Posts Tagged online store
Buying Customer Returns For Your Retail’s Resale Business
Posted by johnb in Closeouts, Liquidations, Wholesale, Wholesale Sources on November 15th, 2009
A lot of people really are not aware of what a customer return is. This is essentially because the returns process is not something that retailers promote all that much, so not knowing what returns are or how to find and obtain them means you probably don’t know how to make money through purchasing them.
Customer Returns: What Are They? We will begin by thoroughly discussing the nature of customer returns. Customer returns are items that have been bought from the store (whether they are from a normal on-site retailer, catalogue, online store or something similar) and are then returned to the seller by the customer. Reasons for a customer returns are all pretty much along the same lines; one may change their mind about wanting the item, they may feel as though the item they received was not what they expected, purchased a broken item or one that had some kind of defect. The reasons behind customer returns are basically endless and are most dependent upon the actual item itself.
You must be aware of the fact that once someone buys an item and returns it to the store, they aren’t able to sell it as being new anymore. This is true for even the items that are left unopened or completely unused; a store will not be able to resell something since they are not responsible for what happened to the product beyond their location.
As soon as a customer returns a product to their store, it will be processed so that a refund can be given. Next, the store allots this product to the returns area, which is generally a chosen place in the storage area meant to store customer returns exclusively. This designated spot will begin to fill up as more customers return their purchases, and then the store will have to decide on whether or not they need to relocate their products since storing these products takes both money and room.
As a rule, stores will hold a contract with liquidators or bulk wholesale suppliers to buy customer returns from them at a bargain price. Products are packaged together and sold in one lot, including defective, new and damaged products.
The wholesale supplier returns those products to their store to allot for selling. Now is when you, the retailer, will take part. You will be able to find these wholesale vendors to buy customer returns from them. As for why you should want to purchase returned items, this is because they will be as low as 30% off their original prices, which is much lower than the normal wholesale price. Considering that some of the items you buy will be all-new, this will enable you to make a lot of money when you use these products for resale in your own store.
There will always be some customer return items that don’t meet your company’s criteria, so it would be wise to buy customer returns from your wholesale supplier when they do befit your business needs.
Liquidation Wholesale Drop Ship Services
Posted by johnb in Bulk Drop Shipping, Drop Shipping, Ebay, Liquidations, Wholesale on November 7th, 2009
Would you like to set up your own online retail business? If you do, liquidation wholesale dropship services are one way in which to make a lot of profit while cutting your overhead down dramatically, so check it out. First, you should figure out what you want to sell in order to find out what makes more money. Once you determine what you want, determine how you want to sell - do you want your own online store, do you want to sell your products through eBay, or work through catalogues and markets. The number of ways you have to sell your products is vast; do some homework to find out what method of selling will get you the most profit and sales given what kind of product you want to sell.
After that, all that’s left is to track down a wholesale supplier. There are numerous things you must keep in mind as you start your business. What kind of startup money do you have for your business? If it’s not much, a liquidation wholesale dropship supplier might be your best bet. Online retailers are becoming more and more dependent on drop shipping. Drop shipping works by keeping the inventory in the wholesale supplier’s hands until it is sold to a customer by you - once it is, only then do you buy it and give the liquidation wholesale dropship supplier a shipping address, which it then uses to send the product to the customer.
What do liquidation wholesale suppliers do? Your wholesale supplier can get items from liquidations at very low prices, which can then be passed on to you, so that you can get great products for even cheaper than wholesale prices, allowing you to keep more profit from them. You’ll find that liquidation items will give you the most profit - you can mark them up enough to make a lot of money, but still have it be less than retail price, giving you customers. Drop shipping can even help you not buy things that won’t sell for you.
Given what you now know, liquidation wholesale drop shippers seem absolutely perfect for you. You still have to watch out for cons, however. When looking for a dropship wholesale supplier, you have to be vary cautious as to who you work with. The customer won’t know how you do business, so if they get a substandard product, they won’t understand that it’s not your fault, they’ll still blame you, and business will suffer. As a result, you have to make sure that the wholesale supplier you choose will serve your best interests and is legitimate. However, upon finding the right liquidation dropship wholesale supplier, you’ll be able to have your business flourish better than you ever imagined. There’s no need for upfront cash, so you can start a business with little to no resources and still make profit - there’s no need to keep inventory, as drop shipping sends your items from one place to another. As soon as you know what wholesale products will make you the most money, get a dropship supplier you can trust and start making the money you’ve always wanted to make.
Reselling Items Bought at Wal-Mart: is it Worthwhile?
Posted by Wholesale News in Wholesale, Wholesale Sources on July 28th, 2009
Many people are interested in (and seeking information about) purchasing items from Wal-Mart and then putting those items up on eBay to sell. This sounds like a very attractive enterprise since the items at Wal-Mart are so inexpensive. I will provide you with some inside tips on where you can purchase items wholesale, rather than blowing all your money on items at Wal-Mart.
Everyone can purchase items from Wal-Mart and put them up for the same price–you will find yourself with lots of competition. If you really want to make a profit you have to price your items higher and people are not likely to buy them if they are easily available at a lower cost.
EBay wholesale sources can provide you with a very inexpensive alternative. wholesale suppliers can provide you with products–that you have purchased from them–at very low prices that you can put up for sale on eBay. Wholesalers sell items at the prices stores purchase items at and this will make you far more competitive on the online marketplace. You should always study which items are particularly popular on eBay, you will find that the list will fluctuate but you will have some idea of what will sell well.
Once you decide what you products your online store will carry, you must find an eBay wholesale source that carries the items you desire. It is vital that you find a supplier that offers a wide array of products in case you need to alter what you are selling online in order to stay in tune with trends.
Instead of buying directly from Wal-Mart, wholesalers will often sell you Wal-Mart’s overstocks or returns–this means you are getting rock bottom prices (far lower than you would ever get from a local store) for items you will resell on eBay.
With thousands of ravenous shoppers looking for awesome deals, eBay is a terrific resource for people looking to start their own business. EBay takes care of promoting their site, so you will never have to be concerned about marketing your business.
The first thing you need to understand about eBay shoppers is that they want bargains–failure to understand this will mean your business venture will fail, therefore this is why eBay wholesale sources are so important because they will let you offer bargain priced items. You are missing out on the perfect opportunity to make some easy money if you are not running an eBay business.
Forget about purchasing items from Wal-mart for resale. Most shoppers do comparisons and know what prices to expect, you will not succeed if you are not matching or undercutting your competition. A solid eBay wholesale source will set you on your path to success and extra cash.
Basic Ecommerce Terminology: Business Terms
Posted by Bob in Drop Shipping, Home Based Business, eBusiness on July 1st, 2009
Whether you’ve just started your online dropship business or whether you’ve been at it for a long time, there are some specific terms related to ecommerce that you outght to be familiar with. This list focuses on some of the terms related to business processes. Next time, we’ll take a look at those terms that specifically relate to sales and marketing in an ecommerce environment.
AVS (Address Verification Service): This is a service that verifies the zip code and the billing address that a customer supplies during an online transaction. It checks to make sure that the information matches the information on the credit card statements. This, in turn, helps to reduce fraud.
Authorization: A request that the processor of payments approve the reserving of customer funds.
Auth: This is a transaction that is authorized immediately, that doesn’t require physical shipment.
Batch: A group of credit card transactions that are waiting to be settled.
CVM (Card Verification Method): This is a process by which the 3 or 4 digit code on the back of a credit card is recorded during a transaction.
Chargeback: When a customer disputes a transaction and the merchant bank takes the amount of a sale from the merchant’s account.
Digital receipt: An email notice of an order from an ecommerce website. It has no legal standing.
Merchant: The organization that accepts a credit card payment. In the case of a dropship business, it would typically be the business itself.
Order: A request of services or goods that your customer initiates, or that you initiate with your wholesale supplier.
Partial Shipment: A situation where only some of the goods in a given order are provided.
POS (Point of Sale): The place at which the customer’s order is entered. In the brick and mortar world, it is typically a cash register. For online dropship businesses, it is a web form.
SSL (Secure Socket Layer): This is an ecommerce technology that encrypts data when its sent across the Internet.
Settlement: When money is actually transferred from the cardholder to a merchant.
Transaction: A record of an action that is taken during the process of an order.
An Overview of Free and Inexpensive Ecommerce Applications
Just because you want to open an online store to sell your dropship wholesale items doesn’t mean you need to lay out a big wad of cash on web store hosting software. Even if you don’t want to use a service-based store, such as those at eBay, Amazon or Yahoo!, there are plenty of options available that won’t cost you anything other than the time it takes to learn the Ecommerce application.
osCommerce
One of the most popular free ecommerce applications is osCommerce. OsCommerce is free and open source, which means that anyone can develop applications for it with no charge. Using the shopping cart portion of osCommerce, you can add products to your online store website, organize all of your product offerings into specific categories, and even set up promotions and discounts. You are able to even set your prices in different currencies. OsCommerce is set up to process payments through a number of ways, including PayPal, credit card and checks. In addition to all of this, osCommerce can automatically figure out taxes and shipping charges.
Zen Cart
Zen Cart has been developed by shop owners, programmers, consultants and people who have had plenty of experience in the fast-changing world of ecommerce. As with osCommerce, Zen Cart is free to use. Many buyers consider Zen Cart to be more user friendly than osCommerce, though the list of features is not as long.
CS-Cart
One of the least expensive ecommerce applications, CS-Cart is written using PHP and MySQL. CS-Cart is relatively easy to install, and comes with a month of technical assistant when you purchase it. The template management function in CS-Cart is stellar, and the administration area is user friendly. One of the biggest benefits to CS-Cart is that it integrates over three dozen payment systems. There is also an order management tool, as well as an add on for affiliates.
Magento
One of the newer free ecommerce applications, Magneto is an up and comer. Magneto features a high degree of flexibility and control when it comes to the look and feel of your online store. Managing your online catalog is convenient, and Magneto’s customer management module is one of the best ones out there. Perhaps the thing that shines most about Magneto is its analytics component, which can greatly help you as you design and modify your online store.
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