The best way to get low price from wholesalers is to buy in bulk. But it is expensive and risky. Buyers' groups are the way out. A pool of few people that put money together and approach manufacturers and wholesaler to negotiate a better price. It is the concept GROUP ON has been built on.
If you are interested let me know
Group buying is definitely a proven method, however you have to make sure you have a complete plan in place to ensure its effectiveness, including distribution channels.
The group buying might get you a better price, but how many are in the group and where are they all going to sell the products?
Let's say you have 10 in the group and they all want to sell on ebay, then you have a problem. What you can end up with is 10 people who got a great deal, now all trying to compete with each other on the same product.
See the problem?
Like I said, proven method for sure, but it's something where a total plan is needed to ensure it's completely effective for everyone involved.
Hi Fudjj ,thanks for endorsing. I totally agree: a detailed agreement has to be put in place.
- Finding a wholesaler that provides different item is one option. Each member would buy different items with the benefit of buying in bulk.
- Members would agree on same selling price for same item to avoid competition
A group in based on trust and respect, which is the core of any successful and lasting human relationship or interaction, and the agreement has to be written based on those principles.
Are you aware on any decent buying Group?
Not too difficult finding wholesalers with multiple items, however there could well be a problem in trying to base your purchase across the range. Most, if not all wholesalers will have an MOQ (Minimum Order Quantity) on each product, not just an MOQ where you get to choose want products you want in the order.
You couldn't have members agreeing to the same selling price as everyone else, I doubt restriction of trade would be legal firstly, but more importantly, people wouldn't want to sign up to that type of agreement I wouldn't think. Some may want to clear their stock, need cash or whatever, so you would find people cutting their prices if sales weren't strong I'm sure , and that of course then effects everyone else in the group.
You're absolutely right in regards to needing trust and respect within the group, but those two things can be very hard to find in times where most are out for themselves, and very little else unfortunately.
I'm a huge fan of networking, and this is the right place to pull a venture like you are thinking together, but it's never simple. You'll find some will want to jump on board, then change their minds half way through and so on. You kind of need all the planets to align lol, and to make it a very long term goal, because a groups like that take a long time to establish and even once established, getting an agreement in place can be nothing short of a nightmare.
If it's something you really want and are prepared to do the grind, then ultimately you may just have a win .... so good luck!