Starting a business on your own is such a fascinating thing if you are an entrepreneurship enthusiast. But you may find it hard to start your online store.
There are a lot of wholesale items to sell from home. Ranging from books to pet accessories, you have plenty of things to add to your store. Today, in this article, we will give you an idea of the best wholesale items to sell from home online, the benefits of selling wholesale products, and how to start your first online store using WholesaleX.
Fortunately, there are a few handy platforms and tools to help you start your e-commerce business today. If you are planning on leveraging your wholesale business, the WordPress plugin named WholesaleX can help you create and manage your wholesale store.
Without further ado, let’s get started.
What is Wholesaling?
Wholesaling simply means selling items in bulk amounts. If a company buys products in bulk from manufacturers and sells them to other businesses, the process is called wholesaling.
The business mechanism helps items businesses to buy and sell in bulk at a discounted rate and make a profit easily. There are a lot of wholesale items ranging from books to electronics to jewellery and pet supplies.
You may also like to read: How does e-commerce wholesale distribution work?
Best Wholesale Items to Sell From Home [in 2023 and Beyond]
You can sell a lot of things from home nowadays using eCommerce platforms. Here, we have listed some of the most popular wholesale products to sell from home.
1. Books
At the top of the list, we have books. It is one of the simplest wholesaling products to sell online from home. You can sell a range of products, such as nonfiction, notepads, ideology, cookbooks, religious books, colouring books, and more.
If you sell books wholesale online, then you will get a larger customer base. From library owners to stationary shop businesses, you can catch up with a lot of people. Fortunately, books are easier to ship than many other products and will provide you with a healthy profit margin.
If you look at the numbers, then you’ll find that in 2020, 71.2% of the total revenue came from online book sales in the US. And some online sellers do prefer the nice, cozy environment of home!
2. Clothing
Clothes are profitable wholesale items to sell from home due to their appeal to young men and women. Plus, they have low costs to get started. The average cost of underwear, socks, and other clothing items is less than $5 per item.
At the same time, many online shops are growing. So, you will then have more opportunity to capture the businesses that are selling clothes retail. Selling wholesale will help you increase your sales and profits significantly. Also, selling online from home can be beneficial from a retail point of view as well.
For example, according to a report from CBRE, brick-and-mortar stores only have a profit margin of 8% whereas profit margin for online sales can go as high as 30%. So, you can expect a good amount of profit if you are selling goods from home online.
You may also like to read: How to get more wholesale customers?
3. Footwear
If you look at the numbers, then an average online shoe store can generate somewhere from $700,000 to $800,000 in revenue – generating somewhere from $90,000 to $100,000 in profits. Your return on investment (ROI) can be somewhere from 45 to 50%!
Shoes are an essential part of any wardrobe. And the reasonable cost of purchasing in bulk makes them ideal wholesale items to sell from home cheaply, generating a good chunk of profit. You can provide customers with a broad range of premium quality shoes at reasonable prices – selling them wholesale online (it is possible from home of course!).
4. Jewelry
Handmade jewelry is an excellent way to personalize any outfit. You can provide a range of styles, from classic to modern, as well as a range of materials, from gold to silver to gemstones. You can target the jewelry shops that sell in retail. Cause every retail store needs to buy from wholesale stores.
As an online jewelry store, your profit margin can be somewhere from 25-75% depending on the products you are selling. You can use wholesaling techniques to take your revenue to new heights.
5. Toys and Games
Toys can be a handy item to sell from home. And there is always a huge demand for toys and kids’ items. You can attempt many online or offline toy shops that want to purchase toys in bulk.
The toys and games online market in the US is predicted to surpass $400-billion. So, selling items in retail and wholesale from home online can be a potential money maker.
6. Home and Decor
Selling handmade home decor items online can be advantageous. These are the goods that are in high demand all year round. The sales of home decor items rise throughout the many festivals, and your profit does too.
Wall posters, clocks, table lamps, cushions, rugs, and many more items are among the most lucrative ones in this market. Profits from home decor items can range from 20-25%.
7. Electronic Gadgets
Phones, TVs, home appliances, wearable technology, and other electronic devices are necessities for everyone. There is an increasing need for accessories as more customers use electronic technologies. Also, the market for used electronics is also growing, yielding profits somewhere between 20 to 50%.
The most popular modern electronic gadgets make excellent items for wholesale business. As the retail electronics store industry is growing, you can offer your items in bulk amounts at a discount price.
Used electronics can be a great source for retail or wholesale business online. However, you may need to revise the pricing on wholesale items.
You may also like to read:
The difference between wholesale price and retail price.
What are the best wholesale pricing strategies?
8. Pet Supplies
People adore their feathery and furry babies, which is a major factor in the pet industry’s billion-dollar annual revenue (It is a sector that is growing by 13-15% annually, according to reports). Pet items are a great competitor on this list because they have been confirmed to be incredibly profitable.
But if you sell in bulk and target retail stores, then there will be less competition. You can sell a variety of pet things wholesale from your house, such as toys, food, treats, and litter supplies. These products are consistently in demand and have a healthy profit margin.
9. Artwork and Supplies
Another excellent item to sell from a home-based wholesale business is artwork. Manufacturers or wholesalers can provide you with various types of artwork, including paintings, sculptures, photographs, and other items. You can also provide custom designs or branded artwork.
This form of online sales can bring great profits, ranging between 15% to 60%. The same can be said for artwork supplies as well. Both forms of products can generate revenue. Especially artwork and supplies that can be sold in bulk.
10. Party Supplies
If you have a low budget, you can start by selling party decorations. As there is a higher demand for these items, you can sell more items in bulk. You can have a variety of party items like balloons, streamers, plates, tablecloths, ribbons, cutlery, tableware, and so on.
An ideal example in this case is Amandacreation. The owner, Amanda, makes around $90,000 a month, selling supplies for Birthdays, Baby Showers, etc. online. She offers retail and wholesale items for parties.
These are the top items that can be sold both in retail and wholesale. These top wholesale items to sell from home require an online wholesale tool that can make a lot of difference – WholesaleX is one of them.
Benefits of Selling Wholesale Products From Home
Wholesale goods are sold at a discount and in large quantities straight to a retailer. A wholesaler typically acts as a middleman between a manufacturer and a distributor or retailer. Even though you’ll be selling each item for a little less profit, wholesaling comes with several benefits.
Less Cost, More Profit
The main benefit is that it cuts down on overall business expenses. By selling items in bulk, you can earn more profit per unit from bigger orders and spend less on marketing. If you haven’t tried this way before, introducing wholesale can help you expand your sources of income.
No Extra Storage Cost
You won’t have to invest money in a warehouse or physical store if you sell from home. Stock can be kept at home and sold through an online market.
Wider Reach
In 2023, the number of mobile device users surpassed 5-billion. Also, the annual growth is predicted to be around 4.9%. This implies the importance of going online – selling wholesale products from home online.
With an online business, using your website, social media, and marketplaces, you may connect with customers anywhere in the world. Thus, your businesses are not restricted by any physical location. The WholesaleX B2B WooCommerce Plugin can help you out with that.
Flexible Wholesale Business Timings
Online business allows you to work when and where you want. This is especially useful for those who have other obligations, such as family or a full-time job.
Because of the extra flexibility, you can think about social reach and other relevant parameters to increase the growth of your business. You can think about the various pricing strategies and how it can help you gain better exposure.
Plan Product Bundles for Better Outcome
The flexible business timings allow you to think about exposing your products to the community. Offering bulk items can be beneficial as online buyers often search for certain items like party supplies, essential clothing, and other items in bulk. When more products are moved with each transaction, handling time and marketing expenses can be greatly decreased.
How Can a Plugin Like WholesaleX Help?
With an e-commerce website, you can get detailed customer data and insights like their behavior and preferences. This will help you better understand the demands of your clients. Using this collected data you can develop your marketing strategies, product mix, pricing, and so much more.
To sell anything online, you have to have an eCommerce platform. If you are planning on creating your first online store, there are a lot of tools to help you.
It’s always important to make sure your home-based wholesale store has a smart, attractive website. Plus, it should include all the necessary features like product pages, checkout, and payment gateways.
While you’re looking to create a WooCommerce B2B store, WholesaleX WooCommerce B2B solution can be an all-in-one solution there. You will get all the essential features and functionalities in this WordPress plugin to create a store. It will help you from managing discounts to completing user registration and management, controlling product visibility, and so on.
With WholesaleX, you can create registration forms and keep track of your orders, allowing you to make strategic decisions. You can also use the dynamic discount rules to give specific discounts to your specific customers.
Read More about Using Some of the Features Like:
- How to use WholesaleX user roles and dynamic rules?
- How to set category discounts using WholesaleX?
- How to use WholesaleX Wallet for payment?
- The WholesaleX Bulk Order Functionality.
Conclusion
By the end of this article, you have got an idea of the best wholesale items to sell from home. Plus, you’ve also come to know how to create an online store using WholesaleX.
There are a lot of benefits of selling wholesale items from home as they will help you increase your sales and generate more income.
More importantly, you need to create a clean, modern, stylish online wholesale store to sell items from home. WholesaleX will help you to create and manage a WooCommerce online store, so you don’t have to worry about it.
