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From Retail to Wholesale

From Retail to Wholesale

1️⃣ What are the benefits of upgrading from Retail to Wholesale?
This move has several benefits, such as working with professionals who know the exact parts they need, which reduces returns due to incorrect product selection.
Additionally, forecasting sales becomes easier as regular clients can be identified. Purchasing goods from big wholesale suppliers becomes more cost-effective.
Renting costs also decrease as there is no need to have shops on busy streets to attract new customers.

2️⃣ What challenges can you face?
However, expanding to wholesale can be challenging in terms of strict compliance with delivery terms, defined in contracts and changes in the marketing approach compared to retail sales.

3️⃣ What can help you simplify your work and increase sales?
One way to simplify work and increase sales is by using an API to provide price lists to clients. This technology allows you to connect to your customers’ websites and send them real-time, updated prices.

Auto parts retailers may expand their business by selling auto parts wholesale.

 

Wholesale vs Retail: Which One Is The Best Option For You?

You may be wondering what the best way to sell it is – as a wholesaler or a retailer?
Before making a decision, it’s important to carefully consider the advantages and disadvantages of both options.

 

What is Wholesale?

A wholesaler is a person or a company that sells products in bulk to various outlets or retailers for onward sale. They can either do it directly or through another company. Wholesalers can sell their products for a lower price as they sell in bulk, which reduces the handling time and costs involved. They usually provide large quantities of goods but can also take orders for smaller quantities. The wholesaler may be the manufacturer or producer of the product, but they don’t have to be.

 

What is Retail?

A retailer is a person or a company that sells products directly to their customers for a profit. The retailer may be the manufacturer of the product or may acquire relevant products from a distributor or a wholesaler. The products they sell will be at a higher price than they would be from a wholesaler, due to markups.

 

We have a strong track record of supporting all customers, allowing us to develop expertise in meeting the needs of both types of sellers.

Want to learn more about Wholesale or Retail solutions for auto parts? feel free to contact us.

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