Finding Your Own Wholesalers
Finding good wholesalers is very important for an online business, no matter what you’re selling. In order to make profit you need to have genuine sources from which to buy and there are a lot of companies out to scam as many new comers as they can. Luckily, there are ways to avoid these businesses. So, how do you go about finding a wholesaler?
Know Where You’re Going to Sell Your Product
This has to do with where you plan to sell your product. For example, eBay is a very popular auction site. This is important because it affects the price you can get for your item. On sites such as eBay, people sell at wholesale prices. Therefore, if you were a wholesaler of clothing and you attempted to sell your goods at a retail price, you would definitely be undercut. In order to sell at this price, you need to opt for your own ecommerce website. However, as with eBay, you would still need to be aware of your competition.
Know Where To Source Wholesalers
There are a number of wholesalers around that are simply out to take your money. However, it is possible to avoid these businesses. A wholesalers and dropshippers directory is your best bet. In order to get on such a list the companies are rigorously scanned to make sure they are legitimate.
You can take other routes, however. A great way to get contacts is through trade shows. At these shows, you can meet companies in a similar line of business as yourself and discover other product lines that would be beneficial to your company. You can search online to find out where such shows are taking place. Alternatively, you can ask your Chamber of Commerce, check your local newspaper or inquire at your local Small Business Commerce branch.
It is possible to use the Internet to search for wholesale companies online. If you use a search engine, you will come up with a large number of hits. However, it is then up to you to decide how desirable the business is and if it is a wholesale company and not simply a reseller.
Always look over their websites carefully and jot down all the contact information provided, including the address, email address and telephone and fax numbers. Then, contact the company by telephone or if it is not based in the UK, then contact them by email. Observe how professional they are and what information they can provide you.
You want to avoid buying your list on eBay. First, this list will probably have been sold over a long period, so most of the data provided is more than likely out-of-date. Some of the businesses may not even exist anymore. Second, since the list has been sold or even given to a large array of people, your competition will be massive for the same merchandise.
Finding wholesalers that are genuine and reliable is vitally important. In general, a wholesale directory is a good idea. Otherwise, make sure you research companies thoroughly.
A good way to find wholesalers is by using a dropshippers directory. Whatever merchandise you want to sell you will be able to find genuine businesses.
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