Wholesale shopping has become a mainstream for public consumers. There are super stores that require membership fees. Also stores with racks and racks of returned or discontinued products. Finally, one can truly bargain hunt at flea markets or warehouse sales advertised in classifieds. To purchase wholesale goods for a company, none of these options is very efficient. Thankfully, sites such as Rhino Mart have made online wholesale shopping for small business owners a point and click endeavor. As a small business owner, there is rarely a surplus of time for shopping around for the best deal. By using the internet to buy wholesale online, you can save time, be more secure, and get a good estimation of potential profit on the goods. All of this can be done, day or night, at your leisure.
In the old days, “shopping around” literally meant hiking all over town to different stores to compare prices. Today’s high speed internet connections make comparison shopping a breeze. For example, wholesale electronics can now be compared from multiple stores in a matter of seconds. In wholesale shopping, the important consideration is the unit cost. For sites that do not provide this detail, simply divide the total cost of the lot by the number of items in it. Reputable wholesale merchandisers will include information such model numbers, condition of items, and makers of the products. If the price seems too good to be true, and there isn’t much information about what you are purchasing, chances are it’s not what you think it is. Still, as long as there is enough information to verify what you receive is what you ordered, shopping with a reputable wholesale site is still more cost effective and time saving than using local distributors.
A surprising benefit to online shopping is that it is more secure than shopping at physical stores. According to the 2006 Federal Trade Commission Identity Theft Survey Report, only 9% of identity theft occurred from Internet data breaches. More than 30% of the year’s identity theft reports come from stolen purses and wallets in a public place. To help protect yourself further, check the security of the wholesale site you are using. Look for signs at the bottom of the page for encryption or security insured logos. Clicking on the logo should take you to the official site of endorsement; if it doesn’t then it is likely a fake and shouldn’t be trusted. Another way to protect yourself is to use wholesale websites that have been around for a few years. This further reduces the risk the site is a fly-by-night operation, here one day, and gone with your money the next.
Finally, use the benefits of cost comparison on the internet to find how much customers are willing to pay for individual items. Items such as children’s new apparel averages in unit cost from $2 to $5. Since many of these are name brand clothing, it won’t be difficult to get parents to pay double or triple the price for the clothing. For clothing, most lots are the same item in assorted sizes. This is perfect for a small niche clothing store, but not for parents looking to clothe their children. Few kids are willing to wear the same style of denim pants through five or six clothing sizes. Going to the brand name stores websites, it is easy to see the savings you are passing on to your customers, and how much profit you can reasonably expect to reap on each item while still remaining competitive.
Wholesale buying can be a huge cost savings for a small business owner. Looking for good deals at discount stores and warehouse sales in your area can be time consuming and still leave you empty handed. Use the convenience of wholesale online buying to speed the process up. Plus, reduce the risk that your personal information will be used for others’ to take a shopping spree. Online wholesalers need secure transactions to stay in business; therefore a lot of money is invested in keep up a websites security. After you have purchased your goods, use the Internet to set prices for your new stock, and reap the profits of your savvy shopping. Restocking the shelves has never been so easy!