Are you going to the ASD show in Las Vegas next week? Many of my clients are excited about attending this very large and popular trade show. If you are not familiar with ASD, here is a summary from their website:
"As the producer of the nations largest merchandise trade shows, Nielsen Business Media's Merchandise Group, ASD provides a portfolio of innovative face-to-face, print, and online products for the wholesale trade industry." (ASDonline.com)
ASD holds shows all over the country every year. If you are able to attend, it is well worth your time because you can get product ideas, meet suppliers face to face, and network with other online sellers.
One sure fire way to make a killing selling online is to negotiate with suppliers to be the exclusive online seller. Suppliers are often reluctant to have their products sold online, especially on eBay, because the competition can devalue their product in a hurry. But, there are ways around this, as Skip McGrath explained in his Jan 28, 2011 newsletter.
1. Agree to use the official logo and description of an item as provided by the supplier. Allow the supplier to approve your listing before it goes live.
2. Agree to purchase a minimum order which usually is between $200 and $600.
3. Agree on pricing. Most suppliers have a MAP (minimum advertised price). You may not offer the product for below that price. This preserves the integrity of the product, the supplier, and you as the approved eBay seller.
4. Agree to be a watchdog. The company will want you to report back to them when you find or become aware of unauthorized sellers offering the product on eBay.
Now, your next question is, "What kind of products do I look for?" You may feel like you are wading through a sea of unlimited products. Here are some popular niches on eBay and Amazon:
Anything non-toxic, chemical free, or earth friendly (GREEN products)
Survival, hunting, hiking, camping gear and gadgets (Geocaching supplies)
Organic products (things made from organic cotton, organic cosmetic products, etc)
Pet products (5 Pet Product Niches)
Travel related items
Wedding products
You may also see what some will think are "dumb and stupid products." But remember, those things can sell and make money for you. Remember Silly Bandz? That was a pretty dumb product - animal shaped rubber bands. But they were a very hot product for several months. What about The Snuggie? You see those everywhere now. The Thigh Master? Stupid, yes. Lucrative, you bet! Bottled water? 25 years ago who would have dreamed something like bottled water would be a social phenomenon and a billion dollar industry today?
The key is to get in on the product early and ride the wave as long as you can.
Click here for a list of 395 eBay friendly wholesalers along with 5 important facts for choosing profitable wholesale products to sell on eBay.
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