Discounts and wholesale prices may be easy to find at closeouts, but it
is not easy to know if you're being overcharged. You could very well be
overcharged without correct knowledge of the wholesale price of a
frequently and easily take advantage of this lack of knowledge by
inflating prices, selling them for more than their true wholesale
price. Some companies even act like street vendors, sizing you up from
your appearance and then offering you a price. Still other, sneakier
wholesale sellers will try to gauge your experience in purchasing
wholesale before pricing their goods. It is a common occurrence to find
two identical products, offered for two very different prices. However,
you won't have to break the bank for similar closeout products. Someone
with a little more buying experience could be buying the same products
for a fraction of your buying price. More careful spenders can take
advantage of these man made fluctuations and increase profits, where
others may waste large sums of money.
But even liquidator and wholesaler prices aren't immune to the chain of
supply, and may become inflated. The seller can take his cut at each
stage of the product's shipping and sale. All this is passed either to
you, if you plan to keep the product, or your customers if you are
re-selling them In fact, a lot of wholesalers may have bought their
products from other wholesalers before selling to you, and the chain
may go on for a while. If you can, look for a supplier who isn't one of
these middlemen for greater discounts and higher profits.
Also, be sure you research the wholesale prices
of the goods you wish to buy, so you can purchase them at their true
prices. In fact, it would be a good idea to research every aspect of
your product thoroughly before you buy it. If the product is imported,
you should know who imports it. You should know the costs that have
cone into transporting your product, all the way from the source. It's
quite possible you can find a supplier closer to the source, who can
give you greater discounts and get closer to the true wholesale price.
Also, keep in mind that even though your wholesaler may tell you that
you are getting the true price, this doesn't mean you actually are. It
is his job to sell you the product, but it is your job to research and
be sure you are getting what you pay for.
If you research your product properly, you will be able to haggle the
price effectively down to the proper price. However, remember that you
shouldn't have to haggle to get the proper price. New, inexperienced
buyers can easily be duped into paying double for a product, but
experienced buyers will not be taken so easily. If you can go to the
source and get lower prices that way, it is in your best interest to do
so. Your best bet would be going to a direct wholesaler or a closeout
specialist instead of buying from a distributor.
Buying from genuine liquidators at low wholesale prices ensures that
you will be able to sell your products to customers for lower prices as
well. And of course, having lower prices will increase your sales and
improve profit margins by making your business more competitive.
, Wholesale Sources for Closeouts
and Liquidations. RhinoMart.com is your leader for Wholesale Merchandise. We carry over 100,000 profit making wholesale items!