A Guide to Successful Dropshipping
Many of the products you purchase from large chain stores have been manufactured overseas in China. Big name chains purchase products wholesale from Chinese manufacturers and then sell them to consumers at an inflated rate. When importing wholesale products, you pay a much cheaper price for products that are identical to the ones you would find at your local chain store. By cutting out the middle man and importing wholesale products directly from China yourself, you can save money on a number of products from electronics to jewelry and everything in between.
In order to make a profit, large scale corporations purchase products for a reduced wholesale price and then sell them to consumers at an inflated rate to make up for the overhead associated with running a business. Therefore, the best way to purchase products at a wholesale price that will save you money is by importing them directly from China. You can often purchase items for to 10% to 40% cheaper than retail value depending on the item and the wholesaler. You may need to sign up for an account with a drop ship company to be privy to exclusive wholesale prices. Other wholesalers will sell at a discounted rate to anyone who places an order. The best way to get a lower price is to buy in bulk, as a price break is usually associated. Be sure the wholesaler offers a warranty or money-back guarantee just in case products are damaged during shipping.
Although buying in bulk can reduce the cost of an item, it is an inconvenience to have to order more than you need. Buying in bulk, however, is a good way to purchase cheap wholesale products to sell either online or in a store front. Importing wholesale products and then selling them for a profit is a lucrative business endeavor that requires little overhead or labor on your part. Products can be sold on marketplace sites like eBay, Craigslist and Amazon. They can also be sold on your own company website, out of a storefront, or to local consumers at a flea market or auction house. Some wholesale companies will even work with you to have products branded with your company's logo. This helps your business look bigger and help your products stand out on the market.
Whether you import wholesale products for personal use or to sell online, there are a few things you should know about the process of wholesale importing. It is important to only work with companies that are recommended and are known for producing quality items. You can find information on specific wholesale companies in China online at the Federal International Trade Association's website, which also lists several trusted wholesale companies to work with. Be sure to do your homework on a company before committing to a purchase with them. Only purchase from companies that have up-to-date contact information available to the public. When importing wholesale products to sell online or in a store, be sure to order a sample product first to test for quality before committing to a larger purchase.
Importing wholesale products from China can save you money on the items you use everyday. You can also purchase products in bulk to sell online or in a store front for profit. Stick with only Federal International Trade Association approved wholesalers who have a reputation for quality.