Why do you all want electrical items?

adam2007 · 21-02-2007, 05:36 PM

My first impressions of these forums is that everyone seems to be looking for suppliers of brand electrical goods i.e., mobile phones, game consoles, lcd tv’s, ipods etc.. The wanted forum seems to be full!!

I believe these products are what people first look for when they want to buy wholesale and sell, Personally I could think of a quite a few reasons why I stay away from electrical goods.

-Faulty products / returns - Could you afford to take a £1000 loss on a LCD TV?

-Competition – There is such a price war with electrical goods, there hardly seems to be much profit in my view, at least big company’s like Pc World, Dixons can provide a customer service.

-Discontinued items – About three months ago I brought a camcorder for £300 it is now worth no more than £100 because it has became discontinued.

-Profit margins – Is there much profit to be even made??

My advice would be to look at unbranded high value goods, I know of quite a few people who import items from china such as quad bikes, kitchen and bathroom fittings, clothing, garden furniture etc…

All these items have a lot less competition and much higher profit margins and don’t become discontinued within a few weeks.

There is money in electrical goods…. But there are easier / less competitive markets.

andrewm2503 · 21-02-2007, 06:17 PM

Give me some tips then cos i'm just starting out and thought that this was where the money is.
cheers
Andy

iBuy · 21-02-2007, 06:31 PM

hmm..

Most young people who are starting out have a good knowledge in that area so i suppose that is one reason.

Like i could build pc's from the age of about 12 so i bought a load of graphics cards and processors a while back bacause its what i had good understanding of. Sold them locally and made a fair bit.

Its what people have an interest in.

**double_d77** · 21-02-2007, 07:14 PM

my tip adam2007 is to stay away from FAKES as seeing some of your other posts this isn't a problem for you to deal in!

You will find, if you last on this forum, that we don't want people who deal/sell fakes!!

Dave

adam2007 · 21-02-2007, 07:20 PM

Quote:

Originally Posted by double_d77

my tip adam2007 is to stay away from FAKES as seeing some of your other posts this isn't a problem for you to deal in!

You will find, if you last on this forum, that we don't want people who deal/sell fakes!!

Dave

Pardon... where did i say i deal in FAKES ?, I only gave my opionion that 99% of the chav population wears fake nike trainers and i really could not see it being profitable trying to sell originals, i did not mean u should sell fakes, i would just stay away from nike trainers all together... also your website config file looks like its in trouble.

**double_d77** · 21-02-2007, 07:45 PM

apologies, mis-read one of your posts!

Dave

Overclocka · 06-03-2007, 09:29 PM

I agree with you, from what I've seen of the forum so far (don't come here too often though so I might be wrong!) everyone is after iPods, mobile phones etc.

I find that on such items, the profit margins are very tight, and you can rarely make a good profit as it is easy to get a guide market price which every buyer will know.

As said above , it is much better to import items which don't have a set market price which everyone is aware of - bikes and kitchen fittings being a good example and other items such as MP4 players - although widely sold - changing the usually cheap packaging and design and making your own changes to it so you have more room for profit.

PT · 06-03-2007, 10:00 PM

Selling electrical goods may have tight margins but if you have a good source and able to match or beat other sellers prices then it can be worth while. It seems that the key to selling online is being able to sell in quantity as fast as possible not making a killing off a few units. Electrical goods appeal to most people because they sell fast and I think people like the idea of selling iPods (all the most wanted items). If anyone can stick at it good on them!

eBay seems to be the most popular market place for most people starting out and despite the high listing fees it does have great benefits. It would be hard to sell 50 iPods on your own website in two weeks, but pretty sure it could be done on eBay.

Having dealt with a few suppliers in mainland China we were surprised at how low there pricing was compared to the prices we had been paying before. Not one supplier we can across sold any branded products. Car Audio has always appealed to me and we found a whole range of manufacturers where in a lot of cases you could be making £50/unit and that was on eBay after VAT etc. Its confusing why people don't take these routes and not just sell the typical product, where you must compete with all the HK sellers.

In theory I can't talk I sell games and will supply iPods, PS3's etc. on request. If your wondering why this is because there is a wholesale market for it, we have a variety of legitimate suppliers with good prices giving us the opportunity to sell at wholesale. We do sell on eBay (this is usually handled by my partner) where we do sell games but have experimented with different niche products. If I tried to sell 50 solar powered garden lights on here, what do you think the response would be? behind the forums there are many 'BIG' sellers that don't sell on this forum for either two reasons they keep there products to themselves for it to remain niche or they don't think there would be a market for it. This is just my opinion not sure what your feelings are about this. I have seen examples of this on the forum a niche item was available to me at around 3/4 of the average eBay price, after a few weeks for-sale on the forums the market was over-crowded and there had been a dramatic decrease in pricing.

If you have the idea then go for it. www.made-in-china.com (this website is great for new suppliers of such products) When we have the £10K together we are getting a production run of in car DVD players we can even have our own logo on the unit itself and on the packaging, free of charge.

**Anthony** · 06-03-2007, 11:41 PM

Quote:

Originally Posted by Overclocka

I agree with you, from what I've seen of the forum so far (don't come here too often though so I might be wrong!) everyone is after iPods, mobile phones etc.

I find that on such items, the profit margins are very tight, and you can rarely make a good profit as it is easy to get a guide market price which every buyer will know.

As said above , it is much better to import items which don't have a set market price which everyone is aware of - bikes and kitchen fittings being a good example and other items such as MP4 players - although widely sold - changing the usually cheap packaging and design and making your own changes to it so you have more room for profit.

Electrical items are indeed high in demand but I would love to see you posting sale leads a little more often, you said yourself you don't visit much

With the new forum category changes you may be pleasantly surprised. Give it a go..

**MustHaveMobiles** · 06-03-2007, 11:52 PM

Electrical is seen as a quick profit maker, people still think they can get a PS3 wholesale for £100 if they buy 10 units (hence why the scammers are still in business)

People want the short route to money, which is no bad thing but they have to understand that there is a need to research thoroughly and not simply rely on the Internet. So many people miss opportunities by limiting themselves to Internet wholesalers only.