If you’re starting out in the wholesale business and trying to find products to resell you may be wondering what kind of items you can buy at trade prices.
Here are a few of the product sectors that are worth sourcing at wholesale prices and some ideas of popular items.
Electronics are sold throughout the high street and many consumers search for them all year round so if you are starting a wholesale buying business it makes sense to focus on this sector. Consumer electronics include smartphones, MP3 players, laptops, computers, tablet computers, eBook readers, LCD and plasma televisions…the list is endless!
In the electronics market there are a few items that are sought after regularly. Despite competition Apple seems to be the most popular choice when it comes to consumer electronics. One glance on the high street and online will indicate just how popular this brand is – almost every electrical store stocks them. You can source Apple products at wholesale prices including iPads, iPhones, iPods, Macbook Pro, Macbook Air and docking stations. Although Apple products are very popular with consumers, the competition to resell them is high. There are a lot of resellers out there trying to resell Apple products as well as well-known retailers so as demand is high from resellers; naturally, the profit margins aren’t going to be great. The price you can buy these products for at trade price is still below their RRP but with so much competition out there you might struggle to make a healthy return on investment. So if you want to make higher profits in the electronics market you should focus on niche brands and niche products – a quick Google search in the relevant sector will give you an idea of other brands that are selling well. EBook readers are becoming more and more popular so if you can find a wholesaler specialising in these and selling them at good rates they are worth an investment.
Kitchen accessories, if found at the right wholesale price, can definitely help you to make some profit! Blenders, food processors, toasters, kettles and utensils are just a few of the products you can resell in the household items market. Blenders and food processors are worth keeping an eye on. There are a number of brands out there like Blendtec and Magimix that are popular with consumers and can sell for a large figure. Some of the Blendtec blenders have a value of over £1,000 RRP so if you can source these products at trade price (even if you have to buy a job lot) the potential for profit on resale is huge.
Clothing retailers on the high street make a fortune selling the latest styles and trends and you could too. Sourcing clothing stock can change season by season. If you are a reseller looking to make a profit in the summer then investing in the latest summer items is going to bring you the biggest return on investment. A few years ago Havaiana flip flops started making waves with consumers and the press. The trendy rubber flip flop comes in a variety of styles and sizes and many consumers still head online looking for these and similar footwear. But in the winter it’s all about the coats and fashionable biker boots. So if you’re trying to resell clothes it’s a good idea to keep an eye on the seasons and predict consumer movement.
Above are just a few of the markets you can buy wholesale products in and resell them to your customers but you can find products at trade prices from almost any market you can think of! You can source just about anything at wholesale price but the trick is finding the right wholesaler within that market.
Wholesalers can offer a variety of deals on products and you need to make sure you are buying your stock from the most reliable and competitive wholesaler. Advice across this blog will help you to find wholesalers and secure good prices but ultimately it’s about research – find out how much retailers are selling your product for to gain an idea of its market value and then speak to a few wholesale suppliers to gain an average buying price. From here you’re in a good position to source stock and resell it for the highest possible profit margin.