If you are looking to make some extra money then selling on sites such as eBay, Amazon and other e-commerce platforms, is one of the easiest things to do. But once you have sold every thing in your home and business, what next? Well you need more stock and through this article Sourcing Products I hope to give you some tips and ideas on where to go and find / source that stock.
Before we get in to the main part of sourcing products I just want to point something out. Unless you do not care or mind what people think about what you sell, just think about this. Your product is a great success and one day a daytime TV company does a piece on you and your company, everyone sees it family, friends, or boss at work. Would you mind them knowing the item you are selling to make that extra money? Just stop and think every time you are looking at sourcing products.
Car Boot Sales
If you like getting up early in the morning and do not mind the wet weather then car boot sales are a great place for sourcing products from China. At car boots you find brand new items as well as second hand items and often you will find that little gem that will give you a home run and turn those few dollars or pounds into hundreds, you just never know. Keeps those eyes and ears open.
Markets around the world are always great places to find and do product sourcing. You can either stay local or visit markets when you are away on holiday. Now you can either just buy the products at the asking price or you try and get a discount from the market traders. But remember these traders still need to make a living.
Another type of market is the craft markets that we are starting to see spring up all over the place and very often these people are fantastic at making the products that they sell, but when they come to the market they often fall very short. You can help them out.
Again go and find some local auctions, pay them a visit and watch what is going on. Normally you can visit the items the day before or the morning before. Do this and then do some quick research. Now let us say you see an item and it sells day in and out on Amazon for $100 and they have a stack at the auction, set yourself a maximum amount you are will to pay, and do not forget those small extras that auction houses charge. As long as you buy right and do not get taken in with the buzz of the auction you will make a good profit.
Sourcing products is the life blood of your business, and soon you will find yourself doing when you are out for a meal, away on holiday etc. Product sourcing is a mind set and needs to be away of life for any e-commerce seller.