Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

 

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Hello all, I will keep this as brief as possible, as to not chase anybody ...
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    ArtVandelay's Avatar
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    Default Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    Hello all,

    I will keep this as brief as possible, as to not chase anybody away. Please don't take my brief and frank phrasing as standoffish or lazy!

    I am starting with a $400 initial investment.
    I am located in the USA.
    I am looking to be 100% legit.
    I am starting with an account that has 0 seller feedback, though I have sold items on eBay before.

    I am looking for a wholesale (or other) source that can provide me with authentic, legal products which I can sell on eBay.

    Recently I've been doing a lot of research into the name-brand cosmetics. Importing from China wholesalers.
    I've been using aliexpress. I've been told it's good for beginners - which I am. I did lots of research, ordered two dozen sample products (a few pieces of several samples). Yesterday I learned that one of the companies that I ordered some products of supposedly buys back all surplus supplies of their products and is very strict in ensuring that wholesale distributors don't sell their products to non-licensed second-hand distributors. So now I expect that the products that are in the mail to me are indeed fakes. Hopefully I can get a refund on those, but if not I suppose there's no use in crying over spilled milk.

    I think I can find niches. For the sake of this, let's say I found a niche in hair care, or similar beauty/health products. How can I locate a reliable, authentic wholesale source that will sell me those products at a price that is conducive to my budget and and non-registered business status?
    Should I legally register myself as a business?
    What are some steps that I can take that will ensure that I can safely grow my $400 initial investment into a significantly greater amount?

    I've read a lot about this on BHW but I think some personalized advice would be beneficial.

    My goals, and maybe these are unrealistic, is to be making $1,000 a month by the month of April, and $3,000 a month by the month of August.
    From what I read, this would mean that I'd have to be turning over approximately $4,000 and $12,000 in goods by each respective month. I base this on the Pareto Principle.

    I am looking for any advice on how to make this happen. Like I said, I've read a lot about this so I can probably understand the idea behind most ideas thrown my way. For the ones that I don't understand, I am of course more than motivated to put in the due diligence! I'm unemployed at the moment, so I've been doing about 5 hours of research a day - whenever I'm not doing my menial, low-pay, manual labor jobs to pay the bills.

    You may PM me, as to not display any semi-private information to hundreds of viewers, or Skype me at oneartvandelay.

    Thank you everybody in advance!




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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    Well if you want to go legit my advice to you is to first obtain a resale certificate. DBA ( doing business as) or LLC ( limited liability corporation) LLC will be your best choice because it protects u in case anything happen with the products u will be selling. With the resale certificate you can get cheaper prices when buying from real wholesalers. I believe there is a section dedicated to dropshipping n wholesale they have a big list of wholesalers as well. If u cant find anything there look into world wide brand they have good resources kind of expensive but i think is worth it. Also if u planing on selling various items check out ebay stores because ebay fees are crazy now days so that is one thing to take in consideration. I hope this help any questions feel free to ask. :thumbup:

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    Thanks a lot - I appreciate the advice.
    At my level of business though - a theoretical business of 1 employee, valued (only by me) at $400 - is it feasible and/or reasonable to get this?

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    It actually depends on the state u are in. I obtained my retail certificate and dba with less than 100 dollars in new jersey. LLC is more expensive thought. But u can get it after u get ur foot on the water and give it a test drive before diving in. Ur main thing now is looking for a supplier. Which is hard, u will run thru a lot of middle mans claiming to be real suppliers so be carefull. Check liquidation.com and do some research on ur desire product line. Not the best but is a start for ur budget.

    Edit:
    Forgot to mention to be careful when buying overseas importing fees may be apply, try to find usa companies. Use the yellowpages u will be surprise what u can find there.
    Last edited by drkwrld; 01-26-2013 at 02:37 AM.

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    I'm in California. Thanks for the tips. Yellowpages, huh? Interesting. Might it help that I'm in Los Angeles County? I'd imagine this would put me close to some USA sources.

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    If you haven't done so already, you should read the thread in this forum titled "Everything You Need To Go Legit On Ebay Right Here."

    IMO, ordering samples is usually a waist of time. They'll always send you a perfect sample. Also, if you're importing something from Asia that's branded, it's almost always a fake.

    I wouldn't worry about business registration just yet either. Wait until you're actually making money. If your business activities generate income, you simply file a schedule K when it's time to do your taxes.

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    Agree ^^^^^^
    Anything branded from China is usually a fake and will soon see your new ebay account closed.
    If you plan on going ahead with this you need to get the account to atleast 90 days old with decent feedback before you start introducing suspect items .
    New accounts are heavily monitored so sell some random used stuff that is unbranded.
    But a longer term solution is finding niche unbranded items from wholesalers this will mean they do not get seized by customs and wont cause issues with vero on ebay.
    More research required.

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    If you looking to sell gamecards.I can help you.I am dropshipper here and provide to a lot of people on BHW.You can search my thread in the dropshipping section.
    This member has been permanently banned from BHW.

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    Quote Originally Posted by EbayAccounts4U View Post
    Agree ^^^^^^
    Anything branded from China is usually a fake and will soon see your new ebay account closed.
    If you plan on going ahead with this you need to get the account to atleast 90 days old with decent feedback before you start introducing suspect items .
    New accounts are heavily monitored so sell some random used stuff that is unbranded.
    But a longer term solution is finding niche unbranded items from wholesalers this will mean they do not get seized by customs and wont cause issues with vero on ebay.
    More research required.
    I did actually know all of that. The hard part, and the part I could use more help on than anything, is finding the niche of unbranded products. Don't get me wrong - I thank you very much for the advice - but I should add that even though I want to be as legit as possible, I'm not at all opposed to using stealth accounts to get things done from the get-go. It seems like a necessity, as my selling limit is 10 items a month, or $500 in sales, which won't be enough.
    So any advice on going stealth is of course welcome. Yes I have read 'How to NEVER get suspended again from ebay AGAN'

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    Quote Originally Posted by ArtVandelay View Post
    I did actually know all of that. The hard part, and the part I could use more help on than anything, is finding the niche of unbranded products.
    So you want low-risk, unbranded, easy to ship, in demand, high margin products for an unsaturated niche market? Well join the club. EVERYBODY is looking for that, and anyone who knows of such a product, isn't going to tell you because they're probably already selling it, and they don't want competition.

    I hope that didn't come off as condescending, I'm just trying to put things into perspective for you.

    Now here's a word of advice. Not everything you sale has to be unbranded. You can get stuff at wholesale right here in the United States that's totally legit. Did you read that thread I mentioned? The OP lists places in America to get wholesale items. I would give you some links, but BlackHatWorld won't let me post links yet.

    Here's another piece of advice. Turn your eBay account into an asset. A USA located eBay account in good standing, with high selling limits is very valuable, and if you have one, there's a lot of people around the globe that would love to work with you. So start selling small things on a regular basis just to work up your account limits and feedback, even if you don't make much money off of it. As an example, I have an eBay account with excellent feedback, and very high selling limits. When I posted about my account on this forum, I was bombarded with offers to sell stuff. I was even told that I could sell my account for $10K-$15K. So that gives you an idea on how valuable an eBay account can be.

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    i am pretty similar to you..i also live in la county and started selling on ebay..i wanna go towards the legit unbranded path as well

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    Quote Originally Posted by ArtVandelay View Post
    I did actually know all of that. The hard part, and the part I could use more help on than anything, is finding the niche of unbranded products. Don't get me wrong - I thank you very much for the advice - but I should add that even though I want to be as legit as possible, I'm not at all opposed to using stealth accounts to get things done from the get-go. It seems like a necessity, as my selling limit is 10 items a month, or $500 in sales, which won't be enough.
    So any advice on going stealth is of course welcome. Yes I have read 'How to NEVER get suspended again from ebay AGAN'
    Sadly it is a necessity to use stealth accs for anyone wanting to do decent trade on ebay .
    Its all a matter of not putting all your eggs in one basket .
    If you have 10 accs and one gets banned its not such a worry as you have plenty others.
    And of course you have 10 x selling limits.
    Products wise i cant help on , as mentioned good products are kept close to peoples chest and i dont do products i do ebay accs.
    Any help / advice you need pm me and ill do my best .

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    Default Re: Looking For Advice On, And Critique Of My Developing eBay/Wholesale Plan

    When I posted about my account on this forum, I was bombarded with offers to sell stuff.
    Thanks, I appreciate the advice.
    Do people send you items to sell, then you sell them and share the profit, or do you list/sell them and they ship the item? The latter idea seems like a very risky way of doing business, since it would be easy for somebody else to harm your eBay account. Not that there's any incentive to, but it seems easily possible.
    Thanks again
    Last edited by ArtVandelay; 02-01-2013 at 05:47 AM.


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