Selling Wholesale Products
Yesterday I talked about looking into some wholesale companies that dop-ship. While these are great options, and I plan on using them; there are other options. One of the other options would be finding a wholesale company that does not drop ship, that only sells ‘pallets’ of product at wholesale prices. Thinks like an entire pallet of books could be as little as 100.00, then you take it apart and sell them individually for profit.
The reason this is a good option is that the prices will generally be lower per item than with the drop ship companies, the downfall however is the money it will take to get started. Between a minimum order amount, shipping, and your costs of packing and listing fees, it can get expensive. If you are wanting to get into this, you may take a look into getting a small business line of credit, it is fairly easy, especially at the link I have above, they offer loans and credit cards and approvals are quick.
Some people shy away from getting a loan for a home business, but at some point it may be required, I recommend before you do anything drastic; like take out a 40,000 loan right now; is to sit down with your family and a notebook and plan your business, research where you can get pallets to sell, how much they are, calculate the cost you will sell them for, listing fees and packing expenses, and add in money for your time investment. What you are working on here is the financial part of a business plan, try to pre plan every aspect, and don’t borrow more than you need.
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Drop shipping is a great option! Especially if you’re just testing the waters and you don’t want to keep a big inventory in your basement or spare bedroom -lol-
Good advice, I have decided to give it a try. So have to keep reading your blog for more info.
Thanks for sharing
Drop shipping is great because it doesn’t require to set-up your own office to conduct your daily business and also if you don’t have any plans of venturing into business for long period of time. However, starting a drop shipping business is somewhat expensive because of the whole shipping process, so one must be very careful in selecting the right business for them.
How do you use dropshipping?
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