It’s still amazing how expensive tools can be, even for the simplest tasks, whether you’re a tradesperson or a homeowner who wants to do some DIY.
Do you ever say to yourselves, “Of course I can do that myself!” just to learn after a brief search for the tool (or tools) you’ll need for the job that what seems to be an easy task can cost you hundreds of dollars?
Fortunately, it isn’t always the case since there are a few sites where homeowners can buy cheap tools online. This allows you to purchase reliable, certified brands without having to walk into a high-end store that is only interested in your pocket.
Homeowners buy new tools and machines from a variety of stores. In the following, there are some of my favorite places to purchase drills and other workshop items:
💠 Online Distributors (e.g., Amazon.com, Acme Tools)
💠 Big Box Retailers (e.g., Home Depot, Lowe’s)
💠 Industrial Suppliers (e.g., McMaster Carr, Zoro)
💠 Woodworking Shops (e.g., Lee Valley, Rockler)
💠 Specialty Supply Shops (e.g., Little Machine Shop, TEquipment)
💠 Knives, Multi-Tools, EDC Tools
But, how about the retailers who look for cheap tool suppliers so they can run a more profitable business?
As a tool retailer, you wouldn’t buy tools from other tool retailers to sell as your own as a tool manufacturer. You wouldn’t be able to get the large quantities you require for your customers, and you wouldn’t be able to make a profit because the products are already marked up. That is why tool retailers buy their supplies from wholesale dealers.
In addition, the quality of the tools you offer has a strong impact on your bottom line and your tool store’s credibility. There are always many tool suppliers out there, so choosing the right tool supplier matters. That’s why it’s so essential to deal with reliable cheap tool suppliers.
If you are opening a retail tool store or simply buying wholesale tools for the first time from tool suppliers, it’s essential to understand the process of purchasing tools. The more informed you are, the more profitable your resale tools business can become.
You can find many cheap tool suppliers in China.
China is one of the first target markets for small businesses looking for cheap tool suppliers because production prices are much lower in Asia. Finding a dependable wholesale tool supplier in China is a crucial step in starting a successful tools business.
There are three main ways you could apply when intending to purchase tools from Chinese suppliers, including:
• Chinese Trade Fairs
Attending shows like Canton Import & Export Fair and GTS (Global Sources Trade Show), is a good opportunity for meeting with reliable local manufacturers could be like a small investment for the contacts you can establish.
• Wholesale Markets
A smart way to purchase tools from China is to visit a wholesale tool market where you can browse a large range of items at low prices. Yiwu Market, the world’s biggest wholesale market, is one of these wholesale markets.
• Chinese Suppliers on the Internet
Supplying and importing goods from other countries is now possible thanks to technological advances. It is no longer possible to plan difficult and costly business trips to China, visit Chinese factories, and communicate with Chinese suppliers.
Considering the following tips when dealing with a tool supplier would be helpful to make the right choice:
• Speak with the tool manufacturer to get a picture of how they communicate.
• Ask as many questions as you can!
• See if they’d be willing to send you a sample tool.
• Examine their track record to see what other retailers had to say for them.
• Check their pricing and compare them to existing tool suppliers and see what their gross profit margins are on some of their goods.
• Check to see that a good number of the customers sell the same products as the wholesaler.
• In certain cases, getting specialized tools is preferable to getting commodity tools.
Frequently Asked Questions
What are good cheap tools?
8 useful tools you should buy are: Hitch-Ball Wrench|Chisels (Set of four)|Dolly (1000-pound)| Giant Screwdrivers|Pick-Up-and-Reach Tool|
How do you deal with difficult suppliers?
Develop your communication skills|Put it down on paper|Find out what they want from you|Act quickly to escalate the situation
How can I get discounted tools?
If you’re a good negotiator Craigslist should be your go to place for huge discounts on tools (especially power tools).
By purchasing tools directly from cheap tool suppliers at factory prices, you will increase your company’s profitability and profit margins. The morecost-effective an item tool is, the more profitable your business can be. China is one of the first target markets for small companies looking for low-cost products for their shop because production prices are much lower in Asia.
8 May 2021