How to make money in the wholesale market

Wholesale trade is not easy, but very profitable. While one unit of goods is being sold at retail, a whole batch is being sold in bulk. Accordingly, the profits in the case of wholesale trade at times. How to make money in the wholesale market? To do this, you need to paint a whole business plan and act according to it.

Instruction manual

1

You need to choose the assortment that you will sell - clothing, household goods, household chemicals, food. Choose products well known to you, but at the same time demanded among consumers.

2

Choose a place from the point of sale where this product can be quickly sold. Also, pay attention to whether there is a place for a warehouse, whether the storage conditions will comply with sanitary norms and rules, whether you or your seller will be comfortable working here.

3

There is nothing to do in wholesale trade without start-up capital. Calculate how much money you will need for the first batch of goods and their transportation, renting a place on the market, other expenses. Accumulate the required amount or take a loan from the bank.

4

You must also find a supplier of goods. An ideal option for wholesale trade is to negotiate directly with manufacturing plants. So you get the opportunity to purchase goods at the lowest prices. In addition, a flexible discount system is always provided for wholesale buyers there.

5

In order to sell goods profitably, you need to set a favorable price on it. It can be calculated in the following way. Analyze the prices of similar products on the market. Determine the average cost - not the lowest, but not the highest. Install it on your product.

6

The advertisement is engine of the trade. Post ads to city newspapers, write down your product, leave detailed coordinates and contacts where customers can contact you. Define the circle of your potential wholesale customers. Make small flyers and distribute them among your potential large buyers.

7

Not the last role even in the wholesale market is played by service. Think about what additional services you can provide your customers so that they would like to buy goods from you. For example, you can arrange delivery, departure of your specialist with product samples at the company, ordering goods by phone and so on.

8

And most importantly - do not take money out of circulation until all your expenses have been paid off. All proceeds should go to the purchase of products, otherwise there can be no talk of any profit.