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While you're here...

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Taking you along with me while I explore the world of e-commerce.

Friday, February 26, 2010

Trading

> Trading
>> Prducts
>> Currency
> Affiliate marketing / Running a content-based website
> Selling and reselling information products
> Blogging
> Provide services

Hnestly, I'd like to go in the selling and reselling for information products but I won't just limit myself to one path. Many would agree that it'd be a lot more effective for one to focus he/her energy on doing a single thing well. While I agree to that, I believe it depends on an individual's situation as well.

Yes, I'd like to pour my energy into one aspet, however, I need the resources (money) to make progress in that area. With that said, I'm trying to incorporate other possibilities of revenue streams to finance my main goal. On top of that, being unemployed, I'm free to do all this, so yeah...hahahaha

Okay, trading...

This was the first things I was looking into at the beginning of this mess. I wanted to sell things on eBay, seeing as how easily, or so it seems, that people are able to make money from selling on eBay. And so research I did, started off with free information, before deciding to spend a little on e-books that looked like they could help. Well, they undeniably did help me gain a basic understanding of how eBay worked and how to use it, but the more I fell into holes, in my hypothetical path.

These problems never crossed my mind before, until I began studying more on it.
- Where do I get products to sell?
- How much do I sell them for?
- Would people still buy my products if its price were a little higher than the rest?
- Where do I start the bidding?
- What is the ratio of luck to good advertising that would make up my earnings

And perhaps most importantly, where the hell am I supposed to get new products at a price lower than what was being offered on eBay? Their prices are ridiculously low. Of course, I'd probably have more questions and found more holes, if I had continued in that direction.

Well, I'll try to answer some of those questions with what I've learnt...

Trading - buying low, selling high. When "high" is that low on eBay, you gotta be wondering how they'd make any profit from that. Here's your answer;

China

Yep, chances are, they managed to forge connections with Chinese manufacturers that would normally be eager to get rid of their stock at an extremely low price, especially if you're gonna buy in bulk. When I say "manufacturers though, I do mean the original suppliers of that product. No middle-man (or woman) involved.

I can help you with that, but chances are, you are having concerns about the risk involved in purchasing from Chinese suppliers., which is understandable, due to their reputation. However, as I'd say with many other things< don't generalize. If you want a fair judgement, and if you want to the the true potential of a business transaction with them, do it. If you don't want to trust them, or would like to warn others about them, then trust, and be cheated by EVERY one of the individuals or organizations first. It's more fair to the honest ones out there.

Okay, back to topic. You could either personally make calls and ask around for possible connections, or you could search the Internet. Yes, using the Internet for that just makes it all that more risky, but thereare measures you could put in place. Before that though, let me name these two sites first.

*these are links so click on them to be taken to the sites

Global Wholesale
DHGate

Sorry but this post is getting too long. I'll continue on the next post. Sorry about this.

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