One key factor to succeeding in business is having products that are in hot demand.
Your wholesale business needs to have the merchandise which resellers are being asked for by their customers. Since your sales are driven by the success of your customers, who in turn need to sell the wholesale merchandise they buy from you, it would make sense for you to offer the hottest merchandise available on the market.
But how can you determine which wholesale merchandise is in the most demand?
One way to ascertain this is by polling your wholesale customers.
Ask them straight out what line of merchandise they need for their customers.
Since your customers are in business to make money, they will be glad to share this information with you.
They realize that as a wholesaler you are not going to compete with them on the retail level.
For this reason they will be secure in telling you the exact type of merchandise they need. So next time you are trying to figure out what the hottest wholesale merchandise is, simply ask your customers.
Remember, the wholesale deals that your customers need, is the hot merchandise as far as you are concerned.
Because even if for example DVD players are a hot wholesale item, if your customers are looking for good wholesale deals on televisions, then as far as your business is concerned, the hot item is currently a television.
Keep this in mind while you develop your wholesale business and you will have a very good chance of always selling your wholesale inventory.
Donny Lowy is the CEO of http://www.closeoutexplosion.com , an online wholesale and closeout business.