20 replies
Lot's of people advising me to start off with this, selling on ebay and amazon etc...
Just have 1 single question.
Where do I get the products cheap so I can sell them high?
Someone advised Alibaba which has lots of negative reviews (although I found a couple suppliers I need more).
Any other sites that anyone can point out for me?
Thanks.
#buy #high #low #sell
  • Profile picture of the author Jonathan Vodini
    i highly recommend to not buy from "china" supplier.
    but actually if u are from USA or Europe u can easily buy stuff on any simple wholesales, there are tons on internet, just type on google and u will find a lot of them, but stay away from "made in china" especially alibaba
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    • Profile picture of the author annexasia
      Banned
      [DELETED]
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      • Profile picture of the author Importexport
        Originally Posted by Jonathan Vodini
        i highly recommend to not buy from "china" supplier.
        but actually if u are from USA or Europe u can easily buy stuff on any simple wholesales, there are tons on internet, just type on google and u will find a lot of them, but stay away from "made in china" especially alibaba [IMG

        http://cdn.warriorforum.com/images/smilies/smilies_wink.png[/IMG]
        I agree it is advisable to stay away from Alibaba, but as I posted in Post #20 "when I began importing in 1987 I went to China for supplies because the quality was far superior to what I could buy locally. It was also a fraction of the price."

        See that post for more information, then if anyone disagrees that China can produce quality products I would like to read your comments.

        "If you think education is expensive - consider the cost of ignorance."
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        Use emotions and perceptions to build a great brand. Ask me about my book LabelsThatExploit. For safe sourcing and easy importing from 41 countries globally, see https://provenglobalsourcing.com
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  • Profile picture of the author Gambino
    No offense, but most people that know where to buy low, won't tell you where they buy low. Why would they create more competition for themselves? Research, research, research.

    Find an evergreen product, in an evergreen niche, and set up a sales stream. You may have to think outside the box a bit.
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  • Profile picture of the author Mehhthew
    Hi Seth,

    I agree with Gambino. In my opinion, I've bought some stuff from Alibaba, some worked great, others were lacking in "quality" if you get what I mean. For example, an apple iphone charger would last longer if bought else where but I bought some from Alibaba and they got damaged easily.

    If it makes any sense, try buying in low quantity and test it out for yourself. Good luck.
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  • Profile picture of the author Lurk
    Might want to also ask and check out the sub forum here. Not endorsing it just saying. eCommerce Sites, Wholesaling & Drop Shipping
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    DONT USE TIME CARELESSLY FOR IT CANNOT BE RETRIEVED. -LURK

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  • Profile picture of the author ChrisBa
    Originally Posted by SethFarrell View Post

    Lot's of people advising me to start off with this, selling on ebay and amazon etc...
    Just have 1 single question.
    Where do I get the products cheap so I can sell them high?
    Someone advised Alibaba which has lots of negative reviews (although I found a couple suppliers I need more).
    Any other sites that anyone can point out for me?
    Thanks.
    I'm assuming you are talking about drop shipping?

    Another option is to promote affiliate offers so you don't need to buy any actual product
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  • Alibaba is usually with big quantities.

    Start with smaller wholesales/dropshippers.
    Google 'Wholesales in [Country]' or go to...

    InventorySource.com
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    Free video: How regular people are making 6-figures per month on the internet! [URL="http://www.clkmg.com/fc27/UDCL-IN2WF"][B]Watch this free video now![/B][/URL] <==[/CENTER]

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    • Profile picture of the author Leatherman
      Originally Posted by selfdisciplineacademy View Post

      Alibaba is usually with big quantities.

      Start with smaller wholesales/dropshippers.
      Google 'Wholesales in [Country]' or go to...

      InventorySource.com
      I fully agree! Alibaba is good if you know your products better than the manufactures themselves - and that takes some time. You need to find wholesalers and strike a deal.
      Leatherman
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  • Profile picture of the author billalbdtest
    In 2013, I went CHINA. I found most of the goods value is really low, but the quality is not good. If you want to get a good quality goods, you have to pay a good rate also.
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  • Profile picture of the author AlwaysTheBest
    Easier said than done, unfortunately
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  • Profile picture of the author Slade556
    The short answer is buy wholesale. Do a bit of research online and see what you find. I don't know what to tell you about Alibaba, from what I read online myself, almost everyone says these guys are the best, but of course this may be a strategy for sellers to mislead newbies.
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  • Profile picture of the author SteveSki
    If you want to buy low and sell high look up warrior "gjabiz" and ask him. He's a good guy and he really knows his stuff.
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    • Profile picture of the author gjabiz
      Originally Posted by SteveSki View Post

      If you want to buy low and sell high look up warrior "gjabiz" and ask him. He's a good guy and he really knows his stuff.
      Thanks Steve,

      Making a profit is what all business is about and I interpret the "buy low, sell high" mantra as a larger than normal margin. For example, say a new car has a 20% profit for the dealer (no where near this, but for the sake of an example) so he makes 4k on a car he sells for 20k, right?

      But a used car dealer can go to an auction and pick up a car for 4k and sell it for 8k, giving him a 100% profit, so he really did BUY LOW AND sell high.

      A word on China, it depends on your experience...I've worked with many companies who are ISO-9000 compliant and they work with Chinese factories which are also compliant. So, let's not disparage an entire country's manufacturing simply because someone bought the "junk". International importing to the US takes some time and knowledge.

      It begins with the IDEA, of what one wants.

      There are tons of stuff (quite literally) which can be picked up for a song, SUPPLY of "buy LOW" merchandise is a bottomless pit.

      It is the SELLING HIGH (the Demand) which makes the difference.

      I once sold 5,000 Chinese Yo-Yos at a mall in a weekend for a buck ea., paid about 7cents each, after table space, a profit of 3k for the weekend. I consider that a buy low sell high type of deal.

      I once imported Tiger Balm, sort of like Ben Gay rub, from Taiwan, and sold the entire lot to a chain for a profit of over 10k.

      So it is DOABLE, but not for the average person with no experience or contacts.

      BEST and fastest way to put cash in pocket is via your local craigslist, where you can buy low and then sell high, often in the same day for fast profits.

      Flip a TV for a fast 50 bux, and iPhone for a quick 75, a car for a cool grand, a boat for 3k, an RV for 7 thousand profit. Selling high, is in the ability to SELL whatever it is you buy.

      And don't forget barter and trades too, sometimes you profit when you trade low and sell high too.

      The beginner would be wise to start locally, get some experience and then scale up as profits allow.

      And, I know way too many people with garages and storage spaces filled to the brim with stuff they bought, thinking they had a bargain but couldn't SELL the merchandise.

      Want a sure fire winner?

      Check out ebay completed listings for drapes and curtains...you'll find an EVERGREEN market for an in DEMAND product with high profit margins built in, you simply buy over there (low) AND SELL over here (high).

      There could be cross town, here could be your neighborhood...better for a newb than there being China.

      gjabiz

      The real SECRET to this mantra, Buy Low/Sell High is KNOWING the demand, the market...
      and the "Stored Value" BEFORE you spend a dime.
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    • Profile picture of the author Importexport
      Originally Posted by SethFarrell View Post

      Lot's of people advising me to start off with this, selling on ebay and amazon etc...
      Just have 1 single question.
      Where do I get the products cheap so I can sell them high?
      Someone advised Alibaba which has lots of negative reviews (although I found a couple suppliers I need more).
      Any other sites that anyone can point out for me?
      Thanks.
      Alibaba has thousands of negative reviews, and for good reason. See my post #30 "Alibaba and the 2336 Thieves" in the thread How Trustworthy is Alibaba.com?
      I would recommend reading the whole thread.
      Originally Posted by Jonathan Vodini View Post

      i highly recommend to not buy from "china" supplier.
      but actually if u are from USA or Europe u can easily buy stuff on any simple wholesales, there are tons on internet, just type on google and u will find a lot of them, but stay away from "made in china" especially alibaba
      Suppliers in China supply a huge % of the goods that people buy retail They manufacture trash as well as quality. In fact when I began importing in 1987 I went to China for supplies because the quality was far superior to what I could buy locally. It was also a fraction of the price.
      Originally Posted by Mehhthew View Post

      Hi Seth,

      I agree with Gambino. In my opinion, I've bought some stuff from Alibaba, some worked great, others were lacking in "quality" if you get what I mean. For example, an apple iphone charger would last longer if bought else where but I bought some from Alibaba and they got damaged easily.

      If it makes any sense, try buying in low quantity and test it out for yourself. Good luck.
      Never buy electronics from China unless you have a lot of experience and technical knowledge.
      Originally Posted by Leatherman View Post

      I fully agree! Alibaba is good if you know your products better than the manufactures themselves - and that takes some time. You need to find wholesalers and strike a deal.
      Leatherman
      Don't buy from wholesalers!!! They buy from the manufacturers and so can you. The result is a huge increase in your profit margin. Yes that is how you buy low if you want to do that and sell high.

      One of my book users posted on the forum about buying quantities of an item in China for $1, spending another $1 on packaging, and selling for $25.
      Signature
      Use emotions and perceptions to build a great brand. Ask me about my book LabelsThatExploit. For safe sourcing and easy importing from 41 countries globally, see https://provenglobalsourcing.com
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  • Profile picture of the author icoachu
    My main problem with the whole “buy low and sell high” strategy on Ebay, Amazon, and Craigslist is that it's very tempting for people to sell commodities.

    We're talking about electronic stuff and small products.

    It's tempting to just buy that stuff from China and hope to sell them at high enough prices on Ebay and Amazon.

    The problem with that strategy is that you're not the first person to think of that strategy.

    China also has a bad reputation in the United States for low-quality goods.

    I would suggest that you look for specialty manufacturers in Europe or India or even in China that produce high-quality goods that can be sold as specialty items.

    The key here is to step away from the commodities game.

    If you’re going to play the commodities game, you're always going to lose.

    Why?

    There are high-volume importers and distributors out there.

    They will beat you every single day.

    It's going to be a losing game for you.

    Instead, you should focus on establishing some sort of brand appeal for mid-level product.

    The profit margin for mid-level products is high enough that you can afford to invest in solid branding strategies.

    In fact, the best strategy is not to go through Amazon or Ebay.

    You can skip those platforms completely.

    Instead, I suggest that you establish an online luxury or “niche” online catalog.

    This gives you more leeway in increasing your profit margin.

    If you don't play the game this way, you're essentially playing the game to lose.

    You're playing a commodities game which is really a race to the bottom in terms of pricing.
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    • Profile picture of the author Importexport
      Originally Posted by icoachu View Post


      China also has a bad reputation in the United States for low-quality goods.

      I would suggest that you look for specialty manufacturers in Europe or India or even in China that produce high-quality goods that can be sold as specialty items.
      I have only quoted a small part of your post because I am not an expert on online marketing.

      My specialty is safe product sourcing overseas, and easy importing.

      I posted previously that when I began importing in 1987 I went to China for supplies because the quality was far superior to what I could buy locally. It was also a fraction of the price.

      I knew I could buy quality there because from 1978 to 1987 I had been exporting an industrial product to China and other countries, and in the process of doing this I visited many factories.

      What I saw in many of those factories was very interesting. Same factory - two or more production lines. One produced high quality, the other produced cheap trash. Strangely, the price difference was quite small.

      I agree you should look for quality, whether in China or other countries.

      I also agree about looking at countries other than China. In fact I have posted a thread on that subject: Importers should consider countries other than China
      Signature
      Use emotions and perceptions to build a great brand. Ask me about my book LabelsThatExploit. For safe sourcing and easy importing from 41 countries globally, see https://provenglobalsourcing.com
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  • Profile picture of the author PLR Basket
    Originally Posted by SethFarrell View Post

    Lot's of people advising me to start off with this, selling on ebay and amazon etc...
    Just have 1 single question.
    Where do I get the products cheap so I can sell them high?
    Someone advised Alibaba which has lots of negative reviews (although I found a couple suppliers I need more).
    Any other sites that anyone can point out for me?
    Thanks.
    I once was selling electronics on Ebay from another Ebay supplier. I basically ran a duplicate of his store with better graphics. The thing is that margins were very low and returns were cumbersome, so I had to stop. But Ebay is a great place to find suppliers, just look for a store that has the stuff you are looking for at a low price with great reviews. Then ask them if they have a store outside of Ebay and if they would be willing to ship the items for you. I've found great suppliers for clothing and electronics this way.
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    • Profile picture of the author Nahawee A
      I am sure that this sounds discouraging but.... if you are a big seller on Ebay, when Ebay stands behind the buyer and not you the seller....you can take the hit. But, if you are the little guy, it hurts.A good many sellers will tell you that Ebay stands with the buyer and not the seller. Just sayin... you shouldn't spend the money you make until the you make sure that the buyer does not get remorse!!!
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  • Profile picture of the author Randall Magwood
    You should see if you can get a large quantity of 1 item, and sell it over and over again on Ebay. Then order higher quantities of it from the wholesaler if it's popping off and you're profiting much. Then introduce these customers to higher priced similar items in your Ebay store.
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