Reselling Success: 7 Secrets About How to Buy in Bulk for Resale

Are you looking to buy in bulk for resale on sites like Amazon, Shopify, or even your own online store? If so, you have the opportunity to build a winning business. E-commerce is more competitive than ever, however, and you need the right strategies to make your online store lucrative.

In this article, the experts at TVCMALL will walk you through the game-changing secrets that will unlock success as you buy items in bulk for resale.

 

1.Get the Required Permits and Licenses to Buy Things in Bulk

 

Fees and penalties can quickly sink your dreams when you start bulk-buying online. The fines associated with failing to secure the right licenses are reason enough to triple-check that your business is on the up and up with local laws and regulations.

However, securing the right permits can help you in other ways. In the United States, for example, having a license to buy bulk items can help you avoid sales tax when you purchase your inventory. Having all of the necessary paperwork for your business can also help you join industry and business organizations, which serve as important resources for business owners.

 

2.Manage Your Inventory Like a Pro When You Buy Stuff in Bulk

 

Whether you have a large warehouse downtown or utility closet in the basement, managing your inventory properly is key for success when you buy in bulk online. Good inventory management techniques will help you in several ways:

• Avoid unknowingly running out of stock.
• Track sales trends so that you can buy stuff in bulk more efficiently.
• Time sales and discounts to unload unsold inventory.
• Have a detailed inventory list for insurance and tax purposes.
• Avoid paying for unnecessary storage space for bulk-buy wholesale items.
• Identify high-selling and low-selling items.

 

3.Thoroughly Research Products and the Market Before You Bulk-Buy Online

 

Your gut may tell you that specific products are sure winners. But make sure you thoroughly research the product and the market before you invest. Below are some tips.

• Use Google Trends to discover trending products.
• Use Google Keyword Planner to discover potential competition for your niche.
• Use eBay’s Terapeak product research tool to find more information about sales trends and prices.
• Look for other sellers who are offering the product.

 

4.Try the Product Before You Sell It

 

Purchase a single unit and use it before you decide to offer it on your e-commerce site. Doing so will alert you to any potential quality issues. Also, oftentimes, what looks like a great product just isn’t that useful. Trying it before you offer it to your customers can help you avoid the added expense of customer service calls and returns.

 

5.Start Small When Purchasing from Bulk-Buying Websites

 

True, you get a better price when you purchase a large quantity from buy-in-bulk websites. But resist the urge to go all-in on a nifty solar-powered cell phone charger. When it comes to bulk-buying wholesale inventory, it’s better to start small with just a few items. See how they sell before you invest in a large bulk buy.

 

6.Look Beyond Price When Searching Where to Buy Things in Bulk to Resell

 

When you’re ready to launch your online store, you’ll be tempted to search for where to buy in bulk online for cheap. While price is an important consideration, there are other factors to look at when finding a wholesaler where you can buy in bulk from China. Ask the following questions when considering a wholesaler:

What is the wholesaler’s return policy? A solid return policy indicates that the wholesaler offers quality products and isn’t afraid to back them up.

Does the wholesaler offer custom branding for products and packaging? Custom branding further differentiates you from your competitors.

Does the wholesaler offer 24/7 support? Round-the-clock customer support boosts your own brand reputation because you’re able to deal with customer service issues more quickly.

Does the wholesaler offer a dropshipping option? Dropshipping allows you to gauge the market for the product before buying in bulk.

 

7.THRIVE When You Buy in Bulk from TVCMALL

 

We back our products up with a return policy and 24/7 customer support. We also offer options for customizing products with your branding or designs. Find out why TVCMALL has an Excellent rating from Trustpilot. Contact us today.