When starting a retail business you need to break down each aspect of the workflow, but everything only truly begins when you’ve figured out the right products to sell. As a home decor business owner, you’ve figured that out early on—and now you’ve got a plan with a goal to decorate homes all over the country, and perhaps, beyond.
You might have entered the world of wholesalers, only to find yourself lost and confused. After all, the process involves more than just choosing products. Although a wholesaler can be an undeniably reliable source for products to sell, you’ll want to make sure you choose the right supplier who can help sustain your business growth.
Thankfully, the process does not have to be complicated. We’ve gathered these tips for you to consider, all dedicated to helping you manage and grow your home decor business in more ways than one:
Tip #1: Choose the right wholesaler for the job
There are a large variety of wholesalers out there for you to choose from, and your goal now is to find the perfect candidate. You may want to browse through the internet to start, but your local chamber of commerce is bound to get you in touch with various business owners.
You’ll also benefit from tapping into your network of contacts, just to ensure that you get proper information on which wholesalers to trust, and which warrants caution. Make sure to study each choice carefully, and more importantly, never hesitate to reach out and ask questions.
Pro tip: Consider negotiating. Make sure to talk to your chosen supplier and negotiate prices, but keep in mind that you’ll need to offer them some form of incentive as well. It’s best to do this when you know that your sales are doing well, as you guarantee your supplier a longstanding relationship.
Tip #2: Consider your customers
The lifeline of any retail business is the pool of customers, so it’s only logical that you do above and beyond to keep their experiences smooth. You’ll want to ensure that payment and conditions provided by your chosen wholesaler fall according to your standards, which should include refunds and returns.
Payment systems must always be secure, which can be done through credit card options, debit, cash, and other payment methods deemed appropriate.
Customer service is also a good sign of a credible wholesaler, as they’ll help you through the entire process, especially when something goes wrong. By getting the help and attention you need, you effectively make your customer experiences worthwhile.
Tip #3: Organize your storage space
Once you have everything in order, it’s time to direct your attention to an important aspect of your business workflow—storage. Selling home decor items means you need to invest in enough space to store goods, particularly fragile ones. You’ll need to organize your space accordingly, preferably in a large room with ample shelving space.
Boxes and other packaging materials must also be kept near, as well as proper spreadsheets or systems that keep track of your inventory. To keep things as organized as possible, consider adding labels to every item.
Decorate Homes With Your Products—Work With the Right Partner Today
When it comes to growing your business, mastering the art of purchasing wholesale goods allows you to increase both your range of products and increase your profits. Finding the right wholesale partner allows you to do just that. Choose one that sells only high-quality products, with proper customer service systems in place to ensure stable retail business growth. Ask the right questions, consider the numbers, and above all, invest in the right space. Smart choices pave the way for success.
If you’re on the hunt for wholesale home decor for retailers, The Globe Imports, Inc., has you covered. We are a Florida wholesaler and importer of home decor in gifts, helping businesses grow since 1988. Allow our products to adorn your shelves and wow your customers—reach out today.