WHOLESALE VS. DROPSHIPPING

Wholesale: the selling of goods in large quantities to be retailed by others (usually sold by 12 units each purchase)

My first business selling sunglasses I used wholesale products. The process was simple I went online and purchased my orders in bulk (every order came with 12 pairs) I literally felt like I was just online shopping. Once I received my package in the mail I set my own prices to add to my website. I used the photos given from my wholesale vendor to add to my site as well.

Pros: You don’t have to make the items yourself, different sizes & colors already come prepackaged

Risk: The greatest risk come from figuring out how to differentiate yourself from the many other retailers selling the same products.

Cons: No room for customizing products, you can’t choose how many colors or sizes in each order & it can get expensive! Most wholesale vendors offer the same products so since you are selling common items you have to work even harder to differentiate your store

Tip: Since you are buying items that are sold to public boutique's try your best to create a strong brand and get creative with packaging!

Frequently asked question: Can you buy a product wholesale & then customize it yourself? YES

Purchase The Whole Vendor's List Here


 

Dropshipping: Please understand that drop shipping is a fulfillment method! The process works by taking orders from your online business and forwarding them to your supplier/dropship partner. They in return, ship the product to your customer on behalf of your company.

My second business selling hair I partnered with a dropshipping company. I was over running to the post office, dealing with tracking numbers, lost packages & trying to keep inventory in my house. The last straw for me was buying hair in bulk and not selling as much as I expected. Imagine having a bunch of inventory that no one is buying! a complete waste of money. 

Pros: Since you don’t actually purchase your inventory upfront you aren’t taking the risk of having items you can’t sell.

Risk: The greatest risk is trusting the company to not have errors or mistakes during shipping (damaged goods, printing labels, ect)

Cons: One of the other major disadvantages of dropshipping is backordering. Because you’re relying on someone else’s inventory, the occasion may arise where you place a shipment request to the wholesaler, but the product is sold out.

Tip: The key to making money with dropshipping is making a profit on the price difference between what you charge and what your dropshipping partners charge you.

Frequently asked question: will your customer know that another company shipped out the order or how much you paid? <strong "="" data-redactor-tag="strong">NO The customer will not receive a receipt from the company, it is private label.

Can I add my own logo to the tags or packaging? YES prices will vary.

Comments (3 Responses)

02 January, 2019

Joey Punch

Hello
Thanks for sharing this great article. Please keep it up. I am here to introduce my “wholesale printing for dealers” program in USA & Canada. We are offering a worlds cheapest printing service in Omaha, NE.

Being a wholesale door hanger printing company we can say that door hangers are most effective in where you want to spread consistent message or any sort of campaign through a desired area.

For More: wholesaleprintingbuyersclub.com
Regards

Hello Dear Colin,
Thanks for sharing this great article. Please keep it up. I am here to introduce my “wholesale printing for dealers” program in USA & Canada. We are offering a worlds cheapest printing service in Omaha, NE.

Being a wholesale door hanger printing company we can say that door hangers are most effective in where you want to spread consistent message or any sort of campaign through a desired area.

For More: wholesaleprintingbuyersclub.com
Regards
Joey Punch

26 December, 2018

Guadalupe B. Lewis

Hi BRITNEY,
Thanks for sharing this great article. Please keep it up. I am here to introduce my “wholesale printing for dealers” program in USA & Canada. We are offering a worlds cheapest printing service in Omaha, NE.

At Wholesale Printing Buyers Club we never print until we have your approval.

More Details: https://www.wholesaleprintingbuyersclub.com/wholesale-brochure-flyer-printing/products/4/

Regards

04 December, 2018

Chris

Great stuff on dropshipping Britney.

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