The wholesale market in Germany generated a good 1.6 trillion euros in 2022 and has grown by around a quarter since 2020.
These numbers are hard for sellers to ignore, which is why more and more of them, especially dropshippers, are fighting for a piece of the wholesale e-commerce pie.
But you can’t sell a product you don’t have. The biggest challenge in sourcing products is finding trustworthy suppliers. But with countless wholesale options worldwide, finding the best suppliers for your online business can be overwhelming.
But it doesn’t have to be that way. Shopify Collective lets you discover high-quality products from Shopify brands to sell in your online store. Another option is a marketplace like Faire , which offers products from thousands of independent brands.
If you already use Shopify, you can use the Faire App for Buying to source wholesale products and sync them to your store. If you want to do wholesale, you can try the Faire App for Selling to provide more visibility to global independent retailers.
Below, you’ll learn how wholesale purchasing works, explore additional options, and learn how to find the perfect wholesale or dropshipping suppliers for your needs.
What is a wholesale company?
A wholesale company is a business that purchases goods directly from manufacturers and sells them to brick-and-mortar or online retailers for a profit. The wholesale model gained significant traction with the advent of mass production and marketing techniques in the 19th century.
Without wholesalers, south africa email list manufacturers would have to market their goods to retailers themselves, whereas wholesalers act as intermediaries in the supply chain.
They buy from manufacturers in such large quantities that they receive significant discounts, which they can then pass on to retailers. They usually have a product license, manage email campaigns for global audiences and therefore their products are not available to regular customers – at least not on the same terms they offer to retail partners.
Retailers then market the wholesale products at retail for a profit. The price is always negotiable, but dropshippers and other retailers typically pay 60% to 70% of what they charge consumers.
How do I find reputable wholesale companies?
With so many options, finding the best suppliers for your business can be challenging. Here are some points to consider:
- Quality . Some wholesale companies prefer to offer imitations and poor quality products, so do your market analysis before you get stuck with thousands of low-quality items.
- Price . Take detailed notes on prices and remember: everything is negotiable. The more you buy, the bigger the discount should be. If you get a 10% discount, you’re in good company.
- Complaints . If something goes wrong, cyprus business directory who will fix it? Customer service is a crucial part of dropshipping , so you should only work with wholesale companies that have a good reputation.
Another concern for merchants like you is finding suppliers who can ensure quick turnaround. Meeting deadlines is crucial, as most consumers expect products to arrive within two business days .
So how do you find legitimate, high-quality wholesale companies? Below is a list of wholesale marketplaces where you can order products.
wholesale companies by product range and price
If your online business offers a wide range of products or competes on price, consider working with some of the following wholesale companies.