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Learn the Secrets of How to Start a Successful Wholesale Business
Learn the secrets of one of the oldest and most profitable business in the world, Wholesale Business. It has been in place since the start of civilization. It is responsible for creating wealth and a new class, the rich class. This class created wealth and did not inherited it from kings or queens. How did they do it? Using trade, finding products, and wholesaling them.
Now most business trade in some way or another, they trade products, services, something. Now it is easier then ever before to trade products, we have many more sales and distribution channels than ever before, we have many new tools to our disposal and information is easy to get and to transfer.
These days you can use the internet, drop shipping, telephone, email, bank wire transfers and many other resources to expedite business transactions and make it much more interesting for wholesale businesses.
There are many types of businesses you can start, run, or grow. No matter where you are in your venture, a very small home business or a super large transnational corporation. You will have a host of information to your disposal including articles, best practices, ebooks, lists of suppliers and how to guides.
Now you don't even have to buy and sell products. Anyone can become a broker and just sell products without providing any start-up capital or investment. This works for selling to distributors, consumers, retailers, anyone.
Are you in business now or just starting a wholesale business? What type of business will you start? Type of goods you can source, distribute and the retail channels you will use? How much money do other individuals or companies make? How can you start? These are all questions you should be asking yourself when exploring your venture. They are the most basic questions. Don't just think of buying something and selling it. Learn about your products, where they are sold, who sells them, are they name brands? What are the prices for all channels? Who are the players in the industry?
When looking for products make sure you always thing 'best sellers-. If you are starting don't experiment or try to invent new products. It is best to start with proven best selling products, this way you don't have to take chances. Best sellers are money in the bank.
The type of ventures you can find or start will include:
You should also learn about the different sales channels where you can send your products. Here are just some examples of sales and distribution channels you can use to sell your products. Each channel represents a sales opportunity, these will include:
-eBay -Selling to Supermarkets
-Selling to Convenience Stores
-Exporting to Mexico, Asia, Europe, etc.
-Selling to distributors and wholesalers
-Cash and Carry Stores
-Door to Door at retail prices
Where you sell the products will depend greatly on the product and also on the pricing you have. If you deal directly with the manufacturer you can probably get great the best pricing available to anyone and sell to any channel you want including other large distributors. if you are buying the products from second or third parties your prices will not be very competitive.
It really does not change if you are a distributor, importer, drop shipper or any other wholesale business. You have to try to work directly or as close to the manufacturer or brand owner as you can, or better, you can be the brand owner and sell your own products. That's the best business of them all.
You can also find many type products including electronics, software, clothing, jewelry, and sports equipment, house furniture, that you can promote trade and sell.
We will cover consumer product marketing at another time. For now we'll stick to the basics of the industry. Distribution is first but you will also have to remember getting the product on the shelves is one thing, selling it out the shelves is another.
Jorge Olson is a Wholesale Business guru teaching marketing, sales, distribution and Wholesale Products [http://www.wholesale-distribution-business.com/wholesale-products.html] development to small and large companies in the USA and in Mexico
Article Source: http://EzineArticles.com/1128579
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