Have you ever thought about selling watches? Have you wondered adding them to your inventory, whether in your retail location or on your online store? Watches and time pieces alike will always be wanted, no matter the day and digital age. Plenty of people have different watches for different occassions and/or collect them just like they would a fine piece of jewelry. They come in different sizes, different face fronts, different types of bands and have different functions. A watch can bring together a business suit or it can accentuate a cocktail dress; it can be dressed up or dressed down. Watch styles will change with the trends and a person’s own individual style. Watches are often stored just like jewlery is, in a drawer or in a jewelry box where they will be easily accessible. There is a lot of profit in selling watches. If this idea intrigues you, then your first step is sourcing those companies and manufacturers that will offer you watches at wholesale closeout prices.

You need a wholesaler that will have continuous stock and that will offer high-end quality merchandise. A good wholesaler is a critical component of being able to sell any liquidated or discounted product. You need to be able to get name brand watches at excellent prices, so it is imperative that you work with wholesalers who are reputable. By doing this, you are limiting the amount of complaints you will have to deal with if the merchandise are bad quaility and your customers are upset because a watch does not work. One of your challenges will be to discover a good wholesale watch supplier. There are a few things you need to consider when researching wholesale watch suppliers.

First things first, is your wholesaler an enjoyable company to work with? Will they be able to fill your order quickly and efficiently? Will your supplier be able to overnight items when the occassion warrants? You should find out where they are located so you can estimate the time of arrival for your merchandise and always ask if merchandise are normally back ordered. You also need to determine if you can get in contact with your wholesaler at any given moment. While researching wholesale suppliers, you need to know if they have a land line to call so you can speak with a real-live person and not just recieve communications from a computer.

The next thing you need to do is find out what type of quality merchandise you are going to be offering. The liquidations wholesaler will want to sell you whatever they have, but it is your job to take out the junk and get stock that won’t fall apart and break. If you can limit your suppliers and can get everything you need from just one company, then you are on the right track.  Having to deal with multiple suppliers is often inefficient and more hassle than it’s worth. Become familar with your merchandise and the wholesale supplier company so you can always keep a good running inventory. Find out if your wholesale supplier offers volume discounts or if they have drop ship capabilities, and if there is an additional fee for that. Ask them if there is a minimum quantity you have to purchase because if there is, that could bite into your profits substantially. Always keep up with fashion and trends so you will be able to offer the latest hot item when the seasons change.

Is it not particularly important to know all the styles and brands your wholesaler supplies, but you should have an idea who the top sellers are. As with any purchase, people have a love for a certain brand and they would never consider buying anything else. Do your research and find out which brands are the most popular and then find a wholesale supplier that will be able to meet your personal needs. The brands and styles that you offer need to be quality items.  By doing this you are ensuring customer loyalty. Your online closeout website or your brick and mortar location should be the first thing a customer thinks of when they want to get a quality watch at an affordable price.   

The final step in finding a wholesale watch supplier is asking what their payment terms are. Do they offer 30 or 60 day Net?  If they do, then you should take advantage of this so you have more free capital. Usually suppliers will not offer this advantage to you until you become a regular distributor for them, but it never hurts to ask. You should also consider selling watches on a consigment basis since this will allow you to offer high end watches, like a Rolex, without having to spend the cash to buy it and you still make a profit! These are the questions you should be asking your potential wholesale supplier before you decide who you are going to do business with. By asking the right questions, you can get awesome deals that will bring you big profits. Be aware that not all wholesalers or liquidators can offer you great deals, and if they can’t, then you need to seek other suppliers.  You are in business to make money for you, not for them!