Posts Tagged ‘Wholesaler’

Struggling to Find and Manage Products You Want to Sell?

Thursday, October 1st, 2009

Are you wanting to sell products online to make extra income?  Are you struggling to find wholesalers who will sell to an online store?  When you find a wholesaler and the products you want to sell, are you struggling to organize the information and get back to it quickly when you need it?  What can you do to drastically reduce the time it takes to assemble product information and then make sense of it?

To sell products successfully online, you need some critical information for each product:
1. Market and product research information
2. Current Demand
3. Current Supply
4. Current competition
5. Competitive pricing in eBay Auctions
6. Competitive pricing in major Retail (Amazon)

Once you secure the information for EACH product you want to sell, you need to sort it and track it different ways. It’s a major task to try to set this up on Excel Worksheets. That’s why the team at www.worldwidebrands.com has developed a unique Product Sourcing Tool designed to meet the needs of active online retailers. 

Research

Using a keyword, the Research Tool provides a complete Demand/Supply/Competion Picture for you in one place using simple organized tabs.  For each keyword you use to search, the tool identifies the other keywords used by browsers to find such a product.  This way you can perform multiple product searches to help identify the niche you can possibly sell into.  Your searches can be saved for later to help with trending.  There is no risk of errors trying to cut and paste or re-key information into an Excel Worksheet.

Suppliers

For each keyword search, The Product Sourcing Tool identifies qualified wholesale suppliers willing to work with online retailers and supply wholesale products to sell via Amazon, eBay, Yahoo! Stores or customized websites.  It identifies the wholesale supplier that offer products for dropshipping, light bulk, large volume & liquidation.separately.  Searches can be saved by Supplier.  Suppliers can be located by city, state or country in the tool as well, so if you want to locate a supplier in your region, you can easily locate them.   You can save your Preferred Suppliers separately - Add To My Suppliers.  You can also list suppliers that you cannot review when you see them but want to come back to them - Preferred Supplier.  It’s a fast way of finding retail wholesale relationships and identifying drop ship products.  http://www.worldwidebrands.com/pop_taketour.asp

Saving You Time

Time wasting for new online retailers includes:

  • Keying and emailing your company information to multiple wholesalers to request the opening of an account with those wholesalers.   The My Account section of the tool allows you to update the information once and then send an accurate, up-to-date information sheet to as many wholesalers as you need.
  • Looking for specific products you don’t find listed.  With WorldwideBrands.com, you don’t have to do the work.  Just contact info@worldwidebrands.com, tell us what product/s you need to find and we will do the research work for you and find the right wholesale supplier for you.
  • Identifying what’s new.  You can select Show Only Last 30 Added from the Tools’ Dashboard and bingo, all the latest stuff is there for your review.
  • Wasting time researching products that eventually you determine you cannot sell on eBay or Amazon anyway.  The Tool clearly identifies these in the search result before you spend any time contacting the wholesale supplier.

 

Time is of the essence when you start to develop your own online retail business.  As Product Sourcing is an ongoing requirement to keep your business fresh and alive, and growing, it’s important that you have an organized and swift method of getting product information and being able to recall quickly it any time you need it.

Visit the WorldwideBrands.com Testimonials section to hear how many others have saved time finding and managing the products they want to sell. 

SKU? It’s Just a Model/Product Number.

Friday, June 26th, 2009

When you deal with genuine wholesale suppliers, you will frequently hear the term: SKU.   A SKU is the unique number a wholesaler assigns to a product type.  It may be a model number or a product number.  If a wholesaler carries 8,000 unique products, in the industry they talk of the wholesale supplier carrying 8,000 SKU’s.

A model with three colors is likely to have three SKUs to identify the product, one SKU for each color.  Note this is not a number that is unique to each product (like your Social Security Number).  It is a number that is unique to each product description.

It’s as simple as that.

Click to review more of Chris Malta’s “Wholesale Tips”

Watch Out for a Refundable Deposit!

Thursday, May 7th, 2009

Watch out for a Refundable Deposit!

Review the fees your wholesaler says they must charge you.  If you hear ‘refundable deposit’ be on the alert.  There are fees a real wholesaler will never charge.   An Account Set Up Fee and a monthly account maintenance fee, for example, are certain warnings that you are talking with a wholesale scammer, NOT a genuine wholesale supplier.

Some legitimate wholesalers may charge you a small refundable DEPOSIT on opening an account for you.  Typically this deposit gets refunded when you place your first order.  The important word here is ‘refundable’.  A one hundred dollar deposit charged when setting up your account should get refunded to you when you place your first order of at least $100 of product.

The deposit is actually a valid charge.  The wholesaler uses it as a deterent to online sellers who are not really serious about buying from the wholesaler.  Online sellers are building a reputation for being ‘Wholesale Tire Kickers’.  Many eCommerce sellers set up free accounts with multiple wholesalers BEFORE they’ve even decided what they want to sell.  Too often, online sellers never return to buy anything.  It costs the wholesaler money to open these accounts.  The deposit covers their set up costs.  Online Sellers who are not serious typically avoid opening an account that requires a deposit.  

The wholesaler isn’t pricing to make money this way.  It is merely a deterrent.   You must check that the deposit is refundable.  Typically only a Scammer requires a non-refundable account set-up fee.  Beware.  This is not a real wholesaler!

Click to review more of Chris Malta’s “Wholesale Tips”

Interacting with a Wholesaler and Dropshipper

Thursday, April 23rd, 2009

Interacting with a Wholesaler and Dropshipper
When selling online, to make the most profit per sale, you need to source products at real wholesale prices.  A wholesale supplier, especially a dropshipper, will only work with retailers.   You must be established as a legitimate, legal business before they will set up an account for you.

A Sales Tax ID
A wholesale supplier needs  a Sales Tax ID for each Account they open.  You must you must be a legally established business to obtain a Sales Tax ID before you can sell their products.  If a wholesaler tells you that they don’t require a Sales Tax ID to set up an account for you, they are porbably a true, factory-authorized wholesaler.  Search engine queries often lead you to middlemen.  Paid middlemen adverts in the search engines often lead you ‘pretend’ wholesalers.  They buy from the REAL wholesalers.  They mark up the wholesaler’s price and squeeze your ability to make sufficient profit.

Home Business is Still Business
Many propsective online sellers avoid doing the  ‘legal paperwork.’  However it is so easy and inexpensive these days.  Don’t let a few sign-ups prevent you from earning suitable margins in your online business.

Click here to see more Wholesale Tips.