Determining the right price for your product as a wholesaler can be a bit challenging especially if you are new to the wholesaling scene. When you want to set a price for your product, you should avoid the following three practices: Follow Other Businesses Blindly If you begin to compare your wholesale business with your […]
The entire world over the prices of commodities from basic household necessities, to groceries, we are witnessing a drastic increase in prices. The purchasing power of many customers has gone down. Due to this, you as a wholesaler might think that lowering the prices of your goods and services that will help you stay in […]
Demand pricing is the process of figuring out what the price of a commodity will be of the desired volume of sales. Market pricing is mostly used to set prices of goods which are sold through different sources at different prices. This kind of pricing is challenging because it does always result in the best […]
Setting the price is one of the most important jobs of marketing, no matter what business you are in, in that the price of a product or service often plays a great role in that product’s or service’s success, not to mention in the profitability of a business. A pricing policy refers to how a business […]
Pricing is the process where a business sets a specific price for selling its products and services. This price is arrived at after considering a few things, such as how much it cost to manufacture the products or services, the marketplace and conditions; the business brand; the competition; the quality of the goods and services; […]
As you grow your business, you will eventually realise that selling only to the end consumer directly may not be as profitable as selling to both retailers and the final customers at the same time. If you desire to increase your sales volume, you might consider climbing up the distribution chain and begin distributing either in […]
If you are planning to start selling your wares to retailers in any line of business, you are likely to deal with retailers much of the time. Once you decide to go wholesale, you will need to come up with secure options that will help you not only get wholesale buyers but also to make […]
Do you want to transform your sales performance this year? You can dramatically impact your sales in some ways, but sales coaching is one of the best methods. Even though the wholesale business in known to be a lucrative business. If you do not have products that sell or if your sales are too slow […]
Direct selling is a type of marketing that involves selling a product or service directly to the customers in any other location apart from the permanent business location. Direct selling is usually done face to face, although it can also be done using social media. Also referred to as networking, direct selling is based on […]
Same-day delivery has many challenges, but it also has its advantages. Though it has been successful for other business such as Amazon, it might not work as well for your wholesale business. It is worth a try, but you have to be sure that you have what it takes to start and maintain a same-day […]
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