High profit wholesale business

Online, January 8, 2010 (Newswire.com) - High profit wholesale business (1) --- Preparation
Recently some readers expressed their strong desire to get some information about wholesale of clothing. Because garments made in China are cheap and the quality is medium. They want to purchase a lot of cheap clothing from China and then sell in their own countries at a medium price. In this way, they can make a remarkable profit. But they don't know how to find good suppliers and how to pick the suitable styles. So they asked me for advices. And I told them before they make their purchase they should think clearly the following questions and then make a decision.

1. Who are your main customers? This is very important. One should know clearly what kind of customers he want to attract, women or men, children, adolescent, youth, middle-aged or the old people, career women or housewives. People usually believe that clothing for women and children sells faster, but we should know the competition is also fiercer. So think carefully and do not make your decision in rush.

2. Which style of clothing you want to sell? There are a lot of styles in the market and which one is your choice. If your main customers are women, then you should decide which style you want, casual, sport or formal. You can have a survey about how much girls pay for their clothing and which style are their favorite. Don't forget to see how much competitors you may have. After all these, you can make your decision

What I mentioned above is the preparation for clothing business. In next page, I will continue about cautions at the stage of wholesale.

High profit wholesale business (2)
---only buy a few at the first time
The article I written yesterday got good response from the readers and I was very happy. One reader named Lisa told me she wanted to sell female clothing at EBay, but she didn't know how to find a good supplier. She really hoped that my next article could help her. Yes, this is just what I am going to do.
Surf internet and find a suitable supplier. The internet is full of information and what you need to do is to find it out. China is the factory of the world and you can get almost everything in Chinese market. There is a famous website for foreigners, http://www.alibaba.com/ , in which a lot of Chinese factories post the information of their products. And the web has a search engine which helps find wanted information.
Contact the factory. After you find wanted information, you can contact the customer service online or by email. After seeing several factories, you can make your order.
Only buy a few for the first time. Buying online you can not see the goods with your own eyes, and you don't know if it is really good. So please don't buy too much. Even you can return the goods; you waste your time and money.
Buy from several factories at the same time. After comparison of prices and shipping fees, you can buy a few from each factory. For instance, you buy a t-shirt and a dress from http://www.wholesale-dress.net/ for 25 dollar and DHL shipping fee is 13.99 dollar. The second shop is http://www.yesstyle.com/en/home.html , you pay $45 for a t-shirt and a dress and $9.99 for shipping fee. After the goods arrived, you can compare the quality. You may find the quality is almost the same, but the second shop is more expensive. So you know you can make more profit if you wholesale from the first shop.

High profit wholesale business (3)
---Get a cheaper price
To businessman, profit is the most important. And the main way to achieve profit for a clothing dealer is to buy clothing at a very cheap price from the supplier and sell to customers at a higher price. The cheaper price he can get means the more profit he can get. Now I would like to say something about how to get a cheaper price from the supplier.

Find drop shipper as your supplier. Middlemen are the killers of profit by increase the cost of an item. It's essential to find a wholesaler or drop shipper who offers you the greatest possible price for your items if you want to bypass middleman trickery.

The second way is bulk purchase. In China the rule is the more you buy the cheaper price you can get. That is why team buy is so popular in China. As I mention in last article, for the first time you should buy a few to make sure the quality, but for the second time, you can buy a lot in order to get a cheaper price. For example: the wholesale-dress has a 10% discount for all order above 1000 dollars, if you buy even more, contact their customer service, I think you can get a cheaper price. If you still think the price is high, you can join in team buy.

Do not forget to discuss on the return policy. The return policy is very important, what about if something is wrong with the clothing or if the clothing doesn't sell well in your country.

High profit wholesale business (4)
---Sense of fashion and data analysis
For clothing dealers, your sense of fashion is very important. Clothing has a close relationship with fashion. If the clothing you purchase follows the latest fashion, it is more likely people will like it and you can sell at a higher price, then you can earn more money. So it is important for the dealers to know the next fashion trend and buy it from your suppliers in advance. When the trend come, you already have the goods and they will be very popular.
But not everyone knows fashion well. If you do not have a strong sense of fashion, you can see more fashion magazines, watch more runways and search information about fashion in the internet. As far as you read more with your heart, you will have progress.
Except fashion sense, data analysis is also very important. As we all know, everyone even the fashion masters can make mistakes, not to mention you and me. So a database is needed. You can record the amount of the clothing, how long it takes to sell out, the money you earn and so on. You can analysis which size sells better, S, M or L, if size L sells better and faster then in the next time you can buy more L and which color and style the customers like best. The analysis of the database can help the dealers to understand the market better and faster. If a dealer is very familiar with the market, the day of high profit is not far away.

High profit wholesale business (5)
Keep good relationship with the supplier
Seeing the title, you may ask why? Actually business practices and relationships in China are very different from those commonly encountered in the other countries. If a trusting relationship is cultivated, business transactions may follow. For clothing wholesale dealers, there are at least two advantages.

1. Get the latest information about new arrivals and out of stocks. This is very important to wholesale dealers. Seldom people like out of fashion, almost everyone wants the latest. If you can know the next arrivals and buy it quickly, you can get the clothing of the latest fashion before any of your competitors. People will rush to your shop and high profit is right before your hands.
If some of your clothing have something wrong, and you have to exchange them. In order to save the shipping fee, you cannot send them back as soon as you find. You have to accumulate to a certain number and send them together. But if you send them back and find they are out of stock, what can you do, waiting for restock? Of course it is not a good idea. The best solution is to send them back just before out of stock. So keeping good relation with the suppliers is very important, because they can inform you about which styles will be out of stock.

2. Ask them for advice. As a wholesale dealer, you can not concentrate all you efforts on fashion, but to them, it is their jobs, so you can ask them for advice, ask them to recommend some styles for you, which will do you a great help.

But how to keep good relationship with the suppliers?
First, pay you bill on time. Some dealers reluctant to pay on time, they always delayed, which undermine the cooperation.
Second, not complaint in angry, tell them how to improve instead. Everyone would make mistakes, don't shout angrily to them. Just tell them they made a mistake and how you want them to patch up.
Third, solve small problems by yourself. If the clothing only have very small problems and you can solve very easily. In this case, do not send them back, which will save time for both parties.
Fourth, tell them how clothing sells. The suppliers also need to know how their clothing sell in the market and you can provide them with such kind of information.

If you follow my four tips, I believe everyone can keep a good relationship with the suppliers. And I hope my readers can get some useful information from my articles. If you have some problems, you can contact me. If anyone wants to share your shopping experience to me, just tell me. Thank you for reading.