Wholesaling can be defined as the sale of goods to anyone other than the standard customer. The merchandise may be sold to a retailer, wholesaler, or to an enterprise that will use the goods for business rather than individual use.
In recent years wholesaling has taken a whole new trend, and wholesale online also becomes more and more popular. Next, I will introduce some websites to you.
Why So Many Wholesale Websites Appear?
Wholesaling activities have become one of the fastest-growing methods of business operation today. Where previously the main means to facilitate wholesale business was through telemarketing and mail-order, the rise of the online business has currently taken over the market.
E-commerce is the activity of electronically buying or selling products on online platforms or over the internet. E-commerce is mainly supported by electronic businesses.
E-commerce has changed the way most people conduct business as activities that were once performed manually have shifted and can now be performed by a single input by the customer.
There are two types of technological advances that have had a major impact on wholesaling, the internet, and logistics management technology.
Logistics technology refers to the devices and software that make distribution efficient and reliable, while the internet has been essential in cutting out the middlemen that were previously used in the distribution process.
The wholesaling industry has also not been left behind in the evolution of the markets online. Over the past two decades, the internet and trade freedoms have made it possible for wholesalers to compete in the world market. It has also improved the way wholesalers manage their business.
The changing customer expectation has also led to the increase of online markets as most people prefer getting their goods online as it is a fast and efficient way to buy and sell. Wholesaling is becoming a popular method of business as it offers an easy, efficient, and cost-effective way to sell goods.
Some of the reasons why most people prefer wholesaling include:
Efficient Logistics
Wholesaling involves buying goods in large quantities and having them delivered to customers in smaller quantities. This enables wholesalers to efficiently perform product distribution function.
Wholesaling also allows the producers and consumers to avoid the risks involved in holding inventory.
Market Assistance
Wholesaling provides market assistance to retailers in terms of pricing and promotion as the wholesalers become an extension of the retailers’ workforce.
Assistance in Sale and Distribution
Wholesalers are in a better position to sell products at lower costs per production making it easy for them to have closer contact with the retail customers than the producers.
Wholesalers are an important part of the business as they have a direct connection to the producers and are also responsible for setting market prices and hence negotiating final purchases.
Ability to Create Your Brand
Wholesaling entails the rebranding of goods, with causes that support the opportunity to rebrand, wholesaling is an easy way to curate goods that will be unique to your brand.
The Ability for Global Expansion
Selling goods online is an easy way to expand your business to reach a wide range of clients all over the world. Wholesaling makes the process easier as you can sell products to a large number of people at once and not have to worry about how the product will reach the customer.
Dropshipping
As a wholesaler dropshipping is an easy and cost-effective way to sell goods without holding inventory. This will save you costs as you do not need a huge amount to start the business and you can easily make profits if you choose a trustworthy supplier.
Product Assurance
With wholesaling you are assured of always having a product to sell as the wholesalers form a direct link to the client. As a business person, you will always be sure that the product you are selling will always be available for purchase.
Cheap and Easy
Wholesaling offers a cheap and easy way for you to get into the supply business as the prices of products from the wholesalers are affordable hence you can easily set customer friendly prices for your goods which will be an easy way to attract more customers and make profits.
Whether these Websites Trustworthy or Not?
With most of the wholesale companies shifting their businesses online, below is a list of some of the best websites you can use if you want to get into the wholesaling business.
Nihaojewelry is a top supplier of products for jewelry to fast-moving fashion and accessories. Nihaojewelry website offers a wide variety of products with no minimum orders and assures customers of quality products at affordable prices. The customer is also assured fast delivery of products and convenient customer service.
With a customer rating of 4.7, Nihaojewelry is popular and highly used with most customers generally being satisfied with their purchases. Most customers are happy with the customer service offered and most products arrive in good condition and are true to type. I would highly recommend Nihaojewelry for any person looking to get into the wholesale business.
The unique features offered by Nihaojewelry include:
- Affordable prices
- Multiple payment options
- Easy website usability
- Excellent shipping services
- Easy re-ordering option
- Quality products
- Variety of products to choose from
- Certified jewelry products
- No minimum order
- Fast fashion with the latest designs
DHgate.com
DHgate offers a customer protection plan, efficient and secure refund policy, and express delivery and shipment tracking services. DHgate offers the lowest priced goods especially if you are buying in bulk and discount coupons for larger goods.
DHgate offers a customer protection plan, efficient and secure refund policy, and express delivery and shipment tracking services. DHgate offers the lowest priced goods especially if you are buying in bulk and discount coupons for larger goods.
If you need fast shipping for your products you will need to add an extra amount as some of the shipping may be slow. Hence if you need fast delivery of your products it is better to find a site with faster delivery rates or you can pay the extra amount.
I would highly recommend the site for one-off products or a company that is looking to re-sale items as they are much cheaper.
Some customers have however complained of having problems with the site with most complaining of the poor shipping and lack of proper customer service.
Alibaba.com
With a rating of 4.64 and over 10,000 reviews, Alibaba is a world-leading wholesale trade platform that connects suppliers to buyers from all over the world. Alibaba.com gives a wide range of products to choose from and a variety of suppliers majorly from China and other parts of the world.
The website is up to date and the customer care services offered are efficient to help you through in case you encounter problems. This is a site I would highly recommend for anyone new to the business as it is a trusted supplier by a majority of people around the world.
Alibaba has very many suppliers and hence it is easy for you to find a selection of products that will fit your requirement either for business or retail.
Like with any other wholesale websites with a large number of suppliers sometimes you may get into business with a supplier who is not trustworthy.
eBay.com
eBay is one of the first E-commerce platforms that offered wholesale services. With a reach of 1.5B live listings and a market of over 174M, eBay is a trusted place to start your business.
Like any online business, there is a likelihood that you may meet sellers who are not genuine hence it is necessary to exercise great caution when buying online using this platform.
Most customer reviews show a level of mistrust with this platform compared to others as there has been an increase of cases where most customers experience problems with either shipping, poor product quality, or high shipping charges.
Esources.com
With over 140,000 verified suppliers from the UK, US, France, Germany, Spain among others, Esources is one of the largest databases for online wholesalers and dropshippers.
Esources is a great place to find a variety of dropshippers, the site contains informative guides and tutorials to help you start source suppliers. The site also contains free hosted websites and market research that you can use to find sellers and products.
I would recommend this site for anyone who needs information on trustworthy wholesalers and who wants information on how the online wholesale market operates.
FAQs about These Wholesale Websites
What website can I use for my wholesale business?
To find a website you need to identify what you want to sell and then conduct research on some of the trustworthy websites.
Where can I find a cheap wholesaler?
Finding a cheap wholesaler also requires that you search online for a website that has affordable prices and quality goods.
Are wholesale websites legitimate?
Most of the websites are legitimate and serve as a host to companies that offer wholesale services. The key to any online wholesale business is finding a trustworthy business to work with.
What services can I find in wholesale websites?
The websites may vary as some host the wholesalers directly while others offer resources and links on verified wholesalers.
Is shipping free from these websites?
The charges for shipping vary some websites include the option of free shipping for bulk purchases while some do not.
Conclusion
The wholesale market is one of the most sought after forms of business these days. Wholesaling is a cheap and easy way for you to sell products online as the link between you and your client is direct from the manufacturer.
Wholesaling offers customer assurance as you will always have a product within your disposal. Online websites have made it easier to conduct business without necessarily having to physically go to the store and purchase the products.
The key to any successful wholesaling business is to conduct research and find a supplier who will suit your needs.
