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Dropshipping & Wholesale Suppliers Discuss Dropshipping on/off eBay, Amazon, Shopify, Etsy and other platforms.

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  #1  
Old 01-22-2015
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Default Local Discount Warehouse

Hi, I'm new here and looking to getting into selling on ebay. I've read through the ebay stealth guide I knew quite a bit about stealth accounts from previous encounters but it was a great read none the less.

I live near a "Discount Warehouse", which are selling product that they purchased in bulk for cheap. I researched about 10 items I picked from the warehouse and found that people selling them on ebay are 10-20 more expensive than I can get them for.

For example a pair of boots are selling for 38.99 on ebay with free economy shipping. The exact same pair of boots are sold at this warehouse for 29.99, plus I can collect the items myself as the warehouse is about a 2 minute walk.

Is this a viable option to start on? There are obviously plenty of other items at this warehouse. I'm not looking for massive profit at the start, just somewhere to start off and build myself up.
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Old 01-22-2015
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Default Re: Local Discount Warehouse

You really should purchase some of these items and have them on hand for shipping.
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Old 01-22-2015
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Default Re: Local Discount Warehouse

He has inventory mm78 2 blocks away, why not leverage it?
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Default Re: Local Discount Warehouse

Agreed, is this like a designer outlet store, the discount warehouse you mention, just be careful there no designer brand names on any of the items, but other than that it sounds ideal for sourcing your items to list on eBay
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Default Re: Local Discount Warehouse

Keep every receipt
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Old 01-22-2015
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Default Re: Local Discount Warehouse

It's been here for over 2 years, it sells all sorts of items electronics, clothes, diy, car etc etc.

Quote:
Originally Posted by danshan View Post
Keep every receipt
That's gotten me worried, what do you mean?

Only thing I'm worried about is shipping costs.
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Old 01-22-2015
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Default Re: Local Discount Warehouse

Pp at some point will want your source, that is your source and proof
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Old 01-22-2015
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Default Re: Local Discount Warehouse

The store requires membership also, it's free and it also has a section about ebay traders.

I'll be going down Saturday and having a look at their items as their catalog doesn't show all of it. Ill do research on some of the items they have and try selling a few. I've still got to build up my stealth account however.
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Old 01-22-2015
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Default Re: Local Discount Warehouse

Quote:
Originally Posted by Mrkrabz View Post
The store requires membership also, it's free and it also has a section about ebay traders.

I'll be going down Saturday and having a look at their items as their catalog doesn't show all of it. Ill do research on some of the items they have and try selling a few. I've still got to build up my stealth account however.
Sounds like a really useful place Mrkrabz, should have some great items there for you to list on your account and exactly the kind of place we could all do with living just a 2 minute walk from!!
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Old 01-22-2015
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Default Re: Local Discount Warehouse

You will need to work out your profit before diving in.

For the example you give.

Cost is 29.99. Selling price is 38.99.

38.99 - 14% (rough calculation of eBay and paypal fees) = 33.53

Postage costs will likely be a minimum of 2.80, not including packaging.

So its really not worth it for 0.70 profit. Factor in returns/lost post etc and it's just not viable.

My point is, make sure you do your research.
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Default Re: Local Discount Warehouse

I have made a lot of pennies on couple buck profit items in my day
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Default Re: Local Discount Warehouse

Quote:
Originally Posted by just_smile View Post
You will need to work out your profit before diving in.

For the example you give.

Cost is 29.99. Selling price is 38.99.

38.99 - 14% (rough calculation of eBay and paypal fees) = 33.53

Postage costs will likely be a minimum of 2.80, not including packaging.

So its really not worth it for 0.70 profit. Factor in returns/lost post etc and it's just not viable.

My point is, make sure you do your research.
I understand, I was using an ebay calculator earlier. It's just somewhere to start off and get used to the whole thing not entirely for profit right away.
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Old 01-22-2015
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Default Re: Local Discount Warehouse

Good idea,

You can always work your way in to eBay. Start slow and build up over time, less chance of making mistakes that way.
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Default Re: Local Discount Warehouse

Quote:
Originally Posted by danshan View Post
I have made a lot of pennies on couple buck profit items in my day

But in this day and age you'll get to the projected 200 sales rather quick just to make less than $400 and unless you have lots of accounts it's just not enough profits for the trouble in my opinion
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Default Re: Local Discount Warehouse

Can you say ein
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Default Re: Local Discount Warehouse

Yeah but for that you need quite a few items that have great demand for EIN to be ideal, and then you need to add your time and overhead. I wouldn't ship 10 items a day just for $20 profit but that's just me
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Default Re: Local Discount Warehouse

But i would do a 100 for 250 . An ein and llc take 50 bucks and 15 minutes
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Old 01-23-2015
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Default Re: Local Discount Warehouse

Quote:
Originally Posted by danshan View Post
I have made a lot of pennies on couple buck profit items in my day
Was that helpful as you did say you got lots of paypals limited?

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Old 01-23-2015
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Default Re: Local Discount Warehouse

I have a lot of experience with limited accounts, thank god because it gave me an open mind and many opportunities to try different things to succeed. I feel I am very competent now in stealth thanks to the forum and good ol google
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Default Re: Local Discount Warehouse

Why aren't you selling those $2 profit items anymore if you don't mind me asking
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Default Re: Local Discount Warehouse

I actually do sell some low profit stuff but mainly I do it as stuffers. I have a niche i sell a zillion cheap but industry specific items and than I have an awesome industry specific email list of current buyers and than I push my industry specific high profit margin items to that group. A great marketing plan and also huge acct builder method.
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Old 01-23-2015
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Default Re: Local Discount Warehouse

Quote:
Originally Posted by danshan View Post
I actually do sell some low profit stuff but mainly I do it as stuffers. I have a niche i sell a zillion cheap but industry specific items and than I have an awesome industry specific email list of current buyers and than I push my industry specific high profit margin items to that group. A great marketing plan and also huge acct builder method.

Sounds like a good plan for those reasons. I also sell low or break even items for stuffers and account building but not really for profit. Good idea on the email list on a specific niche.
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