It’s no secret that my preferred method of sourcing is to buy direct from China, and that’s the method I’ve used to build up a number of successful eBay and Amazon businesses…
When you buy direct from China you get the lowest cost per piece and therefore the highest profit margin when it’s time to resell your items!
BUT, and this is a big but, importing from China is not for everyone, at least not when you first start selling, as there are a number of hurdles and aspects that you need to take care of. This includes:
- Supplier verification – just like with any country (and yes, I do mean EVERY country!) there are a lot of scammers mixed in with the genuine sellers in China and they prey on newbie sellers who don’t know exactly what they’re doing and don’t know how to verify a potential supplier.
- Shipping – depending on your order size, you may need to arrange shipping yourself when ordering from China…
- Import – it goes without saying that it’s more complicated and there’s more paperwork when you order from China, rather than the UK.
- Tax – you’ll need to pay import duty and VAT on your orders.
- Etc. etc.
Now while most of these points may seem very daunting to new sellers, they are actually fairly easy to deal with – as I’ve written in-depth guides on every step of the importing process, which you can find here.
But what if you just don’t want to deal with all of that at the moment? Or what if your budget makes an order from China unviable? Are you out of options?
Well no, of course not!
There are a number of other sourcing techniques you can use, many of which allow you to buy items directly from UK companies, allowing you to take advantage of all the benefits that offers.
And today I want to look at one company specifically – Wholesale Clearance UK.
Wholesale Clearance UK is a wholesale company that offers bankrupt, surplus, and end of line clearance stock for sale to individuals and companies of all sizes.
I want to just really quickly go over the history of the company, as the owner and creator, Karl Baxter, was a frequent contributor on The Wholesale Forums, which is somewhere I used to spend a lot of time offering advice and helping others as much as I can!
Karl himself was an eBay seller who built a business around selling Poundland stock on eBay and as his business grew he became frustrated by the lack of wholesalers in the UK willing to sell to a sole trader, with most quoting minimum order quantities way above what he was able to afford. (more…)