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Selling Online - Finding The Best Wholesale Lots

by Stuart Stephenson

Finding wholesale lots online has become much easier over the last few years, with the emergence of quality wholesaler directories and trading websites. If you are looking to start selling on ebay or expand your existing business online you should always be on the look out for quality wholesalers who can provide the latest supplies at the best prices.

You can easily create a decent cashflow trading online, the challenge is finding quality wholesale supplies that you can put a good markup on. This guide outlines many ways of getting the best deals from wholesalers. You can then start adding to your ebay shop or website and enjoy immediate interest and sales.

What Is Wholesale?

Wholesale is the purchase of goods from a manufacturer or distributor for resale. Usually bought in bulk, wholesale supplies are lower in cost as they have had less markup added by 'middle-men' as they travel down the supply chain.

Wholesale lots are usually purchased from the distributor, by the retailer, to sell to the end user. The larger a retailer becomes, the more 'buying power' they have when sourcing wholesale supplies, so can afford to pass these savings on to the consumer.

Which Type Of Wholesale Supplies Do I Offer?

When you are the new kid on the retail block you will not be able to afford big wholesale lots like your larger competitors e.g. Amazon. You will struggle to compete so you need to consider these two options:

1) Cut your profit margins to stay competitive - you need to be careful as you will still have overheads e.g. premises, staff, marketing e.t.c. so you need to make sure these are covered and leave a decent profit for yourself. Do some research before buying wholesale lots to see if this is possible.

2) Choose a less competitive niche - find a market that has less competition from big retailers and you can enjoy better profit margins. There may be a reason for this though, no competitors means no customers.

What Are The Pitfalls Of Buying Wholesale?

You need to find the right wholesaler as well as finding the correct product, so you must research both. Don't settle for inferior products, choose the products you want to sell, research them carefully and then compare prices on a like for like basis. If possible choose a verified supplier on a respected wholesaler website.

Research any prospective wholesaler carefully before dealing with them. Check out their internet presence including customer feedback and ring them up and ask to see their credentials. A decent wholesaler directory can save you a lot of time here as this type of research has already been done. And they will usually get involved with any disputes if you ask them. Ensure all pricing quoted includes extras such as shipping, credit card charges, local and import taxes etc as they can seriously reduce your margin.

The basic rule of retail is 'the profit is made on the purchase, not the sale', this is where having several potential suppliers pays off as you can play them off against each other to get the lowest price which instantly gives you more leeway for pricing at the retail side. There is not a 'correct price' just one that both parties are happy with, there are many factors, the size of the order, your skills as a negotiator, how you are paying, past trading history etc.



A <a href="http://www.123-electronics.co.uk">wholesale electronics</a> outlet provides a large inventory of items for businesses to market. <a href="http://www.123-electronics.co.uk/buy/Wholesale+Consumer+Electronics">Wholesale consumer electronics</a> offers a high quality and dependable range of products for the individual or business.

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New Unique Article!

Title: Selling Online - Finding The Best Wholesale Lots
Author: Stuart Stephenson
Email: ginjaninja101@hotmail.com
Keywords: wholesale lots,buying wholesale,ebay,ecommerce,small business,home business,online business,work from home,internet marketing,business
Word Count: 571
Category: Ecommerce
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