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The Value Of Wholesale
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B2B (business-to-business) wholesale can be a powerful avenue for growth for businesses. By engaging in wholesale transactions, companies can expand their customer base, increase sales volume, and establish strong relationships with other businesses.
Considering Wholesale
DTC (Direct-to-Consumer) brands have revolutionized the retail landscape by cutting out the middleman and establishing a direct relationship with their customers. However, as these brands grow and evolve, they may find it beneficial to explore the wholesale channel as well. Wholesale offers several advantages for DTC brands. Firstly, it provides an opportunity to reach a wider customer base and expand brand awareness by tapping into established retail networks. By partnering with retailers, DTC brands can leverage their existing customer base and gain exposure to new demographics. Additionally, wholesale allows for increased scalability and faster growth, as the brand can benefit from the retailer's distribution infrastructure and expertise. Moreover, wholesale partnerships can help DTC brands establish credibility and build trust among consumers who prefer to purchase from traditional retail channels. Lastly, wholesale provides an avenue for DTC brands to diversify their revenue streams, reducing dependency on a single channel. By embracing wholesale, DTC brands can unlock new growth opportunities and solidify their position in the market.
Getting Started
You don't need to jump into wholesale headfirst and land a large retailer like Nordstrom. Shopify brands can easily get started with wholesale by adding wholesale pricing and features to their existing store today. This will make it easier to identify if wholesale will be a good growth channel for your business.
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In summary, the top 3 criteria for awesome wholesale suppliers:
-primarily B2B
-carry brand name products
-they sell to retailersFind suppliers that check those 3 boxes and watch your business explode as a result.
— Corey Ganim (@GanimCorey)
6:00 PM • May 16, 2023
✅Below are a few tips B2B wholesale distributors and manufacturers can employ to support their retail customers and remain profitable:
TIP 1
Lessening Impact of Price Hikes for Retailers is a MustTIP 2
Offer Private Label OptionsTIP 3
Increasing Efficiency to Lower Costs— Orders In Seconds, Inc. (@OISMobile)
8:01 PM • Sep 1, 2022
6 tips for effective #product research
Follow consumer trend publications
Find bestsellers on #Amazon
Browse social curation sites
Evaluate #B2B wholesale marketplaces
Observe niche forums
Ask your own customers
— Task4Store (@shopify_help)
11:47 AM • Jun 4, 2021