Finding wholesale suppliers can be tough. There are so many around on the internet that sometimes it can be difficult to tell a real, legitimate wholesaler apart from the rest. But it’s something you need to spend a lot of time on if you want to create a successful reselling business. Your relationship with your wholesale suppliers (and working with reliable suppliers) is the biggest factor in helping you to create a profitable business.
Once you have a good relationship with trusted suppliers you’ll be able to secure stock successfully at hopefully a low trade price and resell your goods for a healthy profit margin.
But finding these suppliers can take time which is why many resellers look to wholesale directories or wholesale lists to help them find the information they are looking for. If you have never used a directory before it’s basically a website full of wholesale supplier contact information (most directories charge a fee to access this) and most of these sites also have information and advice on wholesale buying so they can be a valuable resource.
And some are very popular with resellers as they can help to make a reselling business more efficient. Here are a few reasons why using a wholesale sourcing service can be beneficial:
One of the main reasons using a wholesale sourcing service is so effective is because it saves so much time. The internet is a big place – which means there are potentially thousands of wholesale suppliers online all offering the same thing; products at trade prices. But finding a wholesale supplier that can deliver on both price and stock can be tough and it’s even more difficult to find a wholesale supplier that specialises in the products you want to source. If you are searching independently it could take you hours or sometimes days to search on Google and to find the information you need and by that time your opportunity to resell the goods could have gone out of the window. If you are trying to jump on a product trend or trying to resell goods during a particular season, time is of the essence. The more time you spend searching for a wholesale supplier the less time you have to resell and make money. Wholesale directories have supplier information, contact information and product information all in one place so it makes safe sourcing a lot easier.
Because of the amount of fake suppliers out there, it can be tough to know which suppliers you can count on. Wholesale directories can be beneficial in helping you to find reliable wholesalers because (if you are using a good wholesale directory) they would have done background checks on their suppliers already. You can always check a supplier’s reliability yourself though – once you find a supplier you can check for simple things like whether they accept credit card or Paypal for payments and you can do your own internet research to check their credentials. A look online for their business licence number, phone number and reviews will determine whether you should approach them for products. But if you are using a wholesale directory the most difficult part of this research (the wholesaler name and contact information) is already over.
Find Specific Suppliers
If you are looking for a particular supplier of a certain product then one of the easiest ways to do this is to use a wholesale directory. Some can carry out bespoke searches on your behalf which is something that you wouldn’t be able to do without a wholesale sourcing service. Let’s imagine you want to find a Canon Powershot camera at trade price. Researching on the internet will throw up too much information to go through including a variety of makes and models, online retailers and a variety of prices. But if you use a directory you can ask the directory team to source the specific make and model. They can usually come back to you with wholesaler information, price information and can even find out if some wholesalers are offering pallet deals. So a lot more efficient than if you tried to track down a product yourself!
The wholesale buying market can be confusing especially if you are new to it. There’s a lot to take in – sourcing wholesale suppliers, reselling online, setting up an eCommerce website, dropshipping, payment carts, wholesale pallets and trading at a market are just a few of the topics that new resellers can be faced with. And it can be pretty daunting. Wholesale directories can help as most are littered with advice articles and videos on the entire wholesale buying process. So as well as finding wholesalers, you could find the advice you need for your next purchase.
Whilst there are certainly a lot of advantages to using directories you need to do your homework before you sign up to one. Just like when researching a wholesaler you should do some research on a directory – find out how many suppliers they have on file, if they have supplier information from around the world and find out any fees.
We recommend using Wholesale Scout. The directory has been around for years (when looking for directories you should always choose one that has been in business for over two years) and the site has an extensive list of wholesale suppliers. The directory has a good product choice too – you can find almost anything at trade price on the Wholesale Scout website from clothing and household items to electronics and sporting equipment. But if you can’t find what you are looking for the team also offer a bespoke search service – where they can take on a product search on your behalf and find you specific wholesaler details. The directory also has a good mix of suppliers from both the UK and Ireland and also has suppliers from around the world. There are other similar services out there and you should pick the directory that suits your needs. Just ensure you do your research before you approach a directory or a supplier and you should be able to start boosting your profit. Happy wholesale buying!