So you’ve identified dropshipping as something you may be potentially interested in as a retailer. But are you still wondering whether dropshipping is right for your business?
In order to make profit from selling your wholesale products to a retailer, you have to first ensure that the price is right! As a general rule of thumb, you should aim to sell your product for 2.5 times what it cost you to make or buy it.
Are you just starting out in the retail game? Have you established the concept for your shop- be it an online marketplace or a physical store- and are ready to fill it with amazing stock, but aren’t sure where to start when it comes to finding the best wholesale supplier for you?
There’s no denying that we live in a digital age. Statistics show that 59% of the globe are active internet users, which amounts to over 4.57 billion people according to data collected by Statista in April 2020.
We’ll take you through 8 wholesale marketing ideas and provide you with top tips to ensure you are using them as an effective way to reach new customers!