Beverage Wholesale Tips 1. Research the Market to Boost your Success and Profits
Thorough market research Boost your chances of making a profit from the wholesale goods you buy.
Start off with a list of 5 or more Beverage products to sell. Then get on eBay and see what other similar products are being sold and what their sells look like. You want to make sure you are selling beverages that people want. There are so many beverages out in the market that benefit your health that are not available in retail stores. This is your chance to make some really good money if you find the right products.
Use Google and other websites to find out how many people are searching for your type of product. If you are selling a particular beverage, you want to know the particular keywords people are typing in to find your type of product.
You want to optimize your keywords so your product has a great chance of being found. You can have the greatest product and deal and if nobody can find it, your pockets will stay empty.
Beverage Wholesale Tips 2. What is the real cost of your Beverage?
The number One reason people fail at the wholesale game is that they don't do the numbers. In other words, they don't treat wholesale like a real business.
To accurately discover your true profit potential on an item, you need to add the shipping cost and insurance, eBay fees (or equivalent for other advertising), Paypal and/or credit card fees, packaging costs and labor involved packaging, and any storage costs to the cost of your item.
Wholesale Tips# 3. Investigate all Suppliers you find on the Internet
There are so many unethical people out on the internet trying to get rich quick off of your desire to make money.
When trying to make money selling wholesale products, there are so many entrepreneurs that get abused by these con-artists.
If you are searching for wholesalers on the internet it is CRITICAL to check authenticity before making a purchase. I recommend that you use a site that has a community of people like yourself that can direct you to the right wholesalers.
Make sure you:
* Check that the website gives a full business name and a registration number.
* Check for a legitimate telephone number. You will need to dial the number on the site and make sure you speak to a real person. All legitimate companies should have a land line number.
* Go to http://www.whois.sc/ and search for the name of the website. A legitimate company will have a domain expiration date in several years time.
* AVOID suppliers who won't agree to use secure payment methods such as Escrow.com, Credit Card and PayPal Verified.
* Visit Forums of resellers and ask them if they have had any experience with the wholesaler you are interested in using.
* Ask the wholesaler for references.
Wholesale Tips# 4. Chinese suppliers can be a great source
If you truly want to make Big Money online then Chinese suppliers are an essential source.
Manufacturing costs are currently very low in China, which allow you to get some really good deals from Chinese Manufacturers. Wal-Mart gets the majority of all their products from China.
There are certain risks you face when dealing with any international wholesaler. You can reduce your risk by placing a small order and use a secure payment method.
Also get shipping insurance for 110% of the cost of the items
Wholesale Tips# 5. Liquidation and closeout
Before you purchase any item on Liquidation or close out, make sure you know why the product is being sold at a reduced price.
Most Liquidation and Closeout sales will require that you purchase the products by the pallet and these can sometimes include non salable items.
Be cautious and ask specifically if the items are damaged or why they were returned. If you are buying a bunch of items that were returned, that could be a red flag that consumers do not like the product. You don’t want to try to sell an item that others had a hard time selling.
Beverage Wholesale Tips# 6. Save Money when shipping
If you want to make money, it is important that you save money shipping. Look for the cheapest method of shipping. You want to get the customer their products in the fastest manner possible but you do not want to sacrifice any profits.
Try to negotiate a great deal with your supplier. Negotiate Cost, Insurance & Freight or Delivery, duty paid shipping terms.
Beverage Wholesale Tips# 7. Drop shipping
Drop shipping an item can be a difficult method to profit from. Drop shipping can add another $2-10 to your costs - sometimes even 10% of the cost of the item. By the time you add in eBay fees and any other costs, you may find it is not worth it.
Beverage Wholesale Tips# 8. Picking a warehouse to store and allocate your product
When locating warehousing to store your items asset management will play a large role in your decision. Items can end up missing while in storage which can cause you mental and financial grief.
You need to know how different warehouses will authorize the release of your products. What happens if you need to cancel an order? How are they going to take care of your product from theft and damage? You want to look for a warehouse that will go beyond trying to please you.
Wholesale Tips# 9. Power seller Status
Did you know that eBay Power sellers are able to demand higher prices for the goods they sell than ordinary eBay sellers.
In order to make a lot of money, you need to get the best offers for your products and if you are able to maintain your power seller status, you will get the best offers.
Beverage Wholesale Tips# 10. How to boost Profits from selling items purchased wholesale
You need to build a website or open an eBay store in order to Boost your wholesale business.
It makes it easier for people to find what they are looking for and you are able to carry more items. You are able to sell to consumers all over the world when you have an online store and you will be able to keep your cost down.
If you are looking for genuine and trusted wholesale suppliers that offer great wholesale prices and a large variety of items, then click here