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Stocklots – Know the Credible Sources of Wholesale lots and Lessen the Risk of Wasting Money

February 22, 2017 12:44 pm / Leave a comment

We all want to be the top seller online and the best way to achieve this goal is to give your customers real reason to decide that your online shop sets itself apart from the other online shops. Practically, to be a standout online shop means selling standout quality products. The next question is, where do we find such products? Before you go full blast with wholesale business, please prepare a checklist that includes the following points. Which type of products are you scouting for your store? If you want to specialize in vintage and want to create a product niche in vintage, you may want to think twice about selling the newly released mobile phone. Based on the number of current sales, clothes, jewelry and electronic products are always welcomed into the market with great demand. Which type of supplier would you like to get steady order from? Have you decided to sell only original products or even similar products from low-cost manufacturers? Lastly, what specific products do you want to include in your shop? Branded items, fairly new, classically old, recycled or even liquidation items?

Being in wholesale business for quite a while, I know that you can surely find great wholesale lots and stock lot from the sources we will cover. This will certainly launch your online sales to success or restore it to its perfect income-generating health.

An online auction powerhouse, Tradeguide24, tried and tested by times, even included in local news with great raves about previously sold products is a credible source of wholesale products. Just search for the appropriate product categories. Type in cosmetics for the latest line of make-up or electronics for the latest gadget and you can easily zoom in a product that you have in mind. For your security, be able to check feedback from other sellers, connect with sellers online, ask them questions, inspect a product for quality, complete payment, making Tradeguide24 ahead in the game of providing everything you need for your online business.

China has always been a consistent supplier to the market. However, a given downside to it is the barrier of language and distance. You do not want to get a supplier that does not have set up offices in key locations around the world, or worst, place an order which has been out of business for years. But we cannot discount the fact that they are able to come up with incredibly low prices that you will wonder if the manufacturing laborers were ever paid for it. The Chinese suppliers also empower a lot of sellers to come up with their own brands and start their own line of products since most of the manufacturers in China agree to distribute brandless wholesale products that you can sell with your name on it.

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Wholesale Lots – How Can You Maximize Profit From a Wholesale Lot Business?

October 7, 2016 5:37 pm / Leave a comment

Want to start having a wholesale lots but do not have an iota where to start finding one? Are you struggling in traffic just to get to one supplier to another trying to get the best products and best deals and yet still fail? Frustrated with local suppliers?

But how are you able to do that? Finding the right, high-quality products is the key – but at the lowest price possible. By getting such, you can put a higher margin on the base price so that you also have higher revenue.

Well, you have come to the right place! If you have been hiding in the caves and do not know what is online wholesale directories, then this is your chance to know the secret most successful retailer, wholesalers and dropshippers do to maximize their profits in their business and actually lessen expenses. All you need to do is searched up a reliable wholesale directory online and you are all set. Through wholesale directories, you will find a long list of potential suppliers of different products which you would want to incorporate into your business. And most of the time, they come cheap too. Giving you maximum earning potential.

To further maximize your profit, I suggest that you make constant researching and study with your market and current trends. Always keep in mind that change is the only permanent thing in the world and you need to consider fads. Of course, there are always classic items that never goes out of style. Always observe and join online business community and forums to be able to know what is up in the business world and know opportunities from other businessmen such as yourself.

Know your job description. Know what it means to be a “wholesaler“. You are a wholesaler, that means customers are actually driven to your business believing that they are getting wholesale prices for their wanted products. Do not frustrate them by giving expensive prices, higher than retail. It is your job to look for suppliers and buying them in bulk to cut cost and prices for your profit and your customers. If you are a “retailer” or “dropshipper”, then stick to your job description. Provide quality products to your customers at affordable price, always making sure that you have an excellent customer care system to be able to lock in their support and retention to your business.

Choose the best supplier for your business. Always make sure to build rapport on your suppliers to keep the great goods coming. Talk to them personally on the phone every once in a while. Let them know that they are actually dealing with a real person and not a computer. If you can visit them, please do. It would be a breath of fresh air for the both of you to be talking about anything that is not related to your business every once in a while.

Great promotions and advertisement is always essential in any business enterprise. Attract customers to your business and your site with quality products, affordable prices and great customer care. Incorporate promos, contents and discounts. Remember that advertisement through word of mouth is the most effective way of advertisement.

There are actually a lot of ways to maximize profits in any business venture, you just need to be able to identify opportunities to do better and implement them.

Rules for Running a Successful Wholesale Business

April 13, 2015 1:22 pm / Leave a comment

Running a wholesale business successfully is an exciting and exhilarating experience. However, achieving success for your business venture is difficult so, hardly a few succeed in it. It is common for a business to face challenges and stressful situations especially during the initial years but remember it can become a routine occurrence if you fail to take care of the interests of your business. Following area few rules that will help you in starting and running a wholesale business successfully.

Conduct Market Study from time to time
Before you start a business, experts believe it is better to analyse the market first. It is important to check whether the market is suitable for your wholesale products or not and what your competitors are offering. Once you start a business, it does not mean you should stop studying market trends. Market analysis is an on-going process. It is important to research the market from time to time because you don’t want to wake up one day and realize that your products do not have a market. Conduct a thorough research, bring about changes in your business plan accordingly and proceed. Market research becomes vital once you decide to launch a new or unique product category.

Be Smart and Manage your Business Finance
Businesses fail when entrepreneurs cannot manage to attract buyers for their products. Be smart in managing your business transactions and maintaining the cash flow if you want to be successful. Most entrepreneurs offer cash only service but this could hinder the success of your business and you could lose potential customers. The way people do business has radically changed and now most of the wholesale buyers do not prefer making cash transactions.
If you are working both online and offline, you must offer multiple payment modes to your customers to increase your customer base. For instance, to widen the spectrum of your customers, you can consider online payments through different modes on your website. Facilitate credit buyers so that they can buy products from you and pay you later. Another option could be to accept cheques from wholesale customers as they make big transactions.

Learn to Value your Customers’ Opinion
Customers can make or break your business. No matter how unique your wholesale products are, you cannot hope to succeed if you do not have buyers. Therefore, after setting up your business, ask your customers to give their feedback and voice their opinions. View their opinions in context with the findings of market research data and introduce only those products that your customers demand. Do that and it will help your business grow in the right direction.

Marketing is an Essential Element
Marketing is another essential element of a successful business which is important for reaching out to the target customers and earning recognition amongst masses. Once you are done with market research, you must devise a viable marketing plan to advertise your business using different online and offline mediums.

Do what you love, Love what you do
Once you are sure about all the above-mentioned points, move ahead confidently according to your business plan. Never forget one golden business rule that you should always love what you do and do what you love. Once you adopt this approach, you will be able to come up with great business ideas from time to time without feeling any stress.

The challenges of promoting a wholesale business

April 3, 2015 3:07 pm / Leave a comment

A wholesale business is faced with numerous challenges, and is under constant pressure to reform. The first and foremost challenge faced by a wholesale business is changing customer requirements which exert pressure on the current order processes and market forecasting. Customer requirements usually reflect economic changes. An uncertain global market causes the customers to alter their purchasing behavior so that they can preserve their business needs. Dwindling customer base forces the wholesalers to increase their marketing spend. The greater competition between wholesalers forces them to reduce the prices. As a result, the wholesalers have to look for cheaper imports from outsourced locations. Moreover, the decreasing sales make it difficult to justify the distribution costs. Hence the wholesalers have to reduce the number of locations they distribute to. This further reduces the sales, and the cycle goes on and on.

Yet another challenge faced by a wholesale business is the one posed by manual systems. The wholesalers often rely on the error-prone paper-based systems for different tasks, which often require duplication of effort. A number of software systems are available to help the wholesalers, but it is not easy to choose the suitable one. If a right system is selected, it can be greatly beneficial. It can help the management make correct business decisions. However if a wrong choice is made, it can do serious harm to the business and can result in grave financial consequences.

Competition from other companies poses a great challenge to a wholesale business. Technologically advanced companies make use of radio frequency identification and stock trading applications. These technologies give them significant competitive advantage over those companies which are not yet technologically advanced. Companies that are less advanced technologically are often tempted to implement isolated solutions designed to automate certain parts of the business. However before taking any such decision, the flexibility of these solutions and their long term impact on business should be carefully considered. Otherwise implementation of such solutions can lead to major disruptions in business.

In order to respond to these challenges, a wholesaler must possess adequate knowledge of each of his customers, their buying patterns, businesses and requirements. In order to stay abreast of such challenges, a wholesaler must possess knowledge about debtors and creditors, profit and loss etc. They need to possess accurate knowledge of stock and wholesale suppliers. All this knowledge can be gained by implementing a suitable IT system that is flexible, simple, small and easy.

Import Export B2B Marketplace

March 22, 2015 11:19 am / Leave a comment

In the recent times, the B2B portal has become the major platform where you will be able to increase a steady growth when you are engaged in the import export business. There are many more fields that are coming into the fray for all your online B2B needs. This is the market place that is growing with leaps and bounds. This has escalated to unimaginable heights with many people making killing from it. There is also the new plastic B2B marketplace as well as many more. You will be able to enjoy the benefits that come with the utilization of the online B2B portal.

With this, you will ensure that you get into the best practice as far as import export, trading leads, partners, wholesale product purchasing and selling as well as numerous suppliers and buyers. If any of the above named is part of your interest, then this is the right place for you to explore growth. You will be able to access the best market place for all your needs. This is if you are an international market trader.

To be able to access the import export trade leads. This is if you are in need of access to gods which sell of quickly, ensuring you make your profits before noon. If you need to make a sale, all you need is to post your trade lead online and get the response you need in a flash. When you post the “Buy” trade lead, you will be able to sell off the goods you need. If you need to partner with someone, all you need to do is to post a “partner” lead when you intend to look for a business where you can make some beneficial partnerships.

In terms of products, you will be able to access a huge range of import export products for your business. All you need is to access the right portal and go to the best and searchable category, here; you will be able to post the right descriptions and images. With this, you are able to effectively market your products to any place you need. Reaching the market is the best thing you could do for your business.

The companies will also be a good way to ensure that your import export partnership will be beneficial for you as well as the company. You will get all the best offers from wholesalers, manufactures, suppliers, distributors as well as many more buyers. You only need to post your details on the site.

Business to Business Marketplace – A Gold Mine for International Trade!

March 19, 2015 11:48 am / Leave a comment

A business to business marketplace is a platform that helps local as well as global traders to connect with each other in order to grow their business and increase their revenues. It is a place where buyers, sellers, suppliers, wholesalers, distributors and resellers can connect with each other and discuss their business opportunities. Business to business marketplaces and web portals have become one of the most sought after options for the international trade. This is because such web portals allow local as well as global traders to do business at their least expenditure.

The IT related business solutions, after their doldrums, once again emerged with B2B websites that give wholesalers the liberty to expand and promote their business to worldwide traders without spending huge fortune. Prior to B2B web portals, the interface that existed between buyers and sellers was in the form of brokers.

Brokers are the persons who help two or more businesses to weld a profitable business relationship with one another as well as with the other traders across the world. Some of the brokers evolved themselves as wholesalers, one cannot eliminate from international trade because of different reasons. In such cases, these brokers virtually put international trade to ransom. As a result, international traders had to bear the burden of excessive brokering charges that reflected on the prices of goods / services they wanted to sell. Such an increase in the prices of goods / products being sold ultimately made them unattractive for the international market.

B2B portals and websites allow global traders to directly interact with each other in an effective way without bearing any extra brokering charges. Such business to business websites are springing up with an extensive growth rate not only because they allow global traders to connect but also because they make brokers to charge their clients realistically. In fact, now even brokers are using B2B web portals to find out new clients.

A B2B website offers its services to a wide range of traders that include, but are not limited to, sellers, buyers, suppliers, manufacturers, wholesalers, importers, exporters, stockists, distributors, resellers and dropshippers. In this way, B2B websites have become a crucial trading tool for everyone.

The success of B2B websites lies in their simplicity. You simply have to get yourself registered there, and voila! Now, you can post your own selling / buying leads, can contact other traders all over the world, can also advertise your company to millions of potential customers and much more. Choose a B2B website very carefully after analyzing all the features it offers and list of companies and traders already registered there.

It is understood that if a B2B website or a business to business marketplace used in the right direction, it can become a gold mine for international trade.

Tradeguide24.com – one of the fastest growing B2B marketplace for wholesale buyers, sellers, importers, manufacturers and wholesalers from all over the world.

The Best Strategies For Selling Wholesale Merchandise Online

February 23, 2015 2:27 pm / Leave a comment

Are you looking to find a new wholesale customer that can buy up your wholesale merchandise in large quantities?

Do you want to find a customer that can buy up your merchandise by simply looking at pictures of it?

This wholesale customer exists, and his name is the Internet.

The actual customer who will buy your merchandise in large quantities is not the Internet itself. But the wholesale buyers can come through the Internet.

The Internet at its best is a mass communication medium that allows buyers and sellers to connect to each other.

When used properly it can play the role of a sales person.

Besides the practical features available online for a wholesale business, there are also revenue building benefits.

Using the Internet a wholesale business can market its products to all types of buyers, who are scattered across the world.

But to obtain these benefits for your wholesale business you need to know the best strategies for selling wholesale merchandise online.

Before we proceed, I will assume that every wholesaler, or prospective wholesaler, knows that high definition pictures and clear product descriptions are essential.

With that in mind, here are some of my favorite strategies for selling wholesale merchandise online.

You can start out by using eBay. Find the best category for your merchandise and list it under the wholesale sub category.

Be very clear in explaining why a reseller should want to buy your wholesale merchandise.

The more a buyer understands how much he can make by buying your wholesale merchandise, the higher he will be willing to bid on it.

Another great strategy for selling wholesale merchandise online is to advertise in wholesale search engines. These wholesale search engines attract buyers who need merchandise for their stores, flea market booths, and eBay businesses.

There is another site that will sell your wholesale merchandise for you. While this site can move your wholesale merchandise pretty quickly, you need to realize that the final sale price will usually be pretty low.

This site is best used when you have a very large quantity of an item, or you simply want to sell wholesale merchandise which is not moving.

The site is Tradeguide24.com

You can also post your items up for sale.

Use these posts to tell wholesale buyers about the wholesale merchandise you have for sale.

Since these posts are free you are not risking anything while having the ability to make sales.

Another great strategy for selling merchandise online is to find closeout brokers to sell your merchandise.

Closeout brokers will usually market your merchandise at a mark up. When an order comes in they will make the sale, then place an order with you, and have you deliver the merchandise directly to their customers.

This is a great way to do business, since an experienced closeout broker will know many ways to advertise your wholesale merchandise.

And since the closeout broker is making money by marking up the merchandise, you are still receiving the price that you wanted for your wholesale merchandise.

You can discover many other innovative methods for selling wholesale merchandise online by searching online for wholesale sites. You never know what ideas you might find.