The Wholesale Bible

by  Jason Chinn   Before You Take a Trip to China Looking for a Manufacturer... Before You Take a Trip to China Looking for a Manufacturer... ...there are a few things you need to know. China is a hotspot for sourcing cost-effective manufacturers, and so many entrepreneurs seek out a factory there to bring their products to life. But as they often find, there's a lot to navigate. Take Andrew Moore, the owner of Felony Case, who started off hand-making his unique iPhone cases before travelling to China to find a manufacturer. In this episode of Shopify Masters, he'll share how to plan your trip to China to find manufacturers and make the best use of your time—including what time of year to go and how to work with a "fixer" in China.

Welcome to The Wholesale Bible! 🛒 Today's post explores [ BUYER BEWARE ] —a useful guide for wholesalers, resellers, and savvy online entrepreneurs. Buyer Beware: Watch Out for Dropship Middlemen Ever been scrolling through Facebook Marketplace or eBay, found what looks like the perfect gadget or a unique gift, and clicked 'Buy Now'? You pay a reasonable £25, the seller's location says they're just down the road in Cardiff or Bristol, but then the delivery estimate is... four weeks? If this sounds familiar, you've likely encountered a dropship middleman . Here in Maesteg, like everywhere else across the UK, we're all looking for a good deal online. But a growing trend is making it harder to know if you're getting value for your money or simply being overcharged. It's time to talk about dropshipping and how you can become a savvier shopper. What Exactly is a Dropship Middleman? In simple terms, a dropship middleman is a seller who lists produ...

Liquidation vs. Wholesale: What’s the Difference? PART 1 Posted on  August 18, 2016  by  Melissa Gieringer There is often confusion on how liquidation and wholesale differ (or if they do at all). In fact, there is a huge difference between the two. Read on for overview of both. Liquidation typically means an organization is trying to turn excess, overstock, or obsolete assets into cash, quickly. For retailers, obsolete merchandise costs money because 1) the goods depreciate with age, 2) they take up space in the warehouse, and 3) they tie up capital. Most retailers will end up selling – aka liquidating – 95 percent of this excess inventory on the secondary market to free up capital and warehouse space; it will be sold at a loss. Historically, large retailers and manufacturers have sold this liquidation inventory in bulk through negotiated transactions with a handful of buyers. These sales are generally at prices well below retail MSRP. Over the past few years...