Are you starting a retail business? If so, one of the first challenges to overcome is figuring where you will get the products to sell in the first place. After all, most retail businesses do not typically make their products. Chances are, you won’t be making your products to sell either. Instead, you are going to get said products from wholesalers! This means that you’re going to spend quite some time looking for wholesalers to buy from. However, if you have never picked wholesalers before, then you may not know how to choose the right ones to work with.

In this article, we’re going to share some considerations you must make to pick the right wholesaler to work with:

1. The Products

One of the most important things to consider is the product the wholesaler is offering. This is because the wholesaler you will want to work with should be providing the products you are looking for. In other words, they should be carrying the products you want to sell. As such, you can pick as many or as few, wholesalers as you wish. This is as long as the wholesalers you pick are offering you the products you want your brand to be known for. On that note, take the time to read the reviews of different wholesalers. This will help you pick and choose ones worth working with and avoid those that are not.

2. The Reliability

Reliability is vital in any aspect of business, and this also includes the reliability of the wholesalers you work with. You want to ensure the wholesalers you pick can deliver their merchandise on time and safely consistently. Otherwise, working with a wholesaler who lags behind their delivery schedule and somehow always shows up with damaged goods will only hurt your retailing business.

3. The Price Point

The price point of the merchandise the wholesalers are offering is also an essential factor to consider. It is the price point that will affect your profit margins, and this will also affect how much you are going to charge for your products. As a result, how high or low the merchandise cost will affect how easily you can hit your profit margins, so careful consideration of price points is a must.

4. The Customer Service

Problems can happen at any time, anywhere. If you have concerns related to the merchandise of a specific wholesaler, then you will need to reach out to them through their customer service. Now, the last thing you want to deal with is an unresponsive and unsatisfactory service, leaving you with more questions than answers. As such, take the time to research for wholesalers that offer excellent customer service. This way, whenever you need help, they will always be around to assist you!

Conclusion

All in all, consider the above factors we’ve talked about. Make sure to try and tick all the boxes for the wholesalers you will want to work with. This way, not only will you end up with reliable wholesalers who can provide you with the products you need at the right price points, but work with wholesalers who you can negotiate with to guarantee your success as well as theirs. That being said, do take your time when picking your wholesalers. It may be exciting to start working with one, but you need to spend the time figuring out who is reliable enough to support your retail business and who must be avoided!

Globe Imports is a wholesaler and importer of gifts and home decor. If you are a home decor shop owner looking for a reliable and trustworthy wholesaler decor supplier in the US, work with us today!