If you can fabricate your own designs or make small improvements to existing ones, you have the potential to sell completely unique goods that no other store can offer. You can also find information about wholesalers by using search engines and online directories. Make sure you also understand the cost of the order and the processing and shipping times.
And depending on the item and the brand, the minimum order can be as low as a hundred dollars. Another great way to find wholesale vendors is by attending local trade shows.
For example, a site called WholesaleCentral. If you live near a major city, you should definitely go and check out a trade show if you have the time. All you need is a sellers permit and in most cases admission is free. Buying direct from the manufacturer is the holy grail of merchandising , but it also takes the most amount of work, dedication and time.
These days, almost everything is manufactured overseas because labor costs are much cheaper. Buying direct from the manufacturer or from overseas vendors is the best way to obtain the lowest prices , but it also presents the greatest upfront headaches.
After reading about all of the hassles outlined above, is it really worth it? The answer is a resounding yes. The prices are unbeatable and the upfront investment is worth it in the long run. You will be able to competitively price your products. You will be able to out price the larger chains and you will be able to differentiate yourself from the competition.
Once you have confidence in your manufacturers, you can design your own custom products and that is where the big money starts to kick in. If you can fabricate your own designs or make small improvements to existing ones, you have the potential to sell completely unique goods that no other store can offer. A great place to start is online. There are a variety of search engines for overseas manufacturers.
And if you can, hop on a plane and visit them directly. Especially if you are dealing with Asian vendors, face to face communication is strongly preferred in order to establish a good relationship. Two, you will get to see their entire inventory of products in person to judge their quality. And three, you will be able to place a face with a name and get to know them on a personal level. Before meeting our first vendor face to face, I remember picturing him as a sleazy Asian dude wearing a wife beater and smoking a cigarette.
Much to my surprise, our supplier was actually clean cut and a pleasant, honest looking fellow. After meeting him face to face, I had much more confidence in ordering from him. Because face to face communication is so important, my wife and I travel to China and Hong Kong every other year to visit our vendors.
While finding and contacting vendors via Alibaba and Global Sources is fairly straightforward, it is a very slow and cumbersome process. Add in the time difference and you only have a small window of time everyday to communicate. But what if you could contact and see sample products for thousands of Chinese vendors all at once in a single location? What if you could see and touch all of the merchandise without having to wait several weeks?
Because so many different vendors congregate at these fairs and bring their merchandise with them, you can easily cover hundreds of vendors in the span of just a few days.
Everything is right there at your fingertips. If you are finding your Asian vendors via Global Sources and Alibaba, keep in mind that these two services have different strengths. If you are sourcing electronics, then Global Sources is by far the better service. But on the flip side, the vendors on Global Sources are more established and prefer to work with companies with greater purchasing power.
As a result, the minimum order quantities tend to be higher. Some companies on Alibaba are trading companies. Some listings are individuals doing wholesale arbitrage online. While the prices for your goods will tend to be cheaper if purchased from China, importing from Asia will not always be the right answer for everyone. There are many factors that you need to take into account.
First off, the main advantage of importing from China is that the labor costs are significantly cheaper. Therefore if what you want to sell is labor intensive, going with China will almost always be cheaper. So textiles, clothing and anything that needs to be handmade are ideal candidates for importing. The cost of plastic between the US and Asia will probably not differ enough to warrant manufacturing in China.
The other thing you need to consider are the minimum order quantities and the cost of shipping and customs. I created a true landed cost of goods shipping calculator that you should check out if you plan on importing from overseas.
Click here to check it out. A lot of people come to me and ask if China is the right answer when manufacturing t shirts and dresses. If you are doing huge volumes, then the answer is yes. But for most beginners, making clothing in China is overkill.
Only once you have the patterns down and know that you can sell in sufficient volume should you import a large quantity. For textiles and clothing, you can visit the local garment district in your area.
If you want to manufacture your own goods in the US, check out ThomasNet. Legwork always pays dividends. How you prefer to obtain your goods from your suppliers is up to you, but buying direct is a no brainer in my book.
The more work that you are willing to put into your business, the more profits that you will make. No one said that opening an online store was going to be easy. By placing a larger investment of your time upfront, you will pave the way to greater rewards in the future. In this 6 day mini course, I reveal the steps that my wife and I took to earn thousand dollars in the span of just a year. Best of all, it's free and you'll receive weekly ecommerce tips and strategies!
I am fairly new to selling. This has really help me decide what I would like to do dor a living. I would like to open my own online boutique. However I dumb to the entire process from building the website to finding suppliers to fill my store. If any one who has been there done that and succeeded and can point me in a good direction to start please email me lmorrow gmail.
China is difficult to deal with sometimes. Finding a good manufacturer that is not looking to scam you or take no responsibilities for mistakes is tricky.
For many Chinese, getting rich fast is nr. Vietnam is a bit more service minded. You also can find many Suppliers in Sialkot Pakistan. Who can be willing to work on lower Moqs like Pcs per Article. Could you provide a couple of companies that I could look into. I am interested in opening a clothing store and am starting to research where I could my merchandise from. What do the minimum quantities look like? Any information you can send me would be great and if you have a website where I can see the type of merchandise you carry.
I agree, vietnam is very good for clothing supply, we are a manufacturer in vietnam and we supply many businesses in usa and France…. I am going to get some snack food from foreign country. What should I take note when dealing with the manufacturer in the starting? I am very much wanting to start up my own on line clothing store. Complete all your legal paperwork. And follow due process when acquiring a location for your business.
Before proceeding to deal with wholesalers, you need to understand the types of wholesalers there are as well as how they operate. This will help you make well-informed choices and decisions. There are different type of wholesalers based on their size, distribution channels, and supply chains.
You will need to find smaller wholesale distributors who will gladly sell smaller volumes. As your sales volume grows, you can deal with bigger wholesalers and demand better wholesale volumes. Having set up your business correctly and understood wholesalers and their modes of operation, you can start finding the right wholesalers for your clothing retails store.
If you know of reputable clothing retail stores in your locale, you should check their merchandise. This will give you an idea of what stock you need and which merchandise appears to be in vogue. So, you can quickly figure out what their best selling stock is. And if you are not a direct competitor to that store, you can ask the business owner about where they source their stock and ask for wholesale recommendations.
You can also find information about wholesalers by using search engines and online directories. These offer good sources of information about wholesalers within your locality that you can contact and do business with.
Trade magazines and other periodic publications are also good sources of information about clothing wholesalers. Many of wholesalers use these magazines as media for placing ads.
Once you have found a number of clothing wholesalers that you think will be a fit for your business, you should contact them. There are several questions you need to ask then before deciding whether to go ahead with them or not. Ask about minimum orders retailers can place. You must ensure that they can allow you to buy from them in smaller volumes.
It's easier to find a wholesale supplier if you know exactly which products you need. If you already know what you want to sell, here are 10 tips for finding a wholesale distributor for your business. Another great way to find wholesale vendors is by attending local trade shows. For example, a site called flip13bubble.tk lists all of the trade shows in the US based on product category. If you live near a major city, you should definitely go and check out a trade show if you have the time. Clothing manufacturers can also direct you to wholesalers of their products if they don’t sell wholesale themselves or cannot sell to you because you are not a high volume retailer. You can also find information about wholesalers by using search engines and online directories.