Another fun guest that we have been speaking with is Michael from AllTimeTrading, who is a representative that has been with the company for years. AllTimeTrading is one of the major wholesale clothing distributors in the United States, but they supply more than just clothing and apparel. They have a warehouse with over 100,000 products in inventory and they distribute tens of thousands of products on a weekly basis all around the world. So we understand that they’re big players so we were excited to be able to get some information from Michael from AllTimeTrading in terms of what are the hottest products right now and for 2016. Michael provided us with a list, with which we did some additional research on to provide you with this detailed list.
- Summer Dresses & Apparel: Clearly this is a hot category for right now, as the temperature is rising and people are getting ready to go on vacation and to the beach. Michael mentioned that a lot of their customers are starting to pick up wholesale lots of summer dresses, slippers/flip-flops, sunglasses, and a lot of other accessories including beach bags and towels.
- BBQ accessories: Not a lot of people think about buying BBQ / barbecue accessories in bulk, but according to Michael, these are also selling like hot cakes beginning now. A lot of people are beginning to barbecue from as early as late April! These products range from brushes for marinating, grill scrubbers, and food trays.
- General Apparel: Clothes is one thing that people buy all year round, and the buying wholesale apparel is almost always a great idea if you’re operating a retail or wholesale business. Just be sure to purchase the clothes that are appropriate for the upcoming months and the hot weather headed our way.
- Ankle Socks: Although a lot of people will be purchasing flip-flops, slippers, and sandals for the summer, there will still be plenty of people who will be wearing sneakers. Ankle sock and no show socks are perfect for the summer, so it’s no surprise if people are starting to stock up on these low cut socks. Both men and and women will purchase colorful and funky socks as well as solid/plain colors.
- Sporting Goods: This is a hot selling category with very low competition as well. With the weather getting better, most people are spending more time outdoors. Their wholesale sporting goods section includes a wide range of products including bike locks, bicycle accessories, water bottles, beach chairs and more.
Here’s some more tips. If you’re looking to sell these in a brick and mortar store, feature a poster or put these hot summer products by the window so that you could attract as much foot traffic as possible. Starting now in April, people may not be wary of their needs for the summer yet, but if you put it in front of their face, they’re much more likely to buy. If you’re selling online, your landing page should feature these types of products.
If you’re looking to purchase these hot wholesale items, AllTimeTrading.com is one of the most reliable sources for very low priced items that you can get for under $1 a piece!
We spoke with Liz Wang briefly today and she was very enthusiastic about the topics pertaining to casinos and poker. Liz’s business operates out of Queens, New York and her business My Cards & Chips Inc. has a warehouse full of all everything you need to host your next house game. Her products ranges from decks of cards, shufflers, tables, dice, and more. When she first started this company, she was primarily selling to those who played games in their garage and she eventually scored a deal with a casino and hotel group. Liz’s business now grosses over $6 million in sales annually.
Liz: Our business is very niche and we target a very specific audience. However, what a lot of retailers did not know at the time is how much of a demand there is for playing cards, dice, and other similar products. I did not jump into this market because I knew this was a very large and untapped market, but because I actually had a lot of friends who hosted and played house games or would visit the casino frequently. I started off dealing poker at my friend’s garages and basements and started looking into getting tables and discount cards because we were constantly replacing decks of cards. I never thought that this business would grow so fast and that there was such a large demand for stuff like this.
Me: So how did you actually get your first foot in the door and begin distributing to a casino group? How much of your business is dependent on the casino?
Liz: I’d say that getting a deal with the casino got started because I knew the right people. I have spent my fair share of time in Atlantic City and I was lucky enough to meet one of the managers one day, and at the time I had already been in business for a little over two years. He was really interested in my business and said that he could try to schedule a meeting with the guy who manages the supplies. Within a month, we had a deal going. My business was doing good numbers prior to signing a deal with casino, but they definitely gave us the money we needed to fund large projects and really scale our business up. Right now we have strong sales reports to show, so I can’t say any part of our business is dependent on the sales from the casinos.
Me: I understand that you’ve expanded your business into other categories, what other categories are there?
Liz: We started doing a lot of retail in addition to the wholesale and distribution that we did. We have started private labeling sunglasses and other apparel. People enjoy wearing our products at the casinos. We have expanded very little in terms of product categories, but we now carry a larger variety of products under the same category. What we really expanded on is our clientele. A lot of bars and pool halls have started purchasing from us.
Liz will be a guest speaker tonight during our Open Mic Early Bird topic discussions.
Every week, we go through our suggestion box next to the stage and our team goes through every submission and tally them up, and we then vote on which topics would be fun to do during our early bird talks sessions on Thursdays and Fridays. If you have a suggestion, feel free to put your suggestion in the box!
This week’s topic is small businesses! Many of our subscribers have been writing to us as well, and more specifically, they are very interested in the wholesale and resale industry. Many of our subscribers are both online retailers and ladies/gents that run brick and mortar stores. We know that trying to run a brick and mortar store out of New York City is tough. So we’re coming together as a community to help each other by offering tips and advice. If you would like to join in on this conversation, feel free to join us tomorrow at 5:00 PM on John Street.
If you are unable to attend but would love to contribute, you may email us or jump on our Twitter fan page and write to us.
We will be talking about wholesale, retail, distributing, manufacturing, logistics, and everything involved in the business over the course of two days while our performers are prepping. We already had over a dozen emails from subscribers are very interested in the topic and have a lot of information to contribute. We have heard from owners of companies who wholesale socks and hosiery, eye wear, apparel, and electronics. This is a great opportunity for may of you to network and get to know other players in your industry!
Confirmed guest speakers so far and their respective industries:
- Amy Connelly – Brick and mortar stores selling general merchandise in Brooklyn, NY. Has been in business since 2008 and has some tips for anyone who is looking to open a store in Brooklyn or Queens.
- Michael Norton – Wholesaler of a wide range of products with a warehouse of over 100,000 products. Some of these wholesale products include socks, toys, electronics, gifts, eye wear, apparel, and much more.
- David Amber – Operates primarily online and is a power seller. Has worked with drop shippers and wholesalers. Mentioned that he has a lot of great tips for people who are starting out in the world of e-commerce. Primarily sells pet supplies and accessories.
- Elizabeth Wang – A distributor and online seller of private label poker chips, playing cards, poker tables, and a lot of casino equipment.
Many of you who have been attending our open mic nights probably know that we have been talking about creating a new website to feature guests, performances, hot topics, and more. If you had heard about it, you might have been hearing about it for months already. Well, we finally have this brand-spanking-new blog up! Credit to Kevin Voutsinas.
Some of you are still new to the Tea Bag community, heard of us from a friend, or just found us on Google somewhere. Tea Bag has been operating as a public open mic night in the tri-state area. Our central location is in lower Manhattan and you can join us on Thursdays and Friday nights starting at 8:00 PM. Our open mic nights usually end at around 11:30 PM but you are free to stay and hang out at the bar.
Every week, we get both new and returning performers from all around the world and country. We have had the honor of having comedians and musicians. We have had some notable performers including comedian John Heys and musician Sam Hutchinson.
You can subscribe to our newsletter for the latest news and to track upcoming events and performers. We have open bar nights occasionally as well, but we get booked fast! So be sure to stay tuned and reserve your seat early.
Additionally, if you’re a performer and you’re looking for some exposure or would just like to perform in front of an enthusiastic New York City crowd, feel free to contact us and we will get back to you shortly.
We have an even tonight for a 420 special. Come join us at 41 John Street! Doors are open to all! If seats are no longer available, we will post it on our blog (here). You may choose to stand as well, if space is available. Looking forward to seeing you downtown tonight!