Would Your Business Benefit From Buying Wholesale Rather Than ...

Many business people don?t realise that they too can benefit from purchasing from a wholesale supplier. This is not something that is only open to the big boys, in fact very few wholesalers will only trade with large retailers. You don?t even need to run a shop or large office, most wholesalers are happy to sell to sole traders.

A few wholesalers will ask for evidence that you are trade but don?t let this frighten you off. There are all sorts of things you can use including; a copy of your business bank account statement, an invoice in your company name from another supplier, or even just a business card or some letter headed paper.

Wholesalers are generally for trade only but mostly for tax advantages and to get discounts from manufacturers. This doesn?t mean you need a limited company to trade with them. The few wholesalers that want to restrict themselves to large firms tend to have sizable minimum orders. Many, however, don?t have any minimum order value at all.

Once you get started you will probably be surprised at how little difference there is between dealing with a normal retailer and a wholesaler. Essentially both want your business, and very few wholesalers will make you jump through unnecessary hoops in order to trade with them. The biggest difference is that a wholesaler can save you a lot of money on your purchasing.

So why can a wholesaler save you money? Well the simple answer is because of economies of scale. You then in turn buy from the wholesaler in higher volumes than most customers in a retail environment. This model is in some ways fairly similar to working with industry buying groups, another option that most business owners would be well advised to explore robustly.

So what do you do if your first experience with a wholesaler is a frustrating one? Perhaps they demand proof of trade status that you cant provide or perhaps they place an unfeasibly high minimum order value. Well they are mostly like one of the few wholesalers that does only want to deal with large and well established businesses. The simple answer is to try again with another wholesaler and you are certain to find one who does suit your needs quite quickly.

You may also find that trade cards are helpful. Many wholesalers operate their own trade card scheme and you are unlikely to be able to deal with those suppliers without being a member. This is usually free and again you will find that simple proof like a business card or letter headed paper is acceptable. One of these cards can also be your foot in the door with other wholesalers. This proves to them that one of their competitors has already vetted you and accepted you as a customer. Don?t be put off from applying from these cards as they are definitely worth having.

Would Your Business Benefit From Buying Wholesale Rather Than Retail?

Source: http://www.financialcrossing.com/would-your-business-benefit-from-buying-wholesale-rather-than-retail/

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