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Are you interested in setting up a home business selling electronics online? Buying wholesale from suppliers is easier than you might think and you will save a huge percentage on retail price – leaving you a decent profit after sales. This article is a guide to the product itself, buying your merchandise and finding the correct supplier for you.
Electronics vary hugely in price world-wide and even online. Many consumers know this and are on the lookout for a bargain. If you can give them that bargain, then you stand to profit from it!
The first thing is to make sure you know your electronics. Know the difference between a plasma and an LCD screen if you're going to stock TVs. Know to get Blu-Ray, not HD disc players. Make sure you follow the latest technologies and fashions, because electronics as an industry is constantly changing, and obsolete stock becomes worthless very quickly. As such, it is a risky industry, but one that can lead to great profits.
Decide what you are going to stock. Again, this is dependant on what you know – only sell electronics that fall into categories you keep up to date on. There is no point in selling digital cameras if you have no idea what a decent number of megapixels is for such a camera to have. You may decide to stock a small range of products with several models of each, or go for a broader range of types of product without necessarily having many of each type. The choice is yours, but there are plenty of wholesalers for all kinds of electronic goods out there. You just have to find one whose products and prices suit you.
Wholesaling has been made much easier through the use of the internet. Most wholesalers these days have internet sites through which they can advertise and showcase their wares as well as providing easy ordering and delivery services. It's simply a matter of shopping around to find the cheapest place selling the goods you want to stock.
In the electronics business, perhaps you can get the best place to buy wholesale from is the Far East, especially China. This part of the world generally has the cheapest consumer electronics and ordering your stock from here will give you a good mark-up while still being well under retail prices thanks to your low overheads. There are good wholesalers that is a good stockist of electrical items, with everything from MP3 players to digital cameras. Similarly there are wholesaler for electronics that is a good place to buy discounted electronic goods and almost offer a wide range of devices, all exported directly from China to you, giving you huge savings compared to other retailers in your industry.. Keep an eye out for distributors that have the products you are looking for and keep looking around – it is an ever-changing industry and you shouldn't necessarily stick with one supplier.
So there you go, your guide to finding suppliers and buying wholesale electronics.
???? There are a few ways to get audio and electronics wholesale and we are going to clear up some of the rumors and half truths. First let's define wholesale, generally it's defined as "buying or selling goods in huge quantities".? The reason for the large quantity is to get a lower price per unit.
???? Anyone can go to the store and buy? an amplifier for $350.00. The reason you want to buy wholesale is to save money. For example, because? the store probably bought 12 of these amps from the manufacturer or the factory and they paid $200.00? each that leaves them a good gross profit of $150.00 each. Wouldn't it be great to cut out the $150.00 markup and buy it direct?
???? The problem with that is most people don't need 12 Lanzar 2,000 watt amplifiers and even if they did they couldn't buy them directly from the manufacturer or distributor. That is only reserved for audio and electronics dealers. So unless you want to start a business, file taxes every year, and deal with customers every day, it's not really a practical option to buy direct from the factory or manufacturer.
???? There are many other requirements before you can buy audio gear from many manufacturers. Ever heard of M.A.P.? or transhipping or buy-ins? These are all words that are meant to allow the manufacturers to control the supply of their products and the prices in the marketplace. Rockford Fosgate doesn't want their stuff at flea markets and pawn shops. So they make it very difficult to buy directly from them.
???? There are many reasons for this and I would be happy to explain them to you but it would take 30 pages or more to fully explain it and that's beyond the scope of this ebook.
???? The important thing to remember is that it's not easy to get every brand wholesale. Sometimes it's nearly impossible. Look at it from the manufacturers point of view, they are business's and they want to make money, as much profit as possible. To do that they want to charge as much as somebody is willing to pay, so the harder they make it for certain companies to get their products the more control over the price people pay and they protect their huge profit margins for their dealers and shareholders.
To sum it up, some brands cannot be bought wholesale unless you have your own car audio store.
However, all is not lost. You can still get most of the items you want wholesale if you know where to look.
So what are your options?
You can go to a wholesale to the public company and buy at or near wholesale. Thousands of products and over 100 brands are available. Including the hard to find installation accessories like fuse blocks, noise filters, 0 gauge wire, and much more.
We recommend one wholesale to the public company later in this ebook. Check Chapter 3 for more details.
Here are some simple tips and tricks to help you get the lowest prices.
Be sure to get the total price that includes shipping and handling, membership fee's, etc. Sometimes companies try to make money on the so called shipping and handling fee's sometimes charging as much as $50 for a car audio head unit. Ebay sellers are notorious for excessive shipping rates on car audio and electronics. Especially subwoofers and neon and performance parts. We've seen a'high end car audio amplifier?with a retail value of $400.00 sell for way below wholesale on an online store, in fact it sold?for less than $50.00 brand new, of course the shipping and handling was $229.00, so the total price was $279.00, about the same price you could get it for at BEST BUY (plus sales tax of course, add another $14-$18. Using the links on our site you could have purchased that car audio amplifier at a huge wholesale price discount of around $150.00 with shipping and no sales tax. I'm not sure about you, but $79 is too much money for me to give away. It's a savings of nearly 35%. Discount car audio amplifiers are easy to find with our website, just look around and you will find many great wholesale deals, some up to 80% off retail.
Look for a warranty from the manufacturer. This is the only way to make sure you can get service if something goes wrong with your gear. Saving a few bucks when you buy isn't a very good deal if the $1,000 video head unit you just bought needs service and the company you bought it from disappears a few weeks after you installed it.?If you can't get a manufacturers warranty be sure to buy from a reliable dealer who offers their own warranty and will be around should you need to send the item for service.
Be aware of too good to be true deals. If a price?sounds too low, you should'be suspicious. Many times dealers will sell a used or refurbished unit below WHOLESALE and may not tell you it's B stock. B stock usually doesn't have the same warranty as the original product and it may have already been broken once and then repaired. It's not supposed to be sold as new, but some shady sellers still do it. In certain cases it makes sense to buy B stock or refurbished items if the warranty is from a reliable company and?the warranty is'as long as the original warranty.
If you can wait until the end of the model year which is usually around the first quarter of the year their will be good deals around. Many times manufacturers will give huge discounts as they try to get rid of the soon to be old models of car audio and electronics.?Many manufacturers do not release new models every year?for every product. For example, the JL AUDIO 12" subwoofer,?the 12W6 was a current model that wasn't improved on for several years so their was no discount. Look for closeout and below wholesale deals?starting in late?December?and ending around?March.
Tips on choosing brand names: Figure out what you really want from your gear. Is your #1 priority a great sounding system or is it to show off the expensive brand name on the top of your amp? Now more than ever in the world of car audio the performance gap is closing. Many of the perceived low end or medium quality brands are getting better and better and you'll never hear the difference between some of the amps that sell for $150.00 versus a Rockford Fosgate amp that?sells for $300.00. Wanna know which ones we are talking about? Drop us an email. Sometimes you are paying for a brand name. If you've got more money than you need or you want a'certain brand name, go ahead and buy whatever brand is hot at the time.
Are some of the high end brands worth the money? Of course they are, many times their are only one or two brands that even have the type of product you want. A few years ago there were only'a few major companies that made a double din?LCD navigation unit. Now we count at least'10 different companies.??If only the best will do, you can expect to pay for it. But for most products you can save money and still get top quality performance from readily available wholesale brands.
Be careful of Ebay & cheap online sellers. Do you really want to buy your car audio from a company that also sells blenders and sewing machines? Remember car audio professionals are more likely to have the experience that is required when helping you select the correct products and install them. It is very important when choosing a store to buy from. We've heard horror stories about places advertising low prices and people calling them and asking questions like, "what is the RMS of that head unit?", and the stores salesperson?replying "it plays cd's and mp3's.", they had no idea what RMS even meant.?Many times these low prices are accompanied by rude and ignorant salespeople. The "New York" sellers are notorious for trying to get your credit card number as fast as possible and not knowing one thing about car audio. Get your blender from Wal-Mart and get your car audio from a professional and experienced company.