Buying Wholesale Products Isnít Enough Ė Add Deep Discounters to the Mix Too
Most of the items you have for sale in your dollar store will be wholesale products purchased from your general dollar store merchandise suppliers.† However, buying wholesale is not enough.†
Companies can liquidate their merchandise for a range of reasons.† They may have manufactured too many items or simply need space in their warehouse.† There may even have been packaging changes, so they would get rid of products enclosed in the old packages.† These companies will get rid of this merchandise at deeply discounted prices, so you should buy it and add it to your shelves.
Keeping a business afloat nowadays is even harder than it was in the past.† Some of your fellow business owners unfortunately will not make it.† Before closing their doors, they will try to get some of the money back on their leftover merchandise.† Although you may feel bad because of their predicament, buy these items with the discount, and sell them for a bigger profit in your store.
In addition to buying wholesale items, you should look for items which are being sold at trade shows.† Dollar store owners should make an attempt to visit a trade show at least once every year.† This is one of the best ways to find new products to sell.† These new suppliers will likely offer you great deals for their dollar store merchandise too.
Business owners will mainly be buying wholesale products from their main suppliers.† Your suppliers will periodically offer discounts on their dollar store merchandise.† Make sure you know when these sales are going on so you can buy all the merchandise you need during this time.
You do not necessarily have to wait until your supplier has a sale in order to save money.† Some suppliers will give their customers discounts when they buy in bulk.† Get as much dollar store merchandise as you can without going overboard to save more money.† Try to save money in freight costs too by looking for a deal.
Do not spend all of your time buying wholesale products to offer in your store.† You can make even more money by searching for deeply discounted products to offer as well.† Look for stores in your area which are closing their doors and buy their closeout products.† Companies will also liquidate merchandise, so look for those deals too.
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
Are you interested in starting a dollar store?†† Visit www.openingadollarstore.com for more information.
For a one-stop shop for your wholesale products, visit JC Sales at http://www.jcsaleswholesale.com/.