Why buy Wholesale? 8 Benefits of buying wholesale
Why should I buy wholesale?
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Benefits of buying wholesale
Reasons you must buy wholesale
Why is wholesale purchasing better?
Why should retailers buy wholesale
Best marijuana packaging supplies wholesale
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Best and reliable wholesale partner
Why should I have a wholesale partner?
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How to make profit in retail
Buying wholesale is a boon for retailers and growing businesses. If you’re a business owner and buy your products in bulk at discounted prices and resell it at higher prices to your customers, you are purchasing products in wholesale. But why are wholesale distributors preferred? The reason is simple. Dealing with a single wholesale distributor is efficient because that way you don’t have to deal with a number of individual manufacturers for every product. Plus – you get bulk quantities at super-low costs!
Wholesale pricing is the price you pay to the wholesale distributor for the product. Usually, the bigger the order you place, the larger the discount you get. This is primarily because lower per-unit prices can be attained through larger volume purchases and that’s why wholesale suppliers always push for bulk quantity orders.
When you have a reputable and reliable wholesale supplier such as MJ Wholesale, there are many benefits of buying your inventory wholesale.
Let us look at a few benefits of buying wholesale.
- Reduce your Overall Costs
Less Product Cost: As discussed previously, when you buy wholesale, you reduce per-unit costs, thus getting the best deal whilst purchasing a bulk quantity.
Less Shipping Cost: Also, when you buy in bulk, you wouldn’t need to make purchases every now and then – this will reduce any time wastage. This will also lower your shipping prices, because of larger orders and lesser frequency.
Less Administrative Cost: When you have a reliable wholesale supplier, you don’t need to deal with 10-20 individual manufacturers or suppliers. This helps you reduce your administrative costs.
Less Extra Expenses: When you buy from a trusted and reliable wholesale supplier with a proper plan in place, you can avoid a lot of unnecessary spending and expenditure. Buying items in a rush can have you pay more for the products.
- Get Better profit margins
A completed business deal doesn’t guarantee that you’ve made a profit. It could merely be a simple business transaction. The key to a successful business is ‘buy low and sell high’. Especially, in retail it is vital to keep your purchase costs to the minimum to generate adequate profit.
- Get Access to a Variety of Products
When you buy from an individual manufacturer, you need to choose the products from that particular brand only. And you need to keep doing this with every individual manufacturer. This would make your ordering process lengthy and tedious.
But buying wholesale gives you plenty of options to choose from under a single umbrella. You don’t have to stay with a small set of brands. Nor do you have to stick to a single type of product. With MJ Wholesale, you get all kinds of supplies – marijuana packaging, growing, processing supplies and smoking accessories.
You can buy a range of products of the top and bestselling brands like RAW, Zig Zag, Hemper, OCB, Clipper, Ooze, SmokeZilla, Hemper, Zooted Brandz, High Hemp and many others under one roof with us at MJ Wholesale. You can easily mix and match, and curate your bulk order personally.
- Scale faster
When you buy wholesale, you can scale your business as it grows. You only need to place a larger order from your reliable wholesale supplier. You can add more sections to your store or set up another location. This way you can scale as you go without too much at risk.
- Get better and larger sales
The larger your stock, the larger your sales! When you have a huge stock of products both in terms of variety and quantity, you are sure to have better sales. This is because, you will be able to cater to a wider customer base. You might also attract bulk orders and be able to make bulk sales to solopreneurs, home businesses or small businesses. All you need to do is to keep replenishing the stock to those levels. This way not only can you maximise your sales with bulk purchasing at wholesale prices, you can also maximise your profit levels.
- Avail Better Deals
When you provide repeat business to your wholesale supplier, they are sure to give you a good deal every now and then. This could be in the form of bonus items, extra discounts, free shipping etc. This will help you boost your profit margin even more.
- Get a Competitive Advantage
Guess who knows the latest and best trends in the marijuana industry? Your wholesale supplier. Your wholesale supplier is sure to have the best deals and latest products in the market for you to purchase. This gives you a fierce edge over your competitors, who are still placing orders with every individual manufacturer.
- Get reliability and stability
Some retailers choose wholesale suppliers who offer their products extremely cheap but have no online presence or trustworthiness. This can lead to wastage of time because you will have to keep switching your wholesale supplier whenever they send you low-quality products or have a delayed delivery.
But when you have a reliable wholesale supplier by your side, you have already succeeded at the inventory game. With a reputable and knowledgeable wholesale supplier, you not only get your order’s worth, but you get a lot of valuable tips, industry insights and recommendations about products and services. Having the right wholesale partner can impact your business in a huge way. Therefore, it is a crucial decision for you to make as a retailer.
Buying wholesale from a reliable supplier like MJ Wholesale eases the strain on your pocket and also your mind. MJ Wholesale is proud to have a huge and diverse collection of the top brands at the best prices when it comes to smoking accessories and marijuana packaging supplies. With us, you get everything under one roof. So don’t wait and stock up your inventory today!