Wholesale trade is not easy, but very profitable. While one unit of goods is sold at retail, a whole lot is sold in bulk. Accordingly, the profit in the case of wholesale trade is several times greater. How to make money on the wholesale market? To do this, you need to paint a whole business plan and act according to it.
Instructions
Step 1
You need to choose the assortment that you will trade - clothing, household goods, household chemicals, food. Choose products that are well known to you, but at the same time in demand among consumers.
Step 2
Choose a place for a retail outlet where this product can be quickly sold. Also pay attention to whether there is a place for a warehouse, whether the storage conditions will comply with sanitary standards and rules, whether it will be comfortable for you or your seller to work here.
Step 3
There is nothing to do in wholesale without start-up capital. Calculate how much money you need for the first consignment of goods and their transportation, renting a place in the market, and other expenses. Accumulate the required amount or take out a bank loan.
Step 4
You also need to find a supplier of the product. The ideal option for wholesale is to negotiate directly with manufacturing plants. So you get the opportunity to purchase goods at the lowest prices. In addition, there is always a flexible system of discounts for wholesale buyers.
Step 5
To sell a product profitably, you need to set a favorable price for it. You can calculate it in the following way. Analyze the prices for similar products on the market. Determine the average cost - not the lowest, but not the highest. Install it on your product.
Step 6
The advertisement is engine of the trade. Advertise in city newspapers, write down your product, leave detailed coordinates and contacts by which buyers can contact you. Define your circle of potential wholesale customers. Make small flyers and distribute them to your potential big buyers.
Step 7
Service plays an important role even in the wholesale market. Think about what additional services you can provide to your customers so that they would like to buy goods from you. For example, you can arrange delivery, visit of your specialist with product samples to the company, order goods by phone, and so on.
Step 8
And most importantly, do not take money out of circulation until all your expenses have paid off. All proceeds should go to the purchase of products, otherwise there can be no question of any profit.
