Retail selling and wholesale selling are two very different things. Some sellers might say they are more comfortable in retail selling while some would say wholesale selling is the best option. Selling wholesale online is a nice way to increase sales and boost profit. But to become a successful wholesale seller online you must have experience of retail selling even for a small period of time.

You might find that retail selling is not earning you the profit that you hoped for or that direct selling to customers is not very rewarding for you. So, why not try selling wholesale and begin distributing your handmade creations to retailers and similar sellers and thus climb up the supply chain.

Guidance

Get guidance on technicalities of wholesale selling, visit fellow wholesale seller websites and learn from the market. Make a note on the mistakes and successes of others and train yourself properly.

Changes for the better

With wholesale selling you will be selling much greater number of items than what were you doing at retail. Your revenue will also increase and gradually profits will start coming. With wholesale selling other retailers will also join you and market your products by discussing your products with fellow retailers, their customers and also through social marketing. As such your creations will get more publicity and thus more retailers will join you.

Pricing

Now that you have become a wholesale seller, you have to offer your retailers at least 30-40% discount on your retail price. You should set the price such that you do not have to bear losses and also see to it that your wholesale customers get benefitted.

Minimum order

It is important that you set a minimum order rule. This means the retailers have to buy a minimum amount of the product or place an order of a minimum value specified by you. Wholesale pricing should be such that they bring in more orders from your customers and earn you bigger revenues. You must start in a simple way and see how things go and act accordingly.

You have to remember that patience is the key. Every business takes time to succeed. So, do not lose hope if profits are not as you have imaged. Profits will come, just give it little time. Join Its Handicraft and see your wholesale business reach new heights.