People don’t realize, but most of the retailers don’t make and sell their own merchandise. They buy products from a wholesale distributor who directly buys the merchandise from the manufacturer in bulk and sells it to retailers. A wholesaler is not only a great source for buying merchandise but they are also good business partners.
If you are buying from a wholesaler for the first time, it can be overwhelming for some. In this article, we will be sharing everything that you need to know about wholesalers.
What Does It Mean to Buy Wholesale?
Buying clothes from a retailer and wholesaler are two different things. When you purchase clothes from a wholesaler, you are dealing with a middle man who is between a retailer and a manufacturer. A wholesaler purchases its stock in bulk, this is why they sell items on a discounted price. Whereas, the retailer buy clothes from these wholesalers at a discounted rate and sell them at a higher cost to earn a profit.
There is one condition when buying from a wholesaler, you have to buy it in bulk and there is a certain limit set by each wholesaler that you must buy in order to get a discount.
How to Find a Wholesaler
Unfortunately, there has been an influx of fraud wholesalers who waiting to take advantage of people who have less experience. Finding a genuine wholesaler becomes difficult, especially if you don’t know what to look for.
Start by making contacts and networks so that you can meet new business owners and learn more about these wholesalers. You can also meet them in trade shows and exhibitions.
Beware that not every wholesaler serves every market, for example- if you deal in plus size clothing, then you should look for the best wholesale plus size women clothing supplier. This makes it easier to choose the right wholesaler.
How to Choose a Wholesaler
When making a decision about which wholesaler you want to work with, make sure that you keep the best interest of your business at heart. This is a type of relationship where one wrong decision can potentially hurt you. Wholesalers are just as varied and specialized as retailers, so choosing the right one for your business is a big responsibility.
Now the question is how to choose the right wholesale. The answer is pretty simple, use the following points to find the right wholesaler for your business.
Type of clothing: Search for a distributor that can supply clothes as per your need. However, make sure the kind of clothing provided by the wholesaler aligns with the kind of merchandise of want at your store.
Reliability: This one is the most obvious, but one of the most important as well. You should not deal with a wholesaler whom you cannot trust. Wholesalers who deliver late, damaged, or low-quality clothes are bad for your business. Before you sign any deal, make sure you do little research about the wholesaler. Start by asking the shops or people around the wholesaler. Also, try using the internet to find some reviews and feedbacks and left by their previous clients. This way you can learn a lot about the wholesaler and can decide whether to hire them or not.
Understanding of the product: You want to do business with a wholesaler who understands the product like the back of their hand. To ensure that, ask a few questions about the product, if they give satisfactory answers then they are good for doing business with.
Price: The clothes you buy from a wholesaler brings money into your business. That means the amount of money you spend to get the goods to determine how much profit you are going to make. When choosing a wholesale clothing distributor, make sure that you get the pricing right. This allows you to hit the desired profit margins.
Keeping all these points mind, research the supplier before you make any deal with them. Search them on the internet and look for reviews left by their previous clients. This gives you an idea about their practice and pricing. Also, look into what they can give you and what you plan on offering them in return.
Dealing with a wholesaler can be difficult and confusing at the beginning. Since the clothing industry is one of the most highly competitive ones, there are thousands of fake suppliers sitting in the market, waiting to take advantage of people. Identifying them can hard but if you these points, it will make your job much easier.
