Buying something in large quantities or bulk from the producers and selling it to the retailers is the essence of wholesale business. This is a profitable business idea and you can start a wholesale business with a variety of products. Here in this article, we have selected a list of profitable wholesale business ideas one can start with low capital investment.
You can choose among different kinds of products for your wholesale business. However, you have to choose the products after thorough research of the demand, the number of competitors, and the demographic profile of the area of your business.
Since wholesale business ideas are related to the bulk purchase of products, you will need a good storage space or warehouse for keeping the items. Choose the space and make necessary storage arrangements according to the nature of the goods.
Wholesale business ideas have bright prospects according to the statistical data. According to IBISWorld, the wholesale trade industry has experienced an average growth of 3.8% every year in the period between 2017 and 2022. The market size of this business in the USA is approximately $10.4 trillion in 2022 and is expected to grow by 4.3%.
25 Wholesale Business Ideas
1. Medicine Wholesale
Medicine is a lucrative wholesale business. The pharmaceutical sector is one of the fastest-growing sectors where your profit margins will be high. For the medicine wholesale business, you have to choose a store or premise to stock the medicine. Then you need to contact the pharma companies and buy medicines at discounted prices.
In the next step, you will sell these medicines to retailers or chemists. Keep in mind, that you will need several licenses and permits for this business and obtain them before starting the business.
2. Clothing Wholesale
Fashion is also a growing industry and that is why clothing can be a profitable wholesale business idea for you. Stock up apparel from garment manufacturers and keep them in your store for the retailers to buy them. In this business, you have to choose a niche like women’s clothing, kids’ clothing, etc. An online sale is also a good option for wholesale clothing businesses.
3. Jewelry Wholesale
The jewelry business is a good wholesale business idea. The demands are growing and styles keep on changing, making your profit margins higher. In this business, you can sell bulk jewelry to other wholesalers, retailers, or directly to customers. Choosing a niche can help you in this business.
4. Footwear Wholesale
We cannot do without footwear. Hence footwear is an excellent wholesale business idea. So many kinds of footwear are manufactured and sold for different age groups, sexes, and classes of people. You can utilize this variety by stocking up on different varieties of shoes from the manufacturers, both renowned as well as not-so-famous, and selling them to retailers. Online selling is also a profitable option.
5. Grocery Wholesale
The grocery wholesale business is not only a profitable business idea but also steady as we all need grocery items every day. You will need a good store for grocery items. Decide on the types of items you will stock, like, cereals, edible oils, spices, etc, and buy them accordingly. Stock up on products that have maximum demand locally.
6. Organic Food Wholesale
Organic foods have become quite popular now. That is why this is a good wholesale business idea. Organic foods are of different types, like, fruits and vegetables, cereals, spices, beverages, etc. Choose your niche before starting your organic food wholesale business. Find your premise according to your niche. You can also sell items online.
7. Computers and Laptops Wholesale
Computers and laptops have an enormously large market. Millions of dollars are spent every day on these items. Hence wholesale business of computers and laptops is a lucrative wholesale business idea. You will need a spacious premise for this. Buy items from renowned manufacturers and sell them to retailers or directly to customers. A store in a busy place like a shopping mall will help you a lot.
8. Computer Parts and Accessories Wholesale
Just like computers, their parts and accessories are also in high demand. Hence this business will be a lucrative wholesale business idea for you. Your prospective clients include retailers, computer repair stores as well as individual customers. Good contacts and a strategic store location are important for this business.
9. Electronic Gadgets Wholesale
Different varieties of electronic gadgets are there. Choose a niche like household appliances and start wholesale trading. This is an excellent wholesale business idea and will give you high returns within a short span. Buy gadgets from renowned brands, especially the ones that are popular in your business area. You will need a large storage space for this business.
10. Toys Wholesale
Toys have a constant demand around the year. Hence they are a good choice as a wholesale business. Buy toys for various age groups and different price ranges. Open a toy store at a good location and also sell toys online. Offer special discounts on bulk purchases to boost your sales volume.
11. Stationery Wholesale
Stationery items like paper, ink, files, tape, glue, school stationery, etc have round-the-year demand and it is a growing market. Hence wholesale business of stationery items is a good wholesale business idea. Your biggest consumers in this business are the retailers and owners of stationery shops.
12. Automobile Parts Wholesale
Auto repair is a big business and automobile parts are very much sought after. Therefore automobile parts comprise a lucrative wholesale business idea. Popular automobile spare parts include headlights, mirrors, door handles and locks, windows, radiators, heating and air conditioning equipment, brakes, axles, etc. Stocking up different kinds of parts is a good decision in this business as the market is very big.
13. Furniture Wholesale
Wholesale trading of furniture is a lucrative wholesale business idea. Since there are different types of furniture used for a variety of purposes, it will be wise for you to choose a niche like office furniture, space-saving furniture, etc. Buy the products of renowned manufacturers for the reputation of your business. Furniture store owners and interior decorators are your primary customers. Online selling is also profitable.
14. Medical Equipment Wholesale
Medical equipment is much in demand and is a prospective wholesale business. It is a wide area with numerous kinds of products ranging from surgical needles to imaging or scanning systems. Hence, it will be better for you to focus on a certain range of products. Hospitals, nursing homes, and medical equipment stores are your main customers.
15. Livestock Wholesale
Livestock is a highly demanded item and profit-making as a wholesale business idea. You will need a large farm in the rural areas for this business. Focus on the most demanded livestock in your business area. Cow, goats, and pigs are most profitable as livestock. Get a good knowledge of breeding and food habits along with the disease management of animals you are going to sell.
16. Agricultural Equipment Wholesale
You can think of selling agricultural equipment as a wholesale business idea. It is a steady and sustainable business that will give you good profit. You have a wide range of equipment in this sector produced by renowned manufacturers. Equipment includes sprayers, tilling machines, transplanters, diggers, shredders, harrow cultivators, etc. Buy the equipment in large numbers to supply to the local stores. Sometimes, you will need transport facilities to deliver them to the stores.
17. Seeds and Fertilizers Wholesale
Seeds and fertilizers are required in large quantities and hence they are good wholesale business ideas. Buy chemical as well as organic fertilizers for your business as both have considerably good demand.
18. Sports Items Wholesale
Sports items like cricket, badminton, tennis, and soccer, and other sports items like balls, bats, rackets, gloves, helmets, etc are profitable items as wholesale business ideas. You can also sell fitness equipment that has great demand now. The strategic location of the store is very important for this business.
19. Pet food Wholesale
The pet food business is a great wholesale business idea and you can earn high profits from this business. Different varieties of pet food are available in the market for various pets. Many well-known companies manufacture them. Keep a good stock of pet food and offer discounts for higher sales. Pet shops, vet clinics, and individual customers will buy from you. Online sales are very effective for this business.
20. Building Materials Wholesale
Construction is taking place everywhere and construction materials are always in demand. Hence construction materials are a lucrative wholesale business idea. Buy materials like cement, paints, tiles, marble, Limestone chips, Metal bars, Road concrete, Plaster of Paris materials, etc. You will need a large storage space for the materials.
21. FMGC Products Wholesale
FMGC or Fast Moving Consumer Goods comprises an essential wholesale business idea. Choose your niche among the different categories of FMCG products. As these items have a short shelf life, you have to create a good sales and distribution network to earn your profit.
22. Home Improvement Products Wholesale
Wholesale trading of home improvement items is an excellent wholesale business idea. These items are highly sought after. Some of the home improvement items include a wide variety of things ranging from magnetic curtains, and mosquito nets to smoke alarms, fire alarms, or CCTV cameras. Carefully choose the range of products you want to sell, after going through the demand graph.
23. Leather Products Wholesale
Leather products are widely demanded as well as acclaimed. Hence it is a profitable wholesale business idea. Different categories of leather products are manufactured, like bags, wallets, jackets, belts, shoes, etc. Stock these items manufactured by famous producers and sell them to retailers, shop owners, or individual buyers earning high profits. You can also sell the items online.
24. Plastic Products Wholesale
Plastic products ranging from containers and bottles to PVC sheets or pipes are widely sold and are a good wholesale business idea. Try to buy recyclable and safe plastic items, keeping in mind the environmental hazards. You will need a large storage space for plastic goods.
25. Glassware Items Wholesale
The wholesale business of glassware is a lucrative business idea. You can sell drinking glasses, tableware, serving utensils, containers, and vases as well as surgical or laboratory items of glass. They fetch a good price ensuring a comfortable profit for you. An online sale is a good option in this case.
Wholesale business ideas are all about buying in large quantities and selling them to retailers. If you can plan well and feel the pulse of the market properly, you can earn huge profits from this business.
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