Finding good supply sources for your stocks is a major concern of all retailers and business owners. You need to find suppliers who can provide a steady, reliable supply of products especially during busy periods like the Christmas season or school opening time. It’s also a good idea to have more than one supplier so that you do not risk running out of stocks to sell. Here are a few good sources of stocks:
This is the most reliable source of products to sell. Finding a good supplier who can give you the lowest possible prices usually takes time, but the effort is worth it. Having a wholesale supplier means you’re assured that your stocks will arrive on a certain date and you know how much it will cost. You can easily find wholesale suppliers using a wholesale directory. Directories help weed out illegitimate and fake wholesalers.
2. Liquidation and Closing Out Sales
Liquidation sales and closing out sales are a terrific way to find stocks at amazingly low prices. Prices are usually way below the original cost price. You can even get hold of brand name items at bargain prices as low as 10% of retail. Before buying, though, find out first why the products are being sold, and inspect the items if possible. You don’t want to buy items that you will not be able to sell because they are outdated or damaged. Make sure the possibility of damaged or returned items in the liquidation pallet is small.
3. Clearance Sales
From time to time, major stores hold a stock clearance sale especially at the end of the season. You can buy items at half the price or even lower. This is a good chance to find items that you can sell at a profit. Find out when the store will have a clearance sale, and you can make this a great way to get your stocks.
You can also get your stocks directly from manufacturers. Many of them are from China. The only catch is that you have to buy in bulk and the minimum order could be hundreds or thousands of pieces of a certain product. While the prices are really low, you may not want to buy so many pieces of one kind of product. Again, you can find manufacturers in wholesale directories.
In the end, you are the only one who can decide what kind of supplier is best for you. Use a wholesale directory to connect with the supplier that suits your needs.