Who Are Free Wholesale Dropshippers And How to Find Them?

As a newbie in wholesale business, most of us find the concept of availing the facility of dropshipping most attractive and profitable. It is somewhat true because it does not involve stocking wholesale supplies and managing inventory. Finding a reliable wholesale dropshippers and working with him can bring fortune for any wholesale business. All you need is to set up a portal where buyers can place orders. Note down the orders and ask your dropshipper to handle rest of the task. Free dropshippers are the best option where you can make money out of everywhere without spending a lot.

Free Dropshippers

If you are assuming that free dropshippers are the ones who do not charge you a penny and ship goods on your behalf, for free, then it is wrong. These kinds of dropshippers do not exist in any corner of the world.

A free dropshipper is the one who does not charge wholesalers for utilizing his services. Dropshippers are the linkers and in simple words we can define them as a wholesale courier company. Not all the dropshipping companies are free. They charge their clients in form of monthly or annual fee or charge per transaction which are other than the regular shipping charges. These fees or charges are quite significant amounts that you cannot ignore but these charges are the cost to work with reliable dropshipper.

Free dropshippers give you an opportunity to supply your wholesale products at lower prices as compared to their competitors. At the same time few dropshipping companies come up with the option of further discounts if you are ready to work with them in the long run. Working with a wholesaler in the long run can enhance their repute in the market and increase your profit margins as well. This option is good for both sides. However, it is recommended not to sign the long term contract with them after initial few transactions.

The first way to get a reliable free dropshipper is through reference of wholesalers who are in your sphere. If you are new in this business then it is the best way to get started. The next way is to actively participate in the live wholesale forums where members can answer your questions and guide you properly. The other way is to find free dropshippers through Yellow Pages and online paid directories. Your luck can work any time and you might get some good free wholesale dropshippers.

                       If you find free dropshippers helpful. Tell us in comments section below

How To Tackle Risks In Wholesale Business

Risk can be defined as an uncertainty associated with the exposure or the probability of loss. Rewards and risks always go hand in hand. You see a lot of successful online wholesalers on E-bay and Amazon. What do you think? Have they gained success without bearing any risk or loss? Obviously not! Every business move or activity endures a considerable amount of risk of loss. As in wholesale business large quantities are dealt with, the chances of loss are more. A single blunder in a wholesale business can ruin your entire business and throw you out of the market.

Wholesalers and distributors should know clearly what types of risks are involved in their business and what can be the possible ways to reduce them. Though they cannot eliminate the risks completely yet they can minimize them with effective planning. This article elaborates how different wholesale business risks can be avoided.

Insurance of wholesale products:

There is always a risk that wholesale products may loose their value in warehouse or in transit as a result of wear and tear or may damage due to fire, rain or any other natural disaster. This risk can be reduced by insurance. There can be two types of insurances for wholesale products;

1. Insuring the goods in transit
2. Insuring the goods in warehouse

Though insurance requires constant premium to be paid by the wholesalers yet it is a big shield against any potential loss.

Research your suppliers:

In online wholesale business there is always a risk of choosing fake suppliers or dropshippers. If you place orders with them, you lose your money. They are especially successful in trapping wholesale newbie. There are many examples newbie and their sad experiences with fake suppliers. This risk can only be eliminated with proper research. You should search the internet, talk to the old customers of your suppliers and gather their history before placing your order.

Check credit worthiness of your customers:

As wholesale business deals in large quantities the risk of defaulter is also great. Large quantities have massive profits at stake. The default risk can only be eliminated if you check the credit worthiness of your debtors properly. If your debtor has a bank account you can ask from the bank about the credit worthiness of your customer. Also, you can take advance or a security deposit just in case.

Devise effective marketing strategy:

For wholesalers, there is always a risk of lack of demand. This risk can be avoided by proper market research and proper forecasting of the demand of wholesale products. Also, if wholesalers have procured the wholesale products but their demand does not seem to be good in the market they should create the demand by devising a proper marketing plan. They should use advertising media to bring their produce in the eyes of their potential customers.

Risks are always there in any business. All you have to do is to follow the above guidelines or tips to tackle them.

          If you have any other risk or strategy in your mind share with us in comments below.

Best Products To Maximize Profits In Wholesale Business

Being wholesale business entrepreneurship is a great idea and because it is one of those businesses which generate high profits. In order to further maximize your profits in wholesale business you need to scout for the best products. Hunting for the best products generates huge profits as good products with high demand attract more customers. Dealing in good quality items matters a lot since at the end of the day, a wholesale business can only last if it delivers quality products.

If you, as wholesaler, adopt good marketing techniques or make your operations fast but offer low quality products then it will be very difficult for you to survive as honest and reputable wholesalers. You would not get returning customers and ultimately the suppliers and dealers will realize that dealing with you not a profitable deal. Wholesale business is all about getting permanent customers as they are the backbone of any wholesale business.

To get permanent customers, wholesalers need to scout for the best products. Here we can categorize the best products in two types. Firstly select the products which are popular in market like clothing and accessories, electronic products, bags and jewellery items etc. These are products which are highly popular in the market as they are everyday usage things. Always deal in products which are much in demand in market as otherwise the boring products will not sell out fast and rot in your inventories.

Secondly, best products can also be characterized in terms of their quality. In market there are certain levels of quality and the rates are set accordingly. Whatever niche you are dealing in, always get products which are high in quality. Low quality wholesale products might get sold in the beginning but as soon as the customers realize that the products provided by you is of low quality, they will stop buying and will also notify others not to buy from you. In the end you will be empty handed and your wholesale business will turn out to be a complete failure.

So, in order to prevent your business from ending up in a failure you should always scout for the best products. You as a wholesaler would also need to be cautious as some distributors and manufacturers also try to entice by offering special discounts in order to sell their low quality of products. Always have qualified quality assurance officers in your office and give a complete check to the supply before making any kind of payment. It is guaranteed that good quality of products will earn good name for you.

So do you agree with us? add your reviews in comment section below

Trade White Paper and UK Economy

As the world recovers from global economic crisis, trade and investment has become a central thing to regenerate strong and stable economy of the UK as well as in the rest of Europe. The British government is striding hard not only to ensure full economic recovery but also to become the world’s leading economy. In order to do so, the UK government has set out some new rules and policies which are expected to enhance the Britain’s trade exposure. This new policy is called Trade White Paper, the main focus of which is to enhance the support of small and medium-sized enterprises.

The Trade White Paper proposes to give extra support to exporters, new trade finance and insurance products. The policy will be launched to ensure that the UK wholesale suppliers, exporters, manufacturers and wholesalers compete well against their competitors, not just in their local markets but also in overseas markets. The proposal also advocates that regulatory environment should be improved with the European partners while reducing accounting and audit requirements. So, according to the proposal hailed by the Prime Minister that the British Government’s trade policy must act on a certain number of levels which are discussed below.

• Best domestic environment must be created in order to support the competitive business and make Britain an attractive place for foreign investment. It is also important to create business opportunities in the UK wholesale market for developing countries, while removing all kinds of hurdles and barriers from the path of effective import and export. Maintaining good working relations with EU, WTO and G20 in order to foster trade and investment and to overcome specific market challenges. Also promotion of low carbon transition and resource efficiency for technological innovation has been proposed for the betterment of the UK economy.

• Special attention to be paid on trade with foreign countries like securing significant contracts with the US in public private-partnerships and high speed rail transits. Initiate negotiations on a comprehensive EU-Japan free-trade agreement while completing the EU-Canada economic and trade agreement during 2011. Also orders of ensuring free-trade agreement with ASEAN countries are given.

• Work closely on trade and investment with countries like Singapore, Switzerland, Australia, Brazil and New Zealand while also supporting the UK wholesale trade within these countries. Encourage stronger partnership with Israeli companies to excel in high technology and science. Give full support to the delivery of agreed bilateral trade targets with India, China, Turkey and South Africa. As China is the biggest contributor of the world’s economy so encouraging greater Chinese investment in the UK and urging China to join Global Procurement Agreement can be a good step towards the stabilization of UK economy.

• Build opportunities like London and Rio Olympic and Paralympics for the year 2012 and 2016. Generate aids for Conflict-affected, war-torn and fragile states. Last but not least, structuring a general law to protect intellectual property rights of business entrepreneurs across the world was also proposed.

According to the UK government this Trade White Paper policy will surely give a boost to the UK economy in the short term as well as in the long term. More precise implementations will be devised in the UK’s 2011 budget.

                  Tell us in comment section is it going to happen? What do you think?

Some Guidelines For Online Shoppers Of Wholesale Products

 

Online shopping is quickly becoming a prevalent mode of shopping for various reasons. It is fast, convenient, offers the consumer more choices and most importantly, it is economical. Buying wholesale merchandise online is less expensive, especially if you can find and directly buy from the manufacturers. However online shopping is still considered a relatively risky medium, in particular for people who are not well versant with the ins and outs of the trade. Following are some guidelines for online shoppers of wholesale products to make sure that they are dealing with a trusted and reliable wholesaler or supplier.
Almost all of dependable ecommerce websites have SSL certificates. Therefore, the first thing that you should check is the URL of the webpage, where you are about to enter your personal information. It should start with https (Hypertext Transfer Protocol Secure) and not just http. Always try to purchase wholesale products from a reputed and well known supplier or manufacturer, even if you’ve to pay a little more.
Nowadays many offline manufacturers and suppliers have their online portals in place, buying wholesale products from these wholesalers is relatively safer than buying from companies that exist only in cyber world. Always be on guard when buying from a website for the first time, especially if the website is selling wholesale products at unbelievably low prices. Avoid websites that doesn’t have a physical address and phone number. Remember that if they are not traceable, they are most likely frauds. Try to buy from businesses which are located in the same state or country.
A typical eCommerce website is updated on regular basis; make sure the product images and prices are current. Read the terms and conditions carefully, especially the company’s policies regarding refunds, shipping and liability. Seek answers for the questions like, who will bear the cost of shipping for the wholesale products (especially if you have to return the product) or what percentage of the paid amount is refundable? Most websites have a separate section for such queries (FAQ), if you’re not finding the sufficient answers to your queries, do not hesitate to call and ask the merchant directly. Shipping costs or refund policies can make a lot of difference; therefore do not decide on the basis of price alone.
Take a look at the company’s privacy policy and make sure your private information will be collected and stored in a secure way. Credit cards are considered to be the safest method of making online payments (though they are not totally risk-free). Make sure, you are not providing unnecessary information (like social security number). Be extra careful when following and using a link from your email. Following all these guidelines an online shopper of wholesale products can avoid a lot of risks and uncertainties.

Useful Tips To Acquiring Cheap Wholesale Products

In order to build a successful large retail or ecommerce business, it is recommended to get right products at right prices. For traders & dealers, right products stands for the products that are in demand and right price means nominal price of supplies. All retailers and wholesalers of any country dealing in any kind of product are concerned with steady and regular procurement of products at cheap rates that can earn maximum profit for them. Buying wholesale products at cheap rates is the most important aspect of any successful business to earn reasonable profit. That is why, it is important to find the best sources of wholesale products in which you are dealing.

There are many tips to buy cheap products and few of them are described as follows:

1. If a wholesaler deals in such products on which trends and seasons do not affect then he must buy last season’s wholesale products. These products are relatively cheaper and will be good on customers’ wallets as well. In this way, he can make good profit.

2. There are plenty of ways to get cheap wholesale products and one such reliable source is trade show. There are various trade shows catering different types of wholesale products and almost every industry. For example, if you deal in electronic, furniture or bags, just look around and you will surely get a clue of the trade show you were looking for. You can get wholesale products on cheaper rates from these trade shows easily.

3. Third tip of getting wholesale products in low price is to search useful products available at discount rates. The selection of discounted products is really important because the ultimate purpose is to sell products ahead. If the products are cheap and also of low quality then complete lots of wholesale products will be wasted and can’t earn profit. Carefully select products and make sure there will be no major defects in products manufacturing or in the outlook. Useful products that are bought on discount will be good opportunity for you to earn profit.

4. A dropshipper or a wholesaler can be a good option to get cheap wholesale products for your retail business. This is so because majority of wholesalers or dropshippers do not work on minimum order required and you will also not have to deal with shipping charges. That is why it is a better option for you to get cheap wholesale products from these reliable sources especially if you are a starter.

5. Always keep an eye on the closeout deals of local stores as they can also have some great deals for you. Few manufacturers have established liquidation stores where they give overstock, last season or slightly damaged products. They also arrange sales on end line of their products so it is possible that you can find several good products at low rates. There are always good discounts and different deals available on these products. Therefore it can be another good option for you to get cheap wholesale products.

If you want to be a successful trader, do consider these tips and start making money by selling cheap wholesale products ahead at nominal rates.

How opening a retail outlet can help wholesalers

Opening a retail outlet of wholesale business is in every way helpful and beneficial. Any person without prior knowledge of supply chain management finds it difficult to open and run the retail store. While on other hand a wholesaler who is a veteran in supply chain management techniques, when opens a retail outlet it is quite easy for him to run the retail store. Some of the major benefits for wholesalers in opening retail out are discussed below.

Manufacturers, distributors, wholesalers, retailers, etc all are links in supply chain and all holds important position. They all work independently on their positions and generate profit for themselves.  If one link is removed then the supply chain becomes incomplete and disturbs the whole B2B dealings. In other case if two links merge themselves together then result will be opposite. In simple words it means that if wholesaler merges it self into retailer then the wholesaler would generate unprecedented profits while delivering the products to end-consumer in less prices and the whole supply chain circle will be completed sooner then the later.

As talked earlier that wholesaler and retailer are two separate entities; if a wholesaler merge itself into retailer then he will not have to bear the hassles of old inventory as he will transfer it on retail shop and when a product reaches at retail outlet it is sold out quickly.  Wholesalers will also have to bear less transportation costs as they will be able to save a lot of money. The biggest benefit is that a middle-man (retailer) will be removed as the wholesaler will buy product from manufacturer at low bulk rates and will directly sell out the products on his retail outlet at low prices.

Wholesalers can also boost up their sales by providing discount offers to end consumers. They can do it easily as they have quite large profit margin. This discount offer on retail outlet will also help them a lot in inventory management and they will buy more products from manufacturer, making their supply chain circle to complete in less time.

Another benefit is that the wholesalers will have no tension of credit payments to be received from retailers. Many retailers delay the payments which put wholesaler in a difficult position as his capital money is blocked and he become unable to purchase new products. When wholesaler also becomes a retailer then there is no hassle and tension of credit payments. In nutshell it can be said that opening a retail outlet greatly benefits wholesaler in every way as he produces more profit and on other hand his expenditures becomes less due to less marketing and other extra costs. 

Some guidelines for online shoppers of wholesale products

Online shopping is quickly becoming a prevalent mode of shopping for various reasons. It is fast, convenient, offers the consumer more choices and most importantly, it is economical. Buying wholesale merchandise online is less expensive, especially if you can find and directly buy from the manufacturers. However online shopping is still considered a relatively risky medium, in particular for people who are not well versant with the ins and outs of the trade. Following are some guidelines for online shoppers of wholesale products to make sure that they are dealing with a trusted and reliable wholesaler or supplier.

Almost all of dependable ecommerce websites have SSL certificates. Therefore, the first thing that you should check is the URL of the webpage, where you are about to enter your personal information. It should start with https (Hypertext Transfer Protocol Secure) and not just http. Always try to purchase wholesale products from a reputed and well known supplier or manufacturer, even if you’ve to pay a little more.

Nowadays many offline manufacturers and suppliers have their online portals in place, buying wholesale products from these wholesalers is relatively safer than buying from companies that exist only in cyber world. Always be on guard when buying from a website for the first time, especially if the website is selling wholesale products at unbelievably low prices. Avoid websites that doesn’t have a physical address and phone number. Remember that if they are not traceable, they are most likely frauds. Try to buy from businesses which are located in the same state or country.

A typical eCommerce website is updated on regular basis; make sure the product images and prices are current. Read the terms and conditions carefully, especially the company’s policies regarding refunds, shipping and liability. Seek answers for the questions like, who will bear the cost of shipping for the wholesale products (especially if you have to return the product) or what percentage of the paid amount is refundable? Most websites have a separate section for such queries (FAQ), if you’re not finding the sufficient answers to your queries, do not hesitate to call and ask the merchant directly. Shipping costs or refund policies can make a lot of difference; therefore do not decide on the basis of price alone.

Take a look at the company’s privacy policy and make sure your private information will be collected and stored in a secure way. Credit cards are considered to be the safest method of making online payments (though they are not totally risk-free). Make sure, you are not providing unnecessary information (like social security number). Be extra careful when following and using a link from your email. Following all these guidelines an online shopper of wholesale products can avoid a lot of risks and uncertainties.

Useful tips to acquiring cheap wholesale products

In order to build a successful large retail or ecommerce business, it is recommended to get right products at right prices. For traders & dealers, right products stands for the products that are in demand and right price means nominal price of supplies. All retailers and wholesalers of any country dealing in any kind of product are concerned with steady and regular procurement of products at cheap rates that can earn maximum profit for them. Buying wholesale products at cheap rates is the most important aspect of any successful business to earn reasonable profit. That is why, it is important to find the best sources of wholesale products in which you are dealing.

There are many tips to buy cheap products and few of them are described as follows:

1. If a wholesaler deals in such products on which trends and seasons do not affect then he must buy last season’s wholesale products. These products are relatively cheaper and will be good on customers’ wallets as well. In this way, he can make good profit.

2. There are plenty of ways to get cheap wholesale products and one such reliable source is trade show. There are various trade shows catering different types of wholesale products and almost every industry. For example, if you deal in electronic, furniture or bags, just look around and you will surely get a clue of the trade show you were looking for. You can get wholesale products on cheaper rates from these trade shows easily.

3. Third tip of getting wholesale products in low price is to search useful products available at discount rates. The selection of discounted products is really important because the ultimate purpose is to sell products ahead. If the products are cheap and also of low quality then complete lots of wholesale products will be wasted and can’t earn profit. Carefully select products and make sure there will be no major defects in products manufacturing or in the outlook. Useful products that are bought on discount will be good opportunity for you to earn profit.

4. A dropshipper or a wholesaler can be a good option to get cheap wholesale products for your retail business. This is so because majority of wholesalers or dropshippers do not work on minimum order required and you will also not have to deal with shipping charges. That is why it is a better option for you to get cheap wholesale products from these reliable sources especially if you are a starter.

5. Always keep an eye on the closeout deals of local stores as they can also have some great deals for you. Few manufacturers have established liquidation stores where they give overstock, last season or slightly damaged products. They also arrange sales on end line of their products so it is possible that you can find several good products at low rates. There are always good discounts and different deals available on these products. Therefore it can be another good option for you to get cheap wholesale products.

If you want to be a successful trader, do consider these tips and start making money by selling cheap wholesale products ahead at nominal rates.