Here is a step-by-step guide on how to find products on Alibaba to sell on Amazon.
1) Open up Miscrosoft Excel or some other program where you can create a table or spreadsheet.
2) Include the following categories in the spreadsheet header:
Product/Buy Price (High End)/Sell Price (Low End)/Volume/Buy URL/Sell URL/Comments
I have attached a template for the spreadsheet HERE
3) Search for the product on Amazon.
4) Search for the product on Alibaba, you can use either keywords or the product number from Amazon.
5) Find several suppliers, at least 4-5 and send them an email introducing yourself and tell them you are interested in learning more about their company and about their production capabilities. Ask for some samples of their product, do not buy in bulk immediately!
6) Once you have received samples of products you can check the quality and decide which supplier you will want to go with based on item quality and the professionalism of the manufacturers.
I will try to make a more in-depth guide later on that will include more tips and tricks as well as resources to review products.
Becoming a ticket broker is a very lucrative business for many people. Being a ticket broker requires some knowledge of pop culture and the ability to identify sales trends within the industry. Typically, ticket brokers purchase their tickets on Ticketmaster.com and resell them on the secondary market on sites such as StubHub, eBay and Craigslist. As easy as it sounds, it is more complicated than simply logging into Ticketmaster on the day of a sale, purchasing tickets and posting them to StubHub. Becoming a successful ticket broker requires a credit card with a high spending limit, and if you really want to be successful, it will most likely require the use of software that will automate the process of adding tickets to your shopping cart and checking out.
If you browse the Ticketmaster website and look up upcoming sales, you will notice that for some events there are “pre-sales” before the actual general public sale. There are different kinds of pre-sales and many of these sales are only available to people who own certain credit cards. One of the most useful credit cards you can acquire to access pre-sales is the Citi card from CitiBank. CitiBank has a partnership with concert venue promotion company Live Nation, and acquiring this card will put you at a huge advantage when it comes to buying tickets early. In order to apply for this card you must have an excellent credit score. If you have any negative items on your credit report you must address these issues before applying for the card. Any debts should be paid in full, because negotiating a debt for less than what you owe is reported on your score and will negatively affect your score. When applying for a card remember to ask for the highest credit limit possible and make sure you tell the credit card company that you are employed and can pay back any balance that you spend.
While you are applying for your card, you might as well start reading about the industry and start getting used to using some useful websites. Ticketnews.com is a vital resource and has up-to-date information about the industry and about upcoming sales and events.
SeatGeek.com is a site that bills itself as the largest ticket search engine in the world and includes a comparison of prices from various ticket websites. It also includes pictures of the seating layout of each venue. SeatGeek is a great site to compare prices and see how much tickets are going for.
Once you have received your credit card and have become somewhat accustomed to the two websites mentioned above, you will be ready to experiment and buy some tickets. As for the software, that is something to consider once you are slightly more experienced. For now, put aside $100-$300 to purchase a couple of tickets for a venue that you think will resell and try posting them on the secondary market.
The idea that you can make money selling products on Amazon is exciting, but you may be wondering how to start selling and where you should begin. A good first step, if you have not already done so, is to create an Amazon.com account. Membership is free, you can sell up to 40 items per month for the price of $0.99 per sale plus other selling fees. At some point you will want to consider signing up for “Professional” sellers account, which allows for unlimited sales for the price of $39.99 and other selling fees. But before you pay for an account, you need to find some products to sell and you need some positive ratings for your account so customers can feel they can trust you.
Getting positive feedback is simple if your products are as advertised and shipping is on-time. You can even buy a positive rating for $5 from Fiverr.com. But let’s not worry about that now. If you don’t already have an idea about what you want to sell, finding a product to sell on Amazon is hard because many product categories are heavily saturated with sellers competing for sales and you may not know how to find out if products will sell or not. You can get an idea of what kinds of things are currently selling by searching for “Best Sellers” and looking at what products come up. Once you have an idea of something you might be interested in selling, head over to wholesale websites such as:
Find out what prices suppliers are selling for and what quantity you are required to buy. A great step-by-step guide to getting started selling with some hints and tips is at StartupBros.com, a great resource. Exploring the wholesale supplier websites above is just the beginning and now you are ready to begin comparing wholesale prices with selling prices on Amazon and eBay.
There are a lot of ways to make money online:
- Amazon – Free to start selling, only takes a small commission, costs $40/month for an official sellers account.
- eBay – Also free to start selling and takes a small commission.
- Shopify – Related to Amazon, serves as an easy-to-use template to create your own online shop.
- Craigslist – Completely free to use and no commission, can post and sell basically anything.
- Affiliate Marketing – This involves posting and promoting advertisements to web pages and in my experience is slightly more complicated than the above methods.
- Dropshipping – This is like the next step-up after selling products on Amazon. Dropshipping involves selling products to customers and handling only the customer service side of things while letting the manufacturer handle the shipping and everything related to handling the physical product.
- Ticket Brokering – This involves buying tickets at presales and selling them on the market on sites like StubHub and Vivid Seats. You need certain credit cards for this to be eligible for the presales. I will talk more about this in the upcoming weeks.
Hello, my name is JP, and this blog will document my attempt at creating an income stream from online sources. I plan to use Amazon, eBay, Shopify and other websites and I will update the site several times a week to show what I have done step by step. I created this blog not only for others to see but also as motivation for myself to keep going.
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