Regular readers will know that one of my main clients nowadays is the More Money Review website and newsletter.
Among other things, I review home moneymaking opportunities for them. Quite a few of the products I see are mediocre at best, but occasionally I come across a really good one. And I like to share this information with my own readers when the opportunity arises.
Today I’d like to draw your attention to a product I reviewed recently for MMR which is aimed at online auction traders and Amazon sellers. I appreciate that this isn’t something that will interest all my readers, but if you are looking for a moneymaking sideline (and all entrepreneurial writers need a few strings to their bow) it is definitely worth considering.
The product I am talking about is called Salehoo. It is a subscription-based membership site for online traders. Its main feature is a directory of wholesale suppliers of products that can be sold via eBay, Amazon and Etsy, or in your own online store. Members also get access to a range of other features, including market research data and a community forum. There is also advice and information for new traders on how to get started and build their businesses.
I was very impressed with Salehoo, which appears to be a highly professional operation. I particularly like the way you can search their comprehensive directory of suppliers by various criteria.
Salehoo also has a “Market Research Lab”. Here they analyze products selling well online across a range of categories. For each product they show potential suppliers, and links to current listings on eBay and other trading websites. The information given includes the average price at which the product is currently selling online and the amount of competition from other traders. This information would be valuable for any trader looking for potentially profitable items to sell.
Members also get access to a forum and a blog. The forum is quite active, and is typically used by members to ask questions about aspects of their trading. Salehoo staff regularly reply to queries posted here. The blog has some interesting and informative articles as well. A couple of recent ones were “How to Make Sure That Your Dropshipping Business Makes Big Money” and “Online Shopping for Men: 10 Items They Can’t Resist!”.
You can read my full review of Salehoo on this page of the More Money Review website. Note that you will need to register for an account to read the whole thing, but this is free and only takes a moment. You can also go directly to the Salehoo website by clicking on any of the links in this post.
Signing up to Salehoo only costs $67 (about £44 in UK money) a year, billed annually, which strikes me as very reasonable for what you get. If online trading is something that interests you it is definitely worth considering, especially as there is a 60-day money-back guarantee if you find it’s not for you.
If you have any comments or questions about Salehoo, as ever, please feel free to post them below and I will do my best to answer them.