Wholesale 101

Yesterday we discussed Everything You Need to Know About Investors for Your New Online Business, so today I am going to share with you alternatives to investors:The absolute best alternative was already discussed in yesterdays post, which is building the business 100% on your own using whatever funds you have available. Start small and grow your company $1 at a time. This way you will always have full control of your business, not burn relationships with loved ones and not have to add ont …

If you are trying to decide if you should get investors to start an eCommerce business, here’s the details you need to know:To begin, let’s clarify an actual “investment” versus being loaned money, because they are not the same thing. A loan is borrowing money. The funds are paid back, with interest, no matter what. For example, an automotive loan; you repay the loan monthly for X-amount of months plus 6% interest. If you don’t pay the loan the bank takes the car and you are totally screwed …

If you sell on Amazon you already know that buyers have figured out a way to escape paying for return shipping by simply selecting “Inaccurate Description” even though there is absolutely nothing inaccurate with it.  This issue doesn’t just impact Amazon sellers; dishonest buyers are everywhere. It plagues our industry (wholesale) too. In the wholesale industry people will buy something (let’s say a 50 piece bulk lot that contains 25 Nike tees and 25 Puma tees). They will then claim it’s …

In part 1 of this series we discussed Amazon Competitor Sabotage using Paid Bad Reviews.  Part 2 outlined how evil Amazon Competitors can Take Up Your Inventory so you can't sell it and in part 3 we went over the new diabolical Amazon Competitor scheme using Fake Positive Reviews on your products so today we are going to delve into the fourth part of our Amazon Competitor Sabotage series and learn about Hijacking Listings. Have you ever seen those listings on Amazon wher …

Just because someone CAN offer you dropshipped products for your company doesn’t mean they SHOULD be a dropshipper. I look at it like having kids or pets; anyone CAN buy a dog, it doesn’t mean they SHOULD own one.Here’s 7 Things Dishonest Dropshippers Do, in no specific order:1. Steal your customer data - technically, it’s not THEFT because you gave them the information so they could ship the order to your buyer. But the problem starts when they use your customer data to compete with you, behi …