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5 Things NOT to Sell Online

Guest post by: Lisa Suttora

Article Overview: This knowledge can save you many hours of frustration and potentially thousands of dollars.

5 Things NOT to Sell Online

Knowing what NOT to sell online is as important as knowing WHAT to sell online.

Every week I get emails from people asking me whether or not they should sell a specific product.

99% of those emails ask about the same products:

1. Name brand electronics

2. Designer handbags

3. Designer shoes

4. Designer clothes

5. iPods, iPhones, iPads

• Some people have been beating their heads against the wall for months trying to find a source for these products.

• Others have lost thousands of dollars, unknowingly buying FAKE "name brand" products.

• And at the same time putting themselves in potential hot water with the law.

• Still others have paid hundreds for "secret lists" of sources that turned out to be scams.

Here's the bottom line:

• The profit margin for name brand electronics is 3-8% IF you're a big company like Best Buy and can place $100K orders at a time.

• Name brand companies (electronics, designer brands or otherwise) will NOT sell directly to you because you don't have a physical store and $100K for a minimum order.

• YOU can't tell it's not a fake, even if you think you can. Tags, labels etc. mean nothing. U.S. Customs has highly trained and sophisticated monitoring techniques and many times they can't tell if the merchandise is fake.

These are the rules of the game with the big name brand companies and product sourcing.

This knowledge can save you many hours of frustration and potentially thousands of dollars.

But for some of you, it's also dashed your dreams of selling these kinds of products.

• The good news is that there are millions of other products to sell and profitable niches to sell in.

If you're ready to start doing some REAL product sourcing - selecting products to sell that people want to buy AND that you can actually source...

P.S. Inventory doesn't have to be "sexy" to be profitable and in-demand.

• Each year 10 million people replace their old toilets with the new high-efficiency water-flow toilets. It's a hot product.

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Article Tags: ebay, Ecommerce, ecommerce strategy, internet marketing, online business, what to sell online
Referred by: http://www.themarketingmindset.com



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Internet Users Hbk http://www.internetscamsanonymous.com - Current site for sale of our handbook as a Clickbank product Welcome any and all feedback: Sale page Content Handbook Content Pricing Too Big Considering braking it to 2 volumes: Avoiding Scams Online and Doing Business Online and maybe ad 3rd volume related internet technology Kind of like selling preventive medicine!! Thank you in advance for your interest and comments
Re: What is your Business? - We are running a Online Marketing Firm and we have some good clients to which we are offering a complete Digital Marketing strategy like Search, Mobile Marketing, Branding and Design. I think in Online Marketing company online presence can be a wining factor for the success of the company.
Your advantage over others - Sell using your USP - unique selling proposition. Why should people buy from you, instead of your competitors? Think about it, why are you so great? It may be a hard question, but finding the answer can multiply the effectiveness of any advertising or marketing activities you undertake.
Re: Kevin's Case Study #11 - A New Forum Category? - [quote:31qpen1j]This is just my opinion, but I consider the prospective categories, Online Marketing, Internet Marketing and Online Promotion, as being pretty much one and the same - just different words that different people use.[/quote:31qpen1j] I completely agree! Those are all just "internet marketing" as far as I am concerned. And I normally would have voted for internet marketing, however I chose social media marketing simply because there are more than enough IM forums out there already.
Re: Seth Godin: Star Fish v Long Tail - Thanks for sharing, David. I always enjoy the interest it brings me when I read these types of things. Things that make you think to consider other possibilities, no matter how obvious they may seem. Cheers, Emma


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