Buying goods online to sell in high street shop?

Discussion in 'General Business Forum' started by B1030420, Oct 10, 2019.

  1. B1030420

    B1030420 UKBF Newcomer Free Member

    3 0
    Hi. Quick query.
    Pet shop on high street. UK England.

    If I find dry goods online (like eBay Amazon AliExpress) cheaper than what my suppliers charge me, can I buy online and resell in my shop.

    There’s a water test kit in question my suppliers all try and charge me £28 before tax. I can buy it on amazon for £15....

    What legal hoops do I need to jump through? Sorry I’m still new to all this just sick of getting mugged by wholesalers.
     
    Posted: Oct 10, 2019 By: B1030420 Member since: Oct 10, 2019
    #1
  2. paulears

    paulears UKBF Big Shot Full Member

    3,961 981
    The only snag could be if the manufacturer has special agreements in place with their distribution chain, but if they're on Amazon, I doubt it. Only question is if it really is the same thing or a knock off? I'd buy one to see what the difference, if any, there is.
     
    Posted: Oct 10, 2019 By: paulears Member since: Jan 7, 2015
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  3. B1030420

    B1030420 UKBF Newcomer Free Member

    3 0
    The goods online are genuine; I’m sure of that. There are countless things on our lists from wholesale suppliers that I just can’t afford to buy in as customers can get them online for less than what I could buy them for. And it makes me look bad for not stocking certain items.

    I didn’t know if I needed invoices/ vat recipes for stuff I buy. Surely I’m missing a trick. I got told when I opened the shop I couldn’t buy online and resell with an invoice. It’s really hurting my business
     
    Posted: Oct 10, 2019 By: B1030420 Member since: Oct 10, 2019
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  4. B1030420

    B1030420 UKBF Newcomer Free Member

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    When I have to buy goods online for my own hobby at home because the wholesalers charge me more than amazon.... ridiculous
     
    Posted: Oct 10, 2019 By: B1030420 Member since: Oct 10, 2019
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  5. ecommerce84

    ecommerce84 UKBF Regular Free Member

    558 166
    There is nothing stopping you from buying them and reselling them in your shop.

    As Paul says, legitimacy needs to be checked but assuming it is the real deal, go for it. Your wholesaler won’t like it, but that’s business at the end of the day.

    Yes you need a receipt or invoice if you want to put it through your accounts (which you do) and the sellers should be able to oblige to this. Often the confirmation email or packing slip will double up.

    I imagine the practise of buying goods from eBay or amazon to resell is a lot more prevalent than people would realise.
     
    Posted: Oct 10, 2019 By: ecommerce84 Member since: Feb 24, 2007
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  6. Mr D

    Mr D UKBF Legend Free Member

    16,751 1,869
    No reason you shouldn't be able to buy online.

    You check its not a knock off, you sell it.

    Just use the receipt / invoice from the purchase in your accounts same way you would other receipts and invoices.
     
    Posted: Oct 10, 2019 By: Mr D Member since: Feb 12, 2017
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  7. Mitch3473

    Mitch3473 UKBF Regular Free Member

    1,036 247
    Point to mention if you're VAT registered. You'll need to get a separate VAT invoice from your supplier as some of the Ebay receipts dont carry the VAT number. I found out the hard way........
     
    Posted: Oct 10, 2019 By: Mitch3473 Member since: Aug 25, 2011
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  8. Mr D

    Mr D UKBF Legend Free Member

    16,751 1,869
    Some of the eBay sellers who claim to be vat registered cannot provide a vat receipt.
    A few of the better sellers who supply businesses send a vat receipt by email automatically.
     
    Posted: Oct 10, 2019 By: Mr D Member since: Feb 12, 2017
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  9. 14Steve14

    14Steve14 UKBF Enthusiast Free Member

    716 114
    I would also check that your liability insurers are ok with you buying goods particularly if they come from outside the EU. Some dont offer cover for goods bought from China.
     
    Posted: Oct 12, 2019 By: 14Steve14 Member since: May 18, 2010
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  10. TickledPink

    TickledPink UKBF Contributor Free Member

    87 17
    Just to throw this in, years ago I sold computer equipment and had accounts with a variety of distributors, including some of the largest. Before long I realised that I couldn't compete with the prices they were offering. Even 20 years ago, there was a problem with distributor prices to smaller retailers not matching prices of more established retailers who, I guarantee, they were also supplying.

    There shouldn't be a problem with you buying from other sources. Chances are that at least some of them are buying from the same places that you are but in larger quantities, which helps them get better pricing.
     
    Posted: Oct 12, 2019 By: TickledPink Member since: Jan 31, 2011
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  11. Mr D

    Mr D UKBF Legend Free Member

    16,751 1,869
    You wonder what equipment in the offices of the insurers does not use products from China.
     
    Posted: Oct 12, 2019 By: Mr D Member since: Feb 12, 2017
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  12. Anthony K

    Anthony K UKBF Newcomer Free Member

    10 3
    1. Contact the seller and ask them any questions you may have.

    2. If you have done your “homework” on the company and are happy with their response, order one product to ensure the quality is as expected, delivery times are reasonable, full invoice is supplied, CE marking (if required) etc

    3. On arrival, if you are satisfied with the product, contact the seller / business and explain your ordering requirements and see if you can negotiate a better price moving forward.
     
    Posted: Oct 14, 2019 at 9:30 AM By: Anthony K Member since: Apr 30, 2018
    #12