Entrepreneurs - especially those who work from home - are always on the lookout for ways to increase revenue streams. These days, home entrepreneurs are turning to wholesale websites to start or diversify their own businesses. Whether you have a storefront, a table at a flea market, your own website or another online presence, there are ways you can use Chinese wholesale companies to create a continuing income stream. Here are four different revenue models based on low wholesale prices and other services offered by many Asian wholesale websites.
Electronic Gadgets on Store Shelves
When neighborhood stores have to compete with big national chains that can take advantage of bulk pricing on the neatest new gadgets, the little guys almost always lose. Now, even the smallest stores can add the latest imported electronic gadgets to their store displays at wholesale prices. Order as few as three items to get extra savings on mobile phones, Android tablets and cool gift items that customers will love. When you establish an account with a Chinese wholesale website, you can take advantage of specials that will allow you even bigger profit margins on the items your customers want most.
Selling at Flea Markets and Home Shows
You can easily pick up extra cash - or even make a full-time living - at flea markets. Most people think of flea markets as places to find secondhand goods and score the occasional cool antique, but today's flea marketers often sell brand new merchandise at low prices. Where do they source that merchandise? More often than not, they order from wholesale websites where they can find mobile phones, low-priced electronics and unique gift items. If you're looking for flea market or home show merchandise, Chinese wholesale websites are an excellent resource. Consider gadget-y, geeky items that can sell for cheap but look cool, such as LED touch screen watches.
The eBay Store
eBay is still a major player in etailing, and sellers rake in big bucks by taking advantage of eBay's built-in ordering and payment processing. You can set up an eBay store or run actions. Electronic gadgets like digital photo frames, digital cameras and GPS navigators sell very well on eBay and other auction sites. If you purchase at low wholesale prices, you can score high profits with items that look a lot more expensive than they actually are. Establish a Buy It Now price that guarantees a profit, and you'll find that you sell nearly as much at the Buy It Now price as you do with auctions.
Your Own Website
One of the easiest ways to make money with wholesale merchandise is to sell on your own website and take advantage of the free drop shipping offered on many Asian wholesale websites. When you choose drop shipping, you don't have to order and pay for merchandise that you may not be able to sell. You only order merchandise that you've already sold. You don't have to store inventory and provide security for it. The wholesale company will ship the merchandise directly to your customers. You never touch it, and depending on the company and the order, you may not even have to pay for the shipping. Some wholesale websites make it really easy for you by providing an RSS feed or XML file you can use to set up your website with almost no coding at all. It couldn't be simpler - you set up your website and put your efforts into marketing.
No matter which revenue model you choose, you'll find the best prices when you stock your store or website with merchandise from a Chinese wholesale website.
Electronic Gadgets on Store Shelves
When neighborhood stores have to compete with big national chains that can take advantage of bulk pricing on the neatest new gadgets, the little guys almost always lose. Now, even the smallest stores can add the latest imported electronic gadgets to their store displays at wholesale prices. Order as few as three items to get extra savings on mobile phones, Android tablets and cool gift items that customers will love. When you establish an account with a Chinese wholesale website, you can take advantage of specials that will allow you even bigger profit margins on the items your customers want most.
Selling at Flea Markets and Home Shows
You can easily pick up extra cash - or even make a full-time living - at flea markets. Most people think of flea markets as places to find secondhand goods and score the occasional cool antique, but today's flea marketers often sell brand new merchandise at low prices. Where do they source that merchandise? More often than not, they order from wholesale websites where they can find mobile phones, low-priced electronics and unique gift items. If you're looking for flea market or home show merchandise, Chinese wholesale websites are an excellent resource. Consider gadget-y, geeky items that can sell for cheap but look cool, such as LED touch screen watches.
The eBay Store
eBay is still a major player in etailing, and sellers rake in big bucks by taking advantage of eBay's built-in ordering and payment processing. You can set up an eBay store or run actions. Electronic gadgets like digital photo frames, digital cameras and GPS navigators sell very well on eBay and other auction sites. If you purchase at low wholesale prices, you can score high profits with items that look a lot more expensive than they actually are. Establish a Buy It Now price that guarantees a profit, and you'll find that you sell nearly as much at the Buy It Now price as you do with auctions.
Your Own Website
One of the easiest ways to make money with wholesale merchandise is to sell on your own website and take advantage of the free drop shipping offered on many Asian wholesale websites. When you choose drop shipping, you don't have to order and pay for merchandise that you may not be able to sell. You only order merchandise that you've already sold. You don't have to store inventory and provide security for it. The wholesale company will ship the merchandise directly to your customers. You never touch it, and depending on the company and the order, you may not even have to pay for the shipping. Some wholesale websites make it really easy for you by providing an RSS feed or XML file you can use to set up your website with almost no coding at all. It couldn't be simpler - you set up your website and put your efforts into marketing.
No matter which revenue model you choose, you'll find the best prices when you stock your store or website with merchandise from a Chinese wholesale website.