« Better Closeouts, Inc. - More Closeout Merchandise | Home | Bakertowne Company - Wholesale Kitchen Gadgets »
Budget Tip - Combine Your Buying Power
By businessbroad | April 9, 2007
Sometimes it’s hard to save up enough money to meet manufacturer and wholesaler minimums. Sure, $150-300 first orders don’t sound like that much, but when you’re trying to build up a substantial product line, it adds up. There are a couple of ways to get around that problem, though.
Order with a friend: Ideally, your friend would be someone who’s also in retail - but in a different market. Maybe you’re online and she has a brick and mortar store. Maybe you have a small local pharmacy and he runs a gift shop for tourists. It could be anything, really, as long as there’s no good reason for things to go sour.
Buy from companies that sell lots of products: Some companies import a ton of similar products, so they can help you get a number of different items while being subject to just one minimum initial order amount. Just make sure you don’t let yourself get suckered into buying stuff you don’t believe in simply because it’s easier.
Sell off the excess: Retail isn’t your only option. Break your excess products up into wholesale lots and sell them on eBay. You’ll need a bit of feedback, but who doesn’t have at least 20-30 feedback in this day and age? Plus, you should build it up even if you don’t intend to do this. EBay comes in very handy during the lean periods.
Topics: Budget Tips |