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Today, in the industry [link widoczny dla zalogowanych] of e-commerce, most buyers make plenty of mistakes, that can lead them not to the monetary gain that they desire, but to monetary loss. This is while, today we're going to focus on wholesale lots, most specifically, how to negotiate and get better deals.
So, what's the big mistake that buyers make? Well, first of all, they will focus in achieveing a surplus product or a product that's available on sale. However, doing this means that they cut their profits by half. And if you think that this is what most wholesalers say that they do and recommend you to do, you're right! But why? [link widoczny dla zalogowanych] Well, because they [link widoczny dla zalogowanych] want to keep the big money for themselves! Ask yourself, what client will want to buy retail waste?
Let's take a look at a practical example regarding wholesale lots. For the purpose of this example, we'll use [link widoczny dla zalogowanych] dog leashes. Those things can't ever grow old, right? So, let's say that you achieve 15,000 dog leashes in an inventory, and the supplier even tells you that there are many styles, so he's recommending that you buy bulk, because you get all the available [link widoczny dla zalogowanych] types and styles. You get a [link widoczny dla zalogowanych] retail price of $12.99, but the wholesale rate is $8.00, which means a nice difference. So, you inspect the leashes, see that they're highly qualitative, and you make a buy.
But! If you would have done a thorough product research, you would have seen that on [link widoczny dla zalogowanych] another site, like eBay, you can get these leashes available for sale by suppliers for as little as [link widoczny dla zalogowanych] $3.50! This means that he above deal is not that good, because well, you get a change to make a profit of a dollar tops. And your competition might have better price than you. So, you want to sell these leashed for a high profit, right? But how do you do that?
[link widoczny dla zalogowanych] Well, always ask your supplier if they agree to take all cash prize. In some cases, you can even get the products without an upfront [link widoczny dla zalogowanych] payment. But in order to do that, you need to let the supplier know that you are really committed to making them get rid of their item. Always make a realistic price offer, give the supplier a free storage space, and enough time for them to decide on [link widoczny dla zalogowanych] your offer. This will make your cost drop at the rate that you actually want. [link widoczny dla zalogowanych]
Also, you should always back up all of your claims with real number, before you start negotiating! Honesty pays off, and if you're honest, then the supplier will be honest, and let's say that you offer [link widoczny dla zalogowanych] the leashed for sale at $0.60 and you get $8 for one. This means more than $7 profit for you! Plus, think about this: this also tells you why, you should always negotiate the individual price, even if you're buying bulk. This way, you [link widoczny dla zalogowanych] will [link widoczny dla zalogowanych] be able to find a solution that's equally profitable for both the supplier and for yourself!