researching and sourcing products
My name is Austin new guy to the eCommerce world and looking for some guidance. I've sold on amazon for the past 6 months my first experience was dumb luck where I bought a crate of name brand electronics for pennies off of an auction site.
I listed the equipment without even testing it to see if it worked and boom almost all of it sold in a weekend and I only had a couple returns. I thought I had it figured out, until I ran out of items and realized I had lucked into a deal. This experience also diddnt help in the fact that I had no clue what it actually meant to sell something, and left thinking that you post things on the internet and people buy them BOOM. Then I tried again...
One pallet of outdated tablet cases later and an FBA shipment. I had 100 products listed within an hour people had cut their prices to the point where I was almost selling them at cost and maybe breaking even. Needless to say this was in stark contrast to my last experience in its entirety.
After I took a step back and looked at what I was doing I realized that in my inexperience I found that buying pallets of goods off a liquidation site wasnt really "Sourcing" a good product and that I was literally buying what the real sellers couldnt make money off of.
So, what I came here today for is a push in the right direction of market analysis on a product and then finding a way to buy said item and or anything else my newbie self is overlooking. Im not looking for someones secrets but maybe just a friendly suggestion whether it be a book or a podcast or where I can look to learn these things and take the jump. That being said i'll take any information you are willing to give me.
One more thing, I have looked myself (been up for around 24 hours listening to everything I can find) and havent really found anything other than podcast that dance around the subjects and dont really point you in the right direction.
*Edit: I would like to hear any opinions on Alibaba or similar outlets. Personally I have never used that site. However, I have heard opinions that are in extreme contrast. *
Thanks in advance.
Austin
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