As a retailer, it is important to find reliable wholesale suppliers for your store. However, finding the right wholesalers can be tough. Not only do you have to worry about finding reputable vendors, but you also need to make sure they can ship to you in a timely and cost-effective manner.
Finding products that are profitable enough to help you kickstart your wholesale business is the first step to success in your business. This article discusses the tools that can help you source wholesale products.
Why Do You Need Tools for Product Sourcing?
In the contemporary digital world, there are millions of suppliers and products available in the market. Even if you are looking to search in your particular niche, there are so many options available that it is next to impossible to manually search for products.
Additionally, today’s world is fast-paced so gaining a competitive edge is dependent on quick correspondence. Gone are the days when you would meet suppliers annually at trade fairs. Similarly, waiting for months for a sample to arrive at your local office before deciding which products are best for your business is also becoming an old-school practice.
Why not make use of mobile applications and tools that can make your product search fast and efficient? Here are some of the reasons why you should use tools for product sourcing.
The tools can help you gather essential information such as:
- Which seller has the highest rating?
- Which seller offers free shipment on what products?
- Which product is in demand?
- Which product has a high monthly sales volume?
A comparison between two products including their prices, minimum order quantity (MOQ), reviews, quality, shipping time, etc.
Making use of this data makes your investment safe are high and it can help you make an informed decision. If you want to learn more about buying wholesale, click here.
Tools to Help You Find Wholesale Products
1. Alibaba
You might be familiar with Alibaba as the world’s largest online marketplace for B2B trade. But did you know that they also have a platform specifically for finding wholesalers?
Alibaba’s Wholesaler Market, the largest online marketplace in the world, is a great place to start your search for wholesale products. With over 10 million products available, you’re sure to find something that you can resell. It is a great place to find wholesale suppliers for a variety of products, including electronics, clothing, and home goods.
What’s more, the platform offers a buyer protection program to help you safeguard your transactions.
You can use the search function to find suppliers that offer the product you’re looking for. You can also sign up for their newsletter to get the latest information on new suppliers and products.
Features of Alibaba:
The platform is trustworthy with a secure payment system so card details are never compromised. Alibaba also has a feature called Trade Assurance which makes sure that whatever product order you place is shipped to you on time.
Alibaba also has “Product Inspection Services” which helps ensure quality. Another prominent feature is the “Ready to Ship” products option which allows you to place orders instantly if you do not have any customization requests.
Additionally, Alibaba comes with a built-in messaging system that allows you to quickly get in touch with suppliers. This is a huge time-saver as you no longer have to wait for days or weeks to get a response from your supplier.
2. Zonguru
A product research tool used to source niche, wholesale products. The application allows you to discover wholesale products according to the category. You can also select three different business metrics in the application: Easy Starter, Business Builder, and Big Hitter.
Features of Zonguru:
To search for products, it has both an easy mode and an advanced mode. The latter allows searching using customized filters. Its filters allow you to shortlist with the help of keywords, search according to your financial goals, learn about the most competitive niches, and learn about demand for the particular niche you’re looking for.
Its unique “Feeling Lucky” mode allows you to search for random product niches when you don’t know exactly which product you’re looking for.
If you’re looking to sell on Amazon, this tool has a Love-Hate feature that helps you differentiate your product from the rest.
Zonguru’s most important feature is the “Easy Source” that can pair you with the right supplier from Alibaba. The benefit is that unlike in Alibaba where there’s an inventory of all available suppliers, Zonguru only shows the suppliers that are backed by Alibaba.
3. Wholesale Inspector
Another great option for finding wholesale products is Wholesale Inspector. This directory lists wholesalers of all products and markets itself, allowing you to save time by processing supplier files within minutes. The platform markets itself as being able to scan 34 million products in an hour.
You can browse through the directory or use the search function to find suppliers that offer the product you’re looking for. It is worth remembering that how you price wholesale inventory is everything.
The advantage of using Wholesale Inspector is that you can get better prices.
When you are searching for products manually, there is a good chance that you will end up paying more than necessary. This is because most suppliers know that you are not aware of the prices offered by other suppliers.
However, if you are using Wholesale Inspector, you can be sure that you are getting the best possible price for the product. This is because these platforms allow you to quickly compare prices offered by different suppliers.
4. Amz Scout
It is an extension that can be used on Google Chrome. It allows you to search for local and global suppliers, select profitable products to sell, and learn about competitors.
When you are manually searching for products, it is next to impossible to find high-quality products. This is because most of the time you are relying on the supplier’s website or social media profile to get an idea about the quality of their products.
Using AMZ Scout, you can get an improved quality of products.
Features of AMZ Scout:
Its pro features include getting monthly trend reports and allowing you to gain detailed analytics on products from Amazon. This data helps you decide which products give the best numbers and will enable you to continue your product search accordingly. In short, you can access important information that will make your wholesale product sourcing easier.
5. AMZBase
This product research tool allows you to find goods to sell on Amazon or plan to do so then this tool is the best for you.
That gives you access to search engines such as Google, eBay, AliExpress, and Alibaba from where you can hunt wholesale products easily. The biggest reason to use AMZBase is that it can save you a lot of time.
Furthermore, most of these tools also allow you to set up alerts. For example, if you are looking for a particular product, you can set up an alert and the tool will notify you as soon as a supplier lists that product.
Features of AMZBase:
Allows you to calculate FBA fees to help you understand your estimated profits. Helps you in getting the title description of different listings as well as the Amazon Standard Identification Number (ASIN).
AMZBase allows you to source the relevant product from Alibaba as well so your options are always open.
In addition, you can find historical prices of products from Camelcamelcamel, so that you are able to compare different listings.
Wrapping Up the Key Points About Finding Wholesale Products
If you wish to source a reliable and high-quality product, then making use of a product sourcing tool is the best way to go about it. This is because these platforms carefully vet all the suppliers before listing them on their websites.
The aim of these tools is to have improved customer satisfaction and to facilitate them getting the products they want in a timely manner. The tools also make sure the quality of the products is up to par.
Additionally, most of these tools also have a review system in place. This allows you to get an unbiased opinion about the supplier and their products before making a decision.
With so many products and suppliers available in the market, it would take weeks or even months to manually search for the right supplier. Making use of one of the above tools not only helps you save a lot of time but also helps you reach out to suppliers you never would know existed otherwise.