More than half of the population in UK shops online. This shift in shopping trends from high street to online can be attributed to the fact that most people prefer the convenience of shopping from the comfort of their homes as opposed to trekking to the shops to look for items.
The increase in internet connectivity and the fact that almost all the UK’s population have access to phones if one of the drivers of the growth of online shopping. Most retail stores which were once only physical stores have changed their models of operation to include the options of online shopping.
Starting an Online Business the Factors You Have to Consider
The UK is one of the countries with the most developed online presence in the world. Most stores have built their websites to include a variety of products so that the customers will have access to products in real-time.
When starting an online business the factors you have to consider include:
Choose Your Niche
Choosing your niche will enable you to know what type of products you want to deal with so that you may be able to know your market and how to get clients.
Choose Your Price Points
After selecting your niche study the market to know the prices you can set to get profits.
Get Reliable Suppliers
Since suppliers are the main component of the business getting the right suppliers may be the most important aspect for setting up a wholesale business.
Market Your Business
After choosing a business you should be able to promote the products to your clients.
Get a Warehouse
Get a warehouse for your product and ensure that the warehouse is in a safe location and where the transport costs will not be so high. This will ensure that you will get maximum profits from your business.
Top 15 Online Shopping Websites in the UK
Established in 2001, mxwholesale is an online wholesaler and pound shop supplier that offers large discounts on a variety of products. The website offers a wide range of clearance lines that most customers prefer and the products are shipped to their warehouses around the UK for ease of shipping.
The website offers direct deals with manufacturers and suppliers to minimize intermediary costs and the use of middlemen. Mxwholedeals is a trustworthy online store with a 100% guarantee on product authenticity.
Dkwholesale is a leading distributor of branded electrical appliances, personal care, branded fashion, and designer watches. The company was founded in the UK in 1983 and prides itself on providing a one-stop solution for a variety of businesses. The company also offers stockholding options and efficient delivery options for ease of doing business.
This is a platform that offers unique, quality, and cheap products for a variety of individuals, wholesalers, and retailers across the UK. The company gathers the best deals for products and ensures that the customers have a constant supply of goods to resell at profits. The site also has a directory of a variety of suppliers who you may use to fulfill your business needs.
Parisian is an online wholesaler for women’s’ fashion across the UK. The company offers trendy fashion styles and has a wide selection of suppliers, e-tailers, and retailers who stock quality products all designed in the UK.
The company offers unique fashion pieces that range from high street to celebrity and catwalk-inspired fashion with unique patterns and fabrics.
Britdeals is a B2B platform that offers innovative and fast developing liquidation and surplus inventory. The company caters to buying groups of all classes ranging from small businesses to big retailers. The company offers buyers the best tools for business and exceptional customer service.
Esources is a directory of verified wholesale suppliers,dropshippers, and trade leads. It is the largest portal for getting access to a variety of dealers who offer a wide range of cheap and quality products.
Pound wholesale is a leading UK wholesaler and deals with a variety of products at affordable prices. The company supplies thousands of businesses with products they need to thrive in the highly competitive market. The services offered are fast and reliable to help you do business while making great profits.
This is an online wholesaler that offers products across the fashion, beauty, party, and giftware lines. The company originally began its operation in 1988 and offers years of experience in the supply of products for businesses across the UK.
This is an online wholesale supplier offering a range of footwear at affordable prices. The products offered include women’s shoes, boots, wellingtons, slippers men’s footwear, along with handbags, clothes, and accessories.
Eurolots is a leading wholesaler of liquidated merchandise ranging from clothing, jewelry, books, office products, and more. The company offers exclusive product designs that are suitable for both online sellers and retailers. The products are bought in bulk then sorted and arranges into categories that are then shipped out to your location.
Cut-price wholesalers offer a variety of products at competitive prices and supply products to a wide selection of stores, e-traders, and retailers across the UK. The company sells over 1000 products which are updated regularly to customers all over the world.
This site is one of the UK’s leading suppliers stocking over 3000 products for various gift retailers and offers new products daily and weekly. The products are sold at competitive prices and very low minimum orders with the option of free delivery for goods worth over 200 Euros.
Clearance- king .co.uk
Offers a wide variety of fast selling products with free delivery across the UK for goods worth over 399 Euros and fast delivery options with the secure payment process.
The website offers over 20 years as a foodservice wholesaler that supplies fresh frozen foods, beers, wine, and catering essentials.
Challenges You Experience Wholesaling from the UK
The wholesaling business is one of the most popular business models that people are getting into. Like any other business model, wholesaling has several challenges some of which include:
Supply Chain Inefficiency
For a wholesaling business to be successful partners in the supply chain need to be efficient in the process. The manufacturers need to produce products that are viable in the market and at effective prices so that profits can be realized.
To run a successful and profitable wholesale business, you will need to keep your business as tight as possible hence you need to have as much inventory as you can sell so that you will not end up with dead stock.
Lack of Trust Among Manufacturers
For your wholesale business to be successful, you need to have suppliers that you can be able to trust to supply you with good and quality products at affordable prices.
The wholesale platform faces increased competition as the market has a lot of new entrants. You will need to have performed thorough market research to find the right market for your product to make profits.
The Expense Incurred for Improved Technology
As a wholesaler, you need improved technology to reach a wide range of clients to make profits. The computerized systems will enable you to track shipments and maintain quality control.
Wholesalers that offer shipping options face a lot of challenges when finding the right form of transport to use when starting the wholesale business.
This can be described as the process of using intermediaries in the business. To make profits in the wholesaling business you need to eliminate any intermediaries in your business to make profits which may be a challenge in wholesaling businesses.
Nihaojewelry — A Solution for Your Wholesaling Challenges
Nihaojewelry is one of the leading wholesale suppliers for fashion jewelry and accessories along with a variety of other fashion products at very affordable prices.
The company has its own factory and has close cooperation with many reliable manufacturers. An abundant inventory can give you a stable products supply.
The company offers efficient shipping services along with the option of directly connecting with the manufacturer hence there is no need for intermediaries. The website is easy to use and the products are regularly updated to offer you with the most unique and latest trends in the market.
The most important thing is that nihaojewelry has no MOQ, and has no middleman earns money. You directly wholesale jewelry from this website.
If you want a wholesale supplier to fit your business needs nihaojewelry comes highly recommended for a smooth shopping experience and guaranteed profits.