Are You Ready To Make Money Online But Don’t Know Where To Start Or Maybe You Are Frustrated With Information Overload?

Making Money Online Really Is Easy If You Know How!

So Come To Our Live Workshop To Discover How!

From: Kham Lee Tran & Ash Oz

Participate in our workshop and not only will we teach you the easiest and quickest way to make money online but we will walk you through each step of the process.

How would you like to make money within hours or minutes from getting started? It happens!

In addition, we will teach you and guide you as you set up your online business so you can make money on autopilot.

Would you like to have money pouring into your bank account while you are asleep or on vacation? The best part is “there is NO LIMIT to how much you can earn!

This is a live HANDS ON WORKSHOP unlike any other, where we will mentor you, and provided you can follow simple instructions, you will leave the workshop with your very own online business GUARANTEED (or your money back)!

Who Are We?

We are two Internet Marketers from Sydney who have learnt some basic success principles on generating income online and are now applying what we are learning.

We have a wealth of knowledge on internet marketing as a result of attending seminars, workshops and applying what we learn to our online businesses.

In addition we are coached and mentored by some of the top internet gurus that are making millions online. Between us, our coaches and mentors include Brett McFall, Mike Filsaime, Stephen Pierce, Ewen Chia, Nikhil Parekh and Anthony Robbins.

Our mentors understand the following quote:
“If you help enough other people get what they want, you will get what you want.” – Zig Ziglar

So our mission is to share our knowledge with others who want more out of life and maybe even do some joint ventures online.

Register

To reserve your seat to attend our FREE Information Session or to find out more about our workshops, please go to http://www.akinternetsuccess.com

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Sourcing Items to Sell

Written by SaleHoo.com © All Rights Reserved

I’ve got my idea – now where do I go?

Not sure where to turn to find your stock? The best idea is to find a couple of supply sources for your items so that if one dries up during a busy period, you won’t be left high and dry.

1. Garage Sales

Garage sales can be a great opportunity to pick up potentially valuable items selling for pennies. However, they do require a regular time commitment and a lot of patience! You’ll quite likely travel around 5-8 sales before you find anything suitable. Going around garage sales requires planning and rising early. The best idea is to look through the morning papers as soon as they arrive. Plan your route to make most efficient use of your time so that you are not doubling back. Make a list of items you would like to find and the maximum amount you would pay to make a profit. And finally, don’t forget to take cash! Take small bills and some change as most garage sale owners only have a small amount on hand. It’s a waste of everyone’s time if you have to race down to the ATM machine. Garage sales can be useful sources, but they rely on luck and have a high time cost per item. Thus, serious sellers don’t rely on garage sales as their sole provider.

2. Liquidation sales

Liquidation sales are a fantastic way of finding brand-name items at enormous discounts. Check your newspapers and look for sales in your area. Before buying from a liquidator check to see why the goods are being sold. Most of the time liquidation sales take place for legitimate reasons such as company bankruptcy, store relocation and so on. However, it always pays to check as you don’t want to end up with a pile of stock you can’t shift. Another thing – don’t bother with liquidation stock that is outside the scope of your business. There is no point buying liquidation bicycle equipment just because it’s cheap when you only sell jewelry.

Alternatively, you can find liquidation sites on the Internet – one such site is http://www.liquidation.com. These sites make it extremely easy to buy liquidation, particularly if you live in an outlying area. One thing – just make sure that the possibility of damaged stock and used or returned items included in the lots is small or non-existent.

Liquidation sales are a great way to supplement your stock, but they can’t be relied upon to restock the shelves.

3. Estate sales

Estate sales can be a goldmine for anyone selling jewelry, vintage clothing, books, furniture and so on. Once again, you need to have an idea of how much you can afford to spend before you go. Don’t forget to buy items your customers would like, rather simply getting caught up in your own enthusiasm for what is for sale. Note that estate sales run by an agent are unlikely to garner the same bargains as one run by the family.

4. Clearance stores

At certain times of the year, most major stores will have a stock clear-out sale. Some of these sales give you the opportunity to buy goods 50% or more below the regular retail value. This can be a fantastic opportunity to find items to sell – or replenish your stocks. Good clearance sales can be equal to or even below a good wholesale price. Don’t forget to overlook small hobby shops in your area with clearance sales either. If you know the store is going to have clearance sales regularly, then this can be one method of getting stock.

5. Wholesalers

Wholesalers are the most reliable method of sourcing goods. While the initial process can be time consuming at first, it is effort that pays off. When you have found a wholesale, you now have certainty of when you are going to receive stock and how much you will have to pay for it. The best way to find wholesalers is to use a directory. Directories remove the risk of dealing with illegitimate wholesalers and give you some peace of mind when dealing with wholesalers and manufacturers from China. Wholesalers should be the mainstay behind your product sourcing.
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About the Author: SaleHoo is one of the fastest growing product sourcing portals on the internet. It contains a database of drop ship, wholesale, closeout and manufacturing suppliers offering thousands of product suppliers to consumers! Located at www.SaleHoo.com, visitors are allowed to sign up for unlimited and lifetime access to the completely searchable database of products and suppliers. The database is regularly updated, ensuring that the latest retail products are always available for purchase and SaleHoo carries the BBB Reliability Seal!

Join SaleHoo Today for their Special Startup Offer!

Here are some of the benefits SaleHoo offers their clients:

• Global suppliers with over 5,347 Wholesale Product Suppliers
• All wholesalers must meet minimum standards of service.
• SaleHoo don’t just talk to their suppliers… each week they anonymously purchase from different suppliers and then rate them on price, speed, quality and service!
• Have a large directory of dropshippers more than willing to supply single items or small quantities.
• If they don’t have it, they can find it for you. SaleHoo have staff working 7 days a week, available to answer your questions and find suppliers if they’re not already listed in their directories.
• Over 150 categories of goods, from jewelery and DVDs to plumbing supplies
• generic goods and brand-name goods, including Gucci, Prada, D&G, Versace, Polo, YSL, and Seven, etc
• Over 40,000 members worldwide
• SaleHoo offer a 56-day money-back guarantee.

Unfortunately, since I have been satisfied with SaleHoo, I have not personally used other wholesale list myself. If anyone has, please share your experience here.

To learn more about SaleHoo Click Here.

Other Resources:

• MyAuctionGenerator
• Adam Ginsberg’s Template Optimizer

Focus, achieve and succeed!

Kham Lee Tran

You can start selling your personal items that you no longer want.

You can make you own products to sell.

You can buy products from

• garage sale
• auction
• warehouse sale
• retail sale

You can buy bulk at wholesale price.

Some of these require research and a lot of time in traveling and handling of the products.

If you don’t want to spend a lot of time having to go garage sale or auctions etc,
the best way is to source your products direct from a supplier (either a manufacturer or distributor).
This method is one of the best ways to source your products and so I will cover it in more detail.

Option 1: Buy direct from a supplier

If you are able to find a supplier (manufacturer) who is willing to sell direct to you at a reasonable discount,
then you may be able to make a profit as a distributor. Don’t forget to take into account the shipping and handling (your time) cost.

Finding a manufacturer that is willing to sell direct to you may be difficult unless you already have a related business.
Many manufacturers don’t like dealing with small accounts.

Also, many of these suppliers may require you to buy bulk quantities. This means you will need space to store the items and capital to pay for the items in advance.

OPTION 2: Drop shipping

You may have heard of the term drop shipping. This is simply buying from a supplier and having them ship the item direct to your customer.

Drop shipping has become popular in recent years and many people are even selling directories listing suppliers that are willing to drop ship.

But be warned, as information from most directories are out dated or incorrect. I myself have found some directories where the contact details & websites were disconnected.

I’ll share with you a little later a couple of reliable directories. Meanwhile here are some benefits and drawbacks in using Drop Shipping method.

Benefits:

• No inventory cost – you don’t have to buy any products in advance (until you make a sale)
• No warehouse/storage space required – save on space and rent
• No product handling – you don’t have to spend time packaging and shipping the item, it is done for you
• Cashflow – you sell the item before buying it, ie you collect the money before distributing the money to your supplier and yourself (the profit)
• Guarantee profit – as long as you sell the item for more than what your supplier charges, you will always be guaranteed to make a profit since you never need to pay for the item until after you have sold it.

Drawback:

• You rely on the supplier to be professional and provide excellent customer service, this includes quick delivery, prompt response to enquiries etc.
• Your supplier may not provide the service level as good as you would have done it yourself.
• If there is a problem with the delivery or the product the customer will want immediate resolution from you, however you may need to follow up with the supplier who may not be so quick to respond.

Remember to focus, achieve and succeed!

Kham Lee Tran

Sign up for a free Paypal account at www.paypal.com

You are now ready to start buying or selling. You may want to start buying a few items just so you get the feel of how it works and also build your feedback score.

Tips for buying

• High price item: buy from someone with relatively high score and high positive feeback conversion.
• Avoid buying from someone with low score eg 2 (every hard to establish if this user is trustworthy) or someone with many negative feedbacks (slow delivery, goods not as described etc).

Tips for selling

• Include at least 1 photo if possible on your listing.
• Provide as much information as possible on the product. Eg specification, description, benefits, features. Disclose any faults and damages, scratches etc.
• Answer any questions promptly.
• Once the item is sold and paid for, ship the item asap and advise buyer eta.
• Leave your feedback (eg smooth transation, excellent ebayer, prompt payment etc)

Get started now!

Focus, achieve and succeed!

Kham Lee Tran

If you’ve considered throwing something out, consider listing it on ebay first.
You may get a plesant surprise. You just need to consider if it is worth your while doing the listing.

Ebay community (users) operates on trust when buying and selling products on ebay.

The feedback score plays a crucial role in establishing trust between users.

When you buy a product from ebay, you should leave a feedback for the seller and the seller leaves a feedback for you.

Vise versa, when you sell a product, you leave a feedback for the buyer and they leave a feedback for you.

The feedback is rated with a number (point) and a %. You get 1 point for every positive feedback. The % is the how many positive feedback compared to the total feedback.100% means all your feedbacks are positive.

Negative feedbacks can have huge impact on result. People are less likely to do business with you if you have negative feedbacks.

If you have a high feedback score with 95% or more positive feedbacks then you are considered reliable and trustworthy.

To view a video on “How eBay Works“, click here.

Focus, achieve and succeed!

Kham Lee Tran