Trading Advice

Wholesale Tips: How to Be a Market Trader

As a wholesale buyer, as well as selling online, you may want to set up a local stall in your area. It’s a great way of selling products quickly and there are no shipping costs as the customer can take the product immediately. If you are thinking of doing this read these tips first as they might help you to boost sales.

Find out where your local market is going to be held and how often you will be able to trade there. You then need to contact the council to arrange hiring a pitch. Try and find out as much information as possible about the schedule of the market as you can plan your buying to fit around this.

Do not ignore people. When you set up your stall it is essential that you let customers know that you are there. Be approachable and speak out about special deals so people notice your pitch.

Pricing. You need to think competitively about this and special offers are always popular on market stalls i.e. buy three get one free. Think about your pricing strategy before you set up shop.

Label products clearly. Pricing products and adding descriptions really help to boost sales just like it does online. People like to know as much about a product before they purchase it so be sure to include descriptive labels.

Negotiate. Lots of people visiting a market will want to negotiate on price so take this into consideration when you are pricing up products. Add a bit onto the tag so you have more room to negotiate.

Before you do all of this you need to find stock! The team at Wholesale Scout have compiled some of the most competitive wholesale suppliers around, selling a variety of products. Browse our wholesale directory and start looking for products today!

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