Purses
A wardrobe staple, purses are regarded by many as the ultimate fashion accessory. The prices of purses are as varied as the styles available--you could pay as little as $10 for one, but shell out $1,000 for another with a designer label. Whether you plan to buy purses for resale or your own use, you can save a significant amount of money by purchasing them wholesale. A wholesale supplier distributes merchandise at a deep discount, usually 40 to 60 percent off retail prices. Though wholesalers typically sell only to retailers and vendors, some are open to the public.
Instructions
1. Obtain a resale permit or state tax identification number. Having these will allow you to obtain a better wholesale discount. Keep in mind that you should only do this if you plan to retail the wholesale handbags you buy.
2. Determine a budget--this will enable you to narrow down the types of wholesale suppliers to buy from. Keep in mind the cost of shipping the purses, which typically runs between $12 and $21 for an entire wholesale order.
3. Decide what types of purses you want to buy. Options include authentic designer handbags, designer-inspired purses, artisan handbags, recycled handbags, and vintage purses. You should also note any specific label or brand you'd like to purchase.
4. Visit the website of the brands and retailers you want to buy wholesale purses from and give them your tax identification number or resale permit number. Some wholesale purse dealers will not sell to anyone who does not have proof of being in business.
5. Find out whether drop-shipping is best for you--this option is only for those who want to retail wholesale purses.
Internet retailers that don't want to deal with the logistics of shipping and storage of the purses should consider drop-shipping. It's important to note you will not make as much profit with drop-shipping as opposed to traditional wholesale buying. Many wholesale suppliers also drop-ship, but you can find purse drop-shippers by looking at resources such as Simplx or MegaGoods. These sources have reliable and accurate purchasing and inventory information about companies that drop-ship.
6. Research any wholesale purse companies you want to buy from that are in a foreign country. Though it is quite possible to have successful transactions without traveling to them, you need to make sure you are not buying knock-offs. Designer-inspired purses are not copies, whereas knock-offs try to pass off a purse as being authentic, and therefore more expensive, when it is not.
Check to see how long the company has been in business, whether they inflate shipping costs, if they have a working phone number and can be easily contacted, how they accept payment (avoid wire transfers and having to send money orders), and whether they have a return policy.
7. If you want to buy wholesale handbags for personal use, you can visit discount retailers such as Hundred Percent Wholesale, Bags Rep, Mezon Handbags, and Handbags at Wholesale. The price you pay will be considerably lower than regular retail prices, but slightly more than what a legitimate wholesale buyer has to pay. Keep in mind that you will likely be required to make a minimum purchase, typically between $100 and $150.
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