The B2B eCommerce platform for wholesale business is a very easy to do business. Many people are opting for this online business, because of the economic crisis all over the world. This is because it is a formula for success. You can just sit at home and do it. It requires nothing more than a computer, a reliable Internet connection and a telephone. That’s it; no qualification or any kind of investment is required.
Although this business cannot be practiced, as a full time business when you have a family to support, it can definitely add to your income, or keep the money coming if you are one of those unlucky ones that have been laid off recently! Especially nowadays, every penny seems to count, as you just do not know, when you may loose a good, on going job.
The root cause of the success of this business is the fact that it barely requires any kind of energy or exertions, plus buying the products from wholesale, minimizes your cost price, which results in high profits when you sale it to your customers. While this remains the root cause for its success, root cause of its failure may be dealing with the wrong wholesale suppliers or drop shippers, who are either in efficient and not reliable or are trying to involve you in some kind of scam. To avoid them, always use resources such as SaleHoo to find your wholesale drop shippers.
The wholesale formula business model is great for beginners because you don’t have the hassle of stocking inventory or shipping orders. That’s left to your drop shipper. They maintain the inventory and ship order on your behalf directly to your customer. This entire process is seamless to your customer. The drop shipper will charge you a wholesale price plus shipping for the item and your markup is your profit.