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FIB - Scams 101 - Ye Olde Archives
Posted By: Robert C. Potter <potywop@aol.com> In Response To: You found the problem.... (Jim Wilson)
Thursday, 9 December 2004, at 12:01 p.m.
The trouble is trying to find the solution."
There is a solution if people are willing to do the work involved in finding wholesale distributors. Most of my time is spent looking over trade publications--and associations--in addition to the 100 search terms I have perfected to find sources that require "Resale Certificates."
People don't have to develop search terms like I did, but they can find associations and trade publications to solicit their membership list. There is "wholesale gold" in some of the information contained within the National Association Of Wholesale Distributors.
Just about every product in the US has a dedicated trade
association. See here: http://www.naw.org/Template.cfm Section=Associations&Template=/CustomSource/assoclist.htm
You can find wholesale distributors within those associations. You won't find them in all associations, but there are some that will list their wholesale members. For other association listings, you can go to the Library Reference section and ask for the "Encyclopedia Of Associations."
"The problem is finding a constant supply of desired products at the right price so as to allow enough of a profit margin to make it worth your while. The trouble is unless you have a big bankroll and a large enough place to store the large quantity you would probably have to purchase in order to get the best prices, you are sort of stuck. Or are you?"
You can find consistent supply, but there are some "supply & demand" realities that must be emphasized. People think that you will get current, in demand retail items at flea market prices. That is a myth. Very doubtful that anyone will get a Sony Vaio Laptop for 500 dollars, or the latest LV Handbag for 100 dollars. I have a hard time explaining to people that you really have to find a "niche" in your product of choice. You will never compete with large retail sellers such as Amazon, and Wal-Mart.
"Finally you could use the Thomas Registry online and seek out local manufacturers of items you wish to market. This is extremely time consuming and can be difficult to use effectively so be prepared to take some time in completing this one."
While I am a supporter of the Thomas Register, this wonderful reference has more listings of industrial manufacters than wholesalers or surplus dealers. It is more for people who want to develop product (IMHO). Yes, you can find wholesale distributors, but you will spend a lot of time (as you have mentioned) wadding through a "bunch" of listings unrelated to wholesale and surplus supply.
"Anything worth having is worth working for. Online work means just that and plenty of it. And noone who ever quite ever succeeded. Those three sentences alone summarize quite well just what frame of mind you should be in as you continue your efforts.
Good luck!
Jim Wilson
AuctionHints.com and HelpSean.com
Won't You Please Help Us To Help Sean?"
Great post Jim, and I find your forum, and advice quite good. Keep up the good work and I wish you all the best in your efforts to help Sean battle Leukemia..
Warmest Regards..
Robert C. Potter
The Ultimate Guide To Products For Resale
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