There are many things you need to consider when trying to find a wholesale general merchandise company to work with. In this article I give you a few tips regarding some of the most important criteria to consider.
If there is one challenge which is recognized by every person considering opening a dollar store, it is the importance of the wholesale general merchandise vendors selected to provide products to their new business. Most assume the only thing of concern is if the products are available at a cheap price. Yet there is much more to it. While you must be able to turn around and sell the wholesale products you purchase to others for a nice profit, you must also be confident the products meet shopper needs and provide true value.
There are many things you need to consider when trying to find a wholesale general merchandise company to work with. In this article I give you a few tips regarding some of the most important criteria to consider.
One of the most important things to consider when searching for wholesale vendors is their price. Your profit margin depends on the wholesale prices you pay for your products. Therefore, make sure you compare the wholesale pricing offered by different companies before you settle on one.
Another important consideration is whether the wholesale products being offered to you will sell in your store. While today's dollar store shoppers are bargain hunters, they are also well-informed about the products available at dollar stores. Many of their buying decisions are made based on the value offered. Considerations include brand name or not, pricing, packaging, ingredients, where manufactured, quantity and more.
Distance from your location can be an important factor. While there are exceptions, you definitely want to factor in the location of potential new wholesale vendors. Freight costs can increase quickly as the distance grows. The exceptions, of course, are companies offering free freight or freight caps.
One of the next things you need to think about when choosing a vendor to work with is their delivery time. You do not want to wait around forever for your products to finally reach you. That is one reason it is so important you choose to work with a company with a quick order process so products are quickly on the road once you have placed an order.
You should also be aware that some wholesale vendors do require you to order items in large quantities. For a smaller store this can be a major problem. Other vendors may be able to offer inner carton quantities. Just make sure you are aware of this upfront and choose a vendor meeting your specific needs.
These are some of the most important considerations when searching for wholesale general merchandise vendors to support your dollar store business. Take your time and compare vendors before making a final decision. Make sure the final vendors you select can meet your needs.
