If you are looking for a way to earn money, wholesale and joblot businesses are great options to try. The process is simple, you will purchase products in bulk at a lower cost and sell them for a profit. But in order to succeed on this venture, it requires careful planning, market research, and effort. This blog will guide you to learn more about wholesale and joblot, how to find reliable suppliers, wholesale directories, trade shows, and how to use tools like google trends and eBay sold/completed stock.
What are wholesale and joblots?
Wholesale is purchasing items in bulk directly from the suppliers and manufacturer. These items are typically sold in bulk to resell individually that allows them to make a profit. Joblots are a collection of items or products that is also sold in bulk but these are excess stock, liquidation items, or returns. The products can be new, used or refurbished. This may sound risky to purchase, but joblots still offers a potential profit if you know how to inspect the items properly.
Finding the right suppliers
When entering this business, it’s Important that you have a trustworthy supplier you can work with. Direct Liquidation, Pink Liquidation, eBay and Amazon are one to the most reliable suppliers that you can check. Make sure to check legitimacy, compare prices, and check the quality.
How to find suppliers?
Begin by searching “wholesale suppliers in UK” or “joblot suppliers in UK” and explore the top results. Make sure to check if the supplier has already an established website with clear product listings, and also check if they provide customer service.
For the joblot, try searching for “clearance stock UK” or "Liquidation stock UK” to find suppliers that sell huge quantities of products or mixed lots. It’s also important to check reviews or feedback about the supplier to make sure that they're reliable. You can also check wholesale directories, and trade shows which is also a great way to source products that will help you earn more money
Example of wholesale directories
Wholesale directories are a list of resources to help you find the most trusted UK suppliers. Here are few examples:
10,377 UK Wholesale Directory
A free list of Wholesalers in the UK.
The Wholesale Forum
An online community where they share about wholesale and supplier contacts.
Directories will save you time and money in looking for a supplier, making it easier to source reliable products.
Example of Trade Shows
Trade show is a face-to-face event where you meet different suppliers. In trade shows you can see the products physically, and you can also find great deals. This will also help you connect with different suppliers and build relationships. Examples of trade shows are Top drawer, Spring Fair, Autumn Fair, Maison&Objet, Outdoor Retailer, and National Outdoor expo.
Research about the market demand
Before investing in wholesale or joblots you must be aware of the market demand to make the the products you buy will not put into waste. You can check online marketplace like Facebook marketplace, pink liquidation, eBay, and amazon to know what products people normally look for. Also make sure to research about the prices of other sellers to help you price your products competitively.
Making money by buying wholesale and joblot in the UK is not only possible but can also be profitable if you make sure that it is done right. By selecting the right products, finding the right suppliers, and being aware of the market demand can help you venture further in this business.
Choose your product
Knowing the right product that will sell quickly can lead to success with its very good profit margin. So it’s important to research before you start. You can use tools like Google trends, eBay’s sold listing, and Amazon’s best seller list to provide you more information on what product you should sell.
How to Use Google Trend and eBay Completed to Assess Stock
These are two helpful tools that you can use to know if the product that you’re considering to buy is still in demand and to know if it’s still a potential product to sell that will be profitable.
Google trend is a free tool that helps you see how often people search for a specific product.
This tool will help you know if a product is still in demand or losing its popularity. Here’s how you should use it:
Search for product name that you consider buying example is cell phone chargers, earbuds, clothes, home goods , and tools
Check interest overtime. Google trend will show a graph of search interest if the interest is trending upward that means the demand is rising but if it’s downward that means it’s not in demand.
It’s also important to consider the season. Some products are seasonal. For example, searches for winter clothes will rise during autumn and will drop in spring. Considering the season will help you decide the best time to buy and sell your stock.
Another tool is eBay completed to assess stock . This helps to show how similar items have been selling which will also show the prices and the demand. Here’s how to use it:
Go to eBay and search for the product you want to check. For example is cellphone chargers, earbuds, clothes, home goods , and tools
Filter by Completed listing or sold listing to show the recently sold items in the category.
Check the average selling price and how many similar items have been sold in the recent weeks.
Making money through buying wholesale and joblot is all about finding the right suppliers, using effective tools to know the demand of the market, having access to wholesale directories, and attending trade shows will make a big difference in your business venture. You can turn discounted item into a profit. Big or small business, with wholesale and joblot, the opportunity to grow in business is within the reach.
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