What is wholesale business?
Wholesale is a business that is run by a company or a person who sells different products in large quantities to different retailers or shops for onward sale. It can be done directly or through a middleman. Wholesalers can be the manufacturer as well as producers of the product. As wholesalers provide large quantities of the product so their rates are low as compared to other business shops. Wholesale businesses are usually used for large orders but they can supply small orders as well.
If you are looking for an online wholesale shop Dejavu Wholesale is available. You can buy different products at wholesale rates. If your order is greater than 500$, you can also avail free drop shipping service for your order. So don’t wait and book an order for your business.
What is the difference between wholesale and retail businesses?
Wholesale is a type of business in which products are sold for onward sale and the rates are lower as compared to retail business. Products from wholesale shops are usually bought by retail businesses. Products are taken enlarge quantities at lower rates. Whereas, retail is a type of business in which products are sold to the customers directly for making a profit. The rates in the retail business are higher as compared to wholesale rates. And retailer shops usually sell products in small quantities. Retailers acquire products for their business from distributors or wholesalers directly which then they sell to their customers in small or large numbers depending on their needs.
Why is Wholesale business a good choice?
Wholesale gives you the opportunity to reach a large number of customers thus improving your customer base. It also gives you access to a wide range of outlets which helps you in growing your business:
- Product Awareness: Being a wholesaler helps you in building awareness for your product. Customers not only buy products from particular shops but also wholesalers can provide e-commerce shops where customers can see your product in a variety of outlets. It allows a wide range of customers who might not be aware of your brand before.
- Drop Shipping: As a wholesaler, it is an advantage to take benefit from a method of merchandise known as drop shipping. Through this service, you gain the advantages of retail sales such as limited product branding. You also retain the ownership of the inventory which is not possible for retailers in the retail business.
- Business Expansion: It is much easier to expand your business to global markets through wholesale business. If you have clients globally and who sell products in different national and international markets. It will be easy to make your products famous and make your business grow rapidly.
Wholesale and retail are two types of business concepts, and both have advantages and disadvantages. It is completely up to you and your business to choose any of these two modules. Keeping in mind the goals and achievements of a certain business you can select a model for your business.
