Selling retail products online or offline can be a great business, however, when it comes to finding genuine wholesale supplier lists you have to become aware of the many scammers on the internet waiting for unsuspecting buyers. These wholesale supplier scams promise legitimate wholesale resources but many don't deliver. Here are a few tips to become aware of so that you can be on the lookout for scams.
Watch Out for Middlemen
When purchasing wholesale items from a legitimate resource, you are dealing directly with the wholesale company. A person or company who comes between you and the wholesale company is referred to as “middlemen. " Many middlemen pose as wholesalers, yet charge business owners monthly fees and inflate wholesale prices. You end up paying a higher price for wholesale items and will be beat out by your competition who can sell the same items at a lower price. Remember, you will get the true wholesale price when dealing with a wholesale company directly.
Many Wholesalers Don't Advertise
Many wholesale companies do not feel it is worth their time to advertise to small business owners who sell on the internet. This is understandable when they have large accounts they deal with already. This is where the middlemen come in because they know the first place a new business owner will search for wholesale supplier lists is on the internet. Some wholesale companies do advertise on the internet but trying to find them could take hours or days. Don't give in and fall for the scammer lists thinking it will save you time. Do the research yourself because all the middlemen are waiting for is to take a chunk of your profit margin.
Finding Legitimate Wholesale Suppliers Isn't Simple
Many wholesale list scammers will advertise that using their list or system will make selling online easy and make you rich. Beware of the sales talk on their websites. They will over promise big sales and high profit margins. If there are legitimate wholesale supplier resources on the internet today, I bet I could count them all on one hand. Researching for true wholesalers will take time when you do it yourself and you will be better off not being ripped off by the middlemen.
If you are a small business owner who has already fallen for a scam, don't be too hard on yourself. Now you are more knowledgeable when it comes to finding wholesale suppliers yourself. Remember to keep the above tips in mind so that you are not making the middlemen rich.
Learn more about finding legitimate wholesale suppliers, drop shipping, and selling through auctions .
Eartha Haines is the author for http://www.selfemployedblog.com and http://www.homebasedbusinessbliss.com . Both are web sites which share ideas, services, products, and opportunities that may help others move closer to their dream of working for themselves.