Making Best Use Of Wholesale Product Sourcing Options

Retailing is a very competitive marketplace to be in as most retail business owners know only too well

. Even when you have honed in on a great product or range of products that sell like hotcakes, you've still got the headache of logistics to worry about. This can be one of the biggest stumbling blocks that many retailers come up against as they try to grow their businesses.

In essence retailing is simple. It's all about being able to buy wholesale at a price low enough to enable you to make a decent profit when you retail it. Until fairly recent times, the only way aspiring business people could get into retail was if they had sufficient capital to buy their product in bulk at a good wholesale price and provide a premise, and maybe some staff to receive, store and sell the stock.

However, the internet has changed the very way that we now do business. The World Wide Web is a great enabler and it has enabled people to go into retail without having to invest large amounts of money to buy or rent a location or to buy bulk amounts of stock in order to achieve a decent wholesale price in advance of making any actual sales.

If a would be retailer has limited funds to work with, as most of us have when we start up our businesses, there are now options that allow them to buy in what is called "light bulk." Again, it is the internet that has enabled this.

Light bulk means that retailers can now order smaller quantities of product from the wholesaler but still receive a good bulk wholesale price. Yes of course it will cost slightly more that full bulk, but "light bulk" ordering is still nonetheless sufficiently competitively priced to allow you to make that all important profit margin.

At some stage in most retailers' careers, they will amass an amount of inventory (stock) that simply doesn't seem to move. It could be that the trend has dried up, the market has moved on, or simply that the economy is badly depressed. Whatever the cause, slow moving stock is a retailer's nightmare. Not only does it take up valuable storage space, but it is tying up capital and probably losing value too. The worst thing you can do in this sort of case is to dither.

Once again, the internet has enabled a solution whereby you will now find companies that specialize in buying up so called "distressed inventory". Of course you will probably take a loss on your original investment, but at least you can cut your losses and get some capital back into your business.

If you've simply bought too much of something, you can always approach the wholesaler to see if they will take back some of the product. When you build up good working relationships with your suppliers, it's often surprising just how helpful they can be.

Finally, to round off our review of the logistics of different wholesale sourcing options and solutions, we must of course mention drop shipping. This is a fantastically useful service whereby you can employ a drop shipper to store and/or deliver product from source directly to your client's front door. This does away with any necessity for a warehouse or storage facility and also the problem of warehouse staff. It is one of the internet's greatest solutions that has opened the door to the formation of many online retail businesses trading from home.

Explore the various wholesale options open to you today; they are ready and waiting for you.

by: Jake Sabey

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