Wholesale Sales – What’s All This About?

Wholesalers having sales sounds like something that does not exist. Clothing sales are normally things you would expect to see in the B2C environment. The truth is wholesalers have just as much of a need, if not more of a need, to sell their clothing at the lowest prices possible as your average high street store.

In this article, we are going to discuss why wholesalers launch clothing sales and how you can go about finding the best sales.

The Sales

A wholesaler will launch special offers on businesses buying clothes wholesale for exactly the same reasons as any clothing retailer.

1. They want to get rid of existing stock. This might be because they want to get rid of products that were not selling well or they may simply want to get rid of last season’s clothing.

2. They want to gain an advantage over their competitors. The fashion wholesale business is extremely competitive.

They work in exactly the same way as any other form of sale. You get a discount and a limited time to use it. These sales may be promoted heavily or not. It depends entirely on the wholesaler and whether the goal is to bring in different clientele or not.

An Ideal Business Strategy for You

One of the main advantages of buying wholesale clothes in this way is it reveals a great business strategy for you. It is quite possible to buy clothes exclusively through wholesale sales. With so many wholesalers in the UK and abroad, it is not uncommon to see businesses buying clothes only when there is a sale.

Of course, this is not viable for every business. If you are only selling a limited range of garments, a sale may not be a viable option. The important thing is you do not compromise your strategy for the sake of a wholesale sale. Your customers must still come first. A sale is pointless if the number of transactions go down.

Finding a Sale

Finding a sale is a matter of going out and finding them. Connect with local wholesalers and get an idea for when they tend to launch sales. The fact is every wholesaler has a unique policy on sales.

For a start, some of them will opt for the festive approach. They will see that businesses are preparing for Christmas or the start of a new fashion season and offer a discount to encourage more buying.

Some wholesalers will prefer to offer sales after busy periods in order to empty their stockrooms. Moreover, some businesses will simply offer sales whenever they feel like offering sales.

Here are some strategies for finding a wholesaler that is currently or is planning a sale in the near future:

1. Sign up to any newsletters a wholesaler has. Subscribers will normally be the first to know about them.

2. Ask them when their next sale is. Some wholesalers will reveal when they will next have a sale simply when someone asks.

3. Check when their last sale was. You can normally spot sales trends by looking at the past.

Business Buying – How Do You Know If You’re Getting Clothes at The Best Prices?

Clothing retailers big or small need to make sure they are getting their stock at the right price. If there is not enough room for their profit margins, they are wasting their time. This is why they need to conduct research into wholesale clothing UK before they decide to buy.

In this article, we are going to look into how you should determine if you are getting clothes for your business at the right prices.

The Goal

No matter where you buy from, the goal is to always get the right clothes at the lowest prices. Wholesalers tend to buy clothing in bulk and sell it on at lower prices than retail. Understand that retail prices actually come from clothes that have been marked up by the retailers that deal with customers. Without this mark up, nobody would ever make any money and the company would go out of business.

Always be willing to shop around to accomplish your goal. Feel free to attempt to negotiate. Wholesalers regularly have special deals on discount clothing with different retailers. For example, major clothing chains often get clothes at cheaper prices than a standard Internet-based business because they buy so much of it. They have special arrangements with their wholesalers.

Covering Your Expenses

There are many expenses involved with running a store of any kind. You have to make sure your sales are going to be enough to cover your expenses. In the case of a land-based store, this would involve looking at the cost of employees, rental costs, and the other bills associated with keeping the doors open.

Internet-based companies also have expenses. They have to consider the costs of storing their stock, as well as the costs of hosting a big website.

Always make sure you are able to cover your expenses by selling clothing.

Additional Profit Margins

After you have covered your overheads, this is the time to start making a profit. How much profit you want to make depends on your company. Some businesses prefer to take a risk by reducing their prices in an effort to sell more volume. This depends entirely on your strategy. Whether you can execute your chosen strategy depends on the price you can get wholesale clothing for.

In this case, the right price is the price that enables you to launch your strategy.

The Best Option

To put it simply, the easiest way to know if you are getting the best price on clothing is to compare one wholesaler with another. Shop around before making your final decision. There are hundreds of wholesalers all around the world ready to deal with you.

A common mistake made by newer businesses is to stick with wholesalers close to them geographically. This is not always necessary and can mean accepting a higher price for your stock. Compare the costs of looking abroad for clothing and see if you can get a better deal. Think about it. There is a reason why the likes of Nike look to places like Indonesia and China for their clothing.

How to Start a Home Clothing Business

Thanks to the internet, building a successful discount clothing business can easily be done from the comfort of your own home, free of the stresses and strains that come with maintaining shop premises. If you know what you want to sell (consumers tend to value expertise in a particular niche) and are aware of your target market, getting your business up and running may be easier than you think.

Step 1: Creating a Home Office

A private and dedicated workspace within the home is essential in ensuring you run your business like a professional operation. It will also allow you to take advantage of a home office for tax deduction purposes.

Step 2: Register your Business

Before you begin the important step of securing stock, you must first register with HM Revenue & Customs (HMRC) for tax and National Insurance pages. HMRC has great documentation on its site to guide you through this process. You can check that out here.

Step 3: Open a Business Account

A dedicated business account will make it easier to keep on top of business finances. Running a business from your personal account can lead to all sorts of bookkeeping complications where tax returns and expenses are concerned.

Step 4: Get your Stock

If your business is going to be a relatively small-time venture operated via EBay or classified websites such as Gumtree, your stock needs are likely to be relatively small and items can be secured from sales at shops, markets, and car boot fairs. If you are planning to run a full-time, fully-fledged business, however, you are going to need to get your stock via wholesale clothing suppliers.

These guys specialise in purchasing stock in bulk and selling it on cheaply. As a retailer, you can then purchase the required number of items and mark them up accordingly. Using cheap wholesale clothing providers also eliminates the need for negotiating with manufacturers – a great benefit if you are inexperienced in this area.

Step 5: Get a Website

A good website will be vital to your success. If you are not experienced in web design, it is well worth investing in professional services. This is beneficial from a design and functionality standpoint and to ensure your business features prominently in search engines. Also, make sure you have a strong presence on social media – a lot of your business will come through these channels.

Step 6: Work on a Supply and Demand Basis

If you are working from home thenit is unlikely that you will have much room for a large inventory. If you can afford to invest in storage for your goods, great – if not, you should try to operate on a supply and demand basis. When customers place orders, you order the products from the wholesale clothing supplier. The customer pays you the amount advertised; you pay the wholesale price and keep the rest for yourself.

Step 7: Maintain a Customer Database

Maintain a customer database and send out discount clothing coupons and catalogues every month/quarter. This will help you make profits from existing customers and allow you to keep a loyal following.

Lowering Clothing Prices by Eliminating Overhead

It wasn’t too long ago that all of our clothing purchases were made at local shops and retail centres. Prior to the explosion of the Internet, the local retail model was the only way to bridge the gap between clothing wholesalers and the average customer on the street. Moreover, while the model accomplished its intended purpose, it had one fatal flaw that ended up being the driving force bind online commerce: overhead.

The term ‘overhead’ describes all of the extemporaneous things a business owner must pay for in order to make his products available to the general public. Overhead includes renting retail space, acquiring and maintaining storage space, maintaining a sales staff to work with customers, and so on. Overhead is the single biggest contributor to the mark-up retailers applies to their pricing structures.

Eliminating Overhead Reduces Costs

A 40% mark-up was not uncommon among clothing retailers a few decades ago. They needed to generate that kind of revenue to cover the costs of overhead. However, things are different today. Internet-based commerce has reduced mark-ups by eliminating overhead. Take UKfashionwholesale.com as just one example.

Because they operate using an online business model, they do not have the added costs that come with opening and maintaining retail outlets. They do not have to worry about shop space, local storage space, a sizeable sales force, and everything else that goes into the retail equation. This allows them to be one of the more competitive clothing wholesalers out there.

Wider Customer Base

Another thing to consider is that the online model gives the wholesaler a wider customer base. Using an online model to sell clothes wholesale, UK distributors can offer better pricing for both retailers and individual consumers. They earn profit from retailers by selling to them in volume, while the profit from individual consumers is earned by a slightly higher per-piece price. Both types of customers benefit by enjoying lower prices than they could get from a conventional wholesaler operating a brick-and-mortar enterprise.

The Internet age has accomplished a lot of great things most of us take for granted. One of those things is lowering the price of clothing by eliminating the excessive overhead costs that have plagued the retail sector for so long. Everybody seeking for exclusive purchase of wholesale clothing for a wholesaler, but one must need to spend some time in screening the good wholesalers in the market on whom we can rely upon. Once a retailer gets the hand of a trusted one, there is nothing to look back for anything.

How You Can Save Money Buying Direct from Wholesalers

The modern wholesale club is a concept that dates back to the early 1980s retail marketing. Wholesalers discovered they could sell directly to the public, thereby eliminating the retailer from the equation, at prices slightly higher than what they would normally charge retailers. Consumers still saved money because they were not paying the cost of the retail business. For safeguarding the money as well as profit of a retailer, only wholesalers and manufacturers can help a lot.

Today, the direct-to-consumer model is alive and well in wholesale clothing. There is certainly no shortage of online sellers and club stores taking advantage of bulk distribution pricing in order to sell directly to the public. For the average consumer, the model offers a great way to save a lot of money.

Buying in Bulk

When distributors buy clothes wholesale, they are buying lots that consist of thousands of pieces. The larger the lot size, the better price they get from manufacturers. The concept is based on making money through volume rather than individual pricing. In other words, a manufacturer is willing to earn less profit per-piece if he can sell more pieces. This is the principle of buying and selling in bulk.

Distributors turn around and sell the wholesale clothes to retailers. The retailers will buy in smaller lots, but they will still attempt to purchase as many individual pieces as they can. This affords them better prices as well. Although their bulk purchasing power is not as great as the distributor, it is still enough to allow them to offer competitive prices off the rack.

Buying Direct from Wholesalers

The direct-to-consumer model of the wholesale club makes it possible for retail customers to purchase wholesale clothes at cheaper prices than they can get from a retailer. Here’s how it works. Under the retail model, the wholesaler might sell a piece of clothing to the retailer for £10; the retailer adds a 40% mark-up for a final retail price of £14. When the wholesaler eliminates the retailer from the equation, he can sell the same item directly to the consumer for £12. He still makes more money per-piece while saving the consumer 20%.

And that’s how you save money buying direct from wholesalers.

Wholesale clothing is the primary business of UK Fashion Wholesale. The company purchases directly from manufacturers at bulk prices, then sells the clothes wholesale to both retailers and individual consumers. They carry a full line of fashions and accessories for every budget.

Buying Power the Key to Discounted Clothing Prices

When it comes to purchasing wholesale clothing, UK consumers have a lot of choices in terms of styles and prices. Nevertheless, why is it some companies charge significantly more for the exact same piece of clothing than others do? Some of it has to do with the cost of doing business at the wholesale and retail levels. However, buying power is also an important part of the equation.

To illustrate the concept of buying power, we will use UKfashionwholesale.com as an example. The online fashion distributor purchases clothing and accessories directly from manufacturers around the world. They then turn around and sell those products directly to retailers and individual consumers.

The principle of buying power is directly related to how the company prices its wholesale clothing. Buying power is determined by the number of pieces they purchase from manufacturers. The total number of pieces in any given purchase is known as a ‘lot’.

Larger Lots, Better Prices

Clothing manufacturers produce so many articles of clothing that they don’t have to worry too much about getting a specific price per piece. Instead, they can structure their pricing based on volume. The higher the sales volume, the more money they make in the long run. So in order to encourage volume purchasing among distributors, they base their pricing on the size of the lots being purchased.

A larger lot translates to a lower price per piece. Therefore, a company like UKfashionwholesale.com seeks to buy lots that are as large as possible. Their ability to do so is what measures their buying power. The more they can purchase from the manufacturer, the lower the per-piece price they pay. They can then offer lower prices to their retailers and consumers.

The same principle applies to retailers purchasing wholesale clothing. UK retailers with greater buying power can purchase more pieces from distributors in larger lots. This affords them lower prices they can pass on to consumers through normal pricing. If their buying power is strong enough, they can afford to offer more frequent sales and discounts as well.

We hope that you now have a better understanding of buying power and how it affects clothing prices. Buying power is the key to a successful wholesale business. Undoubtedly, the clothing industry trend is driving and all the time, updating in a rapid manner. While collecting the wholesale clothes in bulk it is required for all to have the clothes that always in style as well as contains good demand in the market for at least a long run.