Yes, there is way below wholesale pricing but it's called liquidation, closeout, shelf pulls, store returns, refurbs, etc. It isn't new merchandise, but it can be bought for pennies on the dollar.

However, if you want wholesale stores & distributors to sell you brand new merchandise below wholesale prices, you're gonna be disappointed. Naturally, there is an occasional exception, but wholesale suppliers who buy huge amounts of merchandise have trouble getting these kinds of prices. And they never obtain them on all items unless their name is WalMart, Macys, Best Buy and the like. You can understand why this is so in this article:

Below Wholesale Merchandise

Don't despair, though. That certainly doesn't mean you can't make all kinds of money selling physical products on the Net!