Jan 21

I’ve been in the wholesale industry for many years and have seen many people make a lot of money. At the same time I have seen a lot of people lose money with fraudulent so-called “wholesalers.”

This post comes to light today after speaking with a colleague who recently lost just under $3000 ordering some goods for his business that were to arrive first week of Dec. to be sold for Xmas. 7 weeks late – they haven’t made it to him yet and I don’t think they’re going to.

Always do your “DD” – due diligence – that is before you enter into a business relationship with someone.  Whether it be a few hundred dollars or a few thousand dollars, it is sad to say that there are people out there ready to steal your money.

Being in the wholesale industry for over 5 years, it is quite easy to spot the good from the bad. Rest assured that there are many great wholesalers out there with great customer service who will sometimes even have your product at your door in 24 hours. For beginners in the industry and even for some of the intermediate, scammers sometimes set out elaborate schemes to “dupe” you and run away with your money. Don’t let it happen to you. Unfortunately it had happened to me in my earliest days and I learnt the hard way that if its too good to be true, walk away, because it is.

If you have found a wholesaler you are getting ready to deal with, shoot me an e-mail through the Get In Touch With Us page and let me do a quick free review of them on my blog to make sure they seem legitimate  before you proceed.

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