I joined about a week ago and I have gone through the list of suppliers, their wholesale prices, and what is offered on Amazon and eBay exhaustively.
I have looked at over 2000 catalogues. I have not found a single wholesaler in this directory that has cheaper prices than those being offered on retail sites.
Also, I have noticed quite a few (Hundreds actually) that are listing their own products for less than the wholesale prices in their catalogues for Drop Shippers! Are they purposely undercutting the drop shippers they partnered with so they can out sell their own competition?
The ones that are doing it the most are the ones that ask for yearly fees or "Account upgrades" to drop ship with them or buy from them!
So, the only ones making money are the "wholesalers". They take your money by having you join their membership programs so you can sell for them, you do all the advertising, then they swoop into the same markets and undercut your sale!
This seems pretty scummy to me.
Has anyone had any luck with this at all? So far it seems like a scam. Pay to get a member directory, pay to join a wholesaler, pay for a website, pay for a sellers account, pay for a tax ID, pay pay pay; then you finally get a chance to list and the very company you are listing for swoops in with a cheaper than wholesale price, and you loose the sale. Not to mention all the time it took to list for them.
Can anyone prove me wrong? Or point me to a company not scamming their drop shippers?