The #1 Failure Among All Online Resellers!
By Jason Collins
Have you ever looked through a search engine for products to sell online and found a wholesaler site with a huge warehouse full of products you can sell?
Have you then researched the web marketplace and priced those items for sell only to realize that a bunch of other people are selling that same product, some for even less than what you could afford to sell it?
If you can answer yes to that question then what you need to realize is that these people are targeting you through search engines and everyone else who wants to sell a few products online for a little extra cash. These people are not wholesalers, they are middle men marking up products a little bit and getting a few hundred people to sell their stuff for them.
Some of these so called wholesalers even have the nerve to charge you a monthly fee just to do business with you! A real factory direct source will need your resellers permit to do business with you, that is it.
Check into a couple auction sites and see the products successful people are moving everyday and then see if you can find a wholesaler for that same product to buy from. You won't be able to, do you know why?
It is simple!
They do not have the money or time to spend to advertise to you. Let's face it; a real factory direct wholesaler is not going to put money into targeting buyers who are only going to buy small quantities for resell. They have bigger contracts with big chains like Walmart to worry with.
The #1 Failure Among All Online Resellers is: Product Sourcing Research!
If you stand to compete in the online atmosphere with plenty of other bigger chains selling the same products you need to cut the middle man and buy direct from the manufacturer. Your price has to meet with supply and demand which it won't if you are paying mark up prices from a middle man. If you want to be successful and not waste your time only to give it up later on after deciding it is costing you to much to make very little then you need to find a factory authorized dealer and work with them directly.
A good source is this company Worldwide Brands who does Product Sourcing Research and finds the factory direct dealers for you to work with. They are also experts with Market Research with which the founder of the company hosts Entrepreneur Magazine E-Biz Radio Show. Yes, this is the same Entrepreneur Magazine that millions of successful Entrepreneurs have turned to for nearly 30 years for the best business advice around.
Even though there are a few good companies with some decent products out there targeting you to buy from them, they are also targeting everyone else who are all selling the same products, which makes it hard to compete. Product Sourcing must be done if you really want to be successful.
Jason Collins
www.sellersreference.com
sellers reference blog
About the Author Jason has been been educating Product Sourcing and Market Research for years and is a qualified expert in business marketing.
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