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3 Reasons Why You Can Benefit When Buying Wholesale From China

admin — Thu, 26 Nov 2009 07:08:21 +0000

Anybody who already has a business or anyone who is still planning to start a business can certainly benefit by purchasing products or supplies for their business through wholesalers. Purchasing wholesale from China is a great and practical idea because wholesalers in China have much to offer businesses today. A business is able to make more money from wholesale products because it is cheaper to purchase compared to retail buying. Here are 3 reasons why you can benefit through wholesale:

Avoid the middleman – This means that you can save a great deal of money in your purchase because you buy your products directly from the supplier. Without the middleman, you have the advantage of buying the products at their original price. For instance, you want to purchase cell phones, digital cameras, and other cool gadgets for your ongoing business or to start a business of your own, there are a lot of wholesalers from China that offer varieties of these kinds of products.
Factory direct price – Just like what I’ve said above, buying wholesale products means that you go directly to the supplier and have the advantage of purchasing their products in their original price. This will be good for your business because you purchase your products at a very low cost and you can sell them at their market price and this means more income for your business.
Advertised price can be always negotiated – Wholesale dealers offer prices that are negotiable. Meaning that wholesalers can give you a better price depending on the quantity of your purchase. Even though wholesalers don’t make a lot of money through retail they still can significantly profit by wholesaling because they sell a lot of items this way.

There are a lot of wonderful benefits in purchasing wholesale products which would be great for business. These benefits will give you a lower start up cost for your business and give you more income in the long run. For example, if you are in the technology and gadget business, you can take advantage of wholesale from China because they offer low prices on their wholesale technology items and is negotiable as well. With wholesale, there is no other way your business is going but up.

Save Your Business Money and Buy Wholesale From China

admin — Thu, 22 Oct 2009 01:40:49 +0000

Business owners all know how important saving money is. This means paying attention to what money is spent on in terms of employees. But it also means making sure that the stocks you buy are of the very best value. Sure, it may be tempting to go for a wholesale seller who is close by just for the sake of convenience. However, this doesn’t alway make the best financial sense. If you want to save your business money you should buy wholesale from China.

Buying stock from Chinese companies couldn’t be easier thanks to the Internet. It is now possible to search the different companies online who can provide you and your business with top-quality stock.

Similarly ordering wholesale stock from China is also a breeze. In fact the majority of wholesale companies will have their own websites which have catalogues of their available merchandise on them. Spend a little time on such a website and you will soon find something to meet your needs.

Another advantage of buying products wholesale from China is that when you buy in bulk the cost is much lower. Even the cost of shipping when added on to the cost of the products does not push the cost up too much.

Now thanks to quick dispatch times it is possible to order wholesale products from China and have them delivered in less than one week. This kind of timescale is fantastic if you want your products delivered quickly so that you can put them on the market.

So if you are a business that needs to order large quantities of stock think about buying wholesale from China. It is not only quick and easy, it could stand to save your business a substantial amount of money. So can you afford not to use this option?

Ways to Maximize Your Drop Shipping Profit Margins

admin — Sat, 22 Aug 2009 03:39:47 +0000

Drop shipping products to online customers can be more tricky than it sounds. While it is a great way to start retailing products without a large upfront investment of cash, it also requires you to coordinate overseas shipping and maintain a good seller rating on e-commerce websites. As drop shipping becomes more popular, profit margins are growing slimmer. Those looking to make money retailing China Wholesale goods need to find ways to distinguish themselves from the competition. Below are some tips to maximize your drop shipping profit margins.

Sell a unique product! This may seem obvious, but it is still common to see pages and pages of auctions on eBay selling the exact same mobile phone. For some cell phone models there are virtually no profits to be made for entry-level drop shippers, simply because the price has been driven down so low. Don’t sell these types of products! If you are just starting out, you will never be able to compete with the bulk prices of power sellers. It is better to do the research first to find out which products are in short supply. This will allow you to mark up the price on that product, netting yourself a nice profit. You can easily do research on eBay to see the number of sellers currently offering a certain product. However, this can be overwhelming given the multitude of products available on eBay. Another way to find products that may be in high demand is to check SaleHoo’s Research and Analysis Lab. This site allows you to see the potential success rate of selling specific products. In addition, it will suggest related niches that might be profitable, and recommend e-commerce sites that have a limited supply of certain items.

Double-check your supplier’s stock. Back orders can kill a sellers feedback rating faster than a scam artist hacking your account. This occurs when you sell an item online that your supplier does not currently have in stock. If you are drop shipping exclusively (and have no stock yourself), this can seriously delay delivery of the product that your buyer is expecting. Don’t let this happen to you! Make sure to check ahead of time to ensure that your auction items are currently in stock, and have a backup supplier just in case. This will allow you to complete orders in a timely manner, resulting in a high feedback rating, more buyers, and more profit.

Take advantage of all the e-commerce options. Apart from eBay, there are plenty of other sites available to sell goods online. Amazon, Craigslist, and Bonanzle are all viable competitors to eBay, and you may find that some products auction for very different prices depending on the site. Some items that are in constant supply on one site may be rare on another. Finding which products are most scarce on each website will allow you to maximize your drop shipping profit margin.

Warranty on Chinese Imports?

admin — Sun, 02 Aug 2009 04:49:08 +0000

Anyone who has considered retailing products imported from China has considered this dilemma: what happens when I sell my customer a faulty imported product? Who covers the warranty? All options have clear drawbacks. If you are working with a reliable Chinese wholesaler, they may have a warranty on exported products. Assuming that the company will honor this warranty, this option still involves a lot of shipping costs and turnaround time. If you insure your own products, you will undoubtedly take a hit every now and then through no fault of your own. If you choose not to offer a warranty on your products, you are likely to have a growing number of angry customers, which isn’t good for business. Fortunately, there is another solution available.

A company called Squaretrade has offers 3rd party warranties on Chinese imports. Started in 1999, Squaretrade claims to charge a warranty fee that is 40% lower than most retailers. What they offer is a CarePlus plan that allows you to choose the length of your warranty period (depending on the product, from 1-4 years). They boast a 5 day service guarantee, and will pay the buyer full price if the item cannot be repaired. However, they are very specific about what is not covered. This list includes product failures within the first 60 days, accidental damage, accessories and consumer replaceable parts, software, and “certain types of items.”

While they have certainly covered themselves (especially with that last exclusion), this is a viable option. It does add an additional cost of time and money for your customers, as they have to sign up for the CarePlus program and pay the warranty fee. However, the increased security may increase your sales, as customers should feel more secure about their Chinese electronics. Squaretrade also shares up to 40% of profits made on warranty sales with sellers, so you earn every time your customers buy this warranty.

5 Useful Tips When Importing Wholesale From China

admin — Tue, 28 Jul 2009 05:52:23 +0000

Retailing Chinese manufactured goods is an increasingly popular entrepreneurial enterprise. There are tons of goods available at rock bottom prices, all easily purchased online for only slightly more than the cost of production. Those willing to put the time in can make good money buying goods from Chinese wholesale manufacturers, and retailing them back home. Sounds easy, right? Buy cheap from China, sell it for more back home. However, there are a number of important things to keep in mind in this business.

1. Shop Around

There is a world of options out there. You can buy just about any product you can imagine from China wholesale manufacturers, and there are billions of manufacturers to choose from. Choose your goods wisely. You are much more likely to profit if you do some Internet research before choosing which goods to retail. This can take a fair amount of time, given the available options. But it is worth it to find profit margins. Not every product will be much more expensive back home, some may even be cheaper. Shop around a bit and see which goods are most likely to retail for higher prices than those charged by wholesalers in China. You should also choose your wholesaler wisely.

2. Dropshipping Service

It is extremely beneficial to find a wholesaler that offers a dropship service. Wholesale dropshippers will ship products to your customers at no extra cost. Just submit the shipping information to your wholesaler and they will ship the product directly to your customer, saving you time, money, and risk. No need to buy goods in advance and store them, no need to pay shipping fees twice. For anyone looking to make a profit retailing China wholesale products, dropshipping is a very important element.

3. Shipping time

While dropshipping greatly speeds up the process of shipping goods to your clients, some companies ship faster than others. Compare your options, looking particularly at the length of time after which the wholesaler guarantees to have shipped your order. Additionally, you should check to see if their user feedback reflects that they adhere to this guarantee. A final step would be to order a couple of products in advance, giving you first hand information about the time it takes for your customers to receive their products, and the quality of goods and packaging.

4. Return Policy

You, and your customers, will want your money back if you purchase faulty merchandise. Any legitimate wholesaler with confidence in the products they sell will have a return policy. A 6 month – 1 year return policy is pretty standard, and it’s a good idea to make sure your wholesaler has one. Once again, the most useful information in this area comes from consumers that have worked with this company in the past.

5. Don’t get scammed

Make sure that the wholesaler you choose is legitimate. Don’t be fooled by a professional looking website that simply claims to be a wholesaler. There are myriad of scam artists out there, so do your research. The company should not ask for any “membership fee” upfront in order to do business with them. Furthermore, make sure you shop around to ensure you are actually getting a wholesale price. Many companies that claim to be wholesalers charge much higher prices than the manufacturer (making them a retailer). Once you feel confident that you are getting a wholesale price for the goods you wish to sell, read up on what other users have said about working with this company.