'Actually no I haven't. Because they don't exist.'
There seems to be some kind of myth that if you look, and carry on looking, then look again, then look some more, that you will find this 'one' magical super wholesale supplier that can make you rich, easily, with no effort, and no hard work. Well let me tell you to stop looking for them because they do not exist.
Yes some wholesale suppliers are more profitable than others. Yes some wholesale suppliers will offer better service than others but will you find one that nobody else uses thus eliminating competition and making you super rich overnight? Of course not.
What happens is, certainly in the early stages of business and I'm referring here particularly to eBay ventures. Is that the enthusiastic entrepreneur will begin the journey of sourcing wholesale suppliers for their chosen product. They hopefully will have an idea of what products to sell on eBay by researching first. Some won't though and they will trawl through wholesale supplier directories, lists, websites. You name it, they'll search it.
The ' I'll just have another look ' syndrome
Finding a wholesale supplier, can and often is an all consuming task. I mean it can take, days, weeks, months, years even. Especially if you don't know where to look in the first place. Or you continue to look 'just in case you find a better one'. This 'magical' super supplier that everyone talks about but nobody knows who they are.
There are literally thousands and thousands of wholesale suppliers which you could use for your business but I'm here to tell you that in my experience (and I've a fair bit of experience sourcing out wholesale suppliers) that it isn't so much what you sell, but how you sell it. Plenty of people will disagree with me about this but what I've said is true in my own experiences.
Another way to look at this is that no matter what product you sell, you can almost guarantee that competition will be fierce, especially online and on eBay in particular. Yes there are areas or ' niches ' that will be relatively untapped but even if they are, it wont be that way for long. Other sellers will notice these ' niche ' products selling well and start selling them themselves. Increased competition does and will, drive profit down.
I will say this though. The more targeted your market, the better you will sell. Drill down into specifics what you want to sell. Example - If you sell cycling products, don't stock every cycling product that has ever been created. Find a niche within that area. You might sell bike pedals only. There must be literally thousands of different types. Specialize.
Find a suitable wholesale supplier, develop a relationship with them. They will help you. They want your money and you want their products.
Do NOT continue to search over and over and WASTE your time thinking the grass is greener on the other side. It invariably is not.
Hope you found that informative and it's all true in my experience and humble opinion.
If you are looking for wholesale products and suppliers, leave a comment or ask a question. I just might know the answer.
Mark Davies
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