Lets Talk Wholesale!

These days with the recession in the American economy, not only are Americans affected, but millions of businesses, as well as the simple, average Joes are affected world-wide. Because of this recession, many peoples lives have come to a standstill – financially, that is. Businesses are losing sales, companies are filing for bankruptcy, thousands of jobs are being cut, and the world seems to be coming to a grinding halt. But wait, you shouldn’t lose hope yet – the answer may be a simple alternate payment method entitled Bill Me Later.

If money is tight, people will definitely think twice before making purchases. You need to make sure you grab their attention and make sure they buy your goods, money being tight or not. Bill Me Later allows businesses to keep making sales simply by deferring billing. Whether it be a simple discount or a full payment plan, it will be more likely to have that person go for the purchase. For example, a statement like “No Payments For 6 Months!”, or “10% Off Orders $500 Or Greater!” will greatly increase the likeliness of someone purchasing your wholesale goods. It ensures  you will keep making sales and this keeps your customers happy because they will understand that even if money is tight at the moment they still have the opportunity to go ahead and purchase goods and they will be provided with some additional time to make the payment.

This is a very appealing method to many customers and it will make them realize that although the economy may be in turmoil, there are still options open. People like to know they’re getting a deal and simply spotting a good deal in times like these motivate them to make a purchase. Another option could be to provide a discount, and label it as a “Temporary Sale” or something of that sort to make your buyers take advantage of the deal before they lose the chance.

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I’ve been in the wholesale industry for many years and have seen many people make a lot of money. At the same time I have seen a lot of people lose money with fraudulent so-called “wholesalers.”

This post comes to light today after speaking with a colleague who recently lost just under $3000 ordering some goods for his business that were to arrive first week of Dec. to be sold for Xmas. 7 weeks late – they haven’t made it to him yet and I don’t think they’re going to.

Always do your “DD” – due diligence – that is before you enter into a business relationship with someone.  Whether it be a few hundred dollars or a few thousand dollars, it is sad to say that there are people out there ready to steal your money.

Being in the wholesale industry for over 5 years, it is quite easy to spot the good from the bad. Rest assured that there are many great wholesalers out there with great customer service who will sometimes even have your product at your door in 24 hours. For beginners in the industry and even for some of the intermediate, scammers sometimes set out elaborate schemes to “dupe” you and run away with your money. Don’t let it happen to you. Unfortunately it had happened to me in my earliest days and I learnt the hard way that if its too good to be true, walk away, because it is.

If you have found a wholesaler you are getting ready to deal with, shoot me an e-mail through the Get In Touch With Us page and let me do a quick free review of them on my blog to make sure they seem legitimate  before you proceed.

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