Comments on: How to Build an Online Retail Store Making $20 Million Annually: An Online Leather Store Case Study http://www.noobpreneur.com/2009/05/19/how-to-build-an-online-retail-store-making-20-million-annually-an-online-leather-store-case-study/ Business Opportunities, Entrepreneur Resources and Tools, Business Reviews Sat, 11 Feb 2012 02:41:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Noobpreneur http://www.noobpreneur.com/2009/05/19/how-to-build-an-online-retail-store-making-20-million-annually-an-online-leather-store-case-study/comment-page-1/#comment-6642 Noobpreneur Thu, 04 Mar 2010 09:48:34 +0000 http://www.noobpreneur.com/?p=1345#comment-6642 Lori, Sure - being a middleman can also makes you a success. Maybe not with such margin (wholesaling, of course, offers you less profit margin than making your own products,) but I heard (too) many stories of people who are successful being wholesalers (and/or dropshippers.) Dropshipping can present you with an opportunity of NOT having your own inventory. This is a plus, because inventory management is resource-intensive. In return, dropshipping cuts your profit margin (usually in the form of handling fees or similar fees.) Salehoo (I've involved with WorldWideBrands before) can help you find wholesalers and dropshippers who can supply you with the right products to sell in your (online) store. IMO, being a wholesaler or dropshipper can have its own advantage, especially if you are a bootstrapper :) Lori,

Sure – being a middleman can also makes you a success. Maybe not with such margin (wholesaling, of course, offers you less profit margin than making your own products,) but I heard (too) many stories of people who are successful being wholesalers (and/or dropshippers.)

Dropshipping can present you with an opportunity of NOT having your own inventory. This is a plus, because inventory management is resource-intensive. In return, dropshipping cuts your profit margin (usually in the form of handling fees or similar fees.) Salehoo (I’ve involved with WorldWideBrands before) can help you find wholesalers and dropshippers who can supply you with the right products to sell in your (online) store.

IMO, being a wholesaler or dropshipper can have its own advantage, especially if you are a bootstrapper :)

]]> By: lori http://www.noobpreneur.com/2009/05/19/how-to-build-an-online-retail-store-making-20-million-annually-an-online-leather-store-case-study/comment-page-1/#comment-6637 lori Wed, 03 Mar 2010 22:36:38 +0000 http://www.noobpreneur.com/?p=1345#comment-6637 Great info! But, what if one does not own their own product and would have to get merchandise from a middleman/wholesaler to sell online retail..cld your business still be a success? What is your feelings about sites like "Salehoo" & dropshipping? Great info! But, what if one does not own their own product and would have to get merchandise from a middleman/wholesaler to sell online retail..cld your business still be a success? What is your feelings about sites like “Salehoo” & dropshipping?

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