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Can anyone buy from wholesalers?
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Yes - but only if they provide
evidence that they are running a retail business and are not buying goods
for personal use only. A wide range of businesses from sole traders to large
established businesses are all able to buy at wholesale.
How do you start buying from a wholesaler?
If you are buying from a wholesaler for the first time some wholesalers may
ask for some form of proof of your trading credentials. On the whole, most
wholesalers will work with you to set up your trade account, although some
may request a business bank statement or letterhead as proof of trading or a
reference from another wholesaler.
Why is it cheaper to buy from Wholesalers?
Wholesalers can offer goods cheaper primarily because they buy and sell in
bulk and can therefore work on smaller profit margins than retailers.
However, in order to retain their profit margins, most wholesalers have a
minimum order value to minimise their packaging and delivery costs to
preserve their own profit margins.
As a result, because of the minimum order values and the fact that
wholesalers generally work on much slimmer margins than retailers, you can
buy goods at great prices.
Another way that wholesalers can sell so cheap is that some specialise in
selling 'end of line' or 'last seasons stock' which can still be in demand
from the retail market. |
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