Plenty of people who are looking into the market of wholesale suppliers will stumble upon a wholesaling and drop ship service which offers its customers the service to buy products below retail price and then sell them on for a profit.

There are plenty of different people who utilize these services but it is important that you understand what you are getting into when you sign up for an account. While there are plenty of drop shipping wholesale suppliers out there in the world, not all of them have the best intentions, so do some initial research.

Once you have signed up for a free trial, you will often be contacted by a sales representative who will persuade you to pay for a full year’s subscription to the service which will, in the long term, save you money.  Often the savings will come from the volume of sales you will make, so you should be prepared to invest some time in the growth of your business.  It’s important to note however, that if you decide to cease trading or if you decide this sort of business is not for you, you will not get a refund of this amount.

One of the other problems with this service is that because it is a cumulative marketplace, all the products on offer are marked up between 10-15% on the price that you would get if you went directly to the wholesaler source or the drop ship supplier. Many customers will become disheartened and leave the service as they find they are not able to make the amount of profit that they had initially hoped was possible.

If you intend to use a service such as this, it is highly recommended that if you exercise some amount of caution and utilize your best judgment.

 

 

In theory, the avenue of dropshipping is eather easy. You sell the merchandise, the wholesaler sends it directly to your customer. However, with more and more bogus companies appearing on the web, here are some easy and easy to follow tips to ensure that you avoid becoming the victim of a dropshipping swindle.

1. Do your Research

Perhaps the most crucial thing to do is to do some research on the company that you are considering doing business with. Search the internet and see if other people have had any problems with them. People generally write about bad experiences to warn others not to get caught out.

1. Call & Email the Company

You’d be surprised just how many scammers out there have a very pretty website with support areas and email addresses – but they don’t actually work. So many people get caught up in fancy graphics that they trust the business is honest. Don’t assume. Call. Then email. A trustworthy company will be happy to hear from you.

1. Avoid the Fees

Most companies will charge a ‘drop shippers fee’ which is often an item based fee which they will hit you with on ever sale. It also usually eats into your profit so you’re left with nothing. Honest drop shippers won’t charge you this fee, as their costs will have been covered in the price of their merchandise.

1. No Refund Policy

Make sure your dropshipping company offers refunds. As a business, you’d expect that a certain proportion of your customers may want to return the item. A reputable dropshipper will have a returns and refund policy – if they don’t it’s going to end up hurting your pocket.

Following these simple steps will help you avoid the dropshipping scams that so many people get caught out by.

 

Did you know that all around the nation, there are warehouses which are filled with wholesale surplus, overstocks and closeouts? We’re talking places jam-packed with grade-A clothing, home wares, electrical equipment, pet supplies, hardware toys and almost anything else that you can think of! The amazing thing is that you can buy these things at incredibly low prices and then sell them onto your own customers for a profit. The places that you need to find are called bulk liquidators, and they carry a wealth of opportunities for you to make money.

One trend that plenty of people are turning to is to buy in bulk and sell on eBay from the treasure trove that bulk liquidators have – but where do these goods come from? Well, bulk liquidators hold stock which is customer returns, unwanted goods and items that have been overstocked. They also will relieve stores of their inventory when they go out of business, or when they simply need to make space for new products arriving.

Bulk liquidators also deal directly with factories in the case that orders may be cancelled after the products have been produced, or items have been phased out. There are a whole lot of reasons why bulk liquidators exist – but for you as a business, all you need to know that they are a good place to source stock to sell to your customers at below wholesale prices.

Here are some tips you can use to do business with bulk liquidators.

1) You don’t need to buy huge amounts of merchandise to do business with these companies – in fact you will find many lots that you can purchase for less than $100.

2) If you have a business repairing electrical products, try and find these from your bulk liquidator, as many customer returns are electrical items that simply need a minor fix.

3) Of course, the other point to note is that you can also source working merchandise for as little as 40% of their MSRP price, so you can still make a profit when you resell those.

4) You will find much clothing for sale in bulk liquidators and often it is simply overstocked items or last season’s fashions – many people make good profits selling clothing, especially in retail stores and market stalls.

5) Another great line to look out for is groceries and tinned food which are consistently good sellers. People will often purchase discounted canned food in bulk and store it in their pantry.

If you are interested in doing business with bulk liquidators and want to sell the products you find to make a profit, you can start by looking on the internet for companies that offer wholesale closeouts, liquidations and customer returns.

Starting a small business can be difficult but when you have the ability to undercut the competition by sourcing your wholesale products from bulk liquidators, you will be getting such a low price that it will be easy to make profits and keep growing your business. Take advantage of store surplus to get your online retail business underway

Today I was emailed a Special Report by Simon Hodkingson

He just finished putting together a step-by-step report that explains how you can start giving something away this week and in return *make a ton of cash!*

Download it here
(right click, choose ’save target as’)

Now grab a copy right away and you’ll see

a)  what to give away
b)  how it’ll make you piles of profit
c)  When you need to do it