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Topic created : 24.08.2010, 01:47

Last time edited : 30.03.2011, 17:53
ConradPhilips
 
Im thinking of starting to buy goods at wholesalers and sell them on for profit (of course), I would welcome any advice anyone could give me, I am checking what products sell at what prices etc and plan to undercut the current sellers online but apart from that I have no experience of this and thought Virtonomics would be a goo place to ask for advice.
 
Thanks in advance for any advice you guys could give me.
 
CP.   

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24.08.2010, 10:50

Last time edited : 24.08.2010, 10:51
Mike1
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Undercutting prices may not be necessary at the start unless you've got tons of risk taking in mind e.g. cash to invest in stocked goods - or work with drop shippers of course. You can always reduce prices to fix sales, its easier than to increase them.
 
Research and marketing are corner stones, i'd suggest localized language,  focus on customer satisfaction and -binding,  maximizing return per customer rather than volume first. Keep in mind freight cost may add up big $$ on the cost for the buyer,  buy 2 get one free offers could be attractive as some people buy more of an item even they don't need it - if its cheap and/or free.
 
Good Luck! 
 

24.08.2010, 13:43.     Subject: Thanks again Mike
ConradPhilips
 
You sound like a guy who knows his stuff, when I say 'business' I mean buying a small amount of goods at first and selling them on Ebay.
 
I will buy them from my local Cash and Carry and store them at home atm, I'm talking small amounts to begin with to test the water so to speak, and see where it takes me......hopefully onto bigger and better lol!
 
Thanks again! 
 

25.08.2010, 11:57
ccm_tsang
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i've seen and heard of people who buy FROM eBay in bulk, then sell it individually and make money.  as Mike1 said, research and marketing - if you are talking eBay, you can just track some items over a period of time for free and see where that leads.  
 
was looking at eBay for iphones a while back for my niece and noticed the bulk-buying then resale tactic. electronics, of course, have a shortish shelf life and become quickly superseded by the next model.  starting small sounds like a very prudent and sensible idea.
 
good luck 
 

19.09.2010, 23:11

Last time edited : 19.09.2010, 23:14
eVVe
Six years with Virtonomics
 
Hi everyone,
 
I'm back after almost 6 month absence........ Trying to re-establish my business..... & its kinda messy in my company. After a few week of fixing... finally its almost back on course.
 

Its sad to see some of my partners cease it operation Not so
 

Btw, just wanted so say hi to some of my old friends. 
 

19.09.2010, 23:19
VLLord
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eVVe
Hi everyone,
 
I'm back after almost 6 month absence........ Trying to re-establish my business..... & its kinda messy in my company. After a few week of fixing... finally its almost back on course.
 
 
Its sad to see some of my partners cease it operation Not so
 
 
Btw, just wanted so say hi to some of my old friends.

 
 

19.09.2010, 23:46
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hi evve...long time no see Well how are you my friend? where were you? 
 

22.09.2010, 01:56
ConradPhilips
 
Really?Nice to see my thread hijacked lolReally? 
 

22.09.2010, 12:48
Standard underwear Estonian bronze coin Four years with Virtonomics
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sorry for that Conrad Well 
 

2.10.2010, 10:09
eVVe
Six years with Virtonomics
 
Well
I just temporary occupied part of ur thread Well
 
I was 2 busy nowdays.. untill no time to play.
 
Try to re-establish my company......
 
Btw.... i feel great there some body still remember me... thx
 
bostjan & vlord. 
 

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