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Small Ebay type startup. ....

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  • 28-01-2014 5:05pm
    #1
    phishcakes
    Registered Users Posts: 326 ✭✭


    Been looking at the possibility of a small ebay type startup and Ive done a lot of research on it. However one thing that Ive really noticed is the margins on the products I intend to sell, a lot of places online are selling for maybe a couple of cents more or even cheaper than the wholesale prices ive gotten.

    Are they really that tight at the moment?

    By the way I was looking at computer accessories ie usb sticks, sd cards etc

    Cheers!


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    #2
    Peterdalkey
    Closed Accounts Posts: 2,091 ✭✭✭Peterdalkey


    To be honest it sounds like you are trying to compete with competitors who are buying at your wholsaler's cost pricing direct from manufacturers!


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    #3
    relaxed
    Closed Accounts Posts: 572 ✭✭✭relaxed


    phishcakes wrote: »
    Been looking at the possibility of a small ebay type startup and Ive done a lot of research on it. However one thing that Ive really noticed is the margins on the products I intend to sell, a lot of places online are selling for maybe a couple of cents more or even cheaper than the wholesale prices ive gotten.

    Are they really that tight at the moment?

    By the way I was looking at computer accessories ie usb sticks, sd cards etc

    Cheers!

    The days of buying off a wholesaler and selling on Ebay are probably gone. You can be sure most of the people on Ebay are buying direct off factories in China and buying in large volumes, paying in advance so no credit etc.


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    #4
    the_syco
    Registered Users Posts: 37,301 ✭✭✭✭the_syco


    phishcakes wrote: »
    By the way I was looking at computer accessories ie usb sticks, sd cards etc
    Are you comparing like for like? Brand names, read & write speeds, and the class of said devices ensure prices differ hugely.


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    #5
    longhalloween
    Closed Accounts Posts: 2,207 ✭✭✭longhalloween


    phishcakes wrote: »

    By the way I was looking at computer accessories ie usb sticks, sd cards etc

    Cheers!

    In this area you'll be competing against Chinese sellers buying directly from manufacturers and shipping for free. There'll be little incentive for your customers to buy from you when then can get much cheaper.

    Most people (myself included) don't mind the few weeks wait if it means I'll save a few quid.

    You'll also have stiff competition from other online shops, like Play.com and Mymemory.

    It's a saturated market, even Tesco are selling those products


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    #6
    sw33t_r3v3ng3
    Registered Users Posts: 537 ✭✭✭sw33t_r3v3ng3


    you've got to make your site unique. Maybe come up with some idea that is different to the sites that already exist. One way might be to set up a subscription of some sort. Charging maybe €2 for 3 months or something and letting the people who pay the subscription get cheaper products. This would also keep people coming back because they paid for it.


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    #7
    phishcakes
    Registered Users Posts: 326 ✭✭phishcakes


    the_syco wrote: »
    Are you comparing like for like? Brand names, read & write speeds, and the class of said devices ensure prices differ hugely.

    Yes ive been very careful


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    #8
    phishcakes
    Registered Users Posts: 326 ✭✭phishcakes


    longhalloween wrote: »
    It's a saturated market, even Tesco are selling those products

    Tesco are a rip though


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    #9
    phishcakes
    Registered Users Posts: 326 ✭✭phishcakes


    Thanks for the replies folks.

    Another area ive been looking at closely is cosmetics. As we all know make up is like drugs to a lot of girls, my partner and her sisters, friends etc consistently spend a fortune on make up especially MAC. But again I think it looks quite tight.

    Cheers again for the replies


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    #10
    the_syco
    Registered Users Posts: 37,301 ✭✭✭✭the_syco


    phishcakes wrote: »
    Another area ive been looking at closely is cosmetics. As we all know make up is like drugs to a lot of girls, my partner and her sisters, friends etc consistently spend a fortune on make up especially MAC. But again I think it looks quite tight.
    Like electronics, you won't know if you're paying for shyte until you receive it. I say this, as it's your company that gets hurt if you end up selling cheap knock-offs (esp if you bought them for the full price).


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