Fri 18 Apr 2008
How to Find Fast-Selling Items for Your Online Business
Once you start your online business, then you will need to find fast selling items, so that you get maximum cash flow and don't end up with dead inventory in your hands.
Here are some ways that you can zero in on fast-moving items - and make money selling them online.
Visit Seller Sites Like eBay: You can visit sites such as eBay and check out items that are searched for the most.
You can do this by going to eBay Pulse, which will show you the 10 top searches for all the different categories on eBay. A higher-numbered search indicates a higher demand for that item.
- Find The Source For Those Items: Once you get a list of items in hot demand, then you need to find out the cheapest wholesalers or drop shippers for those items.
Try to get a good deal by purchasing those items directly. Then, depending on your online experience, you can buy those items and sell them yourself. If you don't want to bother with shipping and fulfillment, you can just pass on your orders to a reputable drop shipper.
- Ask Your Drop Shipper or Wholesaler: If you have had a good experience with a certain drop shipper or wholesaler, then you can also ask for their guidance.
If you do a lot of business with them, they will probably be happy to give you a list of their fastest-selling items. Use their experience to your advantage.
- Do Not Hold On To Dead Inventory: If you are not able to sell some of the items in your inventory, then mark down the prices of those items and sell them immediately - even if you have to make a loss.