Reselling wholesale products is a great way to make money online. Here’s how to find, vet, and sell cheap wholesale products

Why consider cheap wholesale products for resale?

There are many benefits for online retailers who resell cheap wholesale products through their own online store. Here are three of them.

Outsource production

The product development process is complicated. From finding raw materials to assembling and testing products, the wholesale business model is a chance to bypass the entire process and go straight to selling.

Buy discounted products

Entrepreneurs who sell wholesale give other brands their products for a much lower price than end customers pay. You could get products for 30% to 60% cheaper than retail, leaving you with more profits in the bank once an item sells.

Buying these products in bulk allows me to better control my inventory and benefit from volume discounts.”

Strong relationships with suppliers

You can cultivate a strong relationship with a supplier depending on how many items you buy from them. There’s the opportunity to lean on them if you ever need to place a last-minute order—like if you were to host a Black Friday sale, sell your inventory quicker than you’d imagined, or need to replenish stock to prevent a stockout.

Examples of the best cheap wholesale products

Before discovering what makes a good wholesale product, here are some starting ideas to find cheap wholesale products to resell:

• Face masks
• Pet supplies
• Men’s, children’s, and women’s clothing
• Home décor
• Kitchen utensils
• Party supplies
• Jewelry
• Phone accessories

How to choose cheap wholesale products to resell

1. Calculate profit margins
2. Find the median retail price
3. Analyze the competition
4. Estimate consumer demand
5. Check for seasonal trends
6. Calculate shipping costs

You must know what makes a product a good bet before you start sourcing new products. Here are six steps to identifying top wholesale products you could resell through your own store.