Finding the right products to sell at the right prices can be the most difficult part of starting an online business. Whether you have an online e-commerce website, or are a seller on EBay, it can be difficult to even decide where to start sourcing your products. The problem is there are many companies out there who will sell you products at “wholesale prices” but you will come to find very quickly that 99% of these companies are not real wholesalers, and the fact is you could go on eBay or search the internet right now and buy the products you want for less from a retailer than these so called wholesalers.
In order to save you time and countless headaches, here is a list of things to avoid when sourcing products from China:
DO NOT use search engines to find wholesalers. Real wholesalers are not that easy to find, I know this from plenty of experience. You will waste much of your time searching for wholesalers on search engines only to find that even products that seem to be offered at low prices aren’t going to make you much, if any, money.
DO NOT buy wholesale lists off eBay or e-books claiming to have the ultimate wholesale lists. These aren’t necessarily scams in the traditional sense. You will get a large list of companies, but typically none of them will offer anything close to wholesale, and even worse, you’ll notice some of them are retail stores.
DO NOT Expect to buy one or two products at a time, that’s called retail sales, wholesalers don’t want to waste their time selling to a consumer, they want to sell to businesses and if you are only buying one or two products, they will just think you’re a consumer trying to get products for yourself at wholesale to save a couple dollars. You will never get even close to a wholesale price doing that. Some companies will require thousands of dollars or items per purchase while there are others that will work with smaller businesses with orders under $500.
By following the above “Do Nots”, you can save a lot of time by not wasting it on methods that do not work and save you from an abundance of headaches down the road. So where should you be looking? These involve using REAL wholesale directories, overseas suppliers, and buying direct from the manufacturer.
If you have been in business for a while or are ready to move up to the next level of product sourcing, then it is beneficial to begin sourcing your products directly from the big manufacturers overseas. There are big sites that you will want to use when sourcing products overseas (primarily from China). Some of these companies even supply the big name brands. Large manufacturers in China do and they might even sell a very similar product to multiple major companies and just slap their brand name on it. This is where you get the best prices imaginable.