Buying and selling products online can be a part-time or full-time business that you can do in your spare time and your comfort zone. Online commerce can be a lucrative business especially when you buy in bulk for resale. A lot of marketers don’t know this trick. This is why we have created this ultimate guide to introduce where, what, and how to buy items in bulk for resale on your website or at eBay and Amazon.
Online trading is gaining more popularity every passing day. The United States alone boasts over 230 million people shopping online. If you are looking to start selling merchandise online, well, there is no better time than now. However, you must first the secrets to maximizing profits – one of which is buying low and selling high. Fortunately, there are numerous websites where you can buy bulk items at cheaper rates. Keep reading to learn more!
How To Buy In Bulk From Wholesale Suppliers?
There are hundreds of wholesale suppliers all over the world who sells items in bulk. While this is great news, filtering the most reliable and trusted wholesaler can be a difficult task. A lot of things need to be put into consideration. In this section, we highlight six easy strategies to help you find and buy in bulk and sell individually.
1. Buying pallets of merchandise
Buying pallets of merchandise is the best way to make a profit in this business. This is because each item will be sold at a very cheap price but with good quality. After all, the goal of bulk purchases is to make sure that you buy at a very low cost-per-unit, so you can capitalize on that low cost. Buying at a lower price per unit can lead to a higher profit margin on resale. You also need to learn how to calculate the price-per-unit for every product. For example, if you have two rolls of cardboard papers, one with 12 rolls that costs $12 and the other with 24 rolls that costs $18, you would want to opt for the 24 rolls because it has a better price-per-unit. However, many suppliers tend to take advantage of and dupe people by selling low-quality products. Before striking a deal, ensure to consider the remaining tricks.
2. Know what your store needs
Think about the items that consumers in your niche look forward to buying. Consider everyday products and buy them in bulk. Buying these types of products in larger quantities will save your business money and time.
3. Check feedback
If you aren’t sure of which supplier to buy in bulk from, then consider getting reviews or feedback from people who have used the services to purchase bulk orders. Online reviews are an honest way to sieve out suppliers without good credits and reputations. If you have the time, then attend a Trade Show in your area to get a first-hand opinion about a product and its source before making bulk purchases.
4. Save more on bulk purchases
While bulk buying is a smart strategy, buying at specific times can save you more. Imagine buying bulk items at discounted pricing or during a clearance sale. This will not only minimize the price-per-unit but will also help you save on bulk purchases.
5. Compare suppliers
There is no harm in comparing different suppliers. Different bulk suppliers offer distinct services from fast delivery to transparency in price, and reliability. You know what’s best for your business, then compare and make the best decision.
6. Subscribe for convenience
The best bulk-ordering platforms allow you to get notifications for items that will be sold in bulk and when. Subscribing to such services will help you maximize opportunities when it comes.
Where To Buy In Bulk For Resale
The following are the top bulk-ordering websites that boast the best online wholesale suppliers.
1. SaleYee.com
SaleYee dropshipping platform is an all-in-one option for you to buy in bulk from China. They have over 24 thousand products from profitable and all of them are offered at wholesale prices. You will find the item you are looking for no matter what. SaleYee.com has invested in local warehouses all over the world to ensure that every product is delivered within 24hours to 48hours depending on the consumer’s proximity to the warehouse. Quality is assured when dealing with the SaleYee platform. Every product is inspected and randomly checked by the quality assurance team before shipping to make sure every wholesale item meets the quality standard. You can find mouthwatering offers on furniture, kitchenware, kids’ toys, clothing, garden, and other profitable niches at reasonable rates.
2. AliExpress
AliExpress is the most popular wholesale platform in China. They offer a wide range of quality products from evergreen niches. The Chinese e-commerce giant has earned its reputation over the years and has become the first choice for millions of consumers all over the world.
3. Banggood
Banggood is committed to selling electronic gadgets at the most amazing price to their customers. Choose Banggood if your store deals in electronic gadgets and accessories – enjoy competitive prices on bulk purchases.
4. TOMTOP
Tomtop is a reputable wholesale and retail shopping destination where you can find car accessories, jewelry, garden items, mobile phones, fashion clothing, sporting goods, and many more at bulk prices. Bulk items sold at Tomtop are of high-quality and premium standard.
5. DHGate.com
DHGate is another wholesale marketplace where you can buy a variety of products at factory prices. You can buy in bulk for resale in categories like toys, apparel, jewelry, electronics, and much more.
6. Chinavasion
Chinavasion is your best shot if you have an electronic and gadget store. You can buy android phones, security gadgets, electronic gadgets, projectors, sports cameras, and much more at reasonable prices and have it shipped to your destination.
7. Gearbest
Gadgets and electronics are gaining popularity every passing day. If you are looking for a one-stop online store where you can ship cell phones, toys, and electronic gadgets, then you can visit Gearbest.
6 Best Things To Buy In Bulk From China
After learning where to buy in bulk from China, finding the right products for your online business is the next step. Finding the right products for your online sales business can be the thin line between success and failure. Having researched and following trends, we have come up with the six best items that you can buy at low prices and confidently sell for a higher profit margin.
1. buy books in bulk
2. buy shoes in bulk
4. buy electronics in bulk
5. buy jewelry in bulk
Conclusion
Buying in bulk for resale is a smart way of buying items online at cheaper rates. We have highlighted some helpful tips that you should keep in mind when you buy in bulk online cheap.
