Whether you’re just starting out or you have a seasoned wholesale business, it’s good to review wholesale buying habits so you can stock up on the best products at the best prices.
Think About Your Business
Before you even attempt to contact wholesale suppliers you need to think about your own business and the products you want to sell. Is there a particular item you want to specialise in? What about a particular industry? Do you care about brands? Defining these will help you to source relevant suppliers and will give you focus.
Carefully consider how often you are going to order stock and what volume – this will enable you to choose a supplier more easily. It will also mean you can prepare for any expenditure.
Find a Supplier
By browsing wholesale directories like Wholesale Scout you can find a vast amount of wholesale suppliers. Now you know the products you need you should start contacting the relevant wholesalers. If you have been in business for a while, refresh your supplier relationships and ensure you continue to build a rapport. If you build strong relationships with suppliers you are more likely to get good prices.
Using the internet or networking, find out about wholesalers and people you are intending to do business with.