Thread: Terms...

Just a few terms for some of you...

Wholesale - Products sold usually by manufacturer, at a reduced price - in large quantities.

Too many people think that a few bucks under retail is wholesale. This is untrue. That would just be a discounted price and really isn't wholesale. Wholesale is usually when you can get them usually from manufacturer at cost.

Cost - Getting a product at cost means that you can get a product from a manufacturer that costs them the same to make the product.

Bulk - Usually relates to wholesale. Bulk just usually means that you buy a lot of the same items or similar to get a more discounted price on them. Say a product cost $100 retail, well some will say you can get them for $50 if you buy in bulk of 50(items). This is buying in large quantities usually and like I said definately relates to wholesale.

DropShipping - Sellers a lot of times dropship because it is very easy to do so. Not only that but it will save you lots of money. I would recommend drop shipping if you can for those that are just starting up a business. A drop shipper is usually the seller of the products. If you are the middle man and you sell the products that that individual is selling to you -- they will then send those products to your customers. This means you don't have to have it shipped to you, and then ship it out again to your customers. Your wholesaler will ship your products to your customers door.

Entrepreneur - Anyone who starts a patent or a business for that matter is an entrepeneur. One who gives a service or sells a product to a community.

I'll post more later, I guess...

- Devin