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      October 23, 2019

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Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Can You Make Money as a Wholesale Dropshipper?

The easy answer to that question is "Yes," "No," "Maybe" and "Who knows?". The words 'knowledge,' 'experience,' 'determination' and 'luck' all have major roles to play, not necessarily in equal measure, and will affect which of the above answers fits your endeavor's situation.

Once again however, 'research' is the star of the show.

At the outset of your proposed venture into online retailing using a wholesale drop shipping supplier, research every retail avenue you can to determine how much other retailers are charging for the product you want to sell in your online retail business. If you find that each retailer has your intended product in the same price range, then you have a good idea of what the market will bear. In response to that situation, you need something other than price point to bring sales to you. Outstanding customer service and product knowledge could fill that role. A price war probably won't, at least not for the long run.

When searching for additional items to expand your original idea, look for a product within your area of expertise which has the greatest potential for profit, as in the ubiquitous "buy low and sell high" advice. This online research will take time, a minimum of several hours per item. Knowledge is money, preferably in your pocket.

When you are choosing products for your online retail business, if you are lucky, you might catch a trend on the upswing and enjoy the ride from a bottom-line standpoint. One of the advantages of using a wholesale drop shipping supplier is, if an item has passed the point of novelty and its sales decline, it is sitting on the shelves of the supplier's warehouse and not in your house nor in your inventory because using a wholesale drop shipper means you haven't previously paid for the item that is no longer selling.

When making calculations of possible profits on a particular item, don't focus on percentages, but rather look to dollar amounts. A wholesale drop shipping supplier may be able to sell you a very pretty cuckoo clock made in China in the Black Forest style for $10 and you could possibly sell it for $20, a 100 percent return on investment. But the dollar figure representing potentially pocketable profit stands at $10 and other costs will come out of that $10, lowering, possibly substantially, what can be recorded as profit. On the other hand, a wholesale drop shipping supplier of more quality goods might be able to sell you a cuckoo clock made in Freiburg, Germany for $500 which you could sell $1,000, more than perhaps your online retail competitor could get, because you have a reputation for knowing cuckoo clocks inside and out. Same profit percentage, 100, but a very different dollar amount.

As an online retailer using a wholesale drop shipping supplier, meaning your customer pays you before you actually buy the item, the risk of offering a low ticket product and a high priced one, is exactly the same, essentially none.

Drug wholesalers, Teva agree to pay $260 million to settle with Cuyahoga and Summit counties over opioids

"The allegations against Walgreens are very different, and Walgreens is completely unlike the wholesalers involved in the national opioid litigation," company spokesman Phil Caruso said. "We never ...

Published:  Mon, 21 Oct 2019 11:06:00 GMT

Florida Pharmaceutical Wholesalers Indicted for Selling Black Market Prescription Drugs to Pharmacies

Two CEOs from South Florida pharmaceutical wholesalers were indicted Friday for buying prescription drugs off the black market and reselling them to legitimate local pharmacies. Prosecutors accused ...

Published:  Fri, 18 Oct 2019 15:55:00 GMT

CEOs accused of trafficking black market drugs through South Florida

Joshua Ryan Joles, CEO of Wholesale Supply LLC, an Arizona-based pharmaceutical wholesaler, and Mohammad Mehdi Salemi, CEO of Puerto Rico-based Wholesalers Group, are accused of trafficking illegally ...

Published:  Mon, 21 Oct 2019 12:11:00 GMT

Miami-based wholesalers are accused of selling black-market prescription drugs to pharmacies

The U.S. Attorney's Office for the Southern District of Florida said it has indicted Joshua Ryan Joles, the chief executive officer of Wholesale Supply LLC, and Mohammad Mehdi Salemi, the chief ...

Published:  Fri, 18 Oct 2019 13:51:00 GMT

Big opioid companies agree to pay $260 million

A separate trial, involving claims by West Virginia municipalities, is scheduled for next year. "The allegations against Walgreens are very different, and Walgreens is completely unlike the ...

Published:  Mon, 21 Oct 2019 10:45:00 GMT

The dangers of LED face masks you should know about

In early July, Neutrogena recalled its Light Therapy Acne mask from wholesalers and retailer stores due to concerns about eye damage. According to the brand, the recall was issued "out of an abundance ...

Published:  Mon, 21 Oct 2019 10:37:00 GMT

Wine and Spirits Wholesalers of Kentucky selects Charles George as new executive director

The Wine & Spirits Wholesalers of Kentucky (WSWK) have announced Charles George is its new executive director, putting his many years of policy experience to work in guiding the organization in ...

Published:  Sat, 12 Oct 2019 21:45:00 GMT

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