How to Detect Fraudulent Wholesalers and Companies?
Recently there has been an influx of fraudulent wholesalers and dubious bulk discount stores on the net. This article concentrates on how to detect such companies and what necessary checks must be carried out before investing in any business venture. To detect whether the wholesaler or the company, being dealt with is genuine or not, these checks must be considered. - A professionally designed website with a good layout is not an indicator that the business is genuine. A lot of wholesalers do not have great looking sites but are registered and authentic businesses. Never EVER get convinced by the design of the site. - Ensure that the wholesaler accepts payments via credit/debit cards and other online payment methods like paypal, nochex etc. If the company ask you to wire (BACS) money directly into their account then avoid trading with them as most definitely they are scamming you. Card payments in most cases can be easily traced and charged back whereas with money transfers, once the funds have left your account, they are gone forever. - Try to talk to a representative of the company on the phone, it is always nice to talk to someone and clear your doubts. - Visit their contact page and look for their contact/postal address. Try to determine whether it is a physical postal address or just a mailbox. If it’s a mailbox, find out why the wholesaler doesn’t have a proper postal address and where do they actually trade from? - Request to visit their warehouse or trading office, even if there is no specific intention of doing so. Any fraudulent company would be hesitant to let you visit their premises. - Visit the Companies Database provided by governmental bodies such as the one in UK: www.companieshouse.gov.uk and use their search index to determine whether the company is registered with them or not. Sole traders do not have to register and as result this would only serve as a secondary check but none the less will definitely help to clear any doubts. Performing these checks will most definitely help to differentiate a scam company from legitimate wholesalers. After all any business venture involves a number of risks and seeking professional help is always a better option than making decisions based instincts and feelings. For the creator of scams, only one thing can be said: Fraud in the end secures for its companions only repentance and shame. © 2006, Wholesale Pages UK. All rights reserved. William King is the director of All Wholesale UK, Wholesale Pages UK and Dropshippers Directory. He has 20 years of experience in the marketing and trading industries and has been helping retailers and startups with their product sourcing, promotion, marketing and supply chain requirements. |
Other Trading Tips Articles
Identity Theft And Fraud Resources Unfortunately identity theft and fraud occur all too often. In case you need information on how to spot theft or fraud issues, how to avoid them and what to do if they happen to you, here are some handy resources. Some tips on surviving in the age of identity theft follow.Federal Trade Commission (FTC) Consumer Response Center F ...Top 7 ClickBank Credit Card Processing Advantages Here are seven good reasons why you should consider ClickBank.com as your credit card processing solution and merchant account alternative.1. Accept Credit Cards Without a Merchant AccountIf your products are digital (such as electronic books or software), you can use ClickBank to process credit cards and on-line cheques. ...Are You Rich Yet? The stock market has been going up for the last three years. Are you rich yet? What most investors fail to remember is not how much you made, but how much of what you made you keep.There were thousands of paper millionaires in 2000 who are wishing they had known when to sell at that time. Of course, hind sight is always 20/20. Is ther ...Crude Oil - Big Profits Are Being Made Are You Being Left Out? Have you missed out on the recent huge move in crude oil? If you have and you are wondering if crude oil will stay high then this article is for you.Here we will outline the factors driving crude oil prices and how you can get involved and make huge profits, even if you have never traded before!Black goldThere remains no via ...Finding Hidden Profits In Your Business - 7 Strategies To Use Today If I walked into your business and spent an afternoon, I'm fairly confident I could find several little hidden profit centers, just waiting to be used. Let's talk about 7 strategies for finding hidden gold in your business.Strategy #1 Let someone else do the mopping and filingWhen you "save money" by doing $8/hour work ...9 Survival Tips for the Market Shakeout Blues Investors who bought during the top of the frothy commodities rally are now panicking or kicking themselves. Neither activity helps an investor or trader think straight. Below are a few tips for dealing with the current market shakeout.1. If you believe you invested in the right stock(s), then turn off your computer and do something enjoy ...The Joy of Writing “Passion” is a good word for what writing entails. I think of teenage ‘first love’--so filled with angst and joy, so desperately important. Writing is like that for me. But more, writing teaches me about myself. I have learned how serious I am, how intense. I’ve been accused of having a mind like a steel trap, but I confess, my memory only ...Burglar Alarms Think About it knowing about a burglar's three worst enemies -- light, time and noise -- can help you protect your home from crime. A burglar won't find your home an "easy mark" if he's forced to work in the light, if he has to take a lot of time breaking in, and if he can't work quietly."Case" Your Place Take the time to "case" y ...10 Tips To Collecting Free Golf Autographs By Mail Collecting autographs is fun, rewarding and can even be free if you know the right technique. Every day, people are going to their mailbox and pulling out autographs from their favorite athletes, movie stars and other notables. If you are a golf fan and/or a collector of autographs, then you are in luck. This article will provide you with 10 ...Stock Tips There are numerous services on the internet that provide discussions about specific stocks. The intention of these boards is to provide a forum where people can exchange information and rumors about a company in order to educate themselves.Unfortunately, these rooms are completely useless to anyone interested in trading the stock. Each po ...Forex Trading Tips Why do hundreds of thousands online traders and investors trade the forex market every day, and how do they make money doing it?This two-part report clearly and simply details essential tips on how to avoid typical pitfalls and start making more money in your forex trading. Trade pairs, not currencies - ...How To Turn A Five Minute Presentation Into A $200,000 Marketing Bonus How do you increase your visibility by focussing on 'high pay off' activities to build your profile and profits?Speaking in public is the fastest way to attract, win and even retain more profitable clients.It is a 'one to many' activity that delivers an enormous return on investment for your time and effort.It also builds yo ...Tips for Online Currency Trading Did you realize that currency trading is the world's largest business? Yes, it's true. Over three trillion dollars worth of transactions take place each and every day in the world's currency markets and online currency trading is now available to everyone.The markets are extremely volatile and fortunes can be won and lost in mere minutes ...Trading Day Software Trading by computer using specific software is common and easy on the pocket as well. Computers are the best medium for all kinds of trading, but particularly for day trading. The systems works with two monitors connected to the same machine, and day traders can expand their trading screen across both the monitors. Thus, the graphs and the marke ...How to Delegate When There is No One to Delegate To Money is tight and you’re desperate for an extra pair of hands, but you don’t have a budget. This is also known as, “I have no one to delegate to, so now what?” Don’t despair, there are several no cost ways to increase your productivity and find ways to delegate. Even if you do have a budget, these tips will enhance your budget and help you get ...Choosing A Forex Trading System - Part 1 There are many different kind kinds of Forex trading systems.Of course, the most important Forex trading system is the one that is right for you.As you search the web for Forex trading systems suitable to you there will be many seemingly appealing offers many promising to be so much better than the rest.It can be difficult t ...Traders, Defend Against the Dreaded Death Spiral. It has often been said that there is only two ways to get hurt really bad on a stock trade, getting caught in a "death spiral" by not using DTM: Decisive Trade Management in the way of stop loses and having a stock halted on you. Halts you have zero control over. Death spirals are of your own making if you do not practice the use of stop loses. ...Relationship Advice: 9 More Must-Know Tips for Couples The Law of Two QuestionsThere are two questions that couples must ask and answer:1) What do I want?2) How do I help you get what you want?The Law of Conflict, Part 1Much conflict is the result of failing to ask both of the above questions and/or an overemphasis on either one of the two.The Law of Conflic ...Commodities Futures – The Best Contracts to Trade Here we look at the best contracts to trade, for long-term trend followers - and how to blend these commodities and futures contracts, to obtain good diversification - and great profit potential. We also reveal the one commodity contract, which any trader should be looking to trade.One of the great advantages of commodity futures trading ...Tips in Choosing the Perfect Online Dating Site The internet has become a breathing ground for both professional and amateur matchmakers. Although some matchmaking are conducted through chats, friendster messages, yms and emails, the use of cupid’s arrows are basically done through online dating sites that seem to have mushroomed in the World Wide Web.In fact, there are about a hundred ...Online Bond Trading Online bond trading is a far less risky venture than online stock trading. It is because bonds are usually long-term investments and have maturity date. If you invest in bonds, you get a steady stream of interest because unlike other assets, bonds are not subject to shifts in interest rates.In the past, online bond trading is lagging behi ...5 Ways To Protect Your Bond Portfolio From Rising Interest Rates The Federal Reserve recently raised its target federal funds rate for the first time since March 2000. This could be just the tip of the iceberg, though, as many experts believe rising inflation and a strengthening economy will spur continued rate hikes for the foreseeable future.This is bad news for bond investors, since bonds lose valu ...Penny Stock Trading Penny stock aspirants need not worry too much over how they can get started. For the procedure required to be followed in the case of penny stocks is similar to those applicable to other stocks. In other words, you have to open a brokerage account. However, actual trading in the penny stocks is not as simple as in the case of (for example) blue ...Beginner Day Trading Tips for Success Why is it that some people are successful in trading the markets? And some people fail?Critical Factors for Successful Day TradingThe ability to adjust to changing market circumstances is just one of the traits of a successful trader.When money is on the line all traders emotions come into play and unless you can main ...Executive Summary Preparation Tips An Executive Summary is a more finely tuned version of your full blown Business Plan. Some people get the two documents confused and others use the two terms interchangeably. There is no special set of rules for preparing either document although most people would probably agree that the Executive Summary should be contained ...Loans for Self-Employed One of the most fundamental details that all banks will look for in all loan applicants is a steady, dependable income. The amount of this income will decide how much the applicant will be granted. If there were no dependable income, then on the face of it, it would appear to a lender’s calculation, that the loan amount should be zero. This is t ...International Monetary Fund (IMF) IMF was created to faster economic growth and to decrease the unemployment level in different countries. IMF’s purpose is to provide the financial assistance to developing countries that seek it. There are economic policies that enable this initiative. IMF was created in 1944 along with World Bank and it provides aid to countries to pay back the ...Investing Tips - How to Make Time Work for You Almost everyone has heard about compounding interest in one conversation or another over the years. Some of you may even have a pretty good understanding of compounding interest, but I doubt it many of you truly grasp the enormous power that compounding interest has to offer over time. To demonstrate, I am going to give you an example of two inv ...Bextra and Vioxx -- Tips for Arthritis Relief Without Them The recent withdrawal of Vioxx and Bextra from the marketplace, due to concerns over unwanted side effects, has many arthritis sufferers concerned. These drugs, which belong to a powerful class of non-steroidal anti-inflammatory drugs known as COX-2 inhibitors, are quite effective at fighting the pain and inflammation of arthritis. Unfortunat ...B2B Connections With One of the Planet's Biggest Markets Alibaba.com is a Hong Kong based online business-to-business commerce and auction company that has developed into a substantial resource for both Asian businesses and Western corporations. Originally designed to connect Chinese businessmen with Western buyers, Alibaba manages a bilingual format that both Chinese businessmen and English speaking ...How to Achieve Currency Trading Success: Part 2 Choosing a Trading MethodWhile there are many ways to achieve currency-trading success, all methods have the following salient points in common:1. SimplicityMost of the best trading systems are simple.There is no correlation between how complicated a strategy is and how successful it will be.In fact, the simple ...My Broker Doesn't Know The market has been slowly (well, not so slowly in my case) coming down so I called my broker to find out what to do. And I thought I was confused. He did have some suggestions such as this is a good buying opportunity so send in more money and we (catch that “we”, but it’s my money) can buy some more shares and dollar cost average so when the m ...All About Arbitrage - What is Arbitrage in Financial Terms? Imagine an investment strategy that allows investors to take advantage of the difference in the price of a certain market or asset. In other words, the investor would profit from the discounted purchase and immediately resell of the product or share in a different market at a higher price. This investment strategy has been in practice since th ...Why Do Pets Have Bad Breath? Pet owners probably agree that their cat or dog may not have the loveliest breath. Imagine how your mouth would smell if you did not brush your teeth for months at a time! Not a pleasant thought, is it? It is important to pay attention to the dental health of our pets, just as we take care of our own teeth, so we can try to prevent gum disease, ...
|
