Buying a product wholesale before everyone else does, is this the key?

4 replies
To making large amounts of profit?

By the way, I am an Amazon and Ebay seller, and am interested in ordering wholesale.
#buying #key #product #wholesale
  • Profile picture of the author Jim Gillum
    If the product catches on.......
    If it bombs...you have a warehouse full of...zeros...
    Just typical business common sense...
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  • Profile picture of the author Sid Hale
    Not at all.

    Entering a market with a new product can give you a competitive edge over others - a head start, but your level of success is much more dependent on your marketing strategies, than on how quickly you come to market with your product.

    Market share leaders in the cell phone industry have changed multiple times over the past five years. The top PC brands have changed similarly over the past 2 decades.

    Many retailers sell essentially the same products - think Target vs. Walmart. Target was well established nationwide, long before Walmart was established. Walmart has surpassed them in annual revenue.
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    Sid Hale
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    • Profile picture of the author bigfoot12
      No I mean buying products with an excellent sales rank, but LITTLE to NO REVIEWS, with 1 or 2 competitors, and that the product is not tracked on the website camelcamelcamel.com yet.

      I'm talking about buying a product wholesale when it has a good sales rank and a good profit, but BEFORE the market saturates and everyone else supplies it.
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      • Profile picture of the author eac113
        I think it would depend on the product and your knowledge of the market, trends, ect. It would also depend on your tolerance for risk.

        Do a test with a lower priced item and see if that strategy works then you can apply the technique to other products, markets, ect.
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