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Sourcing in the UK - Helen @ Wholesaleforums

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Helen talked about various sources in the UK where you get products to sell on Amazon and eBay.

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Sourcing in the UK - Helen @ Wholesaleforums

  1. 1. Sourcing Stock in the UK Helen Parker 22-July-17
  2. 2. My Background • Worked in the B2B goods trading arena for over 6 years • Worked with all types of suppliers from Top Retailers including House of Fraser, TK Maxx to distributers to Wholesalers to Market Stall Traders • Now run 3 companies focusing on Uk trade from different perspectives with over 250,000 customers
  3. 3. The UK Trading Arena • Who has bought stock in the UK? • From Wholesalers? • From Retailers? • From Jobbers? • From Distributers? • From Auction Houses? • From Manufacturers? • What type of stock? • Overstock? • Raw Returns? • Cherry Picked Returns? • Stock for parts? • Pristine Stock? • Box damaged stock? THERE ARE SO MANY OPTIONS AND COMBINATIONS FOR MAKING MONEY ONLINE
  4. 4. A bit of history….. • It used to be hidden, dodgy but easy to understand • The internet changed the accessibility • The recession changed the hidden aspect • Technology changed the dodgy aspect • The industry is now transparent, but open to everyone in a way it never was before
  5. 5. Manufacturers/Distributors/Refurbers Tier 1 Retail Jobber Wholesale Consumer T2 & 3 Retail Reverse Logistics eTailers Marketplaces e.g. eBay/Amazon Where can stock be sourced from? Auction Houses Dealers Business/Liquidation /House Clearance DropShipping
  6. 6. What is the best, and how do you source them? Advantages Disadvantages How? Manufacturers/Distributers Price, reputable big firms, new stock, right to return Bulk and contacts needed, often unbranded Start with the product/Niche Refurbers Price Bulk needed for economies of scale Start with the product/Niche Jobber Good deals Opaque process – negotiation, collection You have to hunt them down! Reverse Logistics Reputable, stock verified Credit check, upfront cost in bulk Start with the product/Niche Wholesale Usually new stock, real business Price points tight Decide on your niche and ook at what is available (www.thewholesaleforums.co.uk) Auction Houses Minimum price and often VAT free, bargains to be spotted to due short life cycle, All types No right to return (if viewing available), graded, time-consuming, delivery Look geographically and decide on your ‘category’ (www.bidonthis.co.uk) T1 retailers Brands and Quality - Good stock, professional Hard to get right person and compete with ‘clearance retailers’ like TK Max for volume Network to find the right person Other Retailers Price and Brands Stock can be time-consuming Network Business Liquidation/House Clearance Cheap, can find hidden gems Take what you get. Liquidators – you need to keep an eye for closing business’
  7. 7. What are the keys to success when buying stock? • PRICE • SCARCITY • LIFETIME OF THE PRODUCT • SEASONALITY • SHIPPING & STORAGE
  8. 8. How can you protect yourself? • RESEARCH. RESEARCH. RESEARCH • AVOID BEING EMOTIONALLY ATTACHED • LIMIT YOUR RISK. LET GO QUICKLY Avoid “The Christmas Card Effect”
  9. 9. Questions or discussions Linked In: https://www.linkedin.com/in/helen-parker-82b5a13/ Instagram: helenparker_at; bidonthis; thewholesaleforums Twitter: HelenParker_bot; BidonThisUK; wholesaleforums www.bidonthis.co.uk www.thewholesaleforums.co.uk

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