Buying at wholesale price and reselling at retail price is the way to generate profit through your business. Buying low and selling high is a method that has long applied by businessmen. But the key to success isn’t in the “selling high”.  The ‘buying low’ is actually the key element for success.

If you aren’t able to get a good low price from your wholesale suppliers, then it will be very difficult to earn a profit. But when you are managed to find some good suppliers that can give you good discounts which will reduce your overall purchase price dramatically, and then you have a great chance of making good profit.

Now, the question is how to find profitable products at cheap prices so that they can net you a nice profit.

Google is one of the search tools that can help you find wholesale companies and websites. But Google will return you tons of “wholesale websites” claiming themselves the best. Some are charging high prices for the product supplies. Others offer an expensive membership access for a list of low quality wholesale companies.

However, some of them really have favorable prices, but only you agree to purchase in bulk. Many of them who claim themselves as wholesale websites are just dishonest middle men. They are not real wholesalers, in fact their buy from the real wholesale supplies, mark up the prices, and then sell to you for a profit.

Fortunately, not every wholesale website is bad. There is a site called SaleHoo. It provides a list of wholesale companies divided into 150 categories of goods, from jewelry and DVDs to plumbing supplies. SaleHoo is a good wholesale site. Their team will conduct research on the wholesale companies before recommending to you. To make sure those companies are reliable, they even test drive the wholesale companies by actually purchasing their wholesale products.

Plus, SaleHoo publishes reviews written by members on the wholesale suppliers that they have experienced with. This helps keep your risk down to minimum. You can avoid dealing with wholesalers that can lead you to disaster.

Those suppliers recommended by SaleHoo typically offer no or low minimum order quantities with low prices, so you don’t require a lot of capital for inventory investment.

You do need to pay to get access to SaleHoo. But it is worth the price as SaleHoo is really helpful to your home based business growth. And they did offer a 100% money-back guarantee where you can request if you aren’t satisfied with their services.