The Wholesale Forums

[Marx]

Hello everyone, I just joined this very interesting forum.

I am located in the USA and I have been doing mostly real estate deals here for a significant portion of my life.
Recently I have been finding some good deals on some items and reselling them, and the profit is really good. But this is just a small scale on the side thing. I got interested in this so I looked into the business of buying wholesale and I have exhausted myself with research and all I find is scam sites and horror stories. Why is it so hard to find a wholesaler! If a wholesaler wants to sell their product, shouldn't they deal with anyone that has the money? Right now finding a wholesaler literally seems like it's just an impossible myth.

Anyway one thing I picked up on is that the problem a few people starting are having, is that they don't have capital. Well that isn't a problem for me, but how much capital will it take to make a decent profit? I would gladly invest $1,000,000 if I can make more than 50% return in a year. Obviously I want to progress gradually though. I have no idea if I am capable of selling $1,000,000 worth of stock in a year, I need to buy a smaller amount first and see how it works out.

Now I am not expecting anyone to reveal any super valuable business secrets, but how can I even get started in looking for a supplier? Should I buy a plane ticket and head to China? I'm willing to do it if it would help. Is this business as lucrative as it looks?

[MustHaveMobiles]

If you are talking in monies of that size you are in a position to approach the manufacturers direct..

[Marx]

How can I contact manufacturers? Would they deal with me? Let's say for example I want ipods, doesn't the manufacturer have a direct contact with Apple?

[canada]

You need a retail store to deal direct with apple,information on Apple`s business programs at http://www.apple.com/channel/index.html

China is good for importing unbranded goods(no trademark).You will not find name brand goods in china for exporting, except counterfeit goods.The Authorized distributors in china sell direct to retail stores in China,they will not have an exporting permit.

Scott

[cnwelf]

1 co-operation with my shoe D & R friends
2 make shoe show room
3 go to different fair .
4 sell to them
5 get money

6 invest other industry.
1 pharma( more than 300 % return)
2 real estate.(can gain more than 10 % every month in my hometown.)

[ian.cross]

Buy land, build a house on it then sell it. if you got 1 million you should be able to build a few of houses a year and make 40%. UK prices that is. Plus it'll take you a damnsite less time giving you more time to enjoy your wealth.

[DSC]

Contary tto whats written above, as in I wouldn't get out of bed for 40% in UK property, it is possible to make high returns. One of my companies is in this sector and can advise if you want to invest in property this side of the pond.

If you have the time and the will go out to China and look for opportunities there, great potential and generally a nice place to be.

[greedyboy]

and you forgot all the hassle! Believe me it is not as easy as it seems. Getting them up is the easy part if you can get the land at the right price, selling them quickly is a different story!

Oh and don't forget you give the tax man 40% of your profit

[Marx]

Thanks for the replies everyone! I am still doing lot's of research, I'll probably have more questions later.

Right now with my current business I can do 50% annual return at peak conditions. For example I would buy a store for $200,000 and it would make $100,000 a year. Please note this isn't what actually happens but just a very general illustrative example.
On a big scale, can reselling make this kind of return? Can I buy $1,000,000 of some product and sell all of it for at least $1,300,000 within a year? With most companies such as apple, do I have to own a physical store to become a reseller? Can I just have a site with a warehouse? Can I do something like set up a small physical store and open a site and sell online too?