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What_Everybody_Should_Know_About_How_to_Find_Wholesale_Suppliers
| What Everybody Should Know... About How to Find Wholesale Suppliers
Finding a supplier for the product you want to sell, at a price
that you can profit from, can be a big task. The best suppliers
for your online sales or auctions do not advertise their
services and often cannot be found online.
Those that you can find online tend to be middle-men. It is
often difficult to get a good enough price to make any real
profit online.
Let me tell you about my simple 2 step system to find an
untapped source for wholesale suppliers. This is so simple that
its often overlooked as a source for product. This system
involves thinking outside the box and not letting policy stop
you.
The First Step to find a supplier is to find someone that
already sells or has access to what you want to sell. This could
be a website, an eBay seller, a manufacturer, a wholesale
outlet, or a regular store in your city. This is the easy step.
You know what you are looking for and you can search on the
internet, not for a wholesale source, but for anyone already
selling what you want to sell.
Another valuable source for a local supplier is your local phone
book. The yellow pages are the best way to find local sources.
This should be the first place you look. Doing business locally
with someone that you can meet face to face is a big plus for
your business.
Another potential source for your product is to find a
distributor who would be willing to private label a product for
you. You could get a very high quality product for a much lower
price than if it had the name brand label.
The Second and Key Step is to convince the source you found to
become your supplier.
Manufacturers and wholesale sources often have minimum orders
that might be beyond your reach if you are just starting out.
Online retailers, eBay merchants, and retail stores may be your
best bet. Try to find a small store who is looking to expand.
But remember, you are dealing with a human being and they can be
convinced to do business with you. Just be sure to sweeten the
deal for them. One way is to offer the person you are dealing
with at your new found source, a percentage of your profits from
the products he supplies you.
Be sure to project it out for him. If he can see the benefit of
working with you even though it causes extra work for him, you
can be successful in making a deal.
You could offer him 20% of the profit from sales of his
products. For example you could show him that you project to
make at least $100 profit from each product, and you expect to
sell 40 of them per month. The $4000 a month means an extra $800
per month in his pocket. You still make a nice $3200 profit for
the month in this example.
On top of that, he will be ordering more products from his
supplier and may be eligible for a higher price break from them.
This way, his reward for the effort to work with you, is making
money on both sides.
There are many benefits you can offer your potential supplier,
but no matter how you look at it, the main thing it comes down
to is MONEY. Whats in it for your potential supplier to do
business with you? If can you show him that, you have a better
chance of making a deal with him and starting your online sales.
NOTE: When looking for suppliers around your city, dont go
trying to impress the big stores with your $800 or even $3,000
extra income per month proposal. Try going to the little stores
that are looking to expand their business, they are the ones
that are usually more open to new opportunities.
The big stores are making hundreds of thousands of dollars per
month in profits, so an extra couple of thousand would probably
not impress them the least bit.
So now you see that by thinking outside the box, you open the
door to many possibilities and increase your ability to make
money online with your products.
About the author:
Copyright Š Melanie Burns
This article is free for reproduction but must be reproducted in
its entirety including live links and this copyright statement.
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