Welcome To the World of Wholesale
The world of wholesale products is one that peaks the interest of many people, but the fact of the matter is that it is one that is understood by very few. It is kind of like finding a pot of gold. You found it and you really don't want to share it with others. Wholesale works in the same manner. If you figure out the world of wholesale, you do not want to share this treasure with others.
Wholesale is completely different from retail. With wholesalers you get extremely low prices, and the higher the quantity the lower the price. The reason for this is because wholesalers sell to retailers and they want to be able to sell huge quantities of their product.
A great example to use in helping you to understand this concept is cell phone cases. You want to start selling cases but you are unsure how they will sell. You purchase five of them from a wholesaler for $2. They prove to be big sellers so you then decide to order 50. You will then get this quantity for $1.25. Basically the company will offer a price break at a certain amount.
Wholesalers sell items in what they call a "lot." A lot is nothing more that a group of different merchandise that the wholesaler offers at a set price. For the most part a lot is sold at a phenomenal discount. Once you get broken into the world of wholesale it is wise to dabble in purchasing a lot of merchandise every now and then.
With a lot you have to keep in mind that you cannot pick and choose the merchandise that you want to buy. For instance, if you purchase a lot of 100 DVDs then you will not be able to pick the titles of the DVDs.
Often times a wholesaler will throw in reject merchandise in their lots. At rock bottom prices that you receive you will get enough good merchandise that it will make up for the rejects that you will get little or nothing for.
Once you get your feet wet in the world of wholesale you should purchase a lot or two and make yourself some extra money. If your goal is to make maximum profit with an online business you must research and understand buying wholesale products.
About the Author
Brent Crouch is the owner of Jillian Distributors a leading wholesale company offering a complete line of wholesale products including wholesale leather coats, jackets, handbags, purses, clothing, and accessories.
Tell others about
this page:
Comments? Questions? Email Here