In our country today, everyone is trying to save money. No matter what you want to buy, you’re always trying to find the best deal. Very few people have enough money to buy something the first time they see it. Most will shop around at many stores before buying an item, especially something, which costs over $20. It’s a fact of life that prices will vary by huge amounts from store to store. There can even be two stores right next to each other offering an item at very different prices. Most people are not getting the best price for what they are buying. In a recent survey of 300 shoppers published in the Wall Street Journal, 82% of those interviewed thought they could have made their most recent purchase at a better price if they had looked around more carefully.
None of this is new to you. You’ve probably already found the best bargain stores in your area to buy all the things you need on a regular basis.
However, there is something that you may not know about: did you know that you actually can buy many products at even lower prices than the best discount store in your area? How is this possible? By buying at wholesale prices. By buying products at the same place that your local store buys. This is what we would like to explain to you now: how to buy almost anything you need at wholesale, so that you can cut your spending by 50%.
In short, the purpose of this book is to show you how to save money on all your purchases by buying products at wholesale prices. In addition to showing you some sources for many different types of products, this book will give you some tips on how to negotiate the best prices and will show you how you can use this knowledge of buying at wholesale to make some extra income for yourself.
Finally, for those who really want to get into this as a business, which will allow you to save the most money on your purchases and have a good income outside of your present job, this book will explain the basic steps necessary to set up your own business including how you can obtain a line of credit of $5,000 to help you get started, and where to get all your business stationery and equipment at the lowest possible wholesale prices.
For all this information, just turn the page and enjoy this journey into the world of wholesaling! Wholesale spices
Buying Wholesale Versus Buying Discount
How much money can you really save if you buy at wholesale prices? To answer this, let’s look at the profit structure of the retail market.
Most retail stores will mark up the price of their products 100%, or double their own cost. In this example, you can obviously save 50% of your money if you make your purchase directly from the wholesaler, instead of buying from the store. Essentially, by buying directly from the wholesaler, you are not paying any service premium to the retail store. The retail store can charge more than the wholesaler because it is more convenient for the buyer to find most products in a retail store than to hunt around for a wholesaler that does not have a prime storefront location in the middle of town.
Also, many wholesalers will not sell items to an individual consumer; they will only do business with an established business that will buy in volume from the wholesaler. Often the wholesaler will have minimum purchase requirements, which can be as low as $500.00 or as high as $20,000.00. Basically, most people accept retail prices as a fact of life because it takes some extra effort and time to figure out how to reach the wholesaler directly, and in many cases, it just is not possible to deal with the wholesaler, unless you are an actual business (which is a good way to get wholesale prices and which will be the topic of a later chapter).