Where to Find Wholesale Products to Resell
Reselling merchandise successfully requires you to find stock at the lowest price possible so that you can yield the greatest possible profit. For best results, you want to get as close to the manufacturers as you can. Because many major manufacturers rely on wholesale warehouses to distribute their merchandise, you should check out a variety of legitimate wholesale providers.
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Factory Wholesale Suppliers
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Large manufacturers usually rely on approved factory wholesalers to distribute their products. These are your best sources for wholesale merchandise, but they don't typically advertise online. To find official factory wholesalers, contact the manufacturers of individual products --- such as Black & Decker, Epic Records or Samsung --- present yourself as a retail seller and inquire about contact information for official wholesalers. Typically you need to speak to the sales department to obtain this information, and you need a resale license to establish accounts with the factory wholesalers.
Wholesale Warehouse Stores
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Stores such as BJ's Wholesale Club, Costco and Sam's Club offer wholesale goods to paying members. If you possess a resale license --- also called a state tax ID, wholesale ID or seller's permit in certain states --- these stores often allow you to sign up for a special business membership, which exempts you from paying sales tax.
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Wholesale Trade Shows
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Trade shows allow bargain hunters and retail sellers to come together and shop for wholesale merchandise from numerous competing manufacturers under one roof --- or tent, as the case may be. Sites that specialize in posting nationwide trade show schedules are available (see "Resources"). Before attending a trade show, visit the show's website and find out if any requirements exist for attendance. Trade shows often require you to bring a copy of a valid resale license and may have stringent rules that limit your ability to bring guests.
Online Wholesalers
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If you perform a quick search-engine query with the word "wholesale," you instantly find numerous sites that advertise wholesale merchandise. These sites often don't require you to have a resale license, but exercise caution when using these services: With a bit of research, you can find great deals from online wholesalers, but others may charge close to retail price or try to scam you altogether. Before buying from an online wholesaler, enter the company name into a search engine, along with the word "scam," "review" or "consumer report," to learn a bit about the company's background.
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