Where
can you find real Wholesalers,
Manufacturers, and DropShippers?
When people start out searching
for a wholesaler they go to the place where you normally look for
things online - search engines. The bad news here is that you will
not find any real wholesalers on search engines. Sure what you will
find are "suppliers or middlemen" not "wholesalers". Suppliers / Middlemen
are a whole different market to wholesalers, they may call themselves
"wholesalers" but you can be sure that you won't be getting anywhere
near the price you could expect to achieve from a genuine wholesaler!
Good Wholesalers and Great
Deals are out there, and the good news is that you can find them with
a little work. This part of the process of building your business
intelligence can really pay dividends and going the extra mile will
make all of the difference to how much profit ends up in your pocket.
Build up a database of
Manufacturers and Real Wholesalers products you could start by:
Don't ask retailers where
they get products, they won't tell you! Do your research and build
up your own picture to lead you to your key business information.
I would recommend focussing
on one particular industry to give you the best possible chance to
make a name for yourself, and so build your contacts list. Ensure
that you have your own website as many manufacturers and wholesalers
will require it. You want to give the impression of a serious and
professional business and a website is in effect your "storefront".
You don't have to spend a lot of money having a website built and
it can be done relatively cheaply. Take a look at my resource list
at the end of the book for website build ideas.
There is no magic formula;
the simple answer to finding out everything you want to know is quite
simply making contact with wholesalers. Sounds simple? It is - call
them!
Most people want to forget
about it whenever I mention calling wholesalers on the phone. It's
too much trouble; I don't have time, what I will say...You get the
message The great news is that this is the answer most people give
and exactly why they don't have a six figure income running on autopilot!
If you want to have a really successful business then you need to
pick up the phone and start talking. You could say a friend recommended
them and suggested you give them a call, whatever you like, the main
point is to get them talking and build a networking partner. I guarantee
that once you start you'll wonder why you were hesitant in the first
place.
Building a relationship
and networking with wholesalers will get you into the inner circle
and lead you towards the manufacturers. Only then will you have the
real power to really exploit your businesses potential.
As you build your business
acumen and networking circle your options for sourcing will also grow.
This will lead to better prices and more choices. So can you see how
important it really is to pick up the telephone and start calling?
I've said before you are
going to have to do a little bit of digging here, but the rewards
will be well worth your time and effort.
How to Spot Fake Wholesale
Suppliers
We've talked before about
the whole industry built by scammers to cheat you out of your money,
so let's take a look at how they work so you can spot them next time.
These fake suppliers usually
start by offering fake prices to attract you to them, for example
I saw an advertisement for an iPod Nano 4GB for $100 and when I asked
where I could get it, no surprise I didn't get an answer! These types
of advertisement are known as "teasers" and simply designed to get
you to visit them.
Try this out for yourself.
Visit www.google.com and enter the search term "wholesaler" and look
at the results. You should see a whole range of Wholesaler Lists,
Wholesaler Secrets and bargain prices. Ask yourself if it was this
easy to source good quality wholesalers; don't you think everyone
would be doing it? Scammers offer to sell you "top quality wholesaler
lists", but if the lists are so good why would they sell it to you?
The answer is quite simply that they make money from selling the lists,
not with the list!
You'll often find them
through a multitude of web site addresses they've built for themselves,
for example: find a wholesaler.com, top quality bargains.com - you
get the message!
What they actually do is
charge you an inflated "wholesale price" and just send your orders
to the real wholesaler who fulfils the order. The fake wholesaler
then pockets most of the profit for themselves.
These guys will usually
charge you a "setup fee" to cover their processing or admin cost,
the real wholesaler will very rarely do this.
So you get all of this
shiny information for your new website, post the graphics and wait
for the orders to roll-in. Guess what nobody's buying, because if
you buy your goods from a fake wholesaler you will be paying too much
and passing that on to your customers.
These fake wholesalers
know exactly what they are doing, and may even have hooked you into
a contract with them. You've probably realised by now that you've
fallen for one of the most infamous internet scams - fakes and scammers
who pretend to be something they are not.
Remember there are all
of these eager would-be internet entrepreneurs out there just waiting
to be taken for a ride. These guys are just sitting there waiting
to take your money.
Beware of the following
"wholesalers":
- Any wholesaler who
offers to set up your website or run your auctions for you. What
they are doing is offering you their own back-end products to make
them rich, not YOU!
- Any wholesaler who
wants you to pay a setup or admin fee
- If a wholesaler just
sounds too good to be true, then he probably is!
Spot a Real Wholesaler
A real wholesaler usually
falls in line with the rest of their industry and have common trading
practices. Ask your wholesaler the following key questions:
- Are they an authorized
factory distributor
- Do they store those
products in their own warehouse or facility
- Do they buy in large
bulk loads from the manufacturer
- Do they ship those
products direct to their own customers
If you can't verify that
the wholesaler you are dealing with ticks all of the above key criteria,
then ask yourself very seriously - Who are you dealing with? Remember
a fake could answer yes to all of the above, so do your homework and
research to check out their business.
Recognizing the Scammers
Imagine you had an electronic
device you could plug into any website to tell if it was a scam! How
much would that be worth?
Most people have good instincts
when it comes to dealing with people face-to-face, but it is much
harder to spot the scammer online. I'm going to give you a few hints
and tips to get your scam spotter radar up and running!
Ebay is a great place for
these scammers, they naturally home into the world wide market offered
and sell every fake list they can produce to dupe the gullible.
I would state categorically
that it is extremely unlikely that any wholesaler listing you buy
from an eBay listing will be genuine. So don't waste your money and
concentrate on the great resources that you'll find in this book.
Why? Because I have bought most of them and they are completely useless,
scammers just looking to take your money. If you want to give your
money away then sure, buy some and see, but I can tell you right now
that they are just a way of parting you from your cash and frustrating
you in the process.
So how can you spot the
scammers?
They use...
- Unbelievable guarantees
- Fantastic Offers
- Added Bonuses and Free
Gifts worth $$$$$
- Claims about how much
money they or you will make
- Websites designed as
"Sales Letters"
- Claims of top eBay
expertise
Research The Wholesaler
Look at their websites,
read them - what do they have to say? If you are reading a whole load
of hype then beware. Real Wholesalers don't have to do the"sales thing"
on you.
Do searches under their
company name - what are other people saying about them?
Make sure that any recommendations
or organizations flouted as legitimacy are genuine themselves!
Make sure that the website
has full contact information. Don't leave it until you've got a problem
- try the phone number right away
Ensure that the wholesaler
is running a business under a legitimate business name. If it is a
personal name then I would strongly consider adding this person to
the "fake wholesaler" list!
Sourcing your products
is a critical part of the success of your future business, but the
next section on marketing is probably even more important. You may
have the best product range out there, but if no-one can find you
then you won't be doing a lot of business!
We'll examine the marketing
elements of your business in more detail the next section of my report.
In the next section we'll
discuss...
- The single best place
to source your products
- The
best kept eBay secrets which allows you to earn money without
shipping (much like drop shipping), but you get most of the sale!
This is a must read.
Read my review after experiencing 27 different companies...
Wholesales/Dropshippers review and recommendation
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