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Wholesale Tools
With most users of tools, the quality of
materials and construction is of prime importance. This may
be even more important when it comes to wholesale
tools. Of course it depends on the motivation behind
the purchase and sale of wholesale tools, but most people
who work in this field agree that a cheaply made tool is
often worse than no tool at all.
As more than one wholesale tools merchant emphasizes, there
are numerous companies now offering tools on Web sites as
well as through print advertising and catalogs. In many cases,
the tools are the same brand. So what sets one wholesale
tools supplier apart from another? Price is, of course, one
of the key factors. But there is more to it than mere numbers.
First of all, many a reliable, established wholesale tools
merchant will offer only quality tools in a true wholesale
system. This means that the supplier will work exclusively
with retail shops, mechanics and other professionals, not
with individual buyers from the general public. If, in fact,
the public can purchase from these suppliers, the prices
will still be discounted from retail, though not necessarily
at true wholesale level. In addition, the tools will still
be top-quality, usually brand name products. Tip: Quite a
number of suppliers offer their discount prices to all, believing
that it is a privilege to have any new customers.
Other factors to consider when assessing the supplier of
wholesale tools:
*Shipping costs or free shipping
*New inventory, including real improvements in tools
*Support and assistance after the sale is complete
*Guarantees and warranties honored without hassle
With any wholesale venture it would be good to understand,
from the start, the minimum order policy of the wholesale
tools supplier, as well as to understand the shipping and
payment policies. These can vary from one merchant to the
next. Some suppliers have no minimum order requirement. Others,
especially those who sell exclusively to retail stores, professional
mechanics and so on, have reasonable minimum order levels.
Some wholesale tools suppliers use
a method called "drop
ship." This can be an efficient way to do business,
if the wholesale distributor/manufacturer you order from
is reliable and accurate. If so, your customer receives the
products directly, after placing the order through you. This
often eliminates the need for the middleman (you) to have
a large inventory or warehouse facilities. The cost for providing
this method is figured into the price paid to the factory
or major distributor. With reliable sources, this system
can significantly lower the financial risks of the wholesale
tools business.
Perhaps it would help to look at some examples of the great
prices a supplier of wholesale tools might offer:
*A 24-volt cordless drill suitable
for professional or home use – about $50, one-third
the cost of a similar drill purchased at a large retail
store.
*An adjustable torque wrench, dual scale – about one-third the price
of similar retail wrenches.
*Industrial strength power wrench - $67, compared to about $200.
Prices such as these are what draw numerous entrepreneurs
to the wholesale tools business.
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