Price Negotiation of Wholesale Clothing
Buying clothes and merchandises from wholesale clothing suppliers and retailing them for a profit can be a very profitable business.
For customized items, price negotiation is very important. Depending on the quantity of your purchase, you will get different level of prices being offered. This is when price negotiation gets very important. Make sure you are well-informed and completely prepared to negotiate prices. Try to find information about manufacturing costs and related articles to help you determine just how far you can negotiate on the prices.
Don't forget to ask for incentives. If you have been dealing with the supplier for long enough, there is a big chance you can get additional discount on the purchase. You can also mention the supplier's competitors and the prices they are offering -- be truthful though, mention competitors only when you genuinely get an offer.
The tricky part about price negotiation is achieving the level of price both parties are highly comfortable with. You want to maintain a good relationship with your supplier, and one of the way you can do that is by appreciating their business the way you would like to be appreciated. Let them secure their share of the profit as well, since it will keep them in business -- especially in business with you.
Mention that you will be doing purchase on long-term basis -- which means repeat order for your suppliers -- to make them interested in lowering the price even more. Other than quantity purchase, you can also reduce the overall merchandise price by offering possible long-term deal. After you get the price you are comfortable with, ask for the offer in writing to secure the deal. You will be that much profitable once you can negotiate prices properly.
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ABOUT THE AUTHOR
Avern is a sales in an online cheap China wholesale clothing, shoes, handbags and fashion accessories company: http://www.cheerwholesale.com