Video & Camera Equipment

Camera Tripod Flexible

Product Sourcing – How To Avoid Making The Most Common Mistakes   by Amanda O’Brien

Doesn’t it seem like a brilliant idea – starting a home business? And it is – after all what could be easier than sourcing some products from a wholesaler, reselling them at a profit on the internet to a worldwide audience and enjoying a comfortable standard of living whilst working flexible hours from home.

Unfortunately, the truth is, that for many would be entrepreneurs, they get left at the starting blocks having failed to realise that whilst it is indeed relatively easy to set up a website these days or advertise products through popular online venues such as eBay or Amazon, the actual product sourcing part of the process is the real challenge, and without products it’s difficult to get very far.

How do you know what to sell? How do you know where to get it from and at a competitive price? How can you avoid being scammed? What about import duties and taxes if you are sourcing from abroad? These are just some of the challenges facing every newbie reseller and I think I have lost count of the number of times I have been asked: “What should I sell?” or “Can you find me a supplier for X or Y or Z?”

I can totally empathise with this though, having been in this position myself when I started my own home business and I do understand that with so many online wholesalers to choose from it’s very easy to assume that the sourcing process is an simple one – just choose some stock and sell it – fantastic if you don’t really care what you are selling and whether you actually sell anything or not, however, if you want to make a profit then your sourcing methods will require a little more time and effort and that’s the reason I have created this exclusive special report for you.

The challenges ahead

The hardest part of product sourcing where a home business is concerned occurs in specifically nailing down what your market is, who your customers are likely to be, and just what it is you are going to sell. And this is where many, many would be home businesses go wrong before they have even started. It’s a common misconception that you can order a cheap job lot of any product from a wholesaler, advertise it online whether it’s on eBay, Amazon, Craigslist, eBid or through your own website and it will sell.

If only that were true!

The reality is that if you’ve ordered a wholesale lot of a particular product without first checking that there are plenty of people out there who want to buy it, how will you know if it’s going to sell or not? Well you won’t is the short answer.

First you must decide what to sell and this will obviously require some research to ensure that you choose not only the right niche but also the right product for that niche. Don’t forget that even if a particular niche is hot right now, there will be some products within that niche that are hotter than others so you need to weed out those products from within the hot niche – that’s the sure-fire way to make excellent profits.

So in deciding what to sell, you need to find the market first, the product second. That should be your mantra when sourcing products from now on – market first, product second. You must find what’s known as a ‘hungry crowd’. This is a group of people, constantly increasing in size, that really, really want the product that you have available and by purchasing it will benefit in some way. Preferably, your product is a solution to whatever problem they have so when you find your hungry crowd, this will guarantee that your business is a success because you want people exactly like your hungry crowd as your buyers. You want them to be clamoring for your products and buying them repeatedly. What you really want is a product that you can source and sell over and over again so that you do not constantly have to re-source and replace products that no longer apply to a hungry crowd.

How to find a ‘hungry crowd’

Well, you can’t stumble around waiting for a hot niche or hot product to present itself to you. This won’t happen. First you must make a definite decision regarding the niche. This could be something that you know a little about such as a hobby or interest that you enjoy, or you could browse the magazines at your local newsagent to pick up some ideas. You must choose an overall niche before you find your hungry crowd because otherwise you have absolutely no direction and things will become complicated.

So, lets use the example here of the ‘Photography’ niche. It’s not something that is of huge interest to me personally in this case, but there are loads of magazines out there for photography enthusiasts such as ‘Amateur Photographer’, ‘Photography Monthly’ and ‘What Digital Camera’ to name just a few and so I know that it’s a popular hobby and so will make a good example. The photography niche covers a wide spectrum from cameras, lenses and accessories such as tripods, cleaners, flash systems etc to courses on how to become a better photographer and so you need to discover exactly what all those photography enthusiasts are looking for right now, if they have any camera or photography problems they want solved or if they have a real need for anything, and if so, what it is. This is where you start to find your ‘hungry crowd’.

Where do you look? Well, you will most likely be selling your products online and so, unsurprisingly, the internet is the first place you should look to conduct your research.

Search online

Remember to avoid using really general terms when you are sourcing products online. If you Google for example ‘wholesale camera’ then you are likely to end up with results running into the millions which I’m sure you don’t want to trawl through. On the other hand, if you add the search term ‘distributor’ or ‘trade’ and use the actual product name of the camera then you will get more focused results. So, just by refining your search, your chances improve immediately of finding what you are looking for. You can often discover manufacturers through stock photos posted online too – use Google images to find these. Although Google is a fantastic research tool, there are many more ways of sourcing products so you need to try and resist the temptation to spend hours looking for “secret” deals and sources that you will probably never find and use other methods too.

Subscribe to trade magazines

There are hundreds of trade magazines around and those related to your niche will be full of advertisements from suppliers, distributors and manufacturers. Before the age of the internet, this is how business was done – all offline – and it worked then and it still works now. Try The Trader magazine as a good starting point which is available in most newsagents or if you don’t want to buy a hard copy you can view their online magazine at http://www.thetrader.co.uk

Go to Trade Fairs

Visiting trade fairs takes a little bit more effort than surfing from the comfort of your own home; however it’s often worth it because there is so much scope for networking and sourcing. You can physically talk to suppliers and establish a rapport which ultimately will make it much easier for you to negotiate some great prices later on. Trade fairs take place all over the country and internationally throughout the year so there is bound to be one near you. You can check out where all the trade fairs are happening throughout the year by visiting http://www.exhibitions.co.uk

Use Business directories

The Yellow Pages is your friend. But sadly a friend that is often overlooked. We are so used to looking everything up online that we don’t think of going back to the good old fashioned directories but believe it or not, not all wholesalers or manufacturers have an online presence. They do of course have a telephone, so you can simply call them and ask for a brochure instead. Easy and local. If you haven’t got a copy of the Yellow Pages don’t worry, just go to http://www.yell.com which is the online version!

Check the product packaging

Here’s another great method but again one that is so often overlooked. If there is a specific product you want to get your hands on and you don’t know who makes it then simply buy one yourself! Most, if not all goods will include the manufacturers name or at least some reference to the manufacturer on the packaging and if you’re lucky then the distributors name might be on there too. So, once you know who makes the product you just….

About the Author

Amanda O’Brien is a successful eBay Powerseller and author of two eBay home study courses – ‘The #2,500 Per Week eBay Powersellers Secrets’ and ‘The Ultimate eBay Success System’. Want to learn more about starting an eBay business or simply want to improve your eBay sales? Claim your free eBay Selling Secrets Report at Powerseller Pod.
SilverCrest Camera Tripod (flexible) – review

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Vidpro GP20 Gripster Flexible Camera Tripod for SLRs and camcorders $29.9 When your digitalcamera camera needs support for unique photo shoots an ordinary tripod might not be able to tackle the job. That s when the Gripstser comes in handy. The Gripster s flexible jointed design is the lightest and most versatile innovation in camera tripods today. The Gripster truly makes taking digital photos more fun than ever. All you need to do is use the universal 1/420 screw to attach your camera to the standard tripod mount then wrap the three flexible segmented legs securely to a nearby tree branch fence park bench or anything else that s convenient. Featuring over two dozen flexible leg joints that bend and rotate the Gripster will firmly secure your compact digital camera to virtually any surface anywhere and everywhere. The Gripster is the ideal camera accessory for photographers on the go. Throw it in your pocket or backpack and you ll be ready for your next adventure While the Gripster serves all the functions of a traditional camera tripod steadying your camera under lowlight conditions taking timed group shots etc. The possibilities are endless

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Dynex Flexible Tripod $19.99 This flexible tripod features bendable legs that can be formed around objects and uneven surfaces for a stable environment to take photos and videos.

Table Top Tripod with Flexible Legs $14.95 Pocket Tripod with Flexible Legs. Works with most point and shoot digital cameras.

Polaroid 12 Tripod – Blue $17.99 Stabilize your camera with this 12″ Polaroid PLTRIGMBL tripod that features flexible, grip-foam-coated legs that can be shaped around objects and uneven surfaces for a stable shooting platform.

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Targus TgGt6010 Grypton Tripod Small $27.29 BENDABLE LEG JOINTS LETS USER MOLD THE TRIPOD TO FIT NEEDS. QUICK RELEASE MOUNTING PLATE FITS SECURELY ON THE TRIPOD CAMERA. LIGHTWEIGHT FLEXIBLE. SMALLUPC : 844702008588Shipping Dimensions : 10.82in X 1.77in X 4.72inEstimated Shipping Weight : 0.5445

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Warrens World TR10 Tr10 Pocket Tripod $19.58 No camera bag (and maybe no shirt pocket) should be without this little guy. Three stiff but flexible legs will hold any compact/zoom camera out there and give you a versatile table (or rock) top camera holder. No more having to ask a local to take your picture when you re traveling. Fits all 35mm Cameras with tripod socket Flexible and Sturdy Ultra Compact Pocket Clip for Easy Portability 4.5 Tall Under 2 oz. in weight

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