Buyer Beware: Don’t Buy Wholesale Lists on eBay

If you have been searching eBay lately you will probably have seen an array of wholesale suppliers lists being offered for sale from different sources. The prices for these lists will be as miniscule as ninety-nine cents and you will see them listing brand names and merchandise such as computer game consoles and designer clothing.

If you are relatively new to the business of wholesale sourcing, this might seem like a great idea, but before you go wasting even this small amount of money, it’s a smart idea that you should know that these types of wholesale suppliers lists aren’t even worth the paper they are written on.

When you acquire one of these lists, what you will end up with is simply a list of wholesale suppliers, some of which will carry the product that is in the listing of the auction. Of course, this really is a catch-all list that is sent out for every eBay auction, and so you would have to use the time to go through and single out which supplier you really need to contact. In addition, the information provided is usually quite basic, with some lists containing just a website or telephone number and no real detail.

Another common feature with this kind of wholesale suppliers lists is that they don’t actually have the contact information of true wholesale suppliers, but rather have the details of middlemen or discount retailers that are claiming to be wholesale sources. Most products really only have one true wholesale source, and so much of the information in these wholesale suppliers lists is falsified.

Here are some of the other scams you will encounter when you buy wholesale suppliers lists.

Firstly, most of the contact information will be out of date. You will be lucky if 5-10 percent of it is accurate and that you are able to successfully be connecte to d a business through their telephone number or their website.

Next, you will be met with the ‘pay more for information’ scam, where some of the contacts will tell you that you need to give them a wholesale source fee before you are able to acquire the products at wholesale prices.

Another point that we have touched on is that many of these wholesale suppliers will be middlemen, or resellers, which means that they have bought the products at wholesale price and will add a profit margin before on selling to you. In this case, it would probably be wiser acquiring the product from a retail store.

Additionally, you should be careful to check shipping prices, as some middlemen will charge highly inflated shipping costs to make their profit. Even if you do find a website that seems reputable, you need to contact the telephone number to check all details – as sometimes ordering online can be a risky thing to do.

These are the main reasons not to buy wholesale suppliers lists on eBay, and in fact there are far better solutions now available through wholesale networks and centralized wholesale sources. Investigate using one of these if you are serious about becoming an online retailer.