When searching for a supplier who can provide wholesale drop ship services to you, there are several things that you need to consider before choosing one. Taking these things into consideration when developing a plan for your new business will help to ensure future success. There are many wholesale and drop ship suppliers out there; you just need to find the one that fits your niche market, which in turn will help you to make the most profit.
One of the first and most important things you should look at when searching for a wholesale and drop ship supplier are the prices for their wholesale products. The wholesale product suppliers should be willing to sell to you at a price that you can mark up, in order to make a profit, yet still effectively sell against your competition. A big factor will be the amount of items you can sell or hope to sell. Being able to sell large quantites of a particular product will practically guarantee you get the item at a lower price than others are paying your wholesale drop shipping supplier. This will be a major factor as your business grows. letting your accounts stagnate should be avoided. Be sure that as you increase your purchases of drop ship items from wholesale suppliers, you ask for significant price reductions in return. Using this method, you should be able to increase your profits as you grow your business.
Shipping costs should be one of your biggest concerns. Do you know what your intended market is? Is it local or global? If local, then your shipping costs will be relatively low and you may be able to find a supplier who is willing to wholesale drop ship these items for you. Shipping globally, however, is much more expensive and many wholesale product suppliers will want you to pay extra for the shipping.
Finally, when searching for a supplier who will wholesale drop ship for you, you need to consider whether they will accept returns and refund monies to you. Many drop ship wholesalers will not accept returns and those who do, often only refund in the form of a credit for future purchases. This will eventually affect your cash flow situation, so you need to be extremely careful when choosing a supplier. Another factor in accepting returns is where the customer will return them to. You may want to be sure that you have things set up so that the customer can return the product directly to the manufacturer, thus eliminating you from the equation.
If you pay attention to the news, especially the financial news, then you know that today’s economy is significantly worse than it was last year. This downturn in the economy means that business owners have to be smarter about their expenses. They have to watch and carefully stick to a budget. Even drop shipping rates are under close scrutiny. If you are a business owner then you need all of the information possible on your shipping needs. Thankfully there are plenty of books and programs out on the market today to help you.
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