Finding a supplier for the product you want to sell, at a price that you may profit from, could be
a big task. The best suppliers for your online sales or auctions do not market their services and often cannot be found online.
Those that you can find online tend to be middle-men. It is fairly often difficult to get a sizeably good enough price to contruct
any real profit online.
Let me tell you about my simple 2 step system to find an untapped source for wholesale suppliers. This is so simple that its almost always
overlooked as a source for merchandise
. This system involves thinking outside the box and not letting policy stop you.
The First Step to find a supplier is to find someone that already sells or has access to what you want to sell. This could be a website, an eBay seller, a manufacturer, a wholesale outlet, or a regular store in your city. This is the effortless
step. You understand
what you are looking for and you can search on the internet, not for a wholesale source, but for anyone already selling what you want to sell.
Another valuable source for a local supplier is your local phone book. The yellow pages are the best way to find local sources. This should be the first place you look. Doing business locally with someone that you may meet face to face is a big plus for your business.
Another potential source for your item is to find a distributor who would be willing to private label a merchandise
for you. You could get a very high quality item for a much lower price than if it had the title
brand label.
The Second and Key Step is to convince the source you found to become your supplier.
Manufacturers and wholesale sources often have minimum orders that might be beyond your reach if you are just starting out. Online retailers, eBay merchants, and retail stores may be your best bet. Try to find a small store who is looking to expand.
But remember, you are dealing with a human being and they can be convinced to do business with you. Just be sure to sweeten the deal for them. One way is to offer the human
you are dealing with at your new found source, a percentage of your profits from the products he supplies you.
Be sure to project it out for him. If he may see the benefit of working with you even though it causes excess work for him, you might
be successful in making a deal.
You could offer him 20% of the profit from sales of his products. For example you could show him that you project to make at least $100 profit from each merchandise
, and you expect to sell 40 of them per month. The $4000 a month means an extra $800 per month in his pocket. You still make a nice $3200 profit for the month in this example.
On top of that, he will be ordering more products from his supplier and may be eligible for a higher price break from them. This way, his reward for the effort to work with you, is making funds
on both sides.
There are many benefits you may offer your potential supplier, but no matter how you look at it, the main thing it comes down to is MONEY. Whats in it for your potential supplier to do business with you? If might
you show him that, you have a better chance of making a deal with him and starting your online sales.
NOTE: When looking for suppliers around your city, do not
go trying to impress the big stores with your $800 or even $3,000 extra income per month proposal. Try going to the little stores that are looking to expand their business, they are the ones that are usually more open to new opportunities.
The big stores are making hundreds of thousands of dollars per month in profits, so an more
couple of thousand would most definately
not impress them the least bit.
So now you see that by thinking outside the box, you open the door to many possibilities and increase your ability to generate some cash online with your businesses products
.