More out there than just branded tech products
Why is it that everyone seems to be looking for suppliers of branded electricals/tech goods i.e., mobile phones, game consoles, lcd tv’s, ipods etc..
I believe these products are what people first look for when they want to buy wholesale and sell, Personally I could think of a quite a few reasons why I stay away from electrical goods.
-Faulty products / returns - Could you afford to take a £1000 loss on a LCD TV?
-Competition – There is such a price war with electrical goods, there hardly seems to be much profit in my view, at least big company’s like Pc World, Dixons can provide a customer service.
-Discontinued items – About three months ago I brought a camcorder for £300 it is now worth no more than £100 because it has became discontinued.
-Profit margins – Is there much profit to be even made??
My advice would be to look at unbranded high value goods, I know of quite a few people who import items from china such as quad bikes, kitchen and bathroom fittings, clothing, garden furniture etc…
All these items have a lot less competition and much higher profit margins and don’t become discontinued within a few weeks.
There is money in electrical goods…. But there are easier / less competitive markets.on such items, the profit margins are very tight, and you can rarely make a good profit as it is easy to get a guide market price which every buyer will know on such items, the profit margins are very tight, and you can rarely make a good profit as it is easy to get a guide market price which every buyer will know.
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