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Buying products in bulk or wholesale are often offered to anyone, no matter if they are retail or wholesale businesses. The most important thing is – buying products in large quantities in the process. For instance – one can buy 200 t-shirts at a time, even if it is for a one-time purchase.
Some people do not want to go to the pain of setting up a wholesale account. Instead, they prefer buying bulk quantities. But you must keep in mind that selling in bulks depends on the seller’s definition most of the time.
A seller can set up a product with a fixed minimum or maximum quantity and call it bulk. Read more about how you can apply minimum/maximum quantity for your Shopify store.
Also, bulk quantity depends on the types of products you want to purchase. For example – a seller can set up a minimum of 10 or a maximum of 100 units of a product one can buy from him. So, you should enquire about the bulk quantity fixed to do business with that particular seller and whether your needs qualify for the special pricing or not.
When buying in bulk, you might find a seller selling a case lot or lot at a set price. The case lot can be piled up with different products or a certain product in a variety of sizes and colors. For example, many t-shirts of different designs, colors, and sizes can be sold in a case lot. It is usually in an overstock situation or sometimes in closeout sales.
When it comes to wholesale pricing, you will need to set up a wholesale account with the seller to continue the business. After establishing a trade relationship with the seller or manufacturer, usually you purchase products significantly in large quantities from them.
In wholesale, your purchase quantity exceeds the purchased quantity of the regular bulk buyers. Make sure to set up the minimum or maximum purchase quantity in agreement with your supplier
. A wholesale setup with a manufacturer or supplier will require you to provide proof of the legitimacy of your business. You have to provide your VAT registration number or business license as well as proof of previous or ongoing trades with other businesses.
Save Money: Buying products in bulk saves you money through discounts as wholesale buyers get from larger orders. Getting discounts enables the door to a high-profit margin. When you are buying from a wholesaler, you get the opportunity to get a good deal on one or multiple products at a time. Because a wholesaler deals with multiple suppliers or manufacturers for different products when you only need to deal with one wholesaler.
Be an Expert: As a wholesaler or wholesale buyer, you know the ins and outs of your industry. You have in-depth knowledge regarding suppliers and mostly reliable suppliers, actual costs in the production process, and much more that makes you an expert in the field. Using the knowledge, you can entice your customers and prospects as well as earn their trust. Besides, you become a reliable source both for your customers and other businesses.
Advantages of Small Orders: Wholesalers buy large quantities of products from the suppliers. But they sell products in fairly smaller quantities to retailers or small merchants. If you are a small business or startup, you can easily purchase comparatively small quantities of products from the wholesalers at a discount price.
Fair Deals: Wholesalers deal with countless suppliers and the right ones to do long-term business. So, as a business, you do not have to deal with any bad suppliers anymore. Stay Ahead of Time: As a wholesaler, you have a true understanding of the current market and the ongoing trend. You deal with suppliers, retailers, and customers at the same time. Judging the ongoing trend or demand, you can bring a new product to the market easily and upsell it to your present customers. This way, you stay ahead of the competition in the industry and have a sustainable business in the long run.
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