Friday, August 28, 2009

Do Not Settle For Just Another Wholesale Directory And Build Your Own Product And Supplier List

In the world of wholesale business you need products and more products. You provide service, yes, but you are not a service company, so products are the lifeline of your business. You need the best suppliers at the best prices. Knowing this, many business settle for a standard list of providers available to anyone who can buy it or look on the internet. Believe me, this is a sure way to fail in your wholesale business. You need more, you need better...

For those just looking for a wholesale directory I will give you my favorite site for products and suppliers, closeouts and liquidations. You will find almost everything here.

Now, let me tell you what else to do in order to get the best wholesale directory. Build your own. Yes, build your own. I've been in the wholesale and distribution business for years, sold to over 200,000 stores plus distributors, wholesalers, exporters, online, on eBay, to cash and carry's. You get the idea! My point is. I've sold a lot of products to a lot of people. And my main recommendation is to build your own list.

How do you do this? Why would you do this? Very simple. You would do this because the "source", the original source for products is the one that has the best prices. These are usually not drops shippers and not in these kind of directories. The best places to buy products is from the original suppliers. These can be manufacturers or importers. Most likely they don't sell everything under the sun. They just sell their products. In other words, they just sell their own products, and if you want the best prices for those products you need to contact them directly.

Usually most of the Wholesale Directories have consolidators, people who sell several products, buying from the manufacturers and importers. Yes, if you are starting and will only buy a couple of products at a time they are your best bet. But if you want large margins for you wholesale business you need More Margin.

Don't just be another reseller of a reseller, get as close as you can to the manufacturer or producer of the products you want to sell. If you can't find it, look for another product. This way you will have a better product and better profits. They will give you the best margins and can even negotiate exclusivities or special contracts to protect a territory, accounts, or something else.

This is your master list. Your Master Wholesale Directory. The new found wholesale directory is your map to the best wholesale prices. Now, let me tell you how to build your list. The easy way is to go to trade shows. There are food shows, snack shows, toy shows, and apparel, everything you can imagine. Think of the products you want to represent and then look up the trade shows on the internet and if they are near your home town go.

The easy way that at the end will not be so easy is using just the internet as your wholesale directory. This can be a bit more complicated because you don't really know who the companies are, if they are the original owner or a reseller. You will have to do more legwork. I recommend that you visit my wholesale audio course and signup to my newsletter to get a free audio course.

You will be surprised of everything that will start coming your way when you reach to these suppliers. You will start finding new products, finding business opportunities and business deals. You see, these people are veteran entrepreneurs and if you can help them sell more of their products they will help you, teach you, and guide you into launching your business.

So look at the big picture, don't settle for just generic drop shippers and make relationships, don't just send emails and buy third party directories. These are keys to success and will have you well on your way to launching your successful wholesale business. And always keep learning. Read as much as you can, talk to people in the industry, read articles, trade magazines, case studies and everything you can on the products and business you want. Also, don't forget to have fun. You always have to like what you are doing. If you don't like it you will stop doing ig. So make sure you like the products that you are selling, or find new ones.

Get all the information on starting your own wholesale business by visiting my site. Just for signing up to the free newsletter you will get 3 audio recordings on how to get started at absolutely no cost. Wait, there is more, go to the wholesale products portal to get details on how to get the best suppliers for your business.

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