Online Wholesalers can provide a massive boost to any online entrepreneur’s profit margins, due to their low cost of operation, incredibly advanced delivery networks, and ability to provide massive amounts of products at an incredibly low cost to buyers. Ideal for many eBay sellers and online marketplace operators, online wholesalers and dropshippers can provide the resources needed for any online business, whether it’s shipping 100 units a month or 10,000. Still, one question typically lingers in any entrepreneur’s mind: where do I start? This article outlines some of the most important starting questions and solutions for any internet entrepreneur.
First, you need a pick a wholesaler that fits your needs. While you may get recommendations from other, or find wholesale contacts through paid lists, it’s of absolutely fundamental important to pick a wholesaler that fits your needs, instead of someone else’s. Consider the amount that your business is shipping, the amount of expansion you may go through in the future, and the cost that you can handle from a wholesaler and make an informed decision that leads to the best possible outcome for you. There’s nothing worse than getting stuck in a deal that doesn’t help you, and in a long term business relationship you need to get yourself on a side that’s receiving value.
If you’re a small business, don’t even bother contacting the big guys. Many online wholesalers will only offer packages in excess of 1000+ units, and that rules them out instantly for smaller online retailers. The only situation where contacting the big wholesalers is necessary is when you’re looking for a recommendation — many of the larger providers will be able to recommend a smaller scale product provider for small retail businesses. Otherwise, it’s best to ask around in various entrepreneurial circles. Your competitors likely won’t help you, but other people that work on the same scale (such as small online business owners) but in a different niche, might be able to point you in the direction of a high quality wholesaler.
If you’re a remote worker, or someone that needs a business unattached to any physical location, you’re best bet is to look at a dropshipping or shipping fulfillment company. With many available, it’s important to research which one can provide the greatest benefits to yourself and your customers. If the majority of your orders come from the United States, then don’t pick a provider that specialises in shipping to the South Pacific, as it will just delay orders and increase prices overall. Always aim for the specialists in your field, and make sure you get a deal that helps yourself and creates positive experiences for your customers.
While finding and developing a relationship with a wholesaler can be difficult, these steps can really ease the process, and make it all a possibility for beginner entrepreneurs. Whether you’re taking your first steps into internet commerce, or taking your thousandth step as an experience entrepreneur, a profitable and remarkable relationship with product suppliers is fundamental to your businesses success.