The first thing you should do before starting an online business is find a stream of excellent products to sell online. Here are some places where you can look for such products:
1) Drop Shipper Directories: You can quickly identify companies in your target niche that will ship directly to your customer's door and thus you are free from the hassle of storing inventory or losing investments in products that did not meet your expectations. You can easily buy from the directories of drop shippers that are for sale online but make sure that you are buying a trusted one.
2) Local businesses: It is still surprising just how many businesses in my local area that offer great products haven't tried e-commerce yet, you will most likely find that it is the same in your area. Prove to them the benefits of online retailing in exchange for a set reward ratio from any profits they make using your efforts.
3) Crafters: Local crafters are fantastic as they are often highly focussed on the creation element and are unaware of the retail potential of their creations. This can be great for you as they offer unique products and are often very open to a reduction in their rates if you do mass purchasing.
4) Garage sales and flea markets: Another place to look for forgotten successful products is the garage sale. Once you are happy with your niche and have gained a little knowledge in this area, you can begin scouring sales for these forgotten treasures.
5) eBay: It remains a great source for many different products. If you can find any in demand wholesale lot that can be broken down for profitable solo sales, go for it.
6) Wholesaler Directories: These are very expensive to purchase, however your local library will probably have copies. Inside you will find directories of distributors, manufacturers and wholesalers. Directories are easy to use as they are normally organized by SIC code, so you can quickly zoom onto the product categories that have piqued your interest.
7) Trade Shows: These have many benefits from finding products to gaining exposure as a marketer through the networking sessions of these events. With plenty of merchants gathered in one place all with the same goal of attracting resellers you can be sure of finding a product. Just be sure to attend the right event, this can easliy be assured through making contact with the trade associations and industry publications in your niche.
8) Importers/Exporters: This is where you need to tread very carefully as you are dealing with companies that import products from foreign countries with varying levels of consideration to build quality and saftey. You are ultimately liable for the product once it reaches your consumer thus this should be considered as an advanced technique and one that is not to be rushed into.
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