subject: Advantages Of Bulk Buy Wholesale As A Sourcing Method For Your Online Business [print this page] Many people start an online business as a way of supplementing the income they earn from their full-time job. It is now relatively easy to start a business on the internet but it is not completely without its problems.
If you are currently running an online store, continuous research and hard work are the key to success.
You will first need to decide which products you want to sell. Once you have decided on your product or product lines you will then need to find reliable wholesale sources. There are a few main options that you have available to you and we'll quickly run through each of these before looking at why you might want to bulk buy wholesale.
Dropshippers
A drop shipper is a type of wholesale company where you can order individual products. These products are not handled by you and all orders are dispatched to your customers by the dropshipper. This means that when your customers place an order you simply need to order the product from the dropshipper and give them your customers address.
There are many advantages to using a dropshipper mainly because you don't have to hold any inventory or worry about shipping products. A very important point to remember is that using good dropshippers will not hit your cash flow, as you don't pay for the goods until you have received payment from your customer.
If you do choose a dropshipper then it's essential that you choose a dropshipper you can trust. A drop shipper will be representing your business. If problems occur in servicing your orders then this will reflect badly on your business. Make sure you find an accountable, honest and reliable dropshipper.
Importing
Another option would be to source the products from china or wherever they are made by yourself. This is actually quite easy however unless you are going to be ordering huge volumes of stock then it's not going to be worth your while.
You will also need to take care of shipping, transport and storage. Not to mention import duty and all the required legislation you must abide by.
Wholesale
Another more common option would be to bulk buy products from a legitimate and reliable wholesale source. These wholesalers are normally importers themselves which means you can get good prices without the hassle of importing. Many wholesalers also allow you to buy in smaller quantities, which will help with your cash flow.
Bulk buying products is the best way to save money and increase your profit margins. Drop shipping services are very flexible but you do pay a premium for them. A dropshippers prices will always be more expensive than a wholesalers because you are also paying for the service.
When buying products in bulk you need to ensure that you have enough warehousing space to store your products and enough cash to pay for them up front. This shouldn't be a major problem as long as you have enough money to make the investment.
One of the biggest problems with dropshippers is that you are not in control of anything. It's often difficult to find out accurate stock levels from your drop shipper and this could lead to an unhappy customer if a high selling stock item is sold out.
Your reputation is also linked to the quality of your drop shippers service, if they fail you fail. If you use a regular wholesale supplier you remain in control of the whole process.
by: John Mills
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