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Old 03-27-2009
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Default Some Tips On buying Wholesale !

Ok , let me get my experince out - will probaly be in a couple parts , This is only my experience about buying wholesaling and nothing more .
I worked in Finance and the World of Real Estate for 14 years sold my business with a partner in 2006 was looking for something to get into and always wanted to do ebay full time and me and my wife had a baby on the way - it was a hobby before as i would by lots- collections-small bulk of items break them down keep what i wanted and sell the rest for a profit did this with cds- dvds- memorbillia -etc .
So i embarked on trying to buy wholesale , had hoped like many others that i would be able to buy wholesale and sell just like the store at the mall - hey i had some money to work with .I quicky found out without the BRICK AND MORTAR rule that most companys have ie a storefront , you aint buying nothing and they dont like internet sellers unless they have a store and are actively selling the same products in the storefront - you also have boundrys meaning some items can only be sold within so many miles of each other by each retailer. This alone should explain why you will always have problems with Vero if you are living on the darkside - so to speak ..and i do know what Designer items , nfl jerseys and dvds cost and you would be surprised at how much these items cost retailers they are not cheap and are a dead giveaway to Vero when you are selling a item for $30-50 that cost a retailer $80 -100 .
So i gave up on all that and decided well what about these wholesale list and i gave them a try and another try and than another try . till i was out quite a bit of money and hadnt bought anything ,but one these wholesale sites was legit just didnt have very good products to me and everybody was already selling the same stuff on ebay so supply and demand was about 10-1 as far as selling history on ebay .. but they did have a Forum on the whoelsale website and i read other peoples experiences and till one day it hit me , The best place to buy wholesale may be the very place that i first started buying which was Ebay ...and for me now it is 100% of what i sell i get from ebay or it was a contact i made through ebay and you would be surprised many of the top sellers are willing to work with you and sell to you by marking up a small bit and sometimes selling remaining stock at a loss as it frees up money for new items they have coming in ....
ok i will add more tomorrow with some tips and examples but just to tell you it is hard work(which will scare many ) as everybody want that MAGIC LIST - sorry its just not that easy - catch tomorrow.

Last edited by gibsonton; 03-27-2009 at 09:36 PM.
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Old 03-27-2009
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Anything honest and worthwhile requires some work...Good post!
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Old 03-27-2009
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Nice,nice. It is the basis of success on ebay. Hard work.
BTW, do you have the pleasure of knowing ebayhateluv? This is just how ebhl 'does' ebay.
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Old 03-27-2009
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Excellent post, I myself purchase from Alibaba, but you have to be careful.
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Old 03-28-2009
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Part 2)

The biggest thing i did was i began to study and research the people and the items selling on ebay in a wholesale manner ,I tracked the items went through completed listings day after day and was very Nosey and asked alot of questions - i would lie and say i had some similar items and ask sellers were they interested in buying -- This is where you will get your EDUCATION !!- people will tell you what is worth money by asking you if you have certain items-I learned to list BAIT auctions Example list a Bulk Lot of old jeans with vague photo list a few names in the description -- Guess what ?people would ask about particular pairs of old Designer jeans and other old designer jeans -i would than look though ebay and see that these old jeans were fetching $100- $300 a pair- i tracked one seller who was buying old Vintage jeans and only paying $3-$20 a pair and than flipping them for $100-$300 a pair......The other thing is i have had people tell me This does not work or they have tried it and it didnt work ..when i ask well how much did they make when they tried - i am normally told well i never did buy anything ..To that i say if you cannot find something in the millions of items listed on ebay to make a profit off of - Than you have not tried hard enough !! The problems is everyone wants it easy ... I am not going to tell you what i sell of course but i am going to give some more examples of people i spied on for months and even a couple friends that buy off ebay and than sell the items on Amazon ..catch you later
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Old 03-28-2009
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nice story!!!
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Old 03-28-2009
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I enjoyed the story.
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Old 03-28-2009
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Very Interesting!!
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Old 03-29-2009
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Part 3


I also found 2 examples of selling dvds .Ran into a old friend last year hadnt talked to in years asked what he did and we were both surprised as we both were selling online
he deals in strictly ''out of print '' Dvds and vhs ...I dont know if he has a guide he uses or he just studied his items like i did .. but he buys off of ebay and also hits local flea markets - pawn shops - yard sales etc ..He sells heavy on AMAZON and so-so on ebay ...his profit is 3k-6k a month as is mark up is high ,most items he has $1-5 in as most people dont understand the out of print items and sell like cheap,, like The Legend Of Billie Jean vhs usually fetches $40-70 delending on condition he picks them up for next to nothing he sells about 100 items a month on ebay and around 200 on amazon on average .

Another person actually bought a small collection of 50 dvds from me paid about $100 shipped ,, i was curious so i followed her activity for a couple of months .she was high volume but low profit per item ...her mark up was about $2-4 a dvd but she was selling 100-150 a day just strictly buying lots off of ebay usually keeping the cost under $2 a dvd ..do the math and she is making a average of $200-400 a day -sure its alot of work but pretty good money.

These examples may not seem attractive or may seem like alot of work but remember these people dont have to do deal ' With that Pit in the Stomach ' Stress over Vero and if they do it would probaly be a isolated incident as both their accounts are over 9 years old and one has 75,000 feedback the other has 12,000 on ebay and 5,000 on amazon .

I will keep adding more post from my 6 months or so of research if you are enjoying and maybe something will help somebody. Thanks
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TBH, your posts are very encouraging and a great example of 'how to be a ebay star' LOL.
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Old 03-29-2009
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thanks good info here
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Very inspiring , Gibsonton!
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Old 03-29-2009
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i too want to thank you for posting -- interesting stuff
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Old 06-06-2009
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Ill add some more next week ..i truly trust in the theory 'pass it down " .
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Old 06-06-2009
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Wow these are great, I would love for most of my stuff to be legit, I hate getting suspended. Thanks!
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Old 06-06-2009
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Quote:
Originally Posted by gibsonton View Post
Ill add some more next week ..i truly trust in the theory 'pass it down " .
Thanks fantastic read :D
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Old 06-08-2009
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great read...keep it up!
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Old 04-07-2011
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I just shed a tear. *tear drop*
Great stuff keep it coming.. u made me think of some good things.. got my mind up and running great inspiration
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Old 04-08-2011
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Thank you for sharing your experience. Love it!!
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Old 01-17-2012
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gibsonton

You still around bud?

Your post are incredibly encouraging - and pleasant to read.. Thank you for your posts.. There is hope after all =)
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Old 01-17-2012
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gibsonton - Activity: 0%...nuff said.
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Old 01-17-2012
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Quote:
Originally Posted by rsot View Post
gibsonton - Activity: 0%...nuff said.
Was hoping to "wish him" back to the thread.. Good point RSOT.. Im still learning to be observant, on the forum and off. lol
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