With wholesale competition always increasing, buyers need to look out for the most competitive suppliers if they want to increase profit.
London, United Kingdom (PRWEB) July 05, 2012
Wholesale Scout, the wholesale expert and online wholesale directory, has launched a brand new section of their website in a bid to further support the wholesale community.
Wholesale Scout works with thousands of wholesale suppliers and wholesale buyers across the UK and through their extensive research into the industry, they have found that many buyers need more direction when it comes to product selection. And their new service, Brand Spotlight, aims to help buyers with their purchasing patterns.
Apart from using Google to source competitive wholesale products and visiting high street shops to see what products are selling, it can be very difficult for a wholesale buyer to identify popular brands and products. It is relatively simple to see that big brands and products, like the Apple iPad, sell incredibly quickly. However for small resellers it can be very difficult to turn a profit with products like these as competition from larger wholesale buyers makes it tough to secure competitive prices.
The team at Wholesale Scout have been working on a new advice section of their website called Brand Spotlight. The section, launched last week, is a monthly advice column based around popular wholesale brands. Each article will be based purely on one brand – focusing on their history, company information and popular products. Not only will this provide wholesale buyers with information on potentially lucrative products, but it will also release exclusive information on wholesale suppliers to its members.
The team see this as a valuable inclusion to their offering as feedback from hundreds of buyers suggests those dealing with competitive suppliers find the best wholesale prices and therefore the best margin on products. And with wholesale competition always increasing, buyers need to look out for the best deals if they want to increase profit.
Although it is time consuming at first to set up a wholesale business, once operating it is fairly easy to target customers and sell products – especially through the internet. Online sites like eBay allow buyers to advertise and sell products online at a low cost and without even having to set up their own eCommerce website. Social networking sites also present a free source of information and provide networking opportunities. So the number of buyers in the industry is always increasing. However, a wholesale business can only really grow if products are secured at the best wholesale rates.
If a retailer is small and un-established it can be difficult to negotiate prices and gain deals. However this is crucial to increasing sales and if buyers can build rapport with suppliers, negotiating is more likely to happen no matter the size of the wholesale business.
The new Brand Spotlight section of the website will provide these details to members so buyers can quickly find out about product trends and then start sourcing them immediately.
Recent Brand Spotlights include Samsung, manufacturer of popular electrical products like televisions, microwaves, mobile phones and digital cameras. The team at Wholesale Scout (http://www.wholesalescout.co.uk ) researched their history and product offering and brought this information along with supplier details to members. Instead of searching through hundreds of pages on the internet to find this information, buyers can find it at the click of a button.
The new section runs alongside the website’s other services including wholesale advice articles, wholesale news and video content.
About the Author:
Wholesale Scout is an online wholesale directory offering its members wholesale business support and access to thousands of wholesale suppliers.