Large retailers source their supplies from major distributors or wholesalers. This helps them get the most attractive deals. By buying in bulk, the retailer gets very competitive pricing for the merchandise, which makes it possible to enjoy a more attractive profit margin. It isn’t just large businesses that benefit from using wholesalers, a small, non-chain store or even an individual can benefit from the prices offered on the bulk purchased stock. Here are several of the key benefits of using the wholesale suppliers:
Low cost stock – Profit margins are a significant issue for large and small retailers. By sourcing the merchandise from a wholesale supplier, the store owner is certain to pay a lot less. Wholesalers are set-up to trade with anyone that is buying stock to resell, from the major chain-stores to individuals using auction sites. An issue to consider for the small-sized outfit is the minimum order size. It may be necessary for the smaller outfit to shop around until able to get stock in the preferred quantities.
Ease of use – When buying the wholesale merchandise, it is possible to get the entire stock range from a single source. Many of the large-scale wholesalers offer an endless range of product lines. This increases the chance of helping their customers in all retail sectors. By buying from the single wholesaler, a retailer can save a significant amount of time compared to having to visit several different sources to find the stock.
Also, the large-sized wholesalers are often in a position of supplying goods in many sizes and styles. This means a retailer is less likely to be limited in relation to product range and choices for the end consumer.
Shipping – The majority of the wholesale suppliers offer a delivery service for the customers buying in bulk. A delivery charge is often applicable, but this is still much less than the cost of collecting the goods in person.
Negotiate lower costs – A repeat customer is in a better position to negotiate prices for large-sized orders and continued custom. This practice is certain to benefit both parties. It means the wholesaler is able to get the steady orders and income and the retailer or business is able to get the most attractive prices in the market.
Whether it is for the small or large retailer, there is certain to be a range of benefits to invest in the extensive choice of goods offered by the wholesale and distribution suppliers.
Post time: 02-17-2017