The profitability of any type of business depends on properly established relationships with suppliers and customers. Depending on the type of product, there is always the opportunity to seduce the client either by the exclusivity of the product or by its low cost. If your choice fell on the production of bags for sale, then the key to your success is a reliable long-term relationship with customers and a low cost compared to other manufacturers.
Instructions
Step 1
First of all, decide on your assortment. In case you are just discovering a market or region for yourself, it is worth making several trial batches, having previously studied potential competitors. Track their assortment and cost, find those types of bags that they do not have in stock.
Step 2
You can trade bags wholesale as well as retail. In order to implement such a model, you will need to create an Internet site on which photos of the bags will be posted. Include both the unit price for retail purchase and the possible discount on lots of fifty or more.
Step 3
Look for points of sale yourself. Go to retail outlets, talk with bag sellers in order to find out at what price they buy their goods and at what price they are ready to buy yours. In case you cannot compete with their suppliers, you can always open your store.
Step 4
The opening of the store should be accompanied by discounts and extensive advertising. Remember that your goal is to attract as many customers as possible and develop their loyalty to your product. Use cumulative discount cards, as well as discounts for an additional purchased bag.
