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Tips On Identifying And Avoiding Fake UK Wholesalers

February 3rd, 2011

Just like in the case of any other business, it is important to understand the benefits and risks of drop shipping before actually venturing into it. The internet offers an amazing number of glowing reviews on drop shipping and how fast it will increase your income. However, there is a dark side too. Online resources also feature many online retailers whose business never even took off. It was simply because they chose the wrong trader to collaborate with. Nevertheless, before you dismiss your ideas of drop shipping, read on.

Ever wondered what makes some businessmen incredibly successful and others miserable failures? The difference lies in the effort they took to research and learn about the industry before starting their business. Similarly, it pays to conduct a research of UK dropshippers before signing any agreement with them. Even if the supplier seems friendly and trustworthy, never hesitate to initiate a background check prior to confirming your choice.

Here Are Some Tips On Recognizing Fraudulent UK Wholesalers:

§    If a drop shipping company mentions a monthly fee, think twice before agreeing to it. Companies who charge such fees will probably have reasons for doing so – because the products are marked up too high or because the products are worthless. In either case, you will not be able to sell the products and the company gets to keep the monthly fee.

§    Stay away from wholesale companies that offer to setup a website for you, promise exclusive products plus a merchant account so that you can accept credit cards. Here is what these companies really do – they purchase products from real businessman companies, mark them up and then sell it to you.

§    Some companies will entice you into buying lists of UK suppliers. In most cases, these lists simply consist of some company names and out-of-service phone numbers.

If a company makes everything seem easier than it should actually be, do not believe it right away. By offering you additional services, these fake UK wholesalers may eat into your profits. Remember, to set up a good online business and earn enough profit from it, it is important to avoid the frauds first.

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