Posts Tagged ‘wholesale’

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Why Intermediaries And Middlemen Are Killing Retailers – And How To Get Rid of Them

 :: Posted by Brian Glusman on 01-06-2010

I have been doing research into good wholesale distributors for a while now, and I’m continually surprised to hear how people are getting caught up with the simplest things. As entrepreneurs and business owners, it is important to remember to maintain your business acumen despite your sheer enthusiasm.

For years, one of the major problems has been businesses who claim to be wholesale distributors but are actually just intermediaries hiking the price up and passing on a product.

What was most surprising for me was that I found out that some of the major players are in wholesale distributing are actually middlemen. I was reading the other day about a lady who had been using one service for over a year and as her business grew she decided to do some research into other avenues to obtain products.

She said she was really surprised to find out that the item she had been buying through this wholesale distributor was actually available for less direct from the drop ship source.

Because of the monthly subscription fee she had paid to use this site, she had believed that the prices she was getting were the cheapest available and so was surprise to find out that they carried a 10-15% markup.

I realize that this is a situation that many people must be in, and it is really sapping their profits. So in order to avoid the middlemen trap, it’s important to track down a wholesaler or drop shipper who is providing you with the best possible price for your product.

By going directly to a wholesale supplier, or liquidator, rather than third party broker, you will maintain higher profit levels and see more business success. With one small step, not only do your save a lot of effort, but you also maximize your profits and increase the profitability for your business.

 

 

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Rip Off Report Swarmed By Fake Wholesalers

 :: Posted by Brian Glusman on 01-06-2010

I was doing some research on the internet the other day and I came across the Rip Off Report which is a consumer site warning others of the pitfalls 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 suppliers 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 distributes 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 source 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 sources 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.

 

 

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Boosting Your Ebay Business With The Right Wholesale Supplier

 :: Posted by Brian Glusman on 01-03-2010

eBay is a booming business which offers a great opportunity to find people who are actively looking to purchase a huge array of products. In fact, it’s such a great business that millions of people use eBay each day to make a legitimate income, whether it is a full time job or even just for some extra pocket money.

One of the best things that you can do when you decide to commence on your eBay selling career is to find a wholesaler source where you will be able to purchase products at below retail price. It’s important to remember that eBay buyers are often looking for a bargain, so if you can get a great low wholesale price, you can maximize your profit margin.

One of the greatest things about eBay is that it has a very low start-up cost. You won’t be paying for a shop or staff to run it, it can be as easy as a couple of listings which you create on your computer. In a few quick and easy steps, you can launch your online business and generate profits in no time. But how do you find out exactly what to sell and where to find it?

Some of the biggest selling things on eBay are clothing and electronics. The key to success is to find the best wholesaler source for these items and get them at the right price.

 

Another popular area is branded goods, or licensed merchandise. For example, if someone has a child who is crazy about Disney or Barbie, they are very likely to search for that specific brand rather than just a generic item.

Simply purchase a few of these items from your wholesaler source and you can soon be on your way to eBay business success.

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How To Avoid The Pitfalls of Drop Ship Wholesaling

 :: Posted by Brian Glusman on 01-03-2010

Do you have a traditional business sales position or background but are itching to go out on your own. Using your great sales skills to advertise goods which are then drop shipped straight to your customer is a fantastic way to make an income on the internet.

However, there are plenty of scams out there and it’s critical to be aware of what you may be getting involved in. It’s surprising how many people are fooled into fake suppliers or being hit with exorbitant fees. In this day and age, one must ensure that their money and their investment is safe from the many scam artists out there.

Perhaps the main way that people are conned is by buying so called lists of wholesale drop ship sources which contain outdated, or even false, information. Many of these lists cost thousands of dollars, and yet are simply filled with useless information.

False drop ship sources are also another big scam. These are started up by retailers who will claim to be wholesalers when in fact you can buy the same merchandise much cheaper straight from the proper wholesale source. Often, you will find that leaves your items priced too high for your market and you find your time and money has gone down the drain.

Scammers will also typically try to charge you a joining fee to access their service, while trustworthy drop ship sources will be allow you to join their site for free and you will be able to see the prices of the products which are being offered. You should be very wary of fees, as unless a company is offering a service such as your own personalized web store, then they shouldn’t be charging your anything other than the cost of the product and on occasion a small handling fee to cover their own costs.

 

 

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Beware Of Hidden Costs With Certified Ebay Service Providers

 :: Posted by Brian Glusman on 01-01-2010

When you first start doing business on eBay, one of the first places that you may look around is under a section which tells you about certified eBay service providers. These are third party businesses which are endorsed by eBay, although they are not affiliated with eBay directly. These third party business are believed to be the key to increased success for your small business.

Many people use these third party eBay service providers in order to find a reputable wholesale directory or wholesale supplier. While you will often find that being certified by eBay means that you are at less risk of being ripped off, unfortunately it certainly does not mean that you will be getting the best price.

In actual fact, many of these certified eBay service providers will actually hike up their prices once they become certified as they know that they have a captured market. With this in mind, it is easy for both businesses to agree to each other as they both have their repsective goals lined up.

More and more sellers are making complaints about this issue, and while the small print may fully state the terms and conditions of utilizing the service, the whole point about finding a good wholesale distributor is so that you can keep costs down and maximize your profit level.

In actual fact, it is often best to steer clear of certified eBay service providers, at least until you have done a little market research and are able to ascertain the sorts of prices you should be paying. Make sure that you are paying for products at low enough prices for you to make a profit.

There are many high quality wholesale distributors who are high quality and trustworthy and whose services can provide you with excellent products and fantastic opportunities for good profit from the sales that you will be making.

 

 

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How To Make Extra Money From Wholesale Products

 :: Posted by Brian Glusman on 12-31-2009

Selling merchandise is a fantastic way to earn some side money and get on the path to financial freedom. And what’s better, starting your own online retailing business doesn’t need to take a lot of time or effort on your part.

It could be as easy as starting your business by finding wholesale products and selling them in your spare time through the internet or at flea markets. You could even sell your merchandise to friends, family and work colleagues! There are many avenues in which you can make an income from selling items acquired from wholesale. The options are almost limitless!

When you find merchandise, or a range of merchandise, from a wholesale distributor, you will be acquiring them at a price which is less than the typical retail price in regular stores. The difference between the retail price and the wholesale price is your profit margin.

When you consider the fact that you can often find merchandise for fifty percent off and more, you can soon see that the profits that you could be making can be quite considerable.

One of the greatest things about buying goods from wholesale retailers is that you don’t need a large amount of outlay to get your business underway. You might start out selling only one or two merchandise, and as your business grows you can take on additional goods lines to further boost your sales.

The best things about building a business from wholesale suppliers is that you are taking charge of your own business, staying away from the exploitation of pyramid selling and affiliate sales, and you will see your profits escalate and your business grow at a much steadier rate. By following the advice mentioned above, you can start your small business in no time at all.

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Arbitrage Hits eBay, Generates Profit

 :: Posted by Brian Glusman on 12-30-2009

Did you know of the thousands of people are making a lot of profit with arbitrage eBay? And no, this isn’t a brand new feature developed by the auction site, it’s a great system that clever folks have realized can pocket them a small fortune.

Quite simply, arbitrage eBay is the simple process of purchasing an item for sale with the intention to resell it and make a profit in the process. It’s something that can be done when a product is demanded by two markets and a price discrepancy lays between those two markets.

The basic definition of what arbitrage means is that there is an opportunity to buy at a low price and sell at a higher price. It’s a term which is in common use in financial markets taking advantage of shares and currency exchanges. But what does this all have to do with eBay?

In auction terms, arbitrage eBay occurs when a seller lists something in the wrong category, misspells a word or provides a vague description for the item they are listing. Because the majority of eBay shoppers simply search for items using a text search, rather than the category search, quite often these bad listings completely miss the majority of buyers they were meant for.

Because of the sheer volume of auctions that are on eBay at any one time, and the number of fresh listings which are still active, there are endless opportunities for arbitrage eBay seekers – however there is one area which is often overlooked by sellers, and that is buyers who misspell what they are looking for.

If you are looking for something to exploit in arbitrage EBay terms, then hunting for these sorts of buyers, rather than sellers is an extremely profitable business to be in.

Perhaps even better than that, is that if you team up with drop ship suppliers of different items, your opportunities for arbitrage are infinite.

Let’s say you happen to track down wholesale drop ship suppliers that offers a wide variety of different items. You could play around with listing a range of misspelled products and see which ones make you sales. For example, your drop ship suppliers might offer licensed Disney goods, and in particular Hannah Montana merchandise. If you were to create a listing for Hanna Montana you would see that your auctions would get a lot viewings, as many people make this spelling mistake with the name.

Of course, this is something that you can do with almost any product you want to sell. Perhaps the best thing to do is use a site such as http://www.searchspell.com/typo/ which displays common misspellings of words. That means that you could go through a range of items being offered by your drop ship suppliers and create misspelled auctions for each.

The beauty of this sort of business is that because all the items are drop shipped, you don’t have to worry about purchasing them up front. That means that if you find that some items don’t sell, you simply don’t relist them, and concentrate on those which are the more popular arbitrage eBay items instead.

 

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Why Drop Shipping Wholesale Sources Are Changing Things For Good

 :: Posted by Brian Glusman on 12-29-2009

There are a lot of different ways that people describe drop shipping businesses and what the role of a wholesale supplier in this industry it. If you have a drop shipping business system, it’s important that you understand the ins and out of what this means and the process that are involved in running a business in this manner.

In fact, a drop shipping business model is often an arm of a wholesale supplier business, as an additional option which is offered to clients who do business in systems that support drop shipping. A majority of wholesale suppliers don’t do any form of marketing as they simply make their profits out of acquiring bulk at low prices and selling them in smaller quantities – if they were involved in the marketing and advertising process, the buying price of the products would be much higher which would impact upon the whole retail chain, including the consumer.

In their most basic format, a wholesale supplier needs to purchase products cheaply enough so that they can on sell to retailers at a profit, but also at a low enough price that the merchant can also make a profit. The major fault that lies here is that there is a shipping cost associated with delivering the merchandise to the retailer, and then an additional cost applied when the retailer sends the item to the customer.

This is especially true for online businesses and catalogs, and the cost of the shipping and storage by the vendor is usually built into the product price. Now, let’s look at that in a different way. What this means is that the amount which is charged by the wholesale supplier to deliver the item to the merchant is actually an unnecessary cost which affects the retailers profits. If the retailer didn’t have to pay this initial shipping fee, and also harbor the cost of storing the merchandise, they could make more money, or offer the item to their customers at a discounted price.

This is where the shipping business plan comes into play. Wholesale suppliers realized that they have the capacity to offer a storage and shipping service to their customers, as it was something that they were doing anyway. So for a small charge, instead of shipping the products to the vendor, they simply ship the products straight to the customer whenever an order is made.

It’s a process which saves time and money and makes the most of the wholesale supplier and retailer’s business strengths. Of course, and additional bonus for the merchant is that they don’t have to purchase any stock until a product has been sold. That means that they are also free from issues such as overstocks and price reductions for slow selling items.

Working with a wholesale supplier with a shipping business plan is the way that many large companies make exceedingly good profits on a monthly basis. Many of the traditional costs of doing business are thrown out the window and the opportunity for growth is endless, which is why wholesale drop shipping is exactly where all the smart money lies.

 

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How to Buy Customer Returns

 :: Posted by Brian Glusman on 12-28-2009

Have you ever thought that you would love to buy customer returns? It’s something that you should consider if you are in the business of buying wholesale merchandise and reselling them to your customers. Many large wholesale suppliers will have contracts to acquire customer returns from large retail stores and when you look at some of the goods that are available through the customer returns, closeouts and overstocks process, you may be pleasantly surprised by what you find.

There is a good profit potential available when you purchase customer returns, but there are also some implications which are worth considering. Let’s determine what returns are so that when you order wholesale returns item you have an understanding of the sorts of things that you will be receiving.

Most major department retailers and retail chains have a system whereby they will allow returns from their customers. There might be conditions barring the returns, but at the least they must accept merchandise which are not fit for the function which they were intended.

It’s a smart point to note that most customer returns will not be provided in the original packaging, especially as so many products are now supplier in tamper proof packaging which can’t be salvaged.

The reason that retailers will accept customer returns is that they want their customers to keep buying from them and often it is the fact that they have the ability to return an item that will drive some customers to make the initial purchase.

So when merchandise is returned to the store, what do they do with it?

In general, most stores have a setup whereby they have a contract with a bulk liquidator or wholesale supplier that will come and buy customer returns at a reduced rate and then on sell to their business customers. But if some of the items is damaged, then why would volume liquidators be willing to buy it? The reason for this is the price. Wholesale sources will have an agreement that states they will pay anywhere between tend and twenty-five percent of the retail price of the customer returns, but the returns that they accept must still have a value of at least seventy five percent of the principal selling cost. This allows the wholesale supplier to make a profit when selling to business retailers, and thus the retailer making a profit when selling to the end user.

If buying customer returns with items that have a value of less than 75% of their original retail price, bulk liquidators will usually enter into a negotiation regarding what they will pay for the product.

It’s a good point to note that closeouts and overstocks will often be in brand new condition, meaning that they will retain one hundred percent of their value, so of course this is great opportunity to make a profit. Many customers returns will also be made up of high value items such as TVs and camcorders that may only need a minor repair to function correctly.

There is good money to be made dealing in customer returns so if you are in the online retail business, investigate this opportunity as a great way to turn easy profits.

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How to Buy Customer Returns to Resell

 :: Posted by Brian Glusman on 12-28-2009

There are a lot of buys that people make from retail businesses that for one reason or another just don’t meet their standards. More often than not, they will become unwanted presents or even just products that the customer realizes they have no need for. Of course what will usually happen in this case is that instead of the customer cutting their losses, they will return the product to the store for a refund.

But what happens to those products that are customer returns? Are the put back on the shelves or just thrown out? The truth is that neither of these are the case. Because a returned item cannot be ensured as being exactly as original condition, the store must resign it to the return to the vendor area, which is a culmination of different returned items which have been returned for a variety of reasons. From items that didn’t fit the purpose they were sold, electronics that have stopped working and clothing with missing buttons (as well as all the perfect condition goods) the world of customer returns is one that is vast and varied.

The reason that retailers will often just put all customer returns to the RTV area is that quite often customers will return a product to a store long after there are no more of that particular item left. Rather than trying to find an area to sell these items, the store will simply cut their losses and accept the returns.

If you are wondering how to buy customer returns then there are a few things that you should know. Firstly, customer returns are a huge business. They’re not something which a small business can get into sourcing without a lot of start up cash, so unless you are in this position, you shouldn’t be trying to learn how to buy customer returns directly. In saying that, you can learn how to buy customer returns from a wholesale supplier of bulk liquidator who will be able to provide you a great deal on returns items at below wholesale prices.

You will find that customer returns can vary in quality but your wholesale source should be able to supply you with good information about what you are buying. Some people are actively seeking to purchase damaged goods so that they can repair them and resell to their own customers. This is especially true of electronics item which are high value such as plasmas and camcorders.

In general you will be able to source products at below wholesale cost and sometimes as low as ten percent of their retail value. Of course if you are a retailer, being able to source items for such low prices gives you the opportunity to be able to make more profit on everything that you sell, which of course is the main objective of your business efforts.

Smart retailers know how to buy customer returns and why this is often their number one choice, so use these opportunities to your advantage and find a wholesale source that supplier customer returns today.

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