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      July 19, 2019

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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.

Texas Wine and Spirits Wholesalers Employ 6,400 Texans Earning Nearly $588 Million in Wages, New WSWA Data Shows

Industry generates $2.49 billion in Texas state tax revenue each year; wholesalers increased job growth since by nearly 40 percent since 2016 AUSTIN, Texas, July 11, 2019 /PRNewswire/ -- Family ...

Published:  Thu, 11 Jul 2019 12:03:00 GMT



Wine and Spirits Wholesalers in Illinois Employ More than 3,500 Americans Earning $332 million in Wages, New WSWA Data Shows

CHICAGO, July 11, 2019 /PRNewswire/ -- Family-owned wine and spirits wholesalers in Illinois deliver wine and spirits from every corner of the world to local restaurants, bars and stores- and ...

Published:  Thu, 11 Jul 2019 11:56:00 GMT



CannTrust stock plummets as crisis deepens, wholesalers halt shipments

Shares of CannTrust Holdings Inc. dropped to their lowest level since 2017 as a crisis stemming from a Health Canada investigation of illegal cultivation at one of its greenhouses continues to spook ...

Published:  Fri, 12 Jul 2019 07:45:00 GMT



CS retains 35pc duty on imported clothes

Mitumba traders awaiting for supplies from the wholesalers at their stalls in Nakuru's Gikomba market in 2017. [Benadeta Mwaura, Standard] Small traders will continue paying 35 per cent duty on ...

Published:  Mon, 08 Jul 2019 14:00:00 GMT



Croatia's drugs wholesalers limit hospital deliveries as debts rise

ZAGREB (Reuters) - Croatian drug wholesalers have decided to limit deliveries of medicines to some hospitals in a row over mounting debts and urged the government to pay immediately at least half of ...

Published:  Fri, 12 Jul 2019 03:52:00 GMT



Good sales opportunities for German new potatoes in northern France

Henning Bannick, Managing Director of the Bavarian Straubinger Kartoffelhandel, knows there is an interesting market for German wholesalers in France. In the southeast of the state of Bavaria, new ...

Published:  Thu, 18 Jul 2019 05:28:00 GMT



Top 50 Drinks Wholesalers

Once again Harpers brings you its annual list of the UK's leading drinks wholesalers. To be a successful supplier to today's highly professional, quality-driven yet time-pressed on-trade is a ...

Published:  Thu, 11 Jul 2019 02:59:00 GMT



Wine Wholesalers React To The Court's Support of Retailers

Last week's historic decision, affirmed by 7 to 2 by the Supreme Court, has struck down Tennessee's residency requirement for wine and spirits retailers. The decision, written by Judge Alito, found ...

Published:  Sun, 30 Jun 2019 11:01:00 GMT



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