Working with light bulk wholesalers
“Light bulk wholesaler” is a term coined by World Wide Brands to refer to wholesale suppliers who are willing to work with small home based businesses. Small businesses can purchase wholesale goods in small, affordable amounts. Wholesale suppliers make money by selling large quantities of goods at a very low prices, requiring minimum orders of $5,000 to $25,000 or more. Light bulk wholesalers are wholesalers who are willing to work with small businesses, with minimum orders under $500.
Buying in bulk will allow you to get goods at lower prices. This will give you a competitive edge in price driven markets like the internet. With lower costs you can offer more attractive prices to your customers. Experienced online shoppers will check out several different store looking for the lowest prices. They are trying to get the best deal they can find. Paying wholesale prices for your products lets you offer them at prices your customers will like and will help bring them back if they feel they are getting a good deal.
Using light bulk wholesaler:
- Find a light bulk wholesaler you want to work with and open an account with them.
- Place an order for the products you want to sell.
- Inspect every item when your products arrive from the wholesaler. You want to make sure none of them are damaged. If any are damaged let the wholesaler know as soon as possible. They will work out a replacement arrangement with you.
- Display images and descriptions of the products in your store.
- When a customers purchases an item, you charge their credit card the price of the item plus shipping and handling.
- Package the item properly. This step is critical. You do not want the item getting damaged in any way while being shipped to your customer.
- Ship the item to your customer.
- You now have a happy customer who’s excited about the the item they bought.
You profit is the difference between the retail price of the items purchased and the wholesale price of the items plus a small credit card transaction fee. For example, an item is purchased for $60, wholesale cost is $28, and the credit card transaction fee is 30¢ plus 2.2%. Your profit would be $30.38.
$80 – ($28 + $0.30 + $1.32) = $80 – $29.62 = $30.38
$1.32 is 2.2% of $60. The shipping fee is the cost of shipping the item to the customer. The handling portion of “shipping and handling” is the cost of the materials (boxes, bubble wrap, etc…) to properly package the item for shipping. These costs are passed directly to the customer. Shoppers are used to paying “shipping and handling” fees when making purchases online.
Light bulk wholesaling works well, and is a low-cost entry into buying wholesale products in bulk. Supplementing you product sourcing with light bulk wholesalers should be a part of your sourcing efforts if you plan to sell in a price driven market.
It’s also important to remember that light bulk wolesalers are general wholesalers. They are general wholes who are willing to sell in light bulk quantities. They are happy to give you better pricing if you purchase larger quantities.
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One Response to “Working with light bulk wholesalers”
Liked your calculations .. will re-read to properly inject it into my brain :) thx for sharing
.-= Wakas Mir´s last blog ..So I launched my hosting company =-.