Posts Tagged ‘wholesaling’

Is Wholesale Sourcing A Scam?

Thursday, November 19th, 2009

 

A lot of people who are researching the lot of wholesale suppliers will stumble upon a wholesaling and drop ship service which offers its customers the opportunity to buy merchandise below retail price and then sell them on for a profit.

There are a lot of different people who take advantage of these services but it is important that you know what you are getting into when you sign up for an account. While there are a lot of drop shipping wholesalers out there in the world, not all of them have the greatest intentions, so do the basic research.

Once you have set yourself up for a free trial, you will often be contacted by a sales representative who will persuade you to pay for a full year’s subscription to the service which will, in the long term, save you a lot of money.  Often the savings will come from the volume of sales you will make, so you should be prepared to invest some time in the growth of your business.  It’s crucial to note however, that if you decide to cease trading or if you decide this sort of business is not for you, you will not get a refund of this amount.

One of the other problems with this service is that because it is a cumulative marketplace, all the merchandise on offer are marked up between 10-15% on the price that you would get if you went directly to thewholesaler source or the drop ship supplier. Many customers will will be let down and leave the service as they find they are not able to make the amount of profit that they had initially hoped was possible.

If you plan to use a service such as this, it is highly recommended that if you exercise some amount of caution and utilize your best judgment.

 

 

How To Hit The Wholesale Business With The Ground Running

Monday, November 16th, 2009

Wholesale is a worthwhile business to be involved in, however like every other business venture that you may go on, it’s important that you conduct research and invest some time planning before you jump into your business enterprise.

The first and foremost question that you should ask yourself is why do you want to get started in the wholesaling business? Wholesaling is quite different from retailing, and if you enjoy having a close relationship with your customers, you may be surprised how different it can be dealing with other business. On the other hand, if you enjoy being a point of contact between manufacturers and retailers, and knowing that you are giving people a great deal, then wholesaling could be the right business for you.

Understanding your market is another crucial point. Like all businesses, wholesalers face a lot of competition from other wholesalers, so it is a good idea to know who your competitors are and what your unique selling points will be over theirs. A little research in this department definitely goes a long way.

The next most important thing that you need to have is relationships. If you don’t already have good relationships with manufacturers or retailers – how are you going to build these? There’s no point thinking that you would like to go into a wholesaling business if you have nothing to sell, or no one to sell to. This is perhaps one of the most difficult aspects of starting any business and is certainly something that you should not consider lightly.

Most importantly, you should ask if this is the best possible venture for you, and if you decide it is, be prepared to put in some hard yards on the road to success. No one said it was going to be easy, but if you follow the tips and advice outlined above, you definitely will have a head start and an edge on your competition.

Locating A Wholesale Dropshipper: Our How-To

Saturday, November 14th, 2009

What if someone who’s looking to look into wholesale suppliers and drop shippers and how you can buy from them to raise profits in your business? If you’re on the look out for wholesale drop ship suppliers, you will be pleased to hear that there are an array of wonderful places you can acquire products for your business. These days, it’s becoming increasingly easier to find wholesale suppliers and wholesaling drop shippers to augment your sales business. However, you as a business owner should still be careful of people looking to exploit people in situations similar to yours.

You may have heard of e-books or lists which contained the contact information of many wholesalers, these are sold many places on the web and are downloaded to your computer. The problem with these lists is that the information is often outdated or incorrect.

Directories are another popular place for wholesale suppliers can be located. While some directories are authentic, this is also often a way scammers receive a payment from you for useless information. It’s best to avoid these lists altogether.

Perhaps the best way to do business with a wholesale drop shipper is to talk to them directly – this way you are able to talk to the company who will be sourcing your products. It is possible to find wholesale drop shippers via a web search or paper directory services such as the Yellow Pages.

When you find a wholesaler, it’s a good idea to do some background research and find out about other people’s opinions on the company you plan to use.

It’s also important to ask for product samples before you start selling them, you may have to pay for the samples however, these products reflect the quality of your business and you will want to be providing the best possible services to your customers.

 

Using Wholesalers For Ebay Or Craigslist Profits

Saturday, November 14th, 2009

Wholesaling and drop shipping is on the increase with eBay and craigslist and it’s time for you to get on the bandwagon. Thousands of people are using wholesalers to boost the income they make on eBay or craigslist and make a full-time income working less hours. However, many people are asking how can they get started in this?

While wholesalers have been around for a long time, they don’t advertise themselves openly. They rely on people conducting research in order to find them, and generally will only sell to businesses rather than members of the public. Wholesale sources are able to supply high quality products at low costs because of the multitudes of the products that they have. While a wholesaler may sell product for $10, a retailer may sell it for $20, the wholesaler makes a profit on the cost of their product and the retailer makes a profit on the price of the wholesale.

If you’re an eBay or craigslist seller, it is possible to locate a wholesale source who will provide you with the products that you would like to sell on either of these services. You’ll find that by sourcing products at wholesale prices you are able to give your customers better prices while increasing turnover and also increasing your profits.

Unfortunately, not all wholesale companies are legitimate. You often come across companies who claim to be wholesalers who in actual fact are middlemen, these middlemen charge a premium on the wholesale cost which can end up cutting into your bottom line. If you intend to source products from our wholesaler it’s important that you thoroughly research your market. Try to contact the company before making a purchase, ask any questions you have upfront, and always research their policies.

When you do find a wholesaler, you will have find a company that is able to supply the high quality goods that you are looking for which will add to your bottom line.

Essential Reading: How To Find A Reliable Dropshipper

Friday, November 13th, 2009

If you already are in the business of vending goods on or offline, you may want to think about looking at drop ship companies as a way to expand your business. One of the greatest advantages of using a drop ship supplier is the savings you will make on product storage, as well as the time savings from not requiring to ship individual merchandise.

The hardest part of getting into this sort of business is sourcing a legitimate drop ship source. The traditional way of finding a drop ship supplier is to meet one through a local trade show or through a business directory listings. However, with the growing popularity of the internet, the ways in which you can find the wholesale drop ship supplier that you’re looking for has truly opened up.

The type of listings which you should avoid are the lists which are sold for a price through websites and eBay. The information is most often incorrect and you will actually be able to find more reliable information from free resources. While some of these lists and listings do contain real and valuable information, accurate lists are few and far between. In the end, you’ll probably end up wasting much of your valuable time.

One of the biggest challenges which you will be faced with is the lack of promotion that drop ship dealers do. As drop shipping is often a sideline from their primary business of wholesaling, many do not advertise that this service is available. You should try not to be disheartened by the lack of information available, as there are drop ship suppliers out there who would be happy to do business with you.

The best advice for finding a good drop ship distributor is to ask. A reputable wholesaler may well have this service available, and simply contacting them will reveal the nature of the service and any costs associated with it. If you already have a trusted wholesaler, they may be your best bet to become your trusted drop ship supplier.

 

Rip Off Report Swarmed By Fake Wholesalers

Friday, November 13th, 2009

I was browsing the internet the other day and I came across the Rip Off Report which is a consumer advocacy site warning others of the dangers of doing business with different companies.

As I’d been looking into some different wholesaler distributors, I thought I would just have a look and see if there was anything there about them which might help me gauge whether they were a good company or not.

Obviously, because there are so many wholesale sources out there lots of the ones that I looked up didn’t come up with anything, but I was really surprised to see the number of reports about one major company that is the source to a lot of eBay sellers.

What was most surprising was that I thought this was a authentic drop ship company – or at least that was what all the information I read had said – but reading through this I found out that they were really just a hub for the transactions to be conducted through. In more traditional business models, this would be something that people are more likely to avoid. However, when it comes to internet selling, this is actually something that is highly sought after.

Of course that’s not a bad thing that it’s an easy place to get lots of products, but I didn’t realize just how high the markups were on the products that they were offering. I read that in some cases the markup is as high as 15% on the price, which when you are looking at the difference between wholesaling and retailing, really is the profit margin.

It just made me think twice about the best wholesaler suppliers and I will certainly do more research to find out where I can get the best prices for the products that I will be selling.