If you’re new to the wholesale buying process, it can seem a bit overwhelming at first. And when you hear so much stuff about buying wholesale — what you should do and what you shouldn’t do, how do you really know what’s true and what’s false?
Well, our advice to you is, don’t jump the gun. Keep an open mind and be sure to get both sides of the story as you hear or read things so you can make well-informed decisions as you buy wholesale clothing, accessories or home and kitchen decor for your retail space.
So, what are some of the myths that you’ve seen or heard?
We can probably guess.
Don’t factor in customers’ tastes when buying wholesale because it’s your store. They’ll like what you like.
There’s no need to check out merchandise in person when you can find everything you need online. Besides, shopping in person is for the major players.
If it’s wholesale, you’re automatically getting the best prices. Why comparison shop?
Any wholesaler can meet your needs. If you go with a global one, you’ll find a better product selection.
We’re going to tell you up front that those statements are all...FALSE! Let’s take a look at what makes them myths about wholesale buying.
Myth #1 Buy Items You Like. Customers Will Like Them, Too.
Unless your customers are super-close friends who like everything you like, don’t subscribe to this practice. You know what they say when it comes to consumers. “The customer is always right.” As much as vendors hate to admit it, this is true especially when want and need to move merchandise. So, if you buy products based on your interests and not your customers’ interests, you’ll set yourself up for huge losses.
Get a feel for the wholesale clothing, accessories or home furnishings that your customer base would want to see in your store. Now, we’re not suggesting that you fill your retail space with a bunch of merchandise that doesn’t line up with your personal brand because you’re trying to accommodate everyone’s demands. But, we wouldn’t recommend filling the racks or shelves with items that you only care about.
Myth #2: If You’re Not A Major Player In The Industry, Get All Of Your Merchandise Online.
As an online supplier of wholesale products, you might be shocked that we’re even touching this wholesale buying myth. Listen, we have nothing to gain from not being up front with you. We appreciate your support and we want your business to thrive. We hope that you find what you need on our site, but we also realize that there might be times when you’re looking for a particular item that we don’t carry. In that case, you might think you’re limited to other online wholesale merchants. But think bigger. What you need could be right in your own backyard.
Some people might think that only buyers with huge budgets have the luxury of being able to purchase items directly from a local wholesale district, fashion designer or artist. That’s a pretty common myth. Honestly, you won’t know unless you give it a try. You might have a smaller budget, but that doesn’t mean that you can’t score great deals at a local warehouse. Or, you might be pleasantly surprised to find out that the artisan who you want to partner with is looking for a way to bring their products to a larger marketplace.
When looking for items for your store, shop around IRL(in real life) as well as online. The added bonus of shopping in-person is that you can see items first-hand and know exactly what you’re getting before it all shows up at your store.
Myth #3: It’s Wholesale. You’re Getting a Great Deal Regardless.
Wow. If you believe this myth about wholesale, do not pass Go. Do not collect $200.
Keep in mind that a lot of merchants out there are selling the same thing. Don’t just buy from the first seller that you come across. With all of the competition, wholesale merchandisers are willing to do whatever it takes to get your business. That includes offering products a better price to set themselves apart from other sellers.
Determine what you’re willing to pay beforehand, and look into the costs and quality of the products offered by each seller. Read reviews and ask around to see if anyone knows about the company that you’re interested in buying from, or if anyone had a negative experience with the company. It’s your money. If you just fire up your computer and buy from anyone, you might as well just throw your money out the window.
Myth #4:You’ll Find A Better Product Selection With A Global Wholesaler.
Yes, the world is our oyster. However, when your time and money is on the line, you can’t afford to be at the mercy of a merchandiser that’s on the other side of the world. So, if you’re a little leery about ordering internationally, there’s nothing wrong with looking for local suppliers.
Shopping locally for products or suppliers is actually a solid way to buy wholesale. When you work with a local vendor, you can get items quicker. You can also network and possibly negotiate better deals if the wholesale supplier is open to it. And if a vendor doesn’t have exactly what you need, they might be able to point you in the direction of another supplier that has the wholesale jewelry, garments or decor that you want. Just do your homework before you jump into a partnership. You might feel the pressure to purchase from them because of the convenience. But again, if their quality and prices aren’t where you’d like them to be, keep shopping until you find the products and service that are up to your standards.
Wholesale Accessory Market Can Help Debunk The Myths About Wholesale Buying.
It’s true. At Wholesale Accessory Market, we’re committed to bringing entrepreneurs like you the best prices for wholesale gifts, clothing, home decor, and jewelry for your boutique or store. We strive to make your experience with us to be smooth and hassle-free so you’ll shop with us often. If you have any questions or need facts about our products, don’t hesitate to contact us.
*Please note that inventory changes frequently, so the exact items pictured here may not always be in stock. Don't worry — we always have plenty more wholesale products to choose from!