TopConsumerReviews.com
      July 21, 2018

Home  >  Wholesale Dropshippers  >  Articles

Best Wholesale

Dropshippers

  1. Doba
  2. National Dropshippers

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Special Report: eBay Dropship Profits Newsletter

Latest Reviews

Business Cards

Company Incorporation

Credit Repair Companies

Home Warranties

Meal Delivery

Medical Alert Systems

Mobility Scooters

Pet Insurance

Refrigerators

Whiskey Clubs

 

Related Articles

Can You Make Money as a Wholesale Dropshipper?

Common Mistakes Made By Wholesale Dropshippers

How Can You Market a Wholesale Dropshipping Business?

How To Find Wholesale Dropship Suppliers For Your Online Business

How To Start a Wholesale Dropshipping Business

What is Wholesale Dropshipping?

 

Top Consumer Reviews Articles

TopConsumerReviews.com 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.

SA wholesalers sell R160bn worth of goods in May

JOHANNESBURG - South African wholesalers sold over R160-billion worth of goods in May, up slightly from the same time last year. Stats SA data reveals there's been an uptick of 0,5 percent. Fuel and r...

Published:  Thu, 19 Jul 2018 08:26:00 GMT



London luxury housing market bubble bursts: 39% of sales last quarter were to deep discount wholesalers making bulk buys

London's property market continues its implosion, brought on by a combination of tightening capital controls (much of the market exists to help offshore criminals launder their money), Brexit, and a l...

Published:  Thu, 19 Jul 2018 10:18:00 GMT



Why Wine And Spirits Wholesalers Are Speaking Out About Marijuana Legalization

Weed and wine can coexist, it seems. On July 12, the Wine & Spirits Wholesalers of America (WSWA) released a statement asserting their support for a state's right to legalize cannabis. The trade organ...

Published:  Thu, 19 Jul 2018 05:20:00 GMT



Drug wholesalers sue New York over an opioid stewardship program

trade group for pharmaceutical wholesalers filed a lawsuit claiming a New York state law that requires opioid makers and distributors to fund a first-in-the-nation program for covering costs for treat...

Published:  Thu, 12 Jul 2018 11:45:00 GMT



EMERGE App Revolutionises the Way Wholesalers Manage Their Inventory

SINGAPORE, July 12, 2018 /PRNewswire-iReach/ -- EMERGE App is a relatively new inventory management system that was designed to make it easier for small businesses to manage their inventory and softwa...

Published:  Thu, 12 Jul 2018 08:31:00 GMT



Drug Wholesalers Denied Class Cert. In AndroGel Suit

Law360 (July 17, 2018, 9:22 PM EDT) -- A Georgia federal judge on Monday denied a bid by a group of drug wholesalers to win class certification in a suit alleging several pharmaceutical companies cons...

Published:  Tue, 17 Jul 2018 18:29:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure