When it comes to setting up a wholesale business there are a quite a few misconceptions on what it takes to succeed and what it takes to make a profit. Below are three misconceptions about becoming a reseller and some ways you can get your business off to a flying start.
One effective way of selling products with little or no storage space is dropshipping. Dropshipping allows you to take orders from customers and deliver them directly to the customer via a dropshipper – so no need for you to store the products. Although a small fee is taken by the dropshipper, selling products like this means you can cut costs on storage space. If you are thinking of introducing dropshipping to your business check out these tips to help you maximise profit.
So, you’ve added dropshipping to your business and you’re ready to start selling. There are a few things to consider first before you dive straight in and it will hopefully help you to run a consistently profitable dropshipping business.
Here at Wholesale Scout we know many wholesalers decide to add dropshipping to their list of services. And why not? Dropshipping allows you to deliver stock directly to your customers’ door without having to worry about storage space and costs.
After sourcing stock from a dropshipping company, some wholesalers use online sites like eBay to sell on the products and to make a profit. If you are planning on going down this route, there are a few things to keep in mind.
Wholesalers have a number of options when sourcing stock and supplying it to customers.
Traditionally, buyers source wholesale suppliers and stock their own goods ready to dispatch. But dropshipping is also an effective way of delivering goods to customers. In this article the team at Wholesale Scout weighs up the pros and cons of both.
Wholesale businesses will often find themselves faced with the question – ‘should I order products from overseas’? And the simple answer is yes.
Dropshipping is a great way of supplying stock to your customers. It can allow you to process orders more quickly and you don’t need to worry about storing the products because they are sent directly to the customer! But there are also a few things to be aware of before you introduce this to your business.
With the internet becoming an integral part of how most businesses operate it can be easy to stick to searching for a wholesale supplier online.
But you shouldn’t ignore offline suppliers that could, potentially, be right under your nose.
We’ve already covered working with reputable dropshipping companies but what about choosing the right company for your business?
It doesn’t happen very often but every now and then you may find yourself dealing with an unreliable company and this can happen if you start offering dropshipping as one of your services.
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