Wholesale Prices

There are some variations in how wholesale opportunities will look, depending on what type of product you sell, but on a basic level, “wholesale” refers to any sales opportunity whereby you sell a large quantity of your product (usually at a discounted “wholesale” price) to a second-party retailer (with a brand license) that will resell those items to their own customers.

How to Become a Wholesale Distributor in 8 Steps

Know who you're distributing to.

Choose the best products for wholesale.

Get a wholesale license and other permits.

Determine wholesale prices.

Set minimum order quantities.

Shoot product stock images.

Create packaging and promotional materials.

Build an online wholesale store.

Wholesale marketplaces are online platforms where businesses buy and sell products in bulk quantities. They typically offer discounted wholesale prices, often directly from manufacturers or suppliers. Popular examples include Faire, Alibaba, Global Sources, DHgate, and Amazon.

A normal person can buy from wholesale outlets, but this often requires purchasing items in large quantities or obtaining a membership. Wholesalers typically cater to businesses buying in bulk, but can offer limited access to normal people.

Technically, you don't need any money at all to start wholesaling. Since a wholesaler isn't buying and flipping the property, simply creating a contract and then finding a buyer for that contract, a wholesaler doesn't need to invest any of their own capital into the property.

A wholesale license, on the other hand, allows a business to purchase wholesale bulk goods at discounted rates directly from suppliers.