by Robert Cyr on December 9th, 2009
Another great email from an individual who is about to start their own business brokering pallets and truckloads of merchandise. I am always willing to answer questions to those who send emails. Lets get right into the email that I received yesterday:
Comment & Question: I thought your Guide was great, I found it to be very helpful on how to get started in the Wholesale Liquidation business. I have almost finished all of the things I need in place to start being a liquidation broker. When you started being a broker did it take a long time to build... Read more »
by Steve Strauss on May 8th, 2009
Q: My manager tasked me with analyzing our using mass media – radio and TV – for our business (5 stores.) Any insights you could give me to get started would be appreciated.
Linda
A: There’s an old maxim about advertising and dogs which that is pretty true, and I once I had the dog to prove it. Her name was Gert. Like most dogs, Gert hated it when she had to swallow a pill. She would spit that pill out as fast as she could.
I learned that the only way to get Gert to swallow a pill was... Read more »
by Carrie Hinkel on September 23rd, 2008
As the internet makes contacting and communicating with businesses incredibly easy, more entrepreneurs are considering setting up a wholesaler business. A wholesaler is basically a middleman between manufacturers and retailers. Wholesalers buy products in bulk from manufacturers and then sell them at a markup to retailers. There’s no doubt that wholesaling can be a very lucrative business, especially when you carry a full line of products within the same product category.
Getting started as a wholesaler
Find potential manufacturers – This may sound simple enough but it truly is a time-consuming process, as not all manufacturers are willing to take... Read more »
by Carrie Hinkel on September 4th, 2007
If you’ve decided to become a retailer or wholesaler and need to find wholesale merchandise sources, that’s terrific; but don’t start buying up wholesale product lots just yet. Making sure your new venture is legal and following all the government guidelines is very important, as noncompliance could end up with you paying steep fines or being forced to shut down your business.
For many reasons, you’ll want to create a business name for your wholesaling business. This could be the name of your website, or a newly-created name. If you plan on doing business with several reputable wholesalers, it’s much... Read more »