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Team up to buy large amounts at wholesale

  • avatar

    by: Blake
    New SaleHoo Member
    4 posts

    Team up to buy large amounts at wholesale

    Posted 6 Jan 11 12:07 am.

    I know at one point alot of ppl were ganging up here and putting their money together together to buy huge lots is anyone still doing this I have money to invest but im not great with the logistics.
  • avatar

    by: fudjj
    SaleHoo Staff
    2969 posts

    Re: Team up to buy large amounts at wholesale

    Posted 6 Jan 11 12:37 am.

    There was a couple of failed attempts many moons ago, since then there is always a bit a chatter about it, but never enough interest in getting anything like it off the ground.

    Real shame really, no doubt about it in my opinion, if done correctly then it could provide a seriously good opportunity. Who knows, one day enough members might get behind a venture like it and something might get off the ground.

    Marc Ransom

    Community Manager
    SaleHoo.com

    About the Community Manager

  • avatar

    by: irene_salehoo
    SaleHoo Staff
    1951 posts

    Re: Team up to buy large amounts at wholesale

    Posted 6 Jan 11 12:47 am.

    Yes, I do remember some posts from members looking for investment partners, but there wasn’t anything formed that we are aware of, or of those at least announced in the forum. Also, you need to exercise extreme caution in pursuing this kind of undertaking, and make sure you will be dealing with trustworthy individuals. Just my quick advice. :)

    Irene

    Customer Support
    SaleHoo Group Limited
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  • avatar

    by: Blake
    New SaleHoo Member
    4 posts

    Re: Team up to buy large amounts at wholesale

    Posted 6 Jan 11 2:16 am.

    thats to bad because of my many years of being a salehoo member and my many attemptsd to find a venture to get into i have yet to find one i would deem profitable.
  • avatar

    by: irene_salehoo
    SaleHoo Staff
    1951 posts

    Re: Team up to buy large amounts at wholesale

    Posted 12 Jan 11 3:03 am.

    Hi again Blake,

    If you're from Australia, the 'teaming up thread' has just recently been updated with inquiries
    http://www.salehoo.com/forum/products/serious-aussie-buyers-wanted-for-teaming-up-to-buy-in-bulk-913?start=120

    Cheers!

    Irene

    Customer Support
    SaleHoo Group Limited
    Wholesale Directory by SaleHoo
    Did you know that you only have 3 seconds to capture a site-visitor's attention?
    Get your own professionally designed, search engine optimized website with a SaleHoo Store now!
    SaleHoo Stores

  • avatar

    by: topbloke
    New SaleHoo Member
    4 posts

    Re: Team up to buy large amounts at wholesale

    Posted 23 Feb 11 5:02 am.

    great idea in principal however lets say a consortium of buyers pool together to purchase a lot of PS3's or left handed screwdrivers etc. Those buyers then flood the market with these items and end up competing against each other driving the price down. Maybe I am barking up the wrong tree here but it seems like economics 101 to me.
    Baz
  • avatar

    by: xtraenter
    New SaleHoo Member
    7 posts

    Re: Team up to buy large amounts at wholesale

    Posted 23 Feb 11 12:49 pm.

    That's a good point topbloke. My other concern would be the whole trust factor. Who's dividing the shares of goods, what happens with damaged items, etc, etc........
  • avatar

    by: megadeals4u2010
    SaleHoo Junior Member
    12 posts

    Re: Team up to buy large amounts at wholesale

    Posted 27 Jul 11 6:55 pm.

    Blake,
    Hi what did you want to buy?

    Thanks,

    Geoff
  • avatar

    by: planes
    Forum Moderator
    843 posts

    Re: Team up to buy large amounts at wholesale

    Posted 28 Jul 11 9:43 pm.

    Not a good idea mates. Two is normally the most one wants to enter a partnership with. Each then only has one risk partner.

    Each partner entered in adds more risk. So six partners would give each person 5 risk partners.

    Either of you could be sued by 5 different people, robbed by 5 different people or shorted by five different people.

    Let's say the delivery is stopped by customs. One of the parties didn't want that particular order because it was high risk. SO he sues the group.

    One guy is late to the delivery pick-up and thinks the others cherry picked the lot.

    One guy shows up early and steals some product.

    I know this is negative but unless very tight agreements are made by signature and verification, one can get into a lot of trouble.