When setting up an online store, you will find that the supply management method and cost are just as important as finding trustworthy suppliers and quality products. The recipe seems simple at first – combine some high-profit products with reliable suppliers and low costs, and voilà!
But as you dig deeper, you realize the impact of platforms such as Salehoo – to learn more, see our Salehoo review. These platforms have helped decrease the operational costs for an online store and enabled more and more persons to have online stores as their part-time or full-time source of income.
What is Salehoo’s pricing and how much does it cost to join?
There is so much information online about wholesale and drop shipping services, that it makes you question the legitimacy and whether they can really provide what you are looking for.
How can you ensure that what you see is really what you will get? Is using a platform like Salehoo worth the cost?
Once you become a member of Salehoo, you can search for suppliers and the desired products. The supplier page would provide the necessary information such as the cost, minimum order amounts and shipping timeframes.
If you are using the dropshipping process, you would sell a product on an online store or major retail sites such as eBay and Amazon, and once a sale is made, you then purchase that product from one of the suppliers in Salehoo’s catalog.
This supplier will proceed to ship the product directly to your customer. You, therefore, keep the difference between the cost of the product on Salehoo (which is usually much lower) and the selling price of the product (minus any other associated fees).
There is also an option to buy the products in bulk if you have a warehouse or other storage facility. This option might pose more risk due to the inventory but you may yield better profit margins.
If you are on the fence about becoming a member of Salehoo for a full year, they offer a 7-day trial for $1, this gives you full access to their supplier catalog, market research lab and customer support. You can cancel your membership after this trial or rebill at the annual price of $67.
Salehoo also offers you the option of building your online store with the following plans (details included):
|Number of products||200||5000||Unlimited|
|Monthly Bandwidth (MB)||200||400||Unlimited|
|Phone and Email Support||yes||yes||yes|
|Free Business Logo||yes||yes||yes|
|Free $100 Google Adwords Voucher||yes||yes||yes|
|Wholesale Supplier Directory Access||yes||yes|
|Market Research Lab Access||yes||yes|
|Coupons and Discounts||yes||yes|
|Digital Product Processing||yes|
|Bonus Store Traffic Training||yes|
Finally, Salehoo provides additional training to help give you an edge over your competitors by learning strategies to maximize market saturation, attract more buyers and increase profits. These seven lessons are called “Online Selling Tactics” which will cost you $247 for lifetime access, or you can use their payment plan, which is $97 upon signing up and two more monthly payments of $97 (a total of $291). There is also a 60-day money-back guarantee.
It is always a challenge setting up an online store and knowing which manufacturer or wholesaler will provide quality and original products at a low price that can actually help you make a profit.
Firstly, it is important to understand the function of Salehoo. It is simply a mechanism to connect the customer to online suppliers, and it does not offer the actual products. There are many reviews online about this platform, some raving about the service while others stating disappointment. It is therefore debatable whether it is the best platform to source suppliers and products but it is clear that it is a legitimate tool for this purpose.
The elements that enforce Salehoo’s legitimacy are the 60-day money back guarantee, strong customer support, and the free guides, even before you sign up, on topics such as setting up your business, selling on eBay and Amazon and scam prevention.
The suppliers that are added to Salehoo’s list also have to go through a strict verification process that removes any scammers or counterfeit products.
This is not a simple answer. It could be worth the cost if you do your homework and employ the right strategies. Salehoo provides all the necessary resources that they believe will help you have a successful business, therefore if you become a member, you should take advantage of all that they offer. It is also important to determine the right niche that would be the most profitable.
The demand for certain products would always be subject to change depending on the market, but here is a list of the best drop shipping products to sell.
Yes, there are some other platforms that provide the same type of services as Salehoo, a brief description of each is included below.
Worldwide Brands has around the same number of suppliers as Salehoo but advertises that they have over 14 million products (as compared to the Salehoo’s 2.5 million). Their upfront cost is much higher than Salehoo’s ($299) but this is for lifetime access and there are no monthly or annual fees. They even offer a payment plan of $99 upon joining and then two monthly payments of $110.
This may not be the best fit for a first-time online store owner and it would be entirely up to the owner to work effectively to see a rapid return on investment. However, Worldwide Brands does go a step further to ensure you have the best suppliers – they visit trade shows, talk directly with manufacturers and each supplier has to go through a thorough qualification process to get a seal of approval.
While Doba and Salehoo are both designed to connect online store owners with suppliers, the processes are quite different. Doba works as the middleman, i.e. the business owner does not contact the supplier directly. Doba advertises that they have hundreds of suppliers and 2 million products and that their Supplier Scorecard feature will indicate each supplier’s fulfillment rate, average processing and shipping times, cost and much more.
They are much more expensive than Salehoo, with membership plans starting from the basic plan at $29 per month to the “Pro plan” at $249 per month. They even offer an “Enterprise Plan” which includes everything in the “Pro plan” plus seven additional benefits but you have to contact Doba to ascertain the cost. They do offer, however, a 14-day free trial.
Oberlo is an extension that can be installed on retail sites such as Shopify. It comes pre-installed for Shopify users. This makes it easy for you to choose your products and add them directly to your online store. It is easy to use, you can edit the details of your products to your requirements, you can easily switch between suppliers and you can allow multiple persons to help run your online store.
Oberlo offers three plans:
If you decide to use a dropshipping service, your choice should be based on the provider that gives you the appropriate products, low shipping costs, various sales channels, great customer support and whose interface is easy to integrate with the systems of your online store.
Jeremy started Hustle Life as a typical crappy affiliate marketing site and was attractive to the elusive allure of "passive income" but after years of learning, he learned that online marketing is more about HUSTLE than sitting on your @$$ doing nothing and he want's to pass on his hard-earned lessons to you.