The reason Vankle has grown so quickly in so little time, in spite of the global financial crisis, is the uniqueness of our business model. As a wholesale mall, we simplify the supply-chain process, acting almost like an Amazon for smaller retailers
Beijing (PRWEB) July 13, 2010
Vankle.com, one of the world’s fastest-growing online wholesale malls targeting online retailers, signed on its 100,000th customer this week as it continued its upward momentum, with average monthly growth at more than 500 percent. Sales at Vankle hit new highs in June and July thanks to the demand for merchandise related to the 2010 World Cup soccer tournament. To celebrate its success, the company awarded Apple iPads to its three most loyal customers, and sent polo shirts to the lucky first 100 customers on July 8.
“The world is flat, and Vankle makes it even flatter, selling to customers online in more than 200 countries,” said Jerry Fan, CEO of Vankle. “The reason Vankle has grown so quickly in so little time, in spite of the global financial crisis, is the uniqueness of our business model. As a wholesale mall, we simplify the supply-chain process, acting almost like an Amazon for smaller retailers. China is the main factory for our products – more than 50,000 of them! – and we offer retailers a convenient, one-stop shop to procure and dropship high-quality, in-demand products quickly and easily. We guarantee the quality of these products and offer true customer care, differentiating Vankle from other dropbox companies.”
Vankle is not a marketplace like Alibaba or Dhgate, but an online wholesale mall, meaning it takes full responsibility for every item it sells. Unlike Amazon or eBay, Vankle targets online retailer, not individual shoppers. In fact, many sellers on eBay get their goods from Vankle. With a diverse array of products from computers to apparel to electronics to 2010 World Cup soccer souvenirs, Vankle is a price killer that retailers can turn to for fast, free dropshipping with no hidden fees. Vankle provides the ideal interface between the supplier and the retailer, leveraging its sophisticated integrated supply-chain system to make all transactions and deliveries simple and hassle-free.
It is not surprising that Vankle became profitable only six months after its site came online in August 2008. At a time when the global financial crisis is forcing many businesses to cut corners and place small-volume cross-board orders to reduce risk and lower costs, Vankle offers the perfect solution. In the tradition of the best online malls like Amazon, it makes product sourcing fast and easy while offering retailers a high level of customer service and guaranteed product quality, with no need to depend on multiple sellers.
Now that Vankle has established itself as an indispensable wholesale resource for retailers, the company plans to continue its upward growth by investing 10% of sales revenues in new technology and continually improving product quality assurance and customer service.
Vankle has more than 80 fulltime employees with branch offices and subsidiaries in Beijing, Shanghai, Shenzhen, Guangzhou.
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