Although the investment in opening an online store is very small, for entrepreneurs, "how to reduce costs and obtain greater profit margins" is the most critical. If the goods are transferred several times, all the money will be made by the middlemen. Therefore, in order to obtain larger profits, it is obvious that costs must be controlled from the purchase price.
According to the experience taught by senior online sellers, if entrepreneurs want to find suitable sources of goods, they must first pay close attention to market changes and make full use of product discounts to find low-priced sources of goods. Take the famous brand clothes that are very popular when selling online. Sellers often find high-quality brand clothes during the season change or in special sales, and then resell them online, taking advantage of the geographical location. Or get enough profit from the time and space difference.
Foreign trade products are also targets that owners should pay attention to. If you have a familiar foreign trade manufacturer, you can get the goods directly from the factory. There are many good things among the remaining products of foreign trade orders. Most of these products only have 1-3 pieces. The styles are often the most popular next year or now, and the prices are only 40-30% off those in shopping malls. They are very marketable.
The world's first-tier foreign brands are very cheap on the eve of seasons or holidays. If the seller has relatives or friends abroad, you can ask them for help and get attractive discounts to sell online. Even if the selling price is 40 to 30% off that of traditional shopping malls, there is still a profit margin of 10% to 40%. Some brands have a lot of inventory backlog, and some merchants simply sell all their inventory to full-time online sellers. If you have enough bargaining skills and can buy their inventory at a low price, you will definitely get huge profits. Finally, there is the simplest and most convenient way - wholesale food. Be sure to visit regional wholesale markets more often, not only to familiarize yourself with the market, but also to get very cheap wholesale prices. However, owners need to distinguish between three different markets: retail-wholesale, wholesale-retail and direct sales.
It is easy to distinguish between retail and wholesale and wholesale and retail. Take clothing as an example: trying on clothes is allowed in retail and wholesale markets, but trying on clothes is not allowed in wholesale and retail markets. Of course the price is cheaper at wholesale and retail locations. If everything is sold in packages and no retail is accepted, then it is mostly direct sales and will not be retailed no matter what price you give. The emphasis here is on quantity and the lowest price. After finding the source of goods, you can first sell a small amount of goods for trial sale. If the sales are good, you can consider increasing the purchase quantity. For those who open online stores, some sellers have a good relationship with their suppliers and often purchase goods only after the goods are sold. This will neither occupy funds nor cause a backlog of goods.
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