA TODAY
Stegosaurus named Apex goes for $44.6M at auction, most expensive fossil ever sold  USA TODAY

US treasury auctions off $13 billion of 20 year bonds at a high yield of 4.466% - ForexLive
US treasury auctions off $13 billion of 20 year bonds at a high yield of 4.466%  ForexLive

1957 Maserati 200Si by Fantuzzi To Be Auctioned By Broad Arrow Auctions - Yahoo Autos
1957 Maserati 200Si by Fantuzzi To Be Auctioned By Broad Arrow Auctions  Yahoo Autos

Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions - The Caledonian-Record
Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions  The Caledonian-Record

Quantbot Technologies LP Takes $519,000 Position in ACV Auctions Inc. (NASDAQ:ACVA) - American Banking and Market News
Quantbot Technologies LP Takes $519,000 Position in ACV Auctions Inc. (NASDAQ:ACVA)  American Banking and Market News

Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions - The Post Star
Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions  The Post Star

Germany to launch auctions for 130 truck charging stations along motorways - The Driven
Germany to launch auctions for 130 truck charging stations along motorways  The Driven

Mirae Asset Global Investments Co. Ltd. Decreases Stake in ACV Auctions Inc. (NASDAQ:ACVA) - Defense World
Mirae Asset Global Investments Co. Ltd. Decreases Stake in ACV Auctions Inc. (NASDAQ:ACVA)  Defense World

1955 Ferrari 410 S driven to victory by Carroll Shelby heads to auction - Motor Authority
1955 Ferrari 410 S driven to victory by Carroll Shelby heads to auction  Motor Authority

WATCH: William Shatner in NE Ohio for auction - WJW FOX 8 News Cleveland
WATCH: William Shatner in NE Ohio for auction  WJW FOX 8 News Cleveland

Luxurious Atlanta estate going to auction is both a ranch and a vineyard - The Atlanta Journal Constitution
Luxurious Atlanta estate going to auction is both a ranch and a vineyard   The Atlanta Journal Constitution

Dinosaur Skeleton Breaks Auction Record With $44.6 Mn Sale In New York - Barron's
Dinosaur Skeleton Breaks Auction Record With $44.6 Mn Sale In New York  Barron's

Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions - Oil City Derrick
Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions  Oil City Derrick

Long-lost 'Star Trek' phaser and communicator props headed to auction - UPI News
Long-lost 'Star Trek' phaser and communicator props headed to auction  UPI News

Stegosaurus named ‘Apex’ sold for record $44.6mn at Sotheby’s auction - Financial Times
Stegosaurus named ‘Apex’ sold for record $44.6mn at Sotheby’s auction  Financial Times

After 40-plus years and 3,000 auctions, Thomas Cornell retires - Long Island Advance
After 40-plus years and 3,000 auctions, Thomas Cornell retires  Long Island Advance

Exquisite 227-Acre Waterfront Estate on Private Lake in Magnolia, Texas to Auction via Concierge Auctions - EIN News
Exquisite 227-Acre Waterfront Estate on Private Lake in Magnolia, Texas to Auction via Concierge Auctions  EIN News

Lark Mason Associates Jump-Starts Summer With Diverse Trio Of Auctions - Antiques and the Arts Online
Lark Mason Associates Jump-Starts Summer With Diverse Trio Of Auctions  Antiques and the Arts Online

Championship rings from San Antonio Spurs Coyote sell for $49,000 at auctions - San Antonio Current
Championship rings from San Antonio Spurs Coyote sell for $49,000 at auctions  San Antonio Current

A stegosaurus fossil fetched a record $44.6M at Sotheby's. Should they be auctioned? - NPR
A stegosaurus fossil fetched a record $44.6M at Sotheby's. Should they be auctioned?  NPR

Nation’s Attic Inc. Announces Annual ‘Diving Into History’ Auction Featuring Rare Equipment - DeeperBlue.com
Nation’s Attic Inc. Announces Annual ‘Diving Into History’ Auction Featuring Rare Equipment  DeeperBlue.com

Christie’s Reports Steep Drop in Auction Totals for First Half of 2024 - artnet News
Christie’s Reports Steep Drop in Auction Totals for First Half of 2024  artnet News

Own a piece of PawSox history as city auctions off items from McCoy Stadium - WLNE-TV (ABC6)
Own a piece of PawSox history as city auctions off items from McCoy Stadium  WLNE-TV (ABC6)

Captain Kirk's original phaser and communicator on the auction block - Boing Boing
Captain Kirk's original phaser and communicator on the auction block  Boing Boing

Anxiety is high as Mass. Steward hospitals await auctions - WBUR News
Anxiety is high as Mass. Steward hospitals await auctions  WBUR News

Marlon Brando’s ‘Godfather’ Tuxedo Could Fetch More Than $200,000 at Auction - Robb Report
Marlon Brando’s ‘Godfather’ Tuxedo Could Fetch More Than $200,000 at Auction  Robb Report

Delinquent property tax auctions underway in Arkansas - KFSM 5Newsonline
Delinquent property tax auctions underway in Arkansas  KFSM 5Newsonline

Agents could not get high enough bid for 150-acre Monroe Estate in failed auction - Online Athens
Agents could not get high enough bid for 150-acre Monroe Estate in failed auction  Online Athens

Concierge Auctions: US$33 Million Beachfront Estate on Maui’s Coveted Southwest Coastline to Auction - EIN News
Concierge Auctions: US$33 Million Beachfront Estate on Maui’s Coveted Southwest Coastline to Auction  EIN News

Albemarle plans more lithium auctions to boost market transparency - Reuters
Albemarle plans more lithium auctions to boost market transparency  Reuters

Ultra-Rare Bugatti Chiron Sport "110 Ans Bugatti" Surfaces at Auction - HYPEBEAST
Ultra-Rare Bugatti Chiron Sport "110 Ans Bugatti" Surfaces at Auction  HYPEBEAST

Michigan DNR land auction includes waterfront property, $300 lot in Flint - Bridge Michigan
Michigan DNR land auction includes waterfront property, $300 lot in Flint  Bridge Michigan

Original Ghostbusters Slimer puppet headlines next month’s Propstore auction - Ghostbusters News
Original Ghostbusters Slimer puppet headlines next month’s Propstore auction  Ghostbusters News

Dinosaur skeleton fetches record $44.6m at New York auction - BBC
Dinosaur skeleton fetches record $44.6m at New York auction  BBC

Now You Can Own Captain Kirk’s Original ‘Star Trek’ Phaser (Exclusive) - Hollywood Reporter
Now You Can Own Captain Kirk’s Original ‘Star Trek’ Phaser (Exclusive)  Hollywood Reporter

Colonial Park Mall's auction listing taken down - WGAL Susquehanna Valley Pa.
Colonial Park Mall's auction listing taken down  WGAL Susquehanna Valley Pa.

Delinquent property tax auctions set in 2 New Mexico counties - KRQE News 13
Delinquent property tax auctions set in 2 New Mexico counties  KRQE News 13

High vacancy Mayfield Heights office building goes up for auction - Crain's Cleveland Business
High vacancy Mayfield Heights office building goes up for auction  Crain's Cleveland Business

Kings Auctions Las Vegas holds 2-day liquidation sale for Las Vegas modern furniture staging company - - EIN News
Kings Auctions Las Vegas holds 2-day liquidation sale for Las Vegas modern furniture staging company -  EIN News

Sotheby's Sets Records At Historic Wine Auctions In Paris And Burgundy - Forbes
Sotheby's Sets Records At Historic Wine Auctions In Paris And Burgundy  Forbes

Rory Gallagher’s Iconic Fender Stratocaster Heads to Auction - Barron's
Rory Gallagher’s Iconic Fender Stratocaster Heads to Auction  Barron's

DHS doctor buys IOOF Lodge property at auction for $550K - The Inter-Mountain
DHS doctor buys IOOF Lodge property at auction for $550K  The Inter-Mountain

Penske Racing Experience Auction Will Make One Group of Fans Very Happy - Autoweek
Penske Racing Experience Auction Will Make One Group of Fans Very Happy  Autoweek

Large sapphires & emeralds, Bentley coupe, classic Mustang, and Cartier in upcoming online auction by Kings - EIN News
Large sapphires & emeralds, Bentley coupe, classic Mustang, and Cartier in upcoming online auction by Kings  EIN News

Miyazaki-Signed Elden Ring Poster Going for $15,000 at Auction - XboxAchievements
Miyazaki-Signed Elden Ring Poster Going for $15,000 at Auction  XboxAchievements

Michigan to auction nearly 100 parcels of land: Location list, how to bid - WDIV ClickOnDetroit
Michigan to auction nearly 100 parcels of land: Location list, how to bid  WDIV ClickOnDetroit

New MMO Throne and Liberty details real money auction house plans - PCGamesN
New MMO Throne and Liberty details real money auction house plans  PCGamesN

Play Games with Pokimane Auction Reaches $500K in Just an Hour - Sports Illustrated
Play Games with Pokimane Auction Reaches $500K in Just an Hour  Sports Illustrated

Don’t fall victim to fake auction, recruitment exercises on social media – Customs warns public - The Sun Nigeria
Don’t fall victim to fake auction, recruitment exercises on social media – Customs warns public  The Sun Nigeria

Pink House auction starting slowly - The Daily News of Newburyport
Pink House auction starting slowly  The Daily News of Newburyport

Stegosaurus skeleton auction likely to draw millions — and criticism - CBS News
Stegosaurus skeleton auction likely to draw millions — and criticism  CBS News

A stegosaurus nicknamed Apex will be auctioned in New York. Its remains show signs of arthritis - The Associated Press
A stegosaurus nicknamed Apex will be auctioned in New York. Its remains show signs of arthritis  The Associated Press

Princess Leia's RotJ Bikini, Mando's Helmet, & More Officially Up For Auction - Screen Rant
Princess Leia's RotJ Bikini, Mando's Helmet, & More Officially Up For Auction  Screen Rant

Auctions Seven Things I Learned From The Spring Watch Sales And Trying To Make Sense Of The Up-And-Down 'Market' - HODINKEE
Auctions Seven Things I Learned From The Spring Watch Sales And Trying To Make Sense Of The Up-And-Down 'Market'  HODINKEE

5 Takeaways From the Spring Art Auctions - The New York Times
5 Takeaways From the Spring Art Auctions  The New York Times

Hidalgo County Auction: Vehicles, Electronics, And More Up For Bid - Fox Rio Grande Valley
Hidalgo County Auction: Vehicles, Electronics, And More Up For Bid  Fox Rio Grande Valley

Sotheby’s to host 2024 NBA Finals jersey auction - NBA.com
Sotheby’s to host 2024 NBA Finals jersey auction  NBA.com

Missing ALGS Trophy was sold at auction – and now the winners are being asked to pay - Esports.gg
Missing ALGS Trophy was sold at auction – and now the winners are being asked to pay  Esports.gg

Elden Ring Poster Signed by FromSoftware's Hidetaka Miyazaki Currently Going for $15,000 at Auction - IGN
Elden Ring Poster Signed by FromSoftware's Hidetaka Miyazaki Currently Going for $15,000 at Auction  IGN

OMO Auction Flops as Foreign Investors Shun CBN Offer - MarketForces Africa
OMO Auction Flops as Foreign Investors Shun CBN Offer  MarketForces Africa

Islanders Launch Game-Used Jersey Auctions To Benefit Charity - Bridgeport Islanders
Islanders Launch Game-Used Jersey Auctions To Benefit Charity  Bridgeport Islanders

A Rare U.K. Stamp, Legendary for Its Misprinting, Heads to Auction - artnet News
A Rare U.K. Stamp, Legendary for Its Misprinting, Heads to Auction  artnet News

Pendant from inaugural MLB All-Star Game up for sale from Hunt Auctions. How can fans bid? - Fort Worth Star-Telegram
Pendant from inaugural MLB All-Star Game up for sale from Hunt Auctions. How can fans bid?  Fort Worth Star-Telegram

91 DNR parcels up for auction, including waterfront properties - MLive.com
91 DNR parcels up for auction, including waterfront properties  MLive.com

Apex: Largest stegosaurus skeleton ever found to fetch millions at auction - Al Jazeera English
Apex: Largest stegosaurus skeleton ever found to fetch millions at auction  Al Jazeera English

Berries for the highest bidder: why some towns are embracing produce auctions - The Statehouse News Bureau
Berries for the highest bidder: why some towns are embracing produce auctions  The Statehouse News Bureau

Tax foreclosure auctions & environmental auctions - City of Rochester (.gov)
Tax foreclosure auctions & environmental auctions  City of Rochester (.gov)

Former Fishers Foods grocery store sells at auction. What was the price? - Canton Repository
Former Fishers Foods grocery store sells at auction. What was the price?  Canton Repository

Low on Hype, New York’s Big May Art Auctions Face New Reality - Bloomberg
Low on Hype, New York’s Big May Art Auctions Face New Reality  Bloomberg

Julien’s Auctions To Host ‘Music Icons’ Exhibit, Open New Nashville Office - musicrow.com
Julien’s Auctions To Host ‘Music Icons’ Exhibit, Open New Nashville Office  musicrow.com

ABC Auctions gets into digital marketing with ABC Reach, offering access to their customers and experience - Technology Zimbabwe
ABC Auctions gets into digital marketing with ABC Reach, offering access to their customers and experience  Technology Zimbabwe

Philippines announces second microgrid auction for underserved areas - pv magazine International
Philippines announces second microgrid auction for underserved areas  pv magazine International

US plans 12 offshore wind auctions over five years - Reuters
US plans 12 offshore wind auctions over five years  Reuters

New York May Auctions Get Off to a Slow Start as Pricey Bacon Misfires During Sotheby’s $267.3 M. Sale - ARTnews
New York May Auctions Get Off to a Slow Start as Pricey Bacon Misfires During Sotheby’s $267.3 M. Sale  ARTnews

Electriq Power Bankruptcy: Moecker Auctions Liquidate US$18m - Sustainability Magazine
Electriq Power Bankruptcy: Moecker Auctions Liquidate US$18m  Sustainability Magazine

Obvious’s Surreal Mind-to-Image A.I. Artwork Is Now Up for Auction - artnet News
Obvious’s Surreal Mind-to-Image A.I. Artwork Is Now Up for Auction  artnet News

Greensburg-based artist says he feels overlooked after Kennywood auction - TribLIVE
Greensburg-based artist says he feels overlooked after Kennywood auction  TribLIVE

Fifth Annual Chattanooga Motorcar Festival To Host Broad Arrow Auctions Oct. 12 - The Chattanoogan
Fifth Annual Chattanooga Motorcar Festival To Host Broad Arrow Auctions Oct. 12  The Chattanoogan

Kentucky Fish and Wildlife spring auction set for May 6 - Kentucky Fish and Wildlife
Kentucky Fish and Wildlife spring auction set for May 6  Kentucky Fish and Wildlife

Christie’s Website Is Brought Down by Hackers Days Before $840 Million Auctions - The New York Times
Christie’s Website Is Brought Down by Hackers Days Before $840 Million Auctions  The New York Times

US Treasury sets $492 million minimum price for airline warrants auctions - Reuters
US Treasury sets $492 million minimum price for airline warrants auctions  Reuters

In the Margins | Braving auction anxieties in support of Gig Harbor’s working waterfront - Gig Harbor Now
In the Margins | Braving auction anxieties in support of Gig Harbor’s working waterfront  Gig Harbor Now

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