Are you planning a new business venture? Do you want to get in touch with wholesalers online? Looking for ways to make a huge profit in your business? If you answered yes, then you are likely to be an ambitious, aspiring, and enthusiastic business owner or planning to start up your own business. Now you have an option that can actually achieve what you consider. And that is SaleHoo.
If you are considering setting up a dropshipping or wholesale model for your e-commerce business SaleHoo offers many benefits of setting up your store to operate with a dropshipping model.
Let’s take a look at what SaleHoo has to offer and why you should consider it.
Introduction to SaleHoo
Founded in 2005 in Christchurch, New Zealand, Salehoo has become one of the biggest wholesale and dropshipping directories on the planet. This was helped by the fact that they became one of the first companies to offer international wholesale contacts to their retailers.
Co-Founder Simon Slade was a former online seller himself and Salehoo was born from his frustrations of not being able to find a wholesaler who would cater for new businesses.
Salehoo now boats over 8,000 trusted wholesale and dropshipping suppliers. These companies offer over 1.6 million recognizable branded products that you can sell to your customers. Salehoo currently has 137,000 paying members who take advantage of these opportunities.
You can take a look at a short introduction video of SaleHoo below.
How Does SaleHoo Work?
After you sign up and set up your account, the first thing SaleHoo suggests is to begin searching for products that you are interested in selling. When you find a product that you want to sell or a supplier that you are willing to work with, contact the supplier directly to place an order. Every supplier page includes vital information such as estimated shipping time-frames, minimum order amounts, etc.
It is extremely important to decide whether you want to drop ship products directly to your customer or purchase the products in bulk or wholesale and ship them yourself.
Here are how the two methods work:
Drop Shipping – You sell the item first and then place the order with whatever supplier you are working with. The supplier ships the item directly to your customer. You do not see or handle the product with this method.
Bulk/Wholesale – You purchase the products upfront from a supplier. The supplier then ships the item to your home or warehouse. You sell the item online and ship the item directly to your customer. This method is more complex but tends to yields much higher profit margins.
Features of SaleHoo
SaleHoo offers a number of different options that providing a directory of wholesalers & dropshippers for eCommerce stores. Your dropshipping business is almost ready to take off.
1. Dropshipping Suppliers
SaleHoo has thousands of dropshipping suppliers in its directory. Each of these suppliers has been audited and tested by Salehoo so that you can be sure that they can be trusted. It doesn’t mean that the reviews on the platform aren’t important, but it does give you a certain peace knowing you’re dealing with legitimate businesses.
When you click on a supplier, SaleHoo provides the following information:
- Product range
- Company details
- Their shipping method
- Locations they ship to
- Customer reviews
Everything you want to sell, there is likely to be a supplier that can supply those products. Salehoo has suppliers of common product categories such as Clothes, Jewelry, Shoes & Fashion, and Antiquities, Baby Gear, Cameras & Photo, Car & Auto Parts, Clothing & Fashion, Consumer Electronics, DVDs & Movies, Health & Beauty, Jewelry & Watches, Pet Products, Sporting Goods & Entertainment, Toys & Games, Travel & Outdoors, and Video Gaming. Within each one of these categories, there are also a number of sub-categories.
2. Various Wholesalers
SaleHoo provides you with over 8,000 trusted wholesale suppliers, both locally and internationally, with all the necessary information from those suppliers. There are mostly big-time manufactures from which suppliers mostly buy, so you can expect factory prices and price ranges for their products. You can also find if the product will give you a profit when you sell it.
Furthermore, you can check for suppliers in your country as well as companies that ship to your place. In addition, you can also show their minimum order values and products. This method is much easier than going through a thorough search on Google.
3. Market Research
Salehoo tracks the 1.6 million products in their directory to help you find a market that is popular and potentially the most profitable. The SaleHoo’s Market Research tool can easily give you insights into some of the best-selling products on the market, so you don’t get stuck trying to sell something that isn’t driving demand. SaleHoo provides research and tracking data on all its products. It makes things easier and user-friendly.
The service uses metrics such as competition data, profitability rates, successful sales, etc. to connect you with the tools that sell. For members, this data is readily available, helping you make the right decisions concerning what to sell.
Salehoo also uses ‘sale cost’ and pricing data to identify low-competition goods. You will also ensure that you stand out and become special in an otherwise competitive market. In addition, you can also access month-by-month revenue reports to catch the seasonal patterns ahead of your rivals. This will also help you from losing money from a wasted inventory.
Some of the features you can use to find potential products and run reports on them based on:
- Competition
- How often is this product listed
- Sell rate
- Price
- Trending
SaleHoo Pricing
What is Salehoo’s pricing and how much does it cost to join?
- Yearly membership with Salehoo would cost you $67, with a 60-day money-back guarantee.
- Salehoo also offers a 7-day trial for $1.
- The 7-day trial and the yearly membership will both give you full access to the list of suppliers, market research labs, personal email and chat support, and private members’ forums.
- They can also build you an online store with the basic plan for $27 per month, the standard plan for $47 per month, and the premium plan for $97 per month.
- Salehoo offers a set of kick-start lessons called “Online Selling Tactics” for $247, or a payment plan of $97 upon signing, and two further monthly payments of $97.
Is Salehoo worth the cost?
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.
Advantages of SaleHoo
There are several advantages of SaleHoo, and we will point out some of them.
SaleHoo speed – SaleHoo speeds up the process of going through suppliers. You can easily discover the latest items and the prices they sell on common eCommerce platforms. You may also compare the goods with the manufacturers that store them to ensure that you just get the best prices.
Customer Service – SaleHoo has one of the best customer support with lots of options to contact them by and decent opening hours are essential for sellers just starting up
Brands – Diverse and a lot of fantastic brands available through Salehoo such as Disney, Lego, Adidas and Sony
Suppliers – All of the suppliers are firstly screened and examine, so you can be fully confident that you won’t be deceived.
Training – SaleHoo training area is fantastic. They’ve taken time to understand their customers, trawled through issues on their community forum, and put together comprehensive guides and videos to help them out
No Fees – You pay a one-off $67 a year fee and there are no hidden fees. You may end up paying an application fee to a supplier but you will know so beforehand
Refund guarantee – You have 60 days to try out Salehoo and will get a full refund with no questions asked if you wish
Low minimum orders – A great feature for people who are looking particularly at wholesalers. You may have acquired storage space and might not have much space originally, or you don’t want to commit too much financially. Salehoo alleviates this by offering low minimum orders
Market research – Salehoo’s market research is fantastic. You can identify market trends, take advantage of seasonal products and analyze competition level to ensure you make the right calls
The Convenience of Salehoo
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).
Disadvantages of SaleHoo
Marketplace Fees – A lot of their customers are likely to use eBay and Amazon to sell their products. However, once you bought a product from a wholesaler or dropshipper and then sold it on one of these marketplaces, the profit margin may not be great. Third-party platforms charge selling fees and it is not so good for your profits. Some products could be overpriced and cheaper on Amazon or eBay.
Amount of products – Whereas 1.6 million products may sound a lot, it doesn’t scratch the surface of the 16 million supplied by Worldwide Brands
Other:
- The database needs to be refreshed
- Salehoo don’t sell on their own website
- The profit margin may not be high
- The location-based searching feature is missing (there is no search function to find suppliers in specific locations)
- For someone who is still learning to set up their online business, all the information can get a bit too overwhelming
Still Not Convinced?
If you are still considering if you should go for SaleHoo or not and you want to read some more reviews from other users, you can read some of the reviews to get some more information.
Conclusion
We have revealed to you SaleHoo – A Complete Review.
SaleHoo is a great platform for aspiring eCommerce entrepreneurs who want to get started with drop-shipping.
If you don’t have your own storage warehouse and you’re looking to take it to the next level, then you can be accommodated by Salehoo.
SaleHoo is one of the moderately priced dropshipping tools you can lay hands on. It offers a dropshipping supplier directory, wholesale directory, and a lot more.
SaleHoo’s market research tool makes it possible to find hot products to dropship. There’s their customer support team ever willing to assist you in your dropshipping journey, and a lot more.
With most of these companies and due to the number of products that Salehoo offers, there is a ceiling that can be reached.
We hope that you find this article useful.
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