Yes, if you want quality, you’ve got to shell out more bucks. However, that said, there are a few smart ways how fashion retailers can save money when buying their wholesale. This would then enable them to increase their sales volume, revenue and hence profit.
Wondering how?
If you’re a fashion retailer who sells clothes, shoes, and accessories, here are four tips how you can save big $$$ when purchasing your wholesale:
Find the right manufacturer You knew this was coming! Not every manufacturer sells high-quality at a high price. If you do your research thoroughly, you can find a few who price their catalog at a much lower price.
So, take the time to do your research. Find a good and reputed manufacturer who is more business-friendly with an incredible and affordable collection.
Purchase from one place Don’t buy your shoe collection from shoe manufacturers in USA and then approach wholesale women’s clothing suppliers in Australia to purchase dresses and jackets.
Today, you can find many manufacturers who offer a wide collection of clothes, shoes, and accessories, for women and men, in seamless custom varieties, under a single roof. You would want to buy from them and not many different places.
Wholesaling from one-stop can avail you heavy discounts, which would help you save big.
Become a long-term buyer…
…to a good manufacturer.
When you’re working with a manufacturer for a long time, the relationship almost becomes a business partnership. And in that partnership you will find many opportunities in terms of pricing, discounts, and customization.
So, avoid jumping from one supplier to another every other month. Pick a good company and stick to it for the long-term.
Avoid buying items that have low sales volume
Well, this is quite simple. In the name of providing customers more options, don’t stock varieties that have a very low sales volume. They are just an expense with poor ROI that needs to be done away with.
Instead, focus more on items and varieties that are selling more.
These are four simple tips on how fashion retailers can save big money when purchasing their wholesale.