Archive for the ‘What’s New’ Category

What is a SKU?

Monday, January 16th, 2012

Picture Frames
I have seen this question from time to time my friends, so here is the answer.

A SKU refers to a Stock Keeping Unit and is unique to the company that issues it. The SKU is then assigned to each individual product.

So for example, let’s say that I make collage picture frames. I have one black picture frame, that holds 5 - 4×6 photos so my SKU for that product would be Blk546 (or any other number I make up).  I have that same picture frame, but in brown. So my SKU for that product would be different, I might use Brn546. This would carry on until individual product has its own unique SKU.

SKU’s assist warehouses in keeping track of their inventory. So knowing the number of SKU’s that each wholesaler has, tells you how much inventory they have.

If you have any additional questions about SKU’s, please ask them below!

Creative Commons License photo credit: ricardodiaz11

Happy Holidays from Worldwide Brands!

Tuesday, December 20th, 2011

Happy Holidays from Worldwide Brands $20 offHappy Holidays from Worldwide Brands!

It’s that time of year again when you need to seriously consider getting your business started right for the New Year.

According to the US Small Business Administration, over 600,000 people start a business every year. Many succeed and many fail.

Why do they fail? According to the SBA, many small business owners fail because they lack the training and knowledge necessary to run a successful business.

At WorldwideBrands.com we help you with that. We have eBooks, articles, videos, workbooks and more that will teach you how to get your business started right, how to work with wholesale suppliers, what are the best services to use and more.

Along with our fantastic training and education, our main business focus is our Product Sourcing Tool. Our Tool contains over 8 million wholesale products from thousands of wholesale suppliers that work with online retailers.

We investigate and certify each wholesale supplier before we list them in our tool so our members can be assured that they are working with a legitimate wholesale supplier and not a scam or a middleman.

Sign up with Worldwide Brands today by taking advantage of our special offer of $20 off! This coupon will expire on New Year’s Eve, so don’t miss out!

Go here: http://www.worldwidebrands.com/happyholidays

Working Within the Process – Setting Up Accounts with Wholesale Suppliers

Wednesday, November 30th, 2011

paperwork
Currently, in our Worldwide Brands Product Sourcing Tool, we list thousands of genuine, verified Drop Ship and Light Bulk Wholesale Suppliers. We’re very proud of those numbers; it took a long time and a great deal of difficult research to get there. That’s more genuine Wholesalers, by far, than are listed in all the other lists and “directories” out there combined. We continue to add new distributors all the time.

However, once in a while we lose a distributor or two as well.

Why? Do they decide they no longer want to sell to home-based business? Do they go out of business? No. They decide that they don’t want to deal with the number of people we send them who do not follow their instructions when setting up a new account!

This can be a bad thing for both of us.

For us, it’s bad because we spend a great deal of time and money researching genuine Wholesalers. We don’t just pull these companies out of a quick trip to a Search Engine, like all the other lists and “directories” on the Internet. As you know from reading our site, we put a great deal of effort into our research, and spend a lot of money on large numbers of “raw leads” that we develop into just a few real Wholesale Suppliers that “make the cut” into our Product Sourcing Tool. We don’t like to lose those companies, but if they tell us to remove them, we remove them.

For you, it’s bad because every Drop Shipper and Light Bulk Wholesaler that drops out of our Tool is a lost opportunity for you. You won’t find most of these companies listed anywhere else, in any other list or “directory”. As I said, we don’t just search the Search Engines. Our “raw leads” are lists of thousands of manufacturers and wholesalers across the USA and around the world. We buy those lists from high-powered Research companies, and then we contact every manufacturer and wholesaler on those lists in order to find out if any of them Drop Ship, sell in Light Bulk Quantities, or will consider doing either or both.

We spend a lot of time, money and effort researching these wholesale suppliers and we love what we do!

The one reason, more than any other by far, that a Wholesale Supplier requests to be removed from our Tool is because they get tired of dealing with people who do not pay attention to their instructions on setting up new Accounts.

Let’s look at it from the Suppliers’ point of view. They think it’s wonderful to be in our Tool. We do not charge them a cent to be listed with us. If we did, there might be many companies who would not be willing to pay a listing fee. We would be short-changing you, our Members, by excluding legitimate Suppliers from our Tool simply out of greed. That’s not the way we operate. We list all qualified, genuine Wholesalers for free.

Again, the Suppliers think that’s great. We get emails and phone calls from them all day long, telling us how wonderful they think our Product Sourcing Tool is for their businesses. However, you have to understand that they are now getting a lot of new Account sign-ups, from our Members.

To the Supplier, that means Paperwork, and sometimes lots of it, depending on how they have their business set up. They all need to know who you are, so they have to process your New Account information. That takes them time. Most of them have to assign you to a specific Sales Rep. More paperwork; more time. Nearly all of them need to get a copy of your Tax ID. More paperwork; more time. After they have your New
Account fully set up and processed, they have a certain amount of time invested in you.

In the reality of the Business World, only about 10% of a Wholesale Supplier’s New Account sign-ups will ever do business with them. We know that a lot of our Members, when they get our Product Sourcing Tool, go a little wild and start signing up for accounts with nearly every Supplier we list!  That’s NEVER our recommendation, but it happens anyway! Those people who sign up for so many Accounts only tend to end up using a small number of them, once they finally decide what they want to sell.

As a result, about 90% of the New Account sign-ups that a Wholesale Supplier gets from our Members end up being unused; that Member will go off and use Accounts they set up with other Suppliers instead.

That, in itself, is not a bad thing. Wholesalers in general are used to this kind of thing. It’s a normal part of the wholesale-retail relationship, and the Wholesalers can handle that. The point at which some Wholesale Suppliers begin to get upset is when some few of our Members don’t bother to follow the Suppliers’ instructions.

I was talking with one of the owners of a Drop Ship wholesale company in our Product Sourcing Tool just a few days ago about this issue. He said that they have a very clear and simple sign-up process outlined on their Web Site, and that they had spent a good deal of money setting up and automating that process. I went to their web site to look at the process myself. It couldn’t have been simpler.

“I get emails all the time from your Members asking about New Accounts”, he said, “and that’s great. I have a standard email I send back, with instructions on how to go to our web site and sign up. But then, many of those people write back, asking more questions about the Account Signup Process. It’s all explained right there on the web site, where I told them to go in the first place. It seems that they just don’t want to take the time to read it. We don’t mind answering calls and emails from our Retailers. That’s part of our Customer Service. But, when we have to take time away from helping our existing Retailers in order to tell someone something that is already very obvious, it gets frustrating”.

“Then”, he went on to say, “we get people who are incredibly impatient. I get phone calls from people who say, ‘I emailed your company three times already about setting up a New Account, and nobody got back to me!’ We know our Customer Service is better than that, so we check our email Inbox. What we find is that they emailed us three times within the past hour, and we just haven’t had time to get back to them yet!”

We then talked about the thing that frustrates him the most. “People just bypass the whole process sometimes”, he said. “We’ll get emails that say ‘my name is Joe Smith, here’s my address, and this is my Tax ID. Set me up a New Account right away’. We simply will not do that, when we have a process already in place that’s designed to save us time, and save them time as well. They can go through the process on our site in just about five minutes, and our Database automatically sets them up with everything they need. We didn’t spend time and money developing that system so that we could go back and manually enter an Account for anyone who doesn’t feel like following our process.”

As you can see, there are reasons for following the processes laid out by the Wholesalers we list in our Product Sourcing Tool. This gentleman was considering asking us to remove his company from our Tool. Of course, we did not want to lose him, so I told him that I would write this article in order to help all of our Members to understand what suppliers like him go through in order to set up new Accounts.

We know that most of our Members do follow the processes that our Wholesalers ask them to. This article isn’t meant to chastise anyone. It’s just meant to help everyone understand these things from the Wholesalers’ point of view. The better you understand the companies you work with, the more successfully you can work with them! :)

So, here’s a quick list of things to remember when signing up for a New Account with a Wholesale Supplier, or with any Service or Supply company you might use in your business:

  • Read the company’s web site before calling or writing with questions. Most of the time the answer is already there for you.
  • Don’t get impatient! In the real business world, things take time. Many companies can set you up with an Account either instantly, or within a day or two. Sometimes it takes a week or two. Again, you’ll usually find Processing Time information right on their web sites.
  • Don’t try to shortcut the process! There are good reasons for the processes that Suppliers use. They generally do not like it when someone tries to “move to the front of the line” by calling or emailing outside of their process.

As I said, these tips work well for any company you work with, not just your Suppliers. You need the goodwill of the people who service and supply your business, so work within their processes, and you’ll find them very easy to work with!

Creative Commons License photo credit: Keith Williamson

Happy Thanksgiving 2011 Everyone!

Wednesday, November 23rd, 2011

Thanksgiving Dinner Turkey Drumstick Leg On Paper Plate free creative commons
Happy Thanksgiving Everyone!

We here at WorldwideBrands.com hope that everyone that celebrates Thanksgiving has a safe and Happy Holiday!

Always remember that Thanksgiving is a day for giving Thanks, nut just “stuffing” yourself with Turkey! :)

So THANK YOU to all of our fabulous members!

Creative Commons License photo credit: Pink Sherbet Photography

Is your online store ready for Black Friday 2011 and Cyber Monday 2011?

Friday, November 4th, 2011

shoppingBlack Friday & Cyber Monday are extremely popular shopping days! Why? The deals, coupons & freebies! Oh my! I’m excited just thinking about it!

Black Friday is always the day following Thanksgiving Day here in the US and marks the beginning of Christmas Shopping. This is traditionally meant for brick and mortar retail stores, but you can also get in on the action!

Cyber Monday is the first Monday that follows Black Friday. This is the day that many online retailers focus on. Since people are typically running around in the early hours of the morning on Black Friday and of course you need naptime after all the exhausting shopping!! Being online is far from many of their minds. That is why Cyber Monday is especially important to online retailers.

Many retailers are already advertising deals for Black Friday & Cyber Monday. Are you among them?

Have you been dealing with your wholesale suppliers about offering any additional discounts for this day or maybe at least be able to offer Free Shipping?

If not, you need to HURRY! Planning for these types of days should happen at least a month or more in advance!

You should already have web pages dedicated around these days and have already started advertising for them.

Some sites to promote your deals, you ask?

Here are some great ones to check out;
Black Friday Ads http://bfads.net/

Black Friday @ GottaDeal.com http://blackfriday.gottadeal.com/

Black Friday Info http://www.blackfriday.info/
Creative Commons License photo credit: tinou bao

Starting Your Internet Business Right – New for 2011-2012

Thursday, November 3rd, 2011

newspaper
Great news!!

Our most popular free eBook, that has helped millions of people start their internet business the right way, has just gotten better! From updated resources for 2011 & 2012 to new content including Marketing strategies!

If you are starting an online business or struggling with your current online business, then this eBook is for you! And best of all, it’s FREE!

Get the new copy here! http://www.worldwidebrands.com/wwb/kh_freeebookHOME.asp

Creative Commons License photo credit: kevin dooley

Sourcing Liquidations: The Ups and Downs of Reselling Them

Thursday, October 13th, 2011

boxes
Liquidated products are Customer returns and overstocks at retail stores. These types of products can be an excellent channel for acquiring merchandise at rock-bottom prices. Both provide distinct advantages and drawbacks you should consider when deciding which is right for your eBiz:

Customer Returns
Advantages: These tend to be popular, in-vogue products—they were purchased for a reason. Many were returned only because the size, color, or model was wrong, and are in perfect shape.
Drawbacks: You’ll get a higher rate of items cosmetically damaged or defective. Some didn’t work to begin with. Some the customer broke or defaced.

Overstocks
Advantages: Over 90-95% of overstocks should still be in perfect condition. Many are even in their original packaging.
Drawbacks: There wasn’t enough demand for the original retailer to move these items, even at deeply discounted prices. So it might be more difficult for you to sell them as well.

Many resellers feel these are acceptable risks. When you’re buying product pallets for pennies on the dollar, you’ll likely have plenty room for a solid profit. Plus liquidated products are great for loss leaders in your store.

When selling online, it is best to look at all different channels for getting products, drop shipping, buying in bulk and liquidation. All of these channels together can result in a very profitable business.

So how do you find liquidations? In our Product Sourcing Tool at http://www.worldwidebrands.com we have a liquidaiton section, as well as liqudation auctions that you can view and purchase.

Sometimes you can also locate local warehouses that offer liquidated merchandise by the pallet load from local businesses. A simple search in your Yellow Pages would help you find them.

Creative Commons License photo credit: timsamoff

Your Smartphone – One of the best Tools for your Online Business

Monday, September 12th, 2011

iPhone

You can’t deny that in this world of fast paced information and always on the go, that your cell phone is one of the most valuable pieces of technology that you own. For an online business person, having a Smartphone such as an iPhone, Blackberry, Android (and the list goes on and on), is an even more valuable Tool in your arsenal.

First, phones like these already come equipped with many tools that you can utilize for your online business. Such as the calendar, email, internet & usually a notes section.

On top of the already installed tools you can use, there are thousands upon thousands of apps to choose from to personalize your phone to suit your business needs.

Some of my favorite FREE business apps:
eBay Mobile – This app allows me to shop, view my online auctions, check sales and even create and post listings to sell things! Never miss a question from a prospective buyer & monitor your eBay sales from anywhere.

FedEx Mobile – I can easily manage my shipments on the go with this app. I can track shipments, create shipping labels, find FedEx locations and estimate shipping costs and delivery times.
(other shippers have apps as well. UPS Mobile, USPS Mobile and etc)

Documents Free (Mobile Office Suite) – This great free app allows me to edit and manage spreadsheets and text files. I can also sychronize this with my online Google Documents account to retrieve files on my computer.

CardMunch – Business Card Reader by LinkedIn – Meet a lot of business people or go to a lot of trade shows and get a lot of business cards? Instead of carrying all of those business cards around or entering all of the contacts in one by one, use this app! You “scan” the business card into the app and it then converts it so it will go into your phone contact list. If you don’t want all of those people in your phone contact list, you can save them in the app instead for sorting.

Chase Mobile Banking – I know that not everyone has a Chase bank account, but, this app has to be one of my favorites. This app allows me to view my balances and recent transactions. But my favorite feature is the deposits section. With this app, I can “scan” checks to deposit directly into my bank account. I never have to leave home to deposit checks! Maybe your bank offers an app such as this one!

There are a lot of other great free apps that you can download to your phone to help you with your online business and there are some great paid apps as well. When looking at apps to buy, always check to see if they have a Free “Lite” version first so you can be sure it’s something that you want. If they don’t have a Free version, I usually check out their website or check out what other people have to say before buying and downloading it.

Now for some exciting news!

Worldwide Brands has created a Product Sourcing Tool app for iPhone/iPad/iTouch and the Android! This app will connect with your membership at Worldwide Brands so you can search for wholesale suppliers while out shopping! Or if you are at a trade show, you can check the Market Research on the products before committing to buy. This is a must have for any online retailer that continues to source products for their business. Go HERE to get the app!

Creative Commons License photo credit: William Hook

Worldwide Brands Tool Goes Mobile!

Thursday, June 23rd, 2011

Exciting News!

We have created a Worldwide Brands Product Sourcing Tool app that is compatible with iPhone, iPad, iTouch and the Android! Have the power of the Product Sourcing Tool in the palm of your hand.

Ever find yourself in a store or just out and about and you come across a product that you were interested in selling? Now you can immediatly login to the Worldwide Brands Product Sourcing Tool from your mobile device and check to see if we have any verified, listed wholesalers or drop shippers for that product. Or you can check the Market Research to see if it would be a good product to try to sell in the current online marketplace! No need to carry around a notebook!

Also, this app is connected with your login online! So, what you save on your mobile device in the app will also be available for you when you login to our site and vice versa!

For more information on how to get the app, go HERE.

Worldwide Brands Weekly

Saturday, May 14th, 2011

Worldwide Brands WeeklyWelcome to the fist edition of the Worldwide Brands Weekly — this is a series of posts that will roll out on an ongoing weekly basis and review the content published throughout the week.

This is a series of posts for those with too little time to check out the blog throughout the week. With the Worldwide Brands Weekly, you’ll get an overview of all the content that published throughout the week alongside a brief commentary conveying the basic idea of each post.

If you can’t wait for the weekly wrap up, consider subscribing to the blog via email — it’s free, and you’ll receive the latest content as soon as it’s published!

And as always, please let us know what you think by posting a comment or two and interacting with us on Facebook and Twitter.

Every Product Page Is A Sales Page

If you’re like most retailers online, you might be missing out on sales due to your product pages. While it’s crucial a product page provides the information about the product, it also needs to provide the sales pitch … the reason why the customer needs the product.

Read the full post

Caution: Product Descriptions from Manufacturers Are All Triplicate Content!

One of the most common mistakes online retailers make with their stores has to do with the product descriptions … more specifically, the way they re-purpose the manufacturer’s product description as their own. In terms of search engine optimization and content development, this is called duplicate content … except it’s worse. Product descriptions are plastered across the web in hundreds — maybe even thousands — of places, create a huge red flag for search engines.

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Provide Excellent Customer Service Before the Purchase

Business owners with brick and mortar establishments understand how important it is to provide excellent customer service not only after the purchase, but also before the purchase. This provides the customer the comfort and insight he or she requires before making a purchase from a store. This is especially true online due to the competitive market and trustworthy brands out there with unlimited advertising budgets. In order to compete and claim customers, you need to respect the customer and work hard to win them over.

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Friday the 13th … And What It Means for Your Business

It’s important to think about upcoming holidays and other recognized days when marketing your business, because you can make just about anything into an event. Friday the 13th is a simple example of a day we recognize as a community, and so it’s up to you to attach your brand to the day with a special promotion or offer your community op customers will find compelling.

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Creative Commons License photo credit: ShironekoEuro[off]