A relatively speedy way of getting a head start in the business of buying and selling wholesale products is to buy the goods from China. The items found there are inexpensive and numerous. Many brand names are also being manufactured in China so the companies and wholesale dealers are already quite used to dealing with foreigners in business.
Let us go through things that we should not forget when acquiring wholesale supplies. First you must identify the kinds of items you would want to buy. As much as possible keep the items to things you have had a working experience with before or at least made a hobby out of a part of it. This will give you a more detailed insight on the item and will help you when determining if you should or should not buy a particular item for the price that is given. From that list further refine it to items that you know people need to buy every so often like discount apparel.
If you are versed in the trends of different product ranges you can also capitalize on that. Capitalizing on trends though will need inside information for that particular product from distributors and wholesale dealers alike. Remember in buying wholesale supplies that are faddish you need to find out very early in the game which is hot and which is not. If you do not have access to that information you might get stuck with out of date discount apparel, shoes, bags or other items that no one will buy.
So how to buy wholesale from China? When it comes to Chinese wholesale dealers be sure to check and verify their legality as well as their business track record just like for wholesalers here as well. Study the listings of wholesalers and look for people they have already conducted business with. You can then call these people up and get first hand information and tips on if they are reliable to use as dealers and if there are any tips that one needs to interact with them.
Remember not to assume that the distributors in China think and understand like you do. There are cultural things that might get lost in translation because we assume they already know. Remember to check if they understand what you really want done or delivered and in exact terms so there is no misunderstanding. Be sure to remember to ask about shipping and who will shoulder the costs as well as trade taxes if any. Be aware that their warehouses may not be in the US and taxes, shipping and time lines are different and must be factored in.
A very important thing to remember is to go out of your way to get to know your contact in the Chinese company. Be familiar with him or her to ensure smoother communication and open business lines. This will help in a multitude of ways.
Do prioritize having ready retailers to distribute to once the goods from China arrive. If you do not then you will have to pay for additional storage charges. It is best to have ready retailers waiting to get the discount apparel or wholesale supplies immediately and transfer it to their own warehouses to avoid you paying storage fees.