Starting an ebay business or online store is a great way of supplementing your full-time income. It is now much easier to start a business on the internet but it is not entirely trouble free.
If you are currently running an online business you still need to put in lots of hard work to make your business profitable.
You will first need to decide which products you want to sell. Once you have decided on your product or product lines you will then need to find reliable wholesale sources. There are a few main options that you have available to you and we’ll quickly run through each of these before looking at why you might want to bulk buy wholesale.
A drop shipper is a type of wholesale company where you can order individual products. These products are not handled by you and all orders are dispatched to your customers by the dropshipper. This means that when your customers place an order you simply need to order the product from the dropshipper and give them your customers address.
There are many advantages to using a dropshipper mainly because you don’t have to hold any inventory or worry about shipping products. Using dropshipping services will also improve your cash flow, as you only pay the dropshipper after you have received funds from your customer.
When choosing a drop shipper you need to look for reliability and quality of service. A dropshipper will be the person who represents you. If your customer experiences delays in receiving their products then your business could suffer. Finding the right dropshipper could considerably boost the chances of business success.
Another option would be to source the products from china or wherever they are made by yourself. This is actually quite easy however unless you are going to be ordering huge volumes of stock then it’s not going to be worth your while.
You will also need to take care of shipping, transport and storage. Not to mention import duty and all the required legislation you must abide by.
Another more common option would be to bulk buy products from a legitimate and reliable wholesale source. Most wholesalers will import goods themselves, which means you can often negotiate very competitive prices and not worry about the importing process. You can also purchase smaller quantities than if you were to import.
Bulk buying products is the best way to save money and increase your profit margins. Drop shipping services are very flexible but you do pay a premium for them. A dropshippers prices will always be more expensive than a wholesalers because you are also paying for the service.
When buying products in bulk you need to ensure that you have enough warehousing space to store your products and enough cash to pay for them up front. This shouldn’t be a major problem as long as you have enough money to make the investment.
One of the biggest problems that many small businesses have with dropshipping is the lack of control. It’s often difficult to find out accurate stock levels from your drop shipper and this could lead to an unhappy customer if a high selling stock item is sold out.
Your reputation is also linked to the quality of your drop shippers service, if they fail you fail. If you use a regular wholesale supplier you remain in control of the whole process.
Finding legitimate Wholesale Sources can be difficult. For advice and guidance on the best Wholesale Source options available to you visit www.wholesalesourcereviews.com.