In order to work with a wholesale supplier, you do need a State Registered Business Name and Tax ID. It has nothing to do with where you sell; it’s who you BUY FROM. Wholesalers are required by law to keep your Tax ID on file and must have proof that YOU are a legitimate retailer. Worldwide Brands is only as good as you make it, they will surely provide you with education and some tools to get started but it is up to you to use them. WWB have more than enough to get you started with eCommerce but they don’t provide you with a business in a box – it is just education, tools and suppliers.

Also, I am very interested in doing reselling online. Is WWB really as good as everyone says and will it surely provide the information and tools I need to have a great online business?

As you very rightly mentioned that consumer electronics is a cut throat business, however if by any means lets say I manage to get order of lets say 3000 digital camera’s of a specific make model, would I be able to convince a manufacturer or registered wholesaler to deal directly?

The reason ALL of the Suppliers cannot work with International Retailers has a lot to do with trade and export agreements that these Suppliers have with their manufacturers, regarding selling outside the US. Doing so could put them into direct and unfair competition with Suppliers of the same products in other countries.

In order to sell most effectively to the US market from other countries (or to be able to use ALL of the Suppliers listed in the tool), you would need to either locate and work with a partner who resides in the US, or set yourself up as a US Corporation.
You’ll need a US Merchant Account as well. US requires the following for any Merchant Account in the US:
1. A US social security or Tax ID number.
2. A US business address.
3. A US checking account.
To obtain these three things, an international merchant must incorporate in the US, as mentioned above. Once incorporated, an international merchant can go to a “Mailboxes Etc.” or other mailbox service in the US and use that as the business address.
The Merchant Account provider you choose then ensures that your customers’ money get deposited via wire transfer out to your bank account in your own country.

Very nice write up you have done here. I too have been searching on tips to make money on the internet and dropshipping might be the answer for me. I would like to know if WWB do provide services for International clients, those that does not reside in Canada or USA? I am worried that if I paid that much money to get in WWB, I can’t even use their service at all.

As far as your concern about “…you then find a never-ending supply of the same item(s) on eBay and/or Amazon from hundreds of other people trying to sell the very same thing from the very same place…” If you’re selling on eBay you can easily beat 90% of competitors by choosing the right selling strategy and doing market research. On average I was able to sell my products 25% more profitable than some regular Joe in the same market selling the same exact product by using eBay market research tools like HammerTap and TeraPeak. By analyzing eBay market information they tell you what’s working and what’s not, give you an exact information about what you need to do to sell more profitable. Which sales copy is working for your product, what day and time you need to start your auction, which keywords you need to put in the title to attract buyers, what your best starting price should be etc. The rest of your competitors don’t have that insight information…

You don’t have to have the lowest price in the market in order to make money: eBay and Amazon are not the only two places where you can sell. There are gazillion of independent online stores that are selling same items as eBay and Amazon and they don’t have lower prices but they are still profitable. Look at MyWeddingFavors.com for example – you can find exact same items on Amazon cheaper. In order to win a customer they’re putting unique twist like “free engraving on your Champaign glasses” or “get free… when you buy this…” they are not just selling wedding favors – they are selling “unique wedding favors that reflect your personal style”. People love to feel special and when they feel special they much more likely to buy from you.

I think, it is entirely possible that WWB compensated for referring sellers to eBay, Yahoo, Amazon. But at the same time they negotiated a deal with them, so you’re getting value out of it too. I think, referring person to a good product that is working is worth compensation. (There are a lot of folks out there that will try to sell you piece of s##t wrapped in golden foil, just to get commissions). So, giving that most online products have affiliate programs, I figure, it’s better to put the money in pockets of those who’re trying to share the good, than to leave the money to the dishonest affiliates. I think you shouldn’t endorse anything for money that you wouldn’t endorse for free. You may wish to adopt a similar philosophy.

We, as online entrepreneurs, should use the best of both worlds so if you’re using a product that is good why not make more money by promoting it as affiliate also? Worldwide Brands is a good eBiz informational resource and their drop ship is top notch. So if you want to promote them, you can check out WWB affiliate program here.