Buying Digital Cameras At Wholesale
Prices
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Conventional wisdom is that wholesale is better than retail
because it offers the identical item (eg. Digital Camera) at a
significantly lower cost than buying that item at a retail
store. This is probably true, but there are some disadvantages
of buying a Digital Camera at a wholesaler. It's worth
mentioning these disadvantages before continuing with our
discussion on how to buy that camera from a wholesale
supplier.
Wholesale is not always 'significantly' cheaper than retail
anymore for big-ticket (ie. expensive) items such as DSLR
cameras. Bulk warehouse type retail stores often offer these
items as loss leaders in a practice called 'headlining'. They
put a very small margin on the main item sold, and then plan to
sell the accessories such as memory cards, carry cases,
chargers, or interchangeable lenses at full retail price. There
profit is all in the accessories. So, if you are not planning
on purchasing these, it might be just as cheap - and more
convenient - in buying your camera from this type of store.
If you decide to purchase wholesale, you need to establish
yourself as a 'credible' wholesaler. You need to do this
because wholesale suppliers protect their genuine customers
(retail stores) by not selling directly to the public. Strictly
speaking, the public should buy at retail stores, not wholesale
suppliers!
One obvious thing which will certainly blow your cover is if
you ask product-specific questions at the time of purchase. To
get the answers to these questions, its best if you do your
homework by either asking these questions to retailers who sell
the item, or to contact the wholesaler anonymously by telephone
and ask those questions. The other give away is your method of
payment. Genuine customers of wholesalers never pay by credit
card, cash or paypal! Get yourself a business checking account,
and offer to pay by company check. This is surprisingly easy to
do. A visit to your local bank and a friendly chat with your
bank manager is usually all you need to do.
The final item we need to cover is where to find that
wholesale supplier. Try google or even the old fashioned
paper-based yellow pages! There are some trade portals such as
Alibaba.com. But be sure to check that the supplier is
legitimate before making any payment! Some well-known wholesale
suppliers of digital cameras are Tiger Direct and
Costco.com.
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