Are you looking for a way to make more money from your Shopify store? If so, then you may want to buy wholesale products to resell on Shopify. This is a great way to make a profit, and it’s easier than you think.

In this blog post, we will teach you how to find and purchase products from wholesalers. In addition, you’ll get a step-by-step guide on how to set up your Shopify shop and start reselling.

By the end of this post, you will be ready to start making money by buying in bulk and reselling from your Shopify store. So, let’s get started!

Also read: B2B Wholesale – The Ultimate Guide [2024]

How buying from wholesale suppliers will help you earn more?

There are a few reasons why buying wholesale products to resell on Shopify can be beneficial:

I. You will be able to buy products at a lower price than what you would pay if you bought them retail. This means that you will have a higher profit margin when you resell them in your store.

For example, let’s say you want to acquire a specific product that you want to resell on your Shopify store. The retail price of that product is $100. However, you were able to find the same product from a wholesaler for $50. This means that you can resell that product in your store for $75 and still make a profit. (But sometimes, a wholesaler will ask you not to sell below a specific price or a minimum retail price – this is to avoid undercutting other resellers who buy products from the same wholesaler)

Buy Wholesale Products to Resell

II. You will be able to buy products in bulk. This means that you can save your product shipping costs.

III. You will be able to find unique products that your customers will love. This can help you stand out from the competition.

Offer Wholesale Pricing & Volume Discounts on Your Shopify Store

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What are the risks of buying products from a wholesale supplier?

There are a few risks to consider when buying products from a wholesale supplier.

First, you need to make sure that you are buying from a reputable source. There are many scams out there, and you don’t want to get taken advantage of.

risks of buying products from a wholesale supplier - Buy Wholesale Products to Resell

Second, you need to be aware of the quality of the products that you are buying. Sometimes, products from wholesalers may not be up to the same standards as products from retailers.

Finally, you need to make sure that you have enough inventory of the product. If you don’t, then you could end up losing money if customers order the product and you don’t have it in stock.

Now that we’ve gone over some of the benefits and risks, let’s talk about how to find and purchase products from wholesalers and resell them on your Shopify store.

6 easy steps to buy wholesale products to resell

Step 1: Finding wholesale suppliers and products

The first step is to find wholesale products that you want to sell in your store.

Finding wholesale suppliers and products - Buy Wholesale Products to Resell

Here are a few ways to do this:

  1. You can search for “wholesale suppliers” on Google. This will bring up a list of different wholesalers that you can contact.
  2. You can also find wholesalers by searching online directories. These are websites that list different businesses, including wholesalers.
  3. Attend trade shows to find manufacturers or wholesalers. Trade shows are events where businesses come together to show off their products. This is a great way to see what products are available and to talk to the businesses in person.
  4. Look for products listed on wholesale marketplaces such as Alibaba (China), Tundra (US), Go Wholesale (UK), Global Sources (China), Faire (US & Canada) and more. These are websites where thousands of businesses list their products and sell them in bulk quantities or in volumes with lowest prices.

Step 2: Contacting wholesale suppliers or manufacturers

Once you’ve found some potential wholesalers, it’s time to start contacting them. When you contact a wholesaler or manufacturer, be sure to ask about the minimum order quantity (MOQ). The MOQ is the volume of products that you’ll have to buy from a specific wholesale supplier to be able to get a discount for your order.

Buy Wholesale Products to Resell - check on the minimum order quantity

You should also ask your wholesale supplier about the net/payment terms, wholesale shipping costs, and return policy. This will help you understand what you are getting into before you make a purchase.

Step 3: Purchasing wholesale products from suppliers

Once you’ve found a wholesaler that you want to work with, it’s time to purchase the products that you want to resell on your Shopify store.

Buy Wholesale Products to Resell - purchasing wholesale products from suppliers

Here are a few tips for purchasing products from wholesalers:

  • Get quotes from multiple suppliers to ensure that you’re getting the best price.
  • Read all the terms and conditions of the purchase order or agreement such as MOQ, net payment terms, etc.
  • Ask for samples of the products before you place a large order. This will provide you with the actual quality of the product and further help you decide where to buy it or not.

Step 5: Adding procured wholesale products on Shopify

Now that you’ve purchased wholesale items for resale, it’s time to set up your shop and start selling. If you don’t already have a Shopify store, then you will need to create one.

Once your store is created, you will need to add your products. To do this, simply go to the “Products” page and click “Add product“.

How to add products on Shopify - Buy Wholesale Products to Resell
How to add products on Shopify

From here, you can upload product photos and write descriptions. Be sure to upload high-quality photos and write good product descriptions that will appeal to your customers.

Also, price your products competitively. You want to make sure that you are making a profit, but you also don’t want to price yourself out of the market.

Step 6: Start reselling your products

Once you’ve added your products to your Shopify store, it’s time to start buying in bulk and reselling.

Buy Wholesale Products to Resell

There are a few ways that you can do this:

  • Sign up for a Shopify account to create your online store. Next you can design your online store and add multiple products. To customise your online store for Wholesale buyers, i.e. offering volume discounts, creating bulk order form, advanced shipping options, and more install Wholesale Pricing Discount and integrate it with your store.
  • You can promote your products on social media. Social media helps you reach and connect with your potential customers (these are the people who may be interested in buying a product from your store).
  • You can run ads. You can use Shopify’s built-in ad platform, Facebook/Instagram Ads or Google AdWords to reach potential customers who are searching for products like yours.
  • You can also reach out to bloggers and influencers in your niche. This will help you reach a more lookalike audience or people who might consider buying your products.

Read our detailed Shopify marketing guide that will help you promote your Shopify store and generate more sales.

Whichever method you choose, make sure that you are driving traffic to your store so that customers can purchase your products.

If you are already running a Shopify store and want to start selling Wholesale on Shopify, you will need some  solid Shopify apps  to set-up wholesale on your store.

If you follow these steps and implement them then you’ll be able to resell purchased wholesale products on your Shopify store. Just remember to find reputable suppliers, understand the terms of the agreement, purchase products at a competitive price, and promote your store to generate sales.

Offer Wholesale Pricing & Volume Discounts on Your Shopify Store

Try the Wholesale Pricing Discount app for Free!

Start Your Free Trial

Sum up…

To buy wholesale products to resell on your Shopify is a great way to earn more money from your store. There are some risks to consider, but as long as you do your research, you can find reputable suppliers who sell high-quality products at a good price point.

Do you have any tips for reselling wholesale products on Shopify? Share them in the comments below. Happy reselling!

Frequently Asked Questions

How do I start wholesale reselling on Shopify?

To start wholesale reselling on Shopify, first identify your niche and select wholesale items for resale that align with your business goals. Research suppliers, negotiate terms, and use Shopify’s platform to list your products. This approach allows for buying in bulk and reselling to a wider audience efficiently.

What are the key benefits of buying in bulk and reselling online?

Buying in bulk and reselling online allows for lower purchase prices, better inventory management, and higher profit margins. This strategy also enables businesses to meet customer demand more effectively and scale their operations over time.

How do I price my wholesale reselling items on Shopify?

Pricing items for wholesale reselling on Shopify requires considering the cost of goods, market demand, competitor pricing, and desired profit margins. Implementing tiered pricing strategies for bulk purchases can also incentivize larger orders.

How do I manage inventory effectively in a wholesale reselling business?

Manage inventory effectively by using inventory management software, regularly analyzing sales data to forecast demand, and setting minimum stock levels. This helps prevent overstocking and stockouts.

Can I dropship wholesale items for resale on Shopify?

Yes, you can dropship wholesale items on Shopify by partnering with suppliers who offer dropshipping services. This model minimizes inventory holding costs and simplifies logistics.

How do I handle returns and exchanges for wholesale reselling?

Handle returns and exchanges by setting clear policies, making the process easy for customers, and inspecting returned items for quality. Offering store credit or exchanges can also maintain customer satisfaction.

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