Wholesale Product Sourcing for Your Business

Use your common sense!

If a deal is too good to be true, you can be sure more...0 points

If a deal is too good to be true, you can be sure that it is not true. For instance, Louis VuittonTM does not have sales, burns all its surplus, so basically if someone is selling new Louis VuittonTM merchandise, it is fake %u2014 and that probably means everything else they are selling is fake too! PradaTM handbags do not sell for $50, period. Got it?0 points

Know your brands.

If you are selling a brand, please do your due dil more...0 points

If you are selling a brand, please do your due diligence %u2013 research it before you sell it. This is easy to do and will save you a lot of problems later.0 points

Quality Control.

The best way is to go and buy one of the real ones more...0 points

The best way is to go and buy one of the real ones from an authorized store (you can always return it later). If you cannot do this, then check two samples side by side. Count the stitches %u2014 the stitch count should always be the same. Check the labels %u2014 the content, font, positioning. And know your brands %u2014 every brand adopts certain anti-counterfeiting measures, try to search online and find out what these are. And, finally, if you are investing a lot of money, there are special...0 points

Pricing.

The price that you are being asked to pay for a pi more...0 points

The price that you are being asked to pay for a piece of merchandise tells you a lot about the merchandise. Much of this is the application of Rule 1 %u2013 common sense.0 points

Know who you are buying from.

The best is to always visit their warehouse/showro more...0 points

The best is to always visit their warehouse/showroom and get to know them. If you cannot do this, then it is essential to only deal with vendors that:&amp;lt;br /&amp;gt;&amp;lt;br /&amp;gt;&lt;br /&gt;&lt;br /&gt;<br /><br />
&amp;lt;br /&amp;gt;&amp;lt;br /&amp;gt;&lt;br /&gt;&lt;br /&gt;<br /><br />
i) Have a US domiciled business (are a legally incorporated company within your jurisdiction %u2014 whether it be the US or any other Country) such as a Corporation or an LLC.&amp;lt;br /&amp;gt;&amp;lt;br /&amp;gt;&lt;b...0 points

Chain of Title.

The chain of title is the trail of invoices from t more...0 points

The chain of title is the trail of invoices from the original trademark owner, or authorized third party seller, to you, the buyer. What this means is that, having adhered to Rule 6 above, you get an invoice from your supplier. That invoice must specify exactly what you purchased including the brand name written out in full, and the style number of the items that you purchased. In addition, the invoice must specify that the goods that you are purchasing are guaranteed to be authentic.0 points

Know the US Customs & Import Laws.

It is completely within your rights to import auth more...0 points

It is completely within your rights to import authentic merchandise from non-US domiciled brands and re-sell them, within certain limitations. However, it is not permitted to import US domiciled brands, such as Ralph LaurenTM and Tommy HilfigerTM, into the US without the permission of the respective brands. So know the rules up front and avoid obvious mistakes and pitfalls.0 points

Start Small and Insist on Returns.

When you are starting out with a new supplier, alw more...0 points

When you are starting out with a new supplier, always start small. Do not be bullied into a large order. That in itself is a red flag. Furthermore, insist on your ability to return the merchandise if you are not happy with it. After all, this is your right. Again, another red flag if the supplier does not accept returns.0 points

Pay with a credit card.

Credit card payments protect you, they are always more...0 points

Credit card payments protect you, they are always better than cash or bank wire transfers, until you get to know a supplier and your orders grow in size. If you use a credit card for payment, keep records, and you can always file a chargeback.0 points

Use your Common Sense!

Yes, that again. And again.0 points