Auction Information

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.

  • The retailer can buy in bulk and receive quantity pricing

  • In many cases this also qualifies the retailer for manufacturers wholesale rebates

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

webmaster@gtsystem.net


MORE RESOURCES:

CoinTelegraph

Bitcoin Goes Under the Hammer in Italy: Auctions and Crypto
CoinTelegraph
An Italian auction house based in Rome has opened up to the world of cryptocurrencies, blending the old with the new, as it will allow its patons to settle their payments in Bitcoin. While mass adoption has been slow for Bitcoin and other related ...

and more »


Holiday Bid & Buy Online Auction
Sioux City Journal
Siouxland Bid & Buy features great merchandise and services from local, trusted businesses who are customers of our newspaper. Using auction-style bidding, you can place bids on items available from these local vendors and, if you are the highest ...



CNBC

US Treasury yields lower as investors pivot focus to Fed developments
CNBC
U.S. government debt yields were lower Monday, as investors switched focus to the latest developments coming out of the auctions sphere and U.S. Federal Reserve. The yield on the benchmark 10-year Treasury note sat higher at around 2.372 percent at ...

and more »


TREASURIES-Prices slightly higher ahead of US debt auctions
Reuters
Focus on U.S. Treasury debt auctions * Investors expect solid demand for Treasury notes * ECB policy meeting also in focus (Adds comment, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, Oct 23 (Reuters) - U.S. Treasury debt prices inched ...

and more »


Quartz

A Sunday in the life of a 90-year-old Indian auction house
Quartz
In the 1920s, the last functioning British auction house, Dowden and Company, which worked out of Broadway in Chennai, moved back to the UK. Two years after Dowden's departure, the government of India and the Madras high court expressed a need for ...



U.S. News & World Report

New York Real Estate Developer Buys Trump Drawing at Auction
U.S. News & World Report
This image provided by Julien's Auctions shows a sketch of the Empire State Building drawn by President Donald Trump that sold for $16,000 at auction on Oct. 19, 2017. The marker depiction of the iconic New York City skyscraper was created by Trump for ...
Art of the deal: Trump's Empire State Building doodle fetches $16000Reuters

all 13 news articles »


TechCrunch

Dropit runs live auctions on stadium scoreboards that fans bid on ...
TechCrunch
There's no doubt that our collective mobile device addictions are hurting real-world engagement for advertisers. This is especially true in professional..
DROPIT Partners With Phoenix Suns On In-Arena Reverse AuctionsSportTechie

all 3 news articles »


NY Sports Day

Gridiron Greats Memorabilia on Steiner Auctions Block for “Fall Classic” Auction
NY Sports Day
The Steiner Auctions' “Fall Classic” online auction is by no means limited to baseball memorabilia with a slew of collectibles signed by gridiron greats on the auction block up for grabs through November 18th. Such legendary Super Bowl champion ...



CleanTechnica

India To Auction 4.5 Gigawatts Of Wind Power Projects By February 2018
CleanTechnica
Sticking to its announced road map to expedite wind energy auctions, India will put 4.5 gigawatts of capacity on the block by February 2018. The Ministry of New and Renewable Energy has announced that auctions of 1.5 gigawatts of capacity each will ...

and more »


Domain Name Wire

Comparing the GoDaddy Auctions model vs. NameJet model
Domain Name Wire
There are two big players in the market for back ordering expiring domain names that haven't entered the deletion phase yet. These are names at registrars that have agreements with auction services to sell the names before they enter pending delete status.


Google News

home | site map
© 2006