Yast online update
 

In Yast Online Update, under Update Configuration: Installation Source> "User-Defined Location"; and under Location: (blank)

Now am I supposed to do something here? Is that the reason I cant get updates?

Installation Source should show you a drop-down list box. Click on the down arrow to see a list of possible locations to get updates.
If you don't get such a list for some reason, try ftp://ftp.suse.com/pub/suse.