The advantages of buying wholesale in fashion
As a professional fashion accessories trader, it is important that you can rely on a good wholesaler for all your clothing supplies. There are a number of key factors to consider when choosing the right supplier to ensure that you can take full advantage of the benefits of wholesale purchasing and thus ensure the success of your business. Are you interested in this topic? Then read on to find out more!
The benefits of bulk buying
More and more fashion professionals are choosing to buy from a clothing wholesaler for the simple reason that there are significant advantages. One of the major advantages of buying in bulk is the possibility of benefiting from reduced prices: the greater the volume of goods you negotiate, the lower the unit price!
Ipso facto, buying in bulk and then reselling the individual items on your sales site or e-commerce platform can lead to higher profits, which are directly visible on each sale. Buying from a clothing wholesaler also gives you the opportunity to offer lower prices than your competitors, and therefore attract more customers. In either case, your turnover increases!
Another advantage of this method of purchasing is that you have full control over the stock, which you can manage as you see fit. You can know exactly how many products you have left, and when a customer orders it from you, you are able to ship it directly. Buying from a clothing wholesaler therefore guarantees you good control over the risk of stock shortages. Of course, all these advantages are only really noticeable if you find the right supplier!
Making the right choice for your wholesaler
Subscribing to a reliable supplier is one of the most difficult challenges for fashion professionals, given the various criteria that need to be taken into account. Before subscribing to a supplier, you should check the quality of the clothing items they offer. It is important to check that the models supplied by the clothing wholesaler are trendy, diverse and of recognised brands. You should also make sure that the discounts applied for wholesale purchases are really substantial compared to the unit prices.
Finding a good wholesaler also requires a minimum of accounting knowledge. A knowledge of finance will enable you to understand logistics costs and indirect costs perfectly. It will be easier for you to calculate your margin not only on the purchase price offered by the clothing wholesaler, but also on the possible costs of transport, packaging, customs or currency conversion in case of purchases abroad.
In addition, make sure that your supplier is reliable and professional before placing a very large order. Beware of scams, and don't hesitate to compare prices from several sellers, bearing in mind that low prices can hide dubious practices. Finally, register your business as soon as possible if you haven't already done so, because no clothing wholesaler will want to work with you if you don't give them your Siret number!