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Have you spent hours on the internet searching for a viable wholesale source? I did. I spent money on self-professed in-depth Wholesale Supplier directories and membership sites. All a waste of time and money.
So how can you find a real wholesale supplier? A supplier that will give you a fair price which you can actually make a profit from?
What I learned is that the best suppliers for your online sales or auctions do not advertise their services and often cannot be found online. Those 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 it's often overlooked as a source for product. This system involves thinking outside the box and not letting policy stop you.
The First Step to finding 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.
The Second and Key Step is to convince the source you found to become your supplier.
How can you do that? This is wehre you get creative!
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.
The key to remember is that you will be 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. What's 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.
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.
Now all you need to focus on is - How you will sell your products!
Copyright (c) 2005, Melanie Burns -- All Rights Reserved Worldwide.
Melanie Burns has passion and dedication to assisting others to make Your Internet Business a Success! Join the weekly "Abundant Success Online" newsletter, mailto:[email protected]
(Permission to reprint this article in its entirety including byines is expressly granted.)
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