- Mar 10, 2010
- 42,695
- 107,124
Real life information.
Great post.
I've done business in retail selling to supermarkets and this is not unlike that where if they don't sell you take it back and eat it.
Super glad you chimed in.
Making $3000/Day with 100K
- Thread starter jimmyjames
- Start date
Real life information.
Great post.
I've done business in retail selling to supermarkets and this is not unlike that where if they don't sell you take it back and eat it.
Super glad you chimed in.
OP, take a picture of your face and post on BHW when you find out shipping will add 50% to your original cost.
Only if you ship a single item. If you ship in bulk (per container), it is actually dirt cheap
jimmyjames
Newbie
- Mar 12, 2018
- 14
- 5
I was focused more on the chips/candy/accessories/hats and stuff they have.
I want to contact manufacturers, then distribute to the people who sell to the liquor stores.
Any idea how to help with this?
K I'm reforming my thoughts. You're right I was way off topic. I'll post an edit here..
RankBoss
Senior Member
- Nov 21, 2016
- 806
- 235
making millions per day is also very easy
if I have millions in my bank account
I know how Amazon works, I know how eBay works,
I am also from a place where world's largest textile exporting is taking place.
It doesn't mean I can do like them in next 6 months. It takes a lot of hard work, planning, Support and mainly investment.
and becoming a middleman is not that easy because distributors only trust their regular suppliers. There are lots of middleman for almost everything.
if I have millions in my bank account
I know how Amazon works, I know how eBay works,
I am also from a place where world's largest textile exporting is taking place.
It doesn't mean I can do like them in next 6 months. It takes a lot of hard work, planning, Support and mainly investment.
and becoming a middleman is not that easy because distributors only trust their regular suppliers. There are lots of middleman for almost everything.
A prime example here is Sir Stelios Haji-Ioannou
People went on about how brilliant he was at a young age to set up his airline. Yes the boy did good.
Most people ignored the fact his dad was a multibillionaire ( imagine all the financial contacts to be able to get lines of credit )
Daddys' business advisors and staff to offer free advice, knowledge, guidance etc.
Now you try to get a few million in finance as little Bobby, the guy living in a 1 bedroom shack, wanting to borrow a million compare that to the son of a billionaire.
Making money if you have money is a damn sight easier than not. It's not impossible to do it without rich parents.
Now Sir Richard Tax Dodging Branson did it the hard way, and twice was within hours of losing everything, once was with the record label. So yes it can be done, but it's much harder and can be very stressful.
Risk = Reward ( but it's nice to have a safety net sometimes ).
Keep grinding guys !
- Mar 22, 2013
- 9,149
- 10,492
BrandingCat
Elite Member
- Jan 6, 2015
- 8,117
- 10,311
My girlfriend just buyed a " clever mop" for 10 pounds. My curiosity is high and I check the eBay.
That seller have just this mop listing and he sold more then 5k products in just few months .
Makes me think he maybe buy from Alibaba like 3 dollars each. Can't be more when you buy thousands.
So let s say he spend some money on advertising + daily deals on ebay . He make some nice money.
Mops are the future I told you ; mops and matches.
I planning to sell hot water.
Conclusion: stop talking about how other makes the money when you don't have no idea about marketing, investments,taxes and so on.
You need a lot of research,study,practice,risks and so on.
This song make me post this useless shit.
That seller have just this mop listing and he sold more then 5k products in just few months .
Makes me think he maybe buy from Alibaba like 3 dollars each. Can't be more when you buy thousands.
So let s say he spend some money on advertising + daily deals on ebay . He make some nice money.
Mops are the future I told you ; mops and matches.
I planning to sell hot water.
Conclusion: stop talking about how other makes the money when you don't have no idea about marketing, investments,taxes and so on.
You need a lot of research,study,practice,risks and so on.
This song make me post this useless shit.
justbrowsing1
Junior Member
- Sep 20, 2016
- 156
- 74
I sold wholesale to big retail chains before, it's much harder than you make out.
Most only pay you after 3 months so you need huge cash flow and there's always the risk of them going bankrupt and not paying you (plenty of big retail brands have).
Any stock they don't sell they return to you.
The profit margins are small.
No thanks, I'll stick to my affiliate sites that pay me 10% per sale which is often more than a shops net profit margin.
Most only pay you after 3 months so you need huge cash flow and there's always the risk of them going bankrupt and not paying you (plenty of big retail brands have).
Any stock they don't sell they return to you.
The profit margins are small.
No thanks, I'll stick to my affiliate sites that pay me 10% per sale which is often more than a shops net profit margin.
jimmyjames
Newbie
- Mar 12, 2018
- 14
- 5
Like what types? Not very good with it. But yeah thats a great idea.
jimmyjames
Newbie
- Mar 12, 2018
- 14
- 5
Yeah but the idea isn't selling to supermarkets.
I think you guys don't get what I'm saying.
starfox6692
Junior Member
- Oct 29, 2012
- 103
- 30
Thanks!
I've been a member of this forum for years and never really contributed. I'm trying to make a promise to myself to start actually giving back and helping these guys succeed.
Curious, what type of distribution were you involved in? Did you deal with getting new products on shelves? Or were you in a supply chain that just dealt with restocking existing product lines?
- Mar 10, 2010
- 42,695
- 107,124
Ages ago (before my first son was born) I had an Archway cookie route.
Cookie routes are typically DSD and I had a 5 day week. Started at 04:00 and day ended between noon and two.
Periodically if a store did a reset I had to be there to make sure I got my shelf space as well as be involved in the reset.
I do believe that a grocery manager in a supermarket is the world's worst job as they were the crankiest people I have ever come across as a group. But get on their good side, and have decent margins, you could get end caps at times and floor displays in the aisles and during Thanksgiving and Christmas that was huge.
I forget the numbers but I bought it below market as my then Father-In-Law had one and knew of one for sale because the guy hated the business. I worked my backside off to build it up by getting a lot of independents and setting up a couple of guys that sold at flea markets (thse sold my outdated product). It supported my wife and I and my oldest son when he was born and I sold it for 30% more than I bought it for and used that money as a downpayment on my second house.
starfox6692
Junior Member
- Oct 29, 2012
- 103
- 30
Hey, typically the distributors are in direct contact with the manufacturers.
If you do want to get into the business of distributing to the distributors you want to get in a low cost niche. Once you are there you want to have a good sum of capital and acquire your items at a rock bottom price.
Keep in mind these guys get their products from China so beating the price they purchase at will be difficult, but not impossible. I'm not sure what country you are in, but in the states, you can sell them on convenience and eliminating long shipping times. Basically, if you can beat or match the price the distributors pay it's a no brainer for them to purchase from you if you have the products on hand in this country.
Also, it helps if you can get into a product line that typically does not involve brand names and is overall generic.
One thing that comes to mind is pens, here Bic and Pilot dominate the pen market and you likely will not see success selling un-branded pens. But, you could try to import pen holders, they are generic, typically carry no brand, cheap and most people could use one.
I'm not telling you that selling pen holders will be the way to go. Basically I'm letting you know how you need to think about product selection in this game.
Oh, and just to prove that people use pen holders here you go, got one right beside me lol.
![20180315_152007[2]-min.jpg](https://www.blackhatworld.com/data/attachments/424/424616-4997fd3ffa660164a6fe579578548453.jpg?hash=SZf9P_pmAW "20180315_152007[2]-min.jpg")
starfox6692
Junior Member
- Oct 29, 2012
- 103
- 30
Wow, that's a hell of a business to be in. I've always avoided anything that dealt with food and perishables, I know how much of a pain in the rear that can be.
Also, you are absolutely right about getting good shelve space, end caps, and displays. A good display in the middle of the floor can easily double your sales.
Did you quit because of the difficulty or greener pastures in IM haha?
- Mar 10, 2010
- 42,695
- 107,124
This was ages ago... I was 22 when I bought it (had to borrow to do it) and I'm 60 now.
I'm pretty sure IM was just an idea that @pewep had and us mere mortals had no idea there would be a technical revolution.
I actually bought it to sell it because I knew it was below market and I knew I could outwork almost anyone back in the day and could build it up.
I really liked the hours, enjoyed being "on the road" and the work was not very hard at all. I really didn't mind the grocery managers' attitudes either but that was always a topic of discussion when we got together as it really irked some of the guys.
If I kept it that would have turned into me just buying a job as opposed to an investment opportunity and I had the mindset at that time in my life to buy small struggling business and work so hard they had to get better and I would then be able to sell them for a profit.
- Dec 26, 2013
- 5,947
- 5,396
The fashion industry works in the way you are looking at operating, through distributors.
Quite a few years ago i sold a business to a guy who made a few million doing exactly this. He would find small fashion brands and distribute their garments to retailers in cities/towns they would otherwise not have access to. The key was negotiating product exclusivity.
Quite a few years ago i sold a business to a guy who made a few million doing exactly this. He would find small fashion brands and distribute their garments to retailers in cities/towns they would otherwise not have access to. The key was negotiating product exclusivity.