You can also advertise your
suppliers wholesale products and order them as your
wholesale orders start coming in.
Although you do not have to
carry inventory it is always advisable to have samples on
This way your wholesale
customers can see and feel the quality of your wholesale
More importantly, to
successfully start a wholesale business you need to be on
top of product trends.
Always be up to date on
what types of products are hot, which products are staple
products, what merchandise sells in each season, and the
actual market wholesale and retail prices of the items you
Implement these basic steps
and you will soon be on your way to starting a solid
Remember what made your
wholesale business work. Don’t get tempted to stop working
these basic steps when you start achieving success.
As your wholesale business
grows you might want to consider hiring a part time employee
to make these calls for you.
This way your time can be
better spent on making sales and bringing in revenue to your
You should also focus on
developing a reputation for your wholesale business.
Customers must know what it
is that they can buy from you.
Just like you know where to
go when you to want to buy milk, you want your customers to
know where they can go to buy wholesale merchandise.
The more defined your
wholesale business is, the more customers will think of you
when it is time for them to order their wholesale products.
Donny Lowy is the CEO of
http://www.closeoutexplosion.com, an online wholesale
and closeout business.