by Jag Kaurah on October 14th, 2008
The short answer is yes. You see, there is this thing called the "China Price". This started with manufacturers in China selling their goods so much below the normal price that it sent shivers down the backs of manufacturers world wide. In the past, factories wanted to ship very large minimum quantities and have exclusive agents. With increasing competition and manufacturers from other countries having to offer the China Price the minimum order quantities demanded by factories have come down and exclusive agencies are getting less prevalent.
In theory, you can now order a product of a small enough quantity,... 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 Veronica Stone on January 9th, 2008
Okay – you’ve sold your first few items on eBay and you’ve made a small profit. You’d be forgiven for wanting to grab that cash and celebrate your success by spending it on something frivolous.
But instead of enjoying a short term gain, why not reinvest it for long term profit?
My partner and I started off with a $360 order from a wholesaler (paid for from our savings), and within three months we’d bought and sold enough items (reinvesting our profits every time) to be sitting on $3000 worth of stock – all bought and paid for. We’d sold... Read more »