Jena asks, “I’ve heard there are many fake wholesale sites online. What do I look for on a website to determine if they are a real wholesaler or manufacturer?”
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Great question. A lot of people have been screwed by these fake wholesale sites. Here’s a few easy ways to tell if a site is real.
- Real wholesale sites want sales tax license information. They don’t want to deal with people who aren’t businesses and use this to weed out people.
- Real wholesale sites don’t charge membership fees. They might require you to create a free account, but they won’t charge you to buy items from them.
- Real wholesale sites won’t sell you single items. If the site is willing to break open a case or carton it’s probably not a wholesale site. Some manufacturer websites will sell single items, but they’ll require additional information from you like sales tax licenses, proof of a business location etc. . . Basically, the manufacturers set up hurdles to prevent retail shoppers from buying items at a discount.
- Real wholesale sites don’t charge sales tax. Only retail buyers need to pay sales tax, so this is a big clue.
- Real wholesale sites have prices lower than retail sites. In many industries, wholesale prices are about 60% of retail. The percentage is different depending on industry, but if you see a site offering something for $10 each in case lots, and see the same items sold individually elsewhere for $11 the site is probably not a real wholesaler.
The interview I did with Scott Prock on Finding Wholesale Products has more information on this topic.
Here’s a list of articles on about Finding eBay Products
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