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When is Wholesale Really Wholesale
You've finally found the wholesale source for the high demand widget that is selling like hotcakes on the Internet. Thoughts of watching the money pouring in and celebrating the new found success selling widgets has you so excited that you can't wait to buy 5 widgets at wholesale and double the investment. After a lot of effort to market your widgets, you haven't sold any. Then, much to your surprise, you find others selling the same widget at a much lower price and doing a great business. You can blame the wholesaler for your lack of success or you can face the truth about wholesaling and volume purchasing. So, after an unsuccessful attempt to sell widgets, you decide to do the research to find out why you couldn't compete. The first eye opener is that you can find the widget at a number of places selling for less then your wholesale cost. Lets look at the reasons for this.
So it now seems that the word wholesale is a relative term. Small businesses get first level wholesale pricing. Large businesses (with great buying power) get 2nd and 3rd level wholesale pricing plus incentives. As an example, the small business may pay a price of $10 each buying wholesale widgets in quantities of 1-10. The large business may pay $5 each for the same widget in quantities of 500-1000. So, is there any recourse for the small business? Yes, The simple answer is Market Research. OK, how can market research help me with wholesale buying? The problem that needs addressing is buying widgets at to high of a price to be competitive. Plus, there are hundreds of places that sell widgets for a lot less then you can. If the demand, competition and average selling price of widgets can be determined, then you can make an informed decision about the selling potential of the widget. That is the simplified version of the answer, but touches on the main points of market research. You can do the research manually but by far the best bet is to use one of the existing market research tools available on the Internet. A moderate investment is required up front but the information compiled and presented is essential to profitable marketing. A clear understanding how wholesale works in an open market along with good research can multiply your chances of successfully operating a small business. This applies to online storefronts, auction sellers, or anyone doing business from home. About The Author Johnny Burke is a successful online seller and webmaster for E-MarketingAmerica http://www.gtsystem.net/e-commerceamerica/ offering resources and information for the online marketer
MORE RESOURCES: Big Oil’s Wishlist: The Hottest Oil Auctions In 2020 Yahoo Finance PODCAST: Doug Hadden of ACV Auctions Auto Remarketing Auction calendar: December 13, 2019 Wisconsin State Farmer Serena Williams' smashed US Open racket auctions for nearly $21G -- after ball boy sold it for $500 Fox News Dan Imler Joins Heritage Auctions as Vice President of Sports Division Sports Collectors Daily Belgian art collector sues over Gary Picasso auction: ‘Technically, it was sold to you.’ Chicago Tribune Auction 103 concludes second round with $715M in bids FierceWireless TCA Stallion Season Auction Set for January BloodHorse.com FCC's Next 5G Spectrum Auction is Underway Telecompetitor Office building on 280 corridor set for auction Birmingham Business Journal The 9 most expensive Disneyland items sold at auction featuring 1,500 theme park collectibles OCRegister Bike auction coming in La Crosse due to surplus News8000.com - WKBT Trucks, Tractors And Trailers Draw Crowd, Big Bucks At Fort Worth Auction CBS Dallas / Fort Worth For Auctions, It’s ‘No Froth,’ but ‘Steady.’ That’s the New Normal. The New York Times Westminster annexing former Livestock Auction, site planned for 40 workforce housing units Baltimore Sun Sicilian Homes Went Up for Auction Starting at €1. More Than 100000 People Called. The Wall Street Journal Christie’s Will Launch a New Hong Kong Auction to Coincide With Art Basel, Undeterred by Ongoing Protests artnet News Auctions are not always fun and games | Agri News PostBulletin.com Senate Commerce Committee OKs C-band auction bill FierceWireless Airplane auction coming to Fort Worth Spinks Airport Fort Worth Star-Telegram Autographed Ayrton Senna helmet brings $102,000 at auction The ClassicCars.com Journal Rocky start for inaugural hemp auction, but more events are planned Hemp biomass auction off to a rocky start with more events soon Hemp Industry Daily Bulletin board auction is just heating up | News, Sports, Jobs The Daily Times Matsu Sushi closes, auction canceled Westport News Mecum auto auction sells $9M in KC — here's a look at the 10 highest-priced vehicle sales Kansas City Business Journal From cancelled fairs to street art's auction room takeover: the art market's fruitiest stories of 2019 Art Newspaper Royal Treasures from Queen Elizabeth's Aunt and Uncle Head to the Auction Block TownandCountrymag.com Fall Art Auctions See Significant Declines The New York Times Mecum Auction sells more than 400 collector cars for $9 million at Bartle Hall WDAF FOX4 Kansas City 2 McLarens, 2 Lamborghinis among luxury vehicles at weekend auction Mexico News Daily Mecum does $9 million at its KC collector car auction The ClassicCars.com Journal FCC's Latest 5G Spectrum Auction Gets Underway Multichannel News Horace Mann Students ready to bid at live auction KELOLAND.com DFW company to auction off $28M worth of aircraft in rare event Dallas Business Journal Looking For Property? DNR Public Land Auction Starts Tuesday WWJ Newsradio 950 Rare art, collectibles up for auction in Detroit Crain's Detroit Business Legend Rare Coin Regency Auction 35 CoinWeek Gavel will drop one last time at Suess Auctions PostBulletin.com Bard on the auction block: Mills College selling rare Shakespeare collection that could fetch millions East Bay Times Do I hear $1,000? Auction of Hahnemann University Hospital equipment begins Philadelphia Business Journal NOAA: Rafaels misreported fish disappeared at Whaling City auction SouthCoastToday.com Michigan DNR to auction off 147 parcels of public land Detroit Free Press DNR land in St. Clair County set for auction The Times Herald PHOTOS: Auction items at Vineland landmark Limpert Brothers Vineland Daily Journal C-Band Auction Bill OK’d by Senate Commerce Committee TV Technology Child Safe to host inaugural dessert auction | Free Sedalia Democrat Tiny home built by students up for auction NEWS10 ABC Farmland Auctions: A Wild Day in Southeast South Dakota Successful Farming Silent auction held to benefit United Way | News, Sports, Jobs Marquette Mining Journal Glinda's 'Wizard of Oz' Test Wand, Mitzi Gaynor’s Costumes Up for Auction Hollywood Reporter Michigan to auction 150 parcels of public land The Detroit News Surplus Public Landing Going to Auction 9&10 News |
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