Have you ever heard about SaleHoo? Are you considering setting up a dropshipping or wholesale model for your eCommerce business? If yes, you are on the right blog! We will reveal what is SaleHoo about!
In this review, I am going to explain what is SaleHoo, its PROS and CONS, how does it works, how to make money with it and who is behind the scene.
Finding and selling products is not an easy task especially if we are talking about dropshipping, neither making a profit. Therefore this SaleHoo review will help you to get as much information as you need to evaluate whether its worth try or no.
So, let's get started...
Product Name: SaleHoo
Founders: Simon Slade and Mark Ling
Number of supliers: 8,000+ suppliers, personally reviewed by the company
Number of products: 1.6 million+
Number of members: 130 000+
Price: $67/ yearly membership
What is SaleHoo about?
It's a New Zealand based e-commerce company and a website that specialises in global trading between wholesalers and retailers.
They became one of the first companies to offer international wholesale contacts to their retailers. This company is known to be one of the largest wholesale directories on the Internet with over 1.6 milion products.
SaleHoo is all about Wholesale and Dropshipping services.
Wholesale is when you sell goods and products directly from the suppliers or manufacturers in large quantities to be retailed by others. While drop shipping moves goods from the manufacturer directly to the customer instead of to the retailer who placed the order.
This company has great and exceptional research tool. As well supplier directory and online community for drop shippers, wholesalers, and e-commerce stores.
How does it work?
To start your dropshipping business with SaleHoo, you must be a holder of premium membership. After paying a membership fee of $67, you will get access to the platform.
So, actually, how does it works? There are a few necessary steps you need to go trhu to start building your successful business!
#1. Choose a niche.
First of all, you must choose a niche. For lots of people who are just starting a dropshipping business, this task can be very tough. And that's where SaleHoo is trying to provide a helping hand. By using their Market research Labs, you will be able to figure out what product to sell and see which products are highly profitable. This potent and helpful tool helps to get orientation in your niche.
For each niche, you will have the following evaluation.
A/ Success rate on the scale of 100. For example 85 out of 100
B/ Competition rating: low, medium,high
C/ Total listing - number of products in that niche
D/ Number of bids
While choosing a niche you want the success rate to be - high, competition - low and of course the number of products high.
As well you will be able to see:
- the average sale price,
- average buy it now cost,
- how many daily sellers are already involved
- and top sellers
This smart tool tells you even what is the best day to do your listing, what time and in which listing format.
#2. Choose the supplier.
A second step that requires a bit of research and proper consideration is choosing a supplier.
SaleHoo gives you access to the database of 8000 verified suppliers. All of these companies were carefully scanned and checked by SaleHoo team. The main reason is that the consumer will earn their trust and can guarantee their safety from SaleHoo.
Actually, this is the most significant advantage of this platform compare to others. Especially it's helpful for newbies, as the hardest part of starting a dropshipping business is finding the suppliers that are ready to drop ship for you.
You can choose a wholesale supplier thru wholesale Directory tool. It helps you to find your partner fast and easy. You can select suppliers based on the location, a number of minimum orders or if they ships their products worldwide. You can also view their minimum order values and products which makes this process faster than going through extreme searching via Google.
#3. Contact the supplier.
Contacting the supplier and completing the agreement is the last step. After completing those three steps, you can start selling products online on Amazon or eBay.
How to make money with SaleHoo?
How do we make money with the help of SaleHoo? For a complete beginner without much knowledge, it's essential to have a proper guide that will help to orient in this business model. How is it in SaleHoo?
Well, here is the answer!
Let's say you are entirely a newbie in this field and you have following doubts:
- What to sell,
- If people will be interested in buying products from you.
- How big is the competition
- Finding a good and trustfull seller that provides a good and quality product.
- Earnings - how much money you can earn from reselling the products.
SaleHoo will help you:
- Finding the best niche for you.
- Hot-selling trends and in-demand products in that specific niche.
- They are covering thousands of branded products that you'll be able to sell in the market.
- Their tools provide you with the information what is the competition rate if it's high, medium or low
- You will be provided with contacts for different dropshipping supliers locally and globally. All you have to do is set specific criteria of products or filter products according to your needs and liking, and you'll find what you need.
- A fancy tool that helps you to predict how much money you can make for each sale. And based on that you can choose which product make a good profit and which one you have to avoid.
A really good thing about their tools is that you can see how much money approximately you can earn from each product.
Make Money with SaleHoo Case Study
I've got a bit curious about margins and if you can really earn $21,63 by selling one memory foam pillow (the one on the left side above). So, I went to the eBay and typed in a search bar: "Contour Gel Pillow" to see what is the market price for this product.
As a result, I found the cheapest pillow for $20,99 and the most expensive as you can see below is $49,99. So, in fact, the price of $29,99 is an average one and highly recommended for sellers. The cheapest products usually don't guarantee the best quality at the same time not all clients will give for this pillow $49,99 if there are cheaper alternatives available.
From the information provided by SaleHoo, we can see that such a margin is possible. However, You as a seller must always double confirm it. In substance, you can also sell this pillow at the same price as your competitor for $20,99, and still, you will be able to earn $12,63.
How much does SaleHoo cost?
There are a few different prices for different services that SaleHoo offers. The first one is the price for the yearly membership and access to their platform including Directory, Labs, Training, Forum and Support.
If you are interested in building your online store, SaleHoo can help you as well. They offer website templates so that drop shippers can start an online shop using their platforms.
Also though they are not as powerful as Shopify and some people are still hesitant to use SaleHoo, it’s a good starting point for a newbies drop shippers. Nonetheless, you have to pay for their store builder.
#1. Basic Plan - $27 per month
#2. Standart Plan - $47 per month
#3. Premium plan - $97 per month
SaleHoo from inside
Once you pay your membership and you are registered you will get access to the platform.
This how the dashboard looks like...
On the top menu, you will have a Directory, Labs, Training, stores and resources.
Once you click on the directory menu, it will bring you to the search bar.
In the directory, you will have access to the database with 8000 verified suppliers. You can start choosing from many different niches and categories. Once you select a niche, you will see several companies that are ready to cooperate and the total number of products that are available in that niche.
You can contact the company trhu SaleHoo or go to their website to check if those are the product you would like to resell. Another advantage is the ability to agree on a reasonable wholesale price.
Here you can quickly discover the best products in your niche and see how is the competition and sell rate. To show you how does the LABS looks from inside, I have chosen a baby niche. As you can see it has a total of 1797 products available. For curiosity I have sorted the products by sell-rate to see what products perform the best.
In LABS, you can discover products, compare them with each other, save products ideas, save your filters and check product trends. You will have access to products from worldwide brands.
Are you still wondering what is SaleHoo about? Let's have a look at the training they are providing.
The training will include a detailed guide for:
1. How to get started. For example how to choose a business model and what are the advantages and disadvantages.
2. Business setup, Setting a business is one of the hardest parts in starting a business, so SaleHoo prepared for you ready training which covers topic like how to get a tax ID, how to register a company in USA, Canada, UK, Australia. Tax basics for eBay sellers.
3. Importing and shipping
4. What you should sell.
5. Finding a product supplier
6. Product sourcing - how to deal with suppliers and get the best price
7. Selling on eBay and Amazon
8. Starting an online store
9. Scam prevention
SaleHoo prepared for you as well an exclusive free bonus guide as a thanksgiving for your membership.
For an additional fee of $249 you can get lifelong access to "selling tactics" training. Selling tactics is the last training on their list.
Build your own independent store. If you don't want to sell on eBay and or Amazon, this can be a great idea.
Before building your online store, SaleHoo suggest you go thru the training. While eBay and Amazon have sufficient traffic comming to every day, you must know how to drive your traffic to your website.
Is SaleHoo a SCAM?
What I can clearly state after doing my research is that, SaleHoo is definitely NOT A SCAM. It's a great and LEGIT place for those who want to start a drop shipping business. And here are a few main points why it's not a scam:
#1. Any dropshipping or wholesale should be provided with a lot of suppliers. With thousands of suppliers, searching for products would be no sweat. And in SaleHoo you don't have to worry about not finding a supplier of products in your local area.
#2. This product has also a money back guarantee! You can use SaleHoo for 60 days, and if you are not satisfied with the services that they offer, then you can take your money back with no questions asked.
#3. They offers a variety of platforms that could help you enhance your online store. They have the best customer service that could attend with your problems and questions regarding SaleHoo and in improving your sales. I think this fact is quite essential for newbies or people who need a helping hand.
#4. Verified supliers. They also provide a long list of verified suppliers, so you won't have to worry about getting scammed and receiving a low-quality product.
#5. SaleHoo is known for its legitimacy. A lot of reviews claim that Salehoo is a legitimate company.
You can sell domestically or even aim for a higher goal like the international market! They can serve that to you also if your country doesn't have that many suppliers. But SaleHoo will surely try to help their customers to find a better supplier internationally to help you grow with your business.
Who are The Founders?
This company story started when Simon Slade sells on a local New Zealand online auction site; Trade me. After that, many inquiries started coming about where he found his suppliers. He caught the market for a directory of verified suppliers.
He tries his best to help entrepreneurs like him to build a good business. And of course in making a good website for an online store. Kind of store that can better serve the customers with the various platforms and designs.
Simon Slade, is a successful internet entrepreneur from Christchurch, New Zealand. He founded this company in 2005 together with Mark Ling.
According to their website, Simon Slade stated that:
"Before starting SaleHoo, I was an online seller on TradeMe, New Zealand’s local auction site."
He also added:
In his statement, you'll determine right away that the founder SaleHoo is very transparent to his consumers. The reason is that he knows how it feels to look for products and how hard it is to find a good supplier. A supplier that sell items with good quality at a low price.
It seems like he tries to put himself into our shoes. The reason is that he tries his best to help entrepreneurs like him to build a good business. And of course in making a good website for an online store. Kind of store that can better serve the customers with the various platforms and designs.
Money Back Guarantee
Salehoo provides a 60-day money back guarantee if you think that you are not satisfied with the services that they were offering.
All you have to do is send an email to firstname.lastname@example.org not more than 60 days or including the receipt number, and they will give you your money back instantly!
The PROS of SaleHoo:
The CONS of SaleHoo:
Alternative business ideas?
What are other business models great for making money online? If that's a question you are asking yourself right now, I have an answer for you.
Another lucrative business nowadays is affiliate marketing. Same as a drop shipping it's not a get-rich-quick scheme, and you have to put some effort into it. But, if you are determined to build your business and to invest your time you can achieve financial freedom. And that's the best part of affiliate marketing.
Would you like to know how to build real and strong, business in affiliate marketing?
See my #1 recommendation here!
Open your lifelong account right now, without providing even a payment card details!
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Wholesale and Drop-ship? SaleHoo is undoubtedly the answer! Overall, it is a Yay! Being an online seller and earning profits can be easy if you are in the right place.
From our research, we can state clearly that SaleHoo is an excellent start - in building your e-commerce business online. And it's not a SCAM!
It's a newbie friendly place. You don't need to have storage space.
I hope after reading our post, it's obvious what is SaleHoo about and how does it work! If you have any question, please leave them below.