Hi Anita,

Great to hear from you! 🙂

Wholesale means purchasing ecommerce inventory in bulk from a retailer at a discounted price, and then reselling it to your own audience. This is what many brands and stores do, as it is beneficial for them to get a lower price and sell to their audience and it helps the wholesaler they purchase from because they get to sell more inventory (even though at a reduced rate). It’s a great strategy for anyone looking to start an ecommerce store as opposed to drop-shipping as you can do faster shipping times and usually have higher quality products at better prices.

If you’re hesitant to lose money, start your own website from scratch first and simply play around and build it up from there. No need to jump in and purchase a site, especially if you don’t feel ready.

Thank you, so glad you enjoyed the VSOT video and found it helpful! Thanks for the idea, I will add that to my video list and see what I can do. Don’t know if I’ll be making more videos for a while now.

Keep me updated how your journey goes and if you decide to start or buy a site!
-Stacy

Just wondering what does ‘wholesale’ mean? Can you please give an example of a wholesale supplier?

I think right now the number 1 thing I’m looking for is price because I want to learn SEO and apply it to a website but I’m hesitant to invest too much. I guess my worst case scenario is losing all my money which I bought the website for so I’d like to minimise this. Is it possible to buy a website for $1000 that already has a monthly passive income?

I’ve just found your YouTube channel too and watched the video on VSOT this morning whilst I did my morning workout. I’d love to see a video to learn more about how you do a best case and worst case analysis. Thanks so much