Why do you all want electrical items?
My first impressions of these forums is that everyone seems to be looking for suppliers of brand electrical goods i.e., mobile phones, game consoles, lcd tv’s, ipods etc.. The wanted forum seems to be full!!
I believe these products are what people first look for when they want to buy wholesale and sell, Personally I could think of a quite a few reasons why I stay away from electrical goods.
-Faulty products / returns - Could you afford to take a £1000 loss on a LCD TV?
-Competition – There is such a price war with electrical goods, there hardly seems to be much profit in my view, at least big company’s like Pc World, Dixons can provide a customer service.
-Discontinued items – About three months ago I brought a camcorder for £300 it is now worth no more than £100 because it has became discontinued.
-Profit margins – Is there much profit to be even made??
My advice would be to look at unbranded high value goods, I know of quite a few people who import items from china such as quad bikes, kitchen and bathroom fittings, clothing, garden furniture etc…
All these items have a lot less competition and much higher profit margins and don’t become discontinued within a few weeks.
There is money in electrical goods…. But there are easier / less competitive markets.