If you’re looking to get into the wholesaling business, the process might seem a bit intimidating at first. After all, if you’re an individual or a small business without much cash flow, you might not think it’s feasible to get started right away.
However, thanks to the rise of e-commerce platforms like Amazon, getting started as a wholesaler is much easier than ever before. Even though it may be less risky and cost-prohibitive than starting a manufacturing business from scratch, wholesaling still requires that you find suppliers for the products that you want to sell.
Decide on a Niche
The first thing you should do is decide on a niche for your business. This will help you narrow down the types of products that you should be looking to buy.
It’s also important to remember that the more niche your business is, the more specialized your suppliers will have to be. This can make the search for suppliers easier, as you’ll have a smaller pool of options.
Network and Ask around
If you’re new to the world of wholesaling, it’s likely that you have a few connections who have experience in this type of business. These could be friends or family members who have wholesaled in the past, or they could be people you’ve met in your day-to-day life.
To do this, start by asking around to see if anyone has connections with suppliers in your niche.
Try to Find Manufacturer Suppliers Yourself
If you have the time and resources, you can actually look for manufacturers yourself and then approach them to sell their products. This can be a bit more difficult, but it can also be a great way to find suppliers who you know will be reliable. This can be done through tools like Google or LinkedIn. You can also use trade magazines to find manufacturers as well.
You can then approach these manufacturers to see if they are interested in selling to distributors. You can write a short blog about your business. You can also use guest posting on real blogs with traffic and let them write for you.