Sourcing

Finding The Elusive Wholesale Stock Suppliers

Setting up your retail shop, whether online or storefront, requires you to have products to sell. Becoming a retail entrepreneur offers many challenges and rewards, and most small business retailers get into business because they have a passion for the types of products they sell. But where can you find the best products for wholesale prices?

What Will You Sell?

Acquiring your wholesale stock requires planning, research, and a bit of business acumen. First, do you know what you want to sell? Getting started on the road to retail cannot be done on a whim. Some amateur retailers believe they can start and maintain a thriving business based on the acquisition of a few cheap products. However, without a plan and a source for consistent wholesale products, these would-be entrepreneurs usually do not last long.

You need to know what product or products are going to be your core business. Only then will you be able to begin your search for a supplier.

Research Wholesale Suppliers and Distributors

When looking for a quality wholesaler to supply your stock needs, you have plenty of options. Here are a few tips:

  • Local Suppliers – Do you know someone or have a contact that produces a product you want to sell? Try placing orders and buying stock directly from the maker. Many retailers go into business selling intriguing homemade products made by family or friends.
  • Wholesale Distributor – Look for a wholesale distributor who can supply your retail stock. If you have a lead on a few good distributors, check with them directly. You can also find thousands of wholesale distributors in wholesale directories. Directories may be industry specific, such as electronics or fashion, or may contain lists of distributors with a variety of products.
  • Dropshippers – Many wholesalers will offer dropshipping as part of their service. Dropshipping is simply the process of shipping a product directly to the end consumer. Many retailers make a successful business by never even touching the products they sell. They simply perform the marketing and do the actual sale transaction, but the product is dropshipped from the wholesaler to the customer.
  • Wholesale Marketplaces – You can also locate a wholesale to supply your retail stock through online business communities and marketplaces like the The Wholesale Forums.  These types of marketplaces bring together both business entrepreneurs and suppliers in a common place where they can sell and buy wholesale stock.

Negotiate the Best Deal

After you have found a good quality wholesale supplier, the next step is forming a business alliance and negotiating for your retail stock. Don’t be afraid to negotiate with a wholesaler! By talking with your wholesale representative, you can find ways that can save you money on the stock you buy, such as buying more in bulk or buying returned or discontinued stock. Never feel pressured to accept the wholesale price offered.

You can get your retail business started and running successfully. Finding the stock simply is a process of planning, research, and making sound business decisions to get the stock you need that will result in profit.

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  • L
    Linda
  • June 23rd, 2010
Does anyone know of a legitmate wholesaler of mobile phones?
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  • F
    Frank
  • June 23rd, 2010
Some wholesalers now actually help cover the cost of shipping and will give free advertising and marketing help to their customers.
P
  • P
  • August 10th, 2010
Can anyone help me find a wholesaler based in the uk for alarmed padlocks please??
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  • C
    Colette
  • August 16th, 2010
Does anybody know a reliable supplier of bed linen?
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  • S
    Stuart
  • August 18th, 2010
I would like to set up my own market stall selling toiletries and make up, does anyone know of any wholesalers that I can get stock from?
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  • S
    smb117
  • September 22nd, 2010
hi all
im new too all this so ill try not too sound too stupid :)
i would like too start a bussiness as a reseller selling on ebay i was wondering is there a huge fish out there that can help a tiny tadpole with good items to sell,suppliers, ect, any help would be very much appreciated
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  • B
    brian
  • January 2nd, 2011
any body have cheap work boots large quantities wanted no silly prices please.
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  • T
    Tony.B
  • February 26th, 2011
Hello.
I'm hoping I will get some feedback and advise.

I still looking for more wholesalers to buy wholesale stock / joblots / pallets etc. And in looking for decent prices obviously so I am able to make a nice profit.

I have come across quite a few, a lot sell rubbish and some are too high price.

I have come across 2 that I'm interested in, but not sure.

Wholesale Empire Limited - wholesale-empire.com

I have seen these guys and they seem to sell branded products and high quality, and the prices seem very good. I rang them and spoke to a sale person and I asked about the products if they were genuine and where they get from. They said all products are from licensed distributors and bankrupt stock in UK and out.

And wholesaleclearance.co.uk company, they have hundreds of items but 9/10 I couldn't sell because their pointless items, like candles etc. But some stuff look good, I saw a&f clothings and they were too cheap, too good to be true? Could be fake in my eyes, but rang them and they said they only deal with genuine also.

So just want some advise as to how would I know what I'm buying is good or bad?

Any advise is grateful.
Thanks
T

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