When it comes to product sourcing, most people think only about wholesalers and suppliers. However, there are many other sources from which you can buy products for your eBay wholesale business.
Here Are Some Common Methods Of Product Sourcing.
Local Markets
You can find products at really good bargains at local thrift stores, flea markets, and garage sales. Although this method of procuring products is time-consuming, if you are lucky, you may get products at dirt-cheap prices.
Liquidators
Liquidators are merchants who mainly deal in seconds, surplus, and close out stocks. Brands and manufacturers sell their factory rejected, outdated, and surplus stock to liquidators at very low rates from time to time. Although you cannot depend on liquidators for a regular supply of products, there is no harm in buying from them once in a while. Liquidation products are cheap. However, there are two problems in buying liquidation products.
• You may have to buy a huge wholesale lot.
• You may not be allowed to check the quality of products before buying.
Importing
Sometimes importing products turns out to be a cheaper option. Due to the low cost of raw materials and labor, the cost of manufacturing is less in some countries. You may be able to import some products at lower than market rates even after considering taxes, duties, and shipping cost. Although importing is a great way of buying eBay wholesale products at low rates, it has a few drawbacks too.
• It is difficult to trust overseas suppliers.
• Products may be fake or of inferior quality.
• You may have trouble communicating with overseas suppliers due to language and cultural barriers.
Wholesalers
Last but not the least, procuring products from wholesalers is the most common phenomenon. Wholesalers sell in bulk and therefore, have a minimum order requirement. You may get discounts, depending upon the size of the order you place.
If you find buying supplies a difficult task, you may consider using a wholesale dropshipper for your business. Dropshipping is preferred by many eBay wholesale businesses, as it eliminates the upfront cost of buying supplies and reduces risk.
Here Are Some Common Methods Of Product Sourcing.
Local Markets
You can find products at really good bargains at local thrift stores, flea markets, and garage sales. Although this method of procuring products is time-consuming, if you are lucky, you may get products at dirt-cheap prices.
Liquidators
Liquidators are merchants who mainly deal in seconds, surplus, and close out stocks. Brands and manufacturers sell their factory rejected, outdated, and surplus stock to liquidators at very low rates from time to time. Although you cannot depend on liquidators for a regular supply of products, there is no harm in buying from them once in a while. Liquidation products are cheap. However, there are two problems in buying liquidation products.
• You may have to buy a huge wholesale lot.
• You may not be allowed to check the quality of products before buying.
Importing
Sometimes importing products turns out to be a cheaper option. Due to the low cost of raw materials and labor, the cost of manufacturing is less in some countries. You may be able to import some products at lower than market rates even after considering taxes, duties, and shipping cost. Although importing is a great way of buying eBay wholesale products at low rates, it has a few drawbacks too.
• It is difficult to trust overseas suppliers.
• Products may be fake or of inferior quality.
• You may have trouble communicating with overseas suppliers due to language and cultural barriers.
Wholesalers
Last but not the least, procuring products from wholesalers is the most common phenomenon. Wholesalers sell in bulk and therefore, have a minimum order requirement. You may get discounts, depending upon the size of the order you place.
If you find buying supplies a difficult task, you may consider using a wholesale dropshipper for your business. Dropshipping is preferred by many eBay wholesale businesses, as it eliminates the upfront cost of buying supplies and reduces risk.
