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Apr 14, 2021

3 Wholesale Buying Myths That You Should Never Believe

Starting a business that requires wholesale buying can be overwhelming, especially when it is your first time doing it. In fact, it doesn’t help that many people tell you what you should and shouldn’t do. While they may have good intentions, wrong information cannot help you in making sound decisions for your business.

Whether you are planning to buy wholesale home décor, clothing, or other products, you should be aware of these myths and know the truth about them:

Myth #1: You Only Need to Buy Items That You Like. If You Like Them, Customers Will, Too

Unfortunately, taste is subjective, so just because you like some items doesn’t mean that everyone else will, too. If you want your business to thrive, you actually have to be in tune with what consumers are looking for. Instead of buying products that interest you, you must focus on fast-moving items that will help your business grow faster.

Of course, you want to sell products that are still reflective of your brand, but make sure you don’t only offer items that only you will be interested in!

Myth #2: Unless You Are in the “Big Leagues,” You Better Stick to Buying Your Merchandise Online

Some wholesale home décor vendors may tell you this, but any supplier worth their products will be upfront and tell you that they are not your only option. This means that in cases when you are looking for specific items that your online supplier doesn’t carry, your choice is not limited to other merchants.

You might want to consider approaching a local warehouse or even going directly to the manufacturer. You might find that some designers and artists are more than willing to help you, especially when they get to introduce their products to a new market through you as well.

Remember that there’s nothing wrong with hunting for both online and brick-and-mortar suppliers who can give you the products you are looking for or the best deals you can get!

Myth #3: It Doesn’t Matter Who You Get Your Products From, You’re Getting a Good Deal No Matter What

This may be one of the most absurd myths that, unfortunately, many people still believe. You can’t just buy from the first supplier you see advertising wholesale home décor for retailers. Remember that you must not make buying decisions hastily. You need to do your homework first and find one that can provide you with the highest quality products at the fairest prices.

Talk to as many suppliers as you can and know more about how they do things. A low price matters, but that’s not all there is to it. You have to be sure that you are partnering with a supplier that’s known for its reliability. It makes sense to get to know the potential supplier first and ask them questions that matter, especially those regarding lead time and exchange policies. Check out reviews from other retailers as well, and choose someone with a positive reputation who is less likely to give you headaches in the future!

Talk to as many suppliers as you can and know more about how they do things. A low price matters, but that’s not all there is to it. You have to be sure that you are partnering with a supplier that’s known for its reliability. It makes sense to get to know the potential supplier first and ask them questions that matter, especially those regarding lead time and exchange policies. Check out reviews from other retailers as well, and choose someone with a positive reputation who is less likely to give you headaches in the future!

Conclusion

No matter how much capital you have to invest, buying wholesale for your business is a serious matter. In fact, it is a huge contributing factor to whether or not your business will succeed. Don’t believe the myths mentioned above that could jeopardize your success and always do your due diligence when buying from wholesale home décor vendors!

Globe Imports Inc. is one of the most reliable wholesale home décor and gifts suppliers. We have been importing and providing home décor retailers with quality wholesale products since 1988. Contact us today to learn more about our products and services! Also, if you’re ever in the Central Florida area feel free to schedule an appointment to visit to our showroom – we love to get to know our Globe Imports family!

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