Competition in the online retail industry is very tough and cutthroat, but there are always some saving graces that you can rely on. Choosing the right profitable and sellable product might be tough but not impossible.
The task of finding the right suppliers who can provide the best deal for those products is even more challenging.
You may find that your online searches result in scams rather than genuine suppliers, leading to loss of time & money.
This the reason that listings like Salehoo comes into being. Browse for Salehoo reviews if in doubt.
What is SaleHoo?
Salehoo wholesale directory requires the user to buy a yearly membership and is a directory listing of verified suppliers and drop shippers. It has been operational since 2005 and is based in New Zealand.
Salehoo is an intermediary, and connects numerous online traders or retailers, with around 8,000 suppliers from 100 plus countries (like – USA, UK, Canada, Australia, New Zealand, and China), dealing in countless products.
This, undoubtedly, makes Salehoo the most lucrative option as a wholesale drop shipper and supplier directory for the countries of USA, UK, Canada, Australia. Companies in these countries can greatly benefit from this directory.
The directory provides a platform for retailers to learn, set up, and run their web stores. It also facilitates business with genuine wholesalers, globally.
Salehoo has more than 7000 wholesalers, manufacturers, and drop shippers, it provides complete information on retailers and wholesalers for sourcing great items to start a business.
Salehoo is also a complete guide for beginners who are all at sea about how to start, what products to sell and which supplier to contact.
SaleHoo works by helping you to find trusted and verified suppliers of any product you want to sell on any channel like eBay, Amazon, Shopify, and local auction sites.
1. Once you’ve got five to six ideas of products you’d like to sell, look for suppliers.
2. Log in to the directory that you’ve bought the membership for and perform a search of the suppliers you need.
3. When you find the suppliers you need, send them an email with the templates we have for you. Just tweak them to your needs. Introduce yourself and explain your idea. If you’re buying more than 20 units you would be able to negotiate better prices with the suppliers. Contact four or five suppliers to get the best price and deal.
4. After listing your products and making sales, you receive payments directly from your customers. You can set up a method of payment like PayPal, credit cards.
5. If you’re dropshipping, once a transaction is done, you use the money paid by your customer to order from your dropship supplier. Once an order has been made, your supplier will send the items directly to the customer.
6. If you purchase goods wholesale, your supplier will deliver your orders to you to package and ship.
Salehoo charges membership fees of a recurring $67 a year. As a member, you can search for endless suppliers and dropshippers from the directory.
There is paperwork with terms and conditions that each supplier provides to ensure that the deal is suitable for you.
It may be tedious but read them properly. You must select at least 4-5 suppliers for the same product for comparison of deals and prices.
Entrepreneurs can make use of Salehoo Store to create their e-commerce stores, which are priced at $27/ month for Basic, Standard at $47/month, and Premium at $97/ month).
You have two choices while using Salehoo. You can either drop ship or do bulk purchasing.
With dropshipping, just have to add the products to your site; you don’t have to store the products in a warehouse.
You can then put the products up for sale with a margin, usually higher than the wholesale prices. The price difference is your profit.
Once a customer places the order, you first purchase the product at its wholesale price and then send them to the customer. The supplier ships the product directly to the customer on your behalf with your details on the invoice.
For bulk purchasing, you first need to buy the products in bulk for the wholesale rates and store them physically.
You process customer orders by shipping the products yourself. This process may prove riskier than supplying directly from the wholesaler because if the product doesn’t sell you’d be stuck with the inventory.
SaleHoo is worth every single penny. Salehoo boasts of 1.6 million products and nearly 8,000 low-cost wholesale suppliers. These suppliers are all verified.
Since the suppliers are verified, it is safe for the retailers to browse through the directory and simply pick the ones most suitable to their product niche. They don’t have to worry about the authenticity.
Salehoo even has special training centers for the seller. These centers educate them on getting started and working on their selling tactics. It has a Frequently Asked Questions section and answers a lot of How-To questions.
You can use a special tool called Market Research Lab, which analyzes products with a good resale value, and helps you make money.
Salehoo customer support has experienced staff who can help you with queries which helps you save a lot of time and hassle.
Salehoo customers can also enjoy specially designed newsletters that have hacks to manage orders and online stores.
Salehoo has the required expertise train and retailers – new or old, with every possible way to handle their online business successfully.
Pros of SaleHoo
Customer Service – Do a fast search for ‘Salehoo Customer Support,’ There are a lot of ways to get in touch. The opening hours are good which is important to sellers just starting up.
Brands Authorization – There are some prestigious brands available on Salehoo, such as Disney, Lego, and Sony.
Vendor Verification – Vendors are vetted so you are completely assured that you will not be scammed. When you find your own suppliers, it might make you run into trouble.
Training –Salehoo has taken the time to understand their clients, monitored problems through feedbacks and made detailed guides and videos to guide them.
No Hidden Fees – You pay a one-time charge of $67 a year with no hidden costs. You can pay an application fee to a manufacturer, which you should know beforehand.
Low Minimum Orders – This is a great benefit for people looking to purchase from wholesalers. You may have not had to purchase storage space since you don’t have to buy enough to store. Salehoo facilitates this by providing low minimum orders.
Market Research – Salehoo’s business research is fantastic. They detect consumer patterns and give you the best user experience.
Cons of SaleHoo
Marketplace Fees – Third-Party Platforms charge sales fees, and that will eat into your earnings. This is unless you have your marketplace in which case you may save up on these other subscriptions.
Non-Branding –You’re selling other people’s goods, and this makes it hard to develop your company’s brand and reputation. A lot of salespeople that use Salehoo don’t sell on their website but third-party marketplaces.
Products Amount – While 1.6 million products sound a lot, it can’t compete with worldwide brands that boast 16 million brands.
Worldwide Brands has over 14 million expensive, high-end products. It maintains a database of wholesalers and suppliers that make up a much larger list with slightly higher prices.
Also, when compared in terms of market tools and other resources, Salehoo has an edge over Worldwide Brands.
Doba is a drop shipper with the lowest drop shipping pricing, but costly membership. It has one of the largest inventories from thousands of suppliers.
Retailers around the world can easily become members and avail the services from Doba, to run their e-stores smoothly.
It also allows you to create your product descriptions and prices for those products on your site.
When your order is complete, Oberlo handles the packaging and delivery to your customers, tracks the shipment, and notifies them through email
Spocket connects you to thousands of suppliers all over the world. You can test the products by ordering samples easily from the dashboard.
The interface is really easy to use and you can access everything from the dashboard. Synchronize your online store and see all your orders on the app. It is integrated with Shopify, BigCommerce, and WooCommerce.
TopTenWholesale is a service that connects you to verified wholesale suppliers.
It’s for those who want to purchase at wholesale prices. Wholesalers in all kinds of businesses like apparel, consumer electronics are available on the list.
This list is updated daily. You can make product requests and the verified suppliers will be connected to your automatically.
While skeptics look down upon Salehoo, there is much to be gained from this business model. There is less risk and more gains, comparatively.
Salehoo has competitive but it’s also true that Salehoo has specialties of its own that can’t be overlooked. It is a great tool for entrepreneurs who are just starting their journey.
There is no cost of infrastructure or the fear of goods being destroyed in transit since the wholesaler is fulfilling the order on the retailers’ behalf. The beauty of this model is its flexibility.
If you wish to fulfill orders yourself and have the means to buy storage, you may do this as well.