Successful Online Selling

Tips for Importing Wholesale TVs

wholesale tv supplierThe consumer electronics market will always be one of the hottest markets to be selling in.

With the advances in technology, and almost insatiable demand, if you can sell the right gadget at the right price, it can be very profitable for selling online. In recent years, the TV market has seen a lot of change. Not so long ago we were all watching big square boxes, now our TVs are almost wafer thin, and soon we'll have 3D TV.

But what do you need to know before you start importing TVs from abroad.

A lot depends on the type of TVs you are looking to import and the market you are wanting to sell to. It can be a lot of hard work to find a reliable supplier of branded televisions.

Many of the world's consumer electronics are manufactured in the Far East, in places like China and Taiwan. Unfortunately, there are a lot of unscrupulous suppliers in these countries, and even though they say they can supply branded equipment, it's rarely the case.

There are plenty of genuine suppliers of unbranded TV equipment, so whilst they will sell for less, they will be cheaper to import and there will be less risk of getting ripped of.

If you do find a manufacturer of branded televisions who is genuine and happy to supply you, the Minimum Order Quantity (MOQ) could be quite large, which would mean a significant investment on your part.

dropshipping wholesalers

It's also likely that the profit margin on each unit could be quite small, so investing a lot and ordering in bulk may be the only way to make a healthy profit.

Whether you are looking to import branded or unbranded TVs, here are a few tips that might help.

Make sure you carry out thorough checks on any new supplier. There are different types of supplier; manufacturers, wholesalers, and brokers.

As a general rule, you you are probably better off dealing direct with the manufacturer, but the MOQ will be higher. Dealing with Wholesalers and Brokers can reduce your margin, as well as your control over the deal.

Always insist on a trial order before you commit a large amount of money. Genuine suppliers will be happy to oblige, and you will get to check the quality of the product.

Whenever possible, try and visit the manufacturer, or wholesaler, so you can check them out in person - it can also be beneficial to negotiate prices and fees face to face.

If visiting your supplier isn't practical, consider hiring an agent in that country to visit them and assess them for you. You should also get the supplier to provide you with references from customers in your country that you can check out.

Make sure you know what all the costs are going to be, and any fees are agreed with the supplier, so there are no nasty surprises.

reliable wholesale tv supplierThe main costs will be the product itself, and then shipping and possibly storage at either end.

Don't forget to factor in the taxes and customs duty you will have to pay when the goods arrive in your country.

Importing can be quite complicated if you are new to it, so you might want to hire an experienced professional to make things go smoothly. Shipping and Customs Agents can be worth the cost.

They can check the items before they leave the suppliers country to make sure everything is as it should be and all the documentation is correct, and then help speed them through customs when they arrive.

Be wary of any supplier who insists on you providing full payment up front. Most legitimate manufacturers and wholesalers will be happy to accept a Letter of Credit or even staged payments, which reduces your exposure.

Whilst it can take a lot of work to avoid the risks involved, importing wholesale TVs can offer good profit potential if you get it right. Following these tips can help, and remember, if if a deal sounds to good to be true, it probably is.

In the next edition: Have you considered selling on Craigslist? Next time, I'll tell you all about their fee-free selling and high traffic that could take your business to the next level!

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