5 Quirks About Selling And Storing Wholesale Goods

Posted by admin on Sep 1, 2011 5:10:00 AM

A wholesaler is a company that acts as a go between between businesses and customers. In recent years, some companies have chosen to act as a wholesaler in a traditional retail setting. In other words, companies like BJ's and Sam's Club combine a wholesale warehouse within a conventional retail space. The process might seem straightforward, but it still has its quirks.

1: The Gallon Size Apparently Is Too Small
Unless you happen to be Undercover Brother, you probably won't be eating enough mayo to justify buying it in tub size. People assume that just because you are getting a cheaper price per unit that you are getting the best value. However, if you don't use the product, you are not getting a deal at all. Keep the wholesale purchases to tube socks and hope the grocery store hasn't run out of mayo.

2: Some People Don't Understand That A Wholesaler Is A Warehouse
Yes, and this means that there is nothing in the back room. If you go to a wholesale store and ask an employee if they have more ketchup in the back, you are doing something wrong. As Bill Engvall would say, "Here's your sign." There is a reason why the product goes straight from a truck to the sales floor. It is for your convenience and to make the employee's life as easy as possible.

3: Novelty Items Are Overrated
Sure, nothing is cooler than having that light up pen, or the gun that unrolls a sheet of paper with the word BANG on it. The funny thing about novelty wholesaling is that there is actually a market for it. Google "Funny Novelty Items" and you will end up with thousands of hits. On second thought, have you ever used a Bongo Flasher? Those things are fun.

4. Marketing Can Sell Anything
Why is there such a novelty market? Good PR and advertising. A Silly Band wasn't just a piece of rubber, it was a dinosaur shaped piece of rubber! A pet rock wasn't just any rock, it was a rock that kept you company and was almost as good as a dog. Ten dollars for a rock may seem like a lot, but at least it doesn't need trips to the vet.

5. You Need To Bring Friends To Buy From A Wholesaler
You can't buy from a wholesaler if it is just you. It is the law in all 50 United States. To buy goods from a wholesaler you have to have 39 kids, or be attempting to set a Guiness World Record for most rolls of paper towels bought in one package. Hopefully you have given up trying to find a normal size jar of mayo by now.

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Topics: Small Business

6 Reasons Your Small Business Needs a Blog

Posted by admin on Aug 31, 2011 2:44:00 AM

If you are trying to make it in the current economy, then you understand the importance of online marketing. A blog is one of the best ways to build visibility for your website. Here are six reasons your small business needs a blog.

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Topics: Small Business

Tired of the F Word? Then Let's Get With the W Word!

Posted by admin on Aug 30, 2011 1:44:19 AM

Frugal, or the F word, has beaten down so many people dealing with this awful economy that more and more people are searching for ways to use Win, or the W word. Facebook questions about what to do on a day off with no money can get answers like window shop for fall fashions, feed the ducks in the park, or search online for silly jokes. Sometimes, though, it's not about having no money, but about ideas. Stress over today's economy has affected people and left them dazed, so ideas are a commodity in great demand right now.

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Email Marketing for Small Business Success

Posted by admin on Aug 29, 2011 2:40:00 AM

Email marketing remains one of the strongest ways to ensure small business success. According to a recent Pew Research Center survey, 92% of online Americans use email, with 61% checking their email every day. If you can build a strong email list, you will have an audience you can market to for years to come.

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Topics: Small Business

Best Back To School Items For Teachers

Posted by admin on Aug 25, 2011 2:33:00 AM

If you are a teacher, you know that back to school time means purchasing things for your classroom. Here are some things that you might want to think about purchasing to keep your classroom well stocked and to keep you ready to handle anything!

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Topics: Education and School

Hosting Home Parties to Save and Earn Money

Posted by admin on Aug 25, 2011 1:46:57 AM

When you're trying to save money and to embrace a frugal lifestyle, there may be many challenges that you face. Fret not. Here are a few ways to save money will still enjoying your favorite products and services. Host an in-home party and get your friends in on the action. You'll find a lot more money in your wallet at the end of the month.

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Small Business Websites: Owning Your Online Real Estate

Posted by admin on Aug 24, 2011 2:12:00 AM

When your business is small, you look for ways to manage costs. Some small business owners settle for website solutions that have them renting space on someone else's domain. Even when the space offered is free, you should proceed with caution. Your long-term business plan should involve a domain you own for the following reasons.

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Topics: Small Business

SAT Test Prep Sweepstakes

Posted by admin on Aug 23, 2011 2:31:00 AM


Enter your school to win one month of premium SAT test prep for the entire Junior class!

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Topics: Giveaways

How to Live Within Your Means

Posted by admin on Aug 23, 2011 1:41:53 AM

Many people find it hard to survive in a stunted economy while inflation flourishes, but that doesn't mean it's not impossible. It takes a lot of hard work and dedication to live within your means. You need to set up a budget and stick to it. This way, when you're in a bind, you won't be wondering how you're going to pay for that emergency car repair or medical bill.

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5 Things Business Owners Should Be Buying, But Aren't

Posted by admin on Aug 18, 2011 2:23:00 AM

This post was written by guest blogger Michael Dolen.

You've probably heard the quote "take care of the pennies and the dollars will take care of themselves". This especially holds true in business. Sometimes the difference between a failing business and one that's wildly successful is just a few percentage points of profit. Walmart is an example of this, with a net profit margin of only 3.77%.

Obviously though, none of us have a Walmart-sized company. Not even close. However the lesson still holds true whether you are a one-member LLC (like I currently have) or a corporation with hundreds of employees. If you don't seek out the absolute best deals on your inventory and supplies, even the slightest differences can add up to real money over time the difference between being in the red of not.

Are you buying enough online?

One simple way that just about any business can reduce their expenses is to buy online. Of course, the impact that will have on your bottom line will depend on your industry, but here are 5 examples to demonstrate how this approach is something all of us must consider.

#1. Toiletries

Toilet papers, seat covers, paper towels; they're not the most pleasant items to think about, but you should because you're probably overpaying big time if you buy them from a brick and mortar store. Take these wholesale Health Gard seat covers. At the time of writing, DollarDays is selling them for only $78.87 per case (that's 5,000 covers total) to Platinum Members. Compare that to the retail price of $219.80! Doctors’ offices, restaurants, and just about any business with a heavily-trafficked bathroom will save a lot of money here.

#2. Shipping/Packaging Supplies

Years ago I used to run an eBay business and as you can imagine, I was buying quite a bit of packing supplies (my Staple's credit card bill each month was quite high!). Doing that was a big mistake, because I can buy envelopes, bubble wrap and more for only a fraction of the price online. Compare DollarDays wholesale envelopes to what the office supply stores charge and you will be amazed at the difference!

#3. Electronics

It may be 2011, but fax machines are still a vital accessory for many businesses. When I started my website for credit card reviews, I assumed a fax machine would never be needed since it was an online business. However the credit card companies I work with like Chase, American Express, and Discover often ask for the advertising agreements to be signed and faxed back. All those trips to Fedex Office where I had to pay $1-2 per page for faxes really added up. Eventually I caved in and bought a cheap fax machine, but after checking out the ones on DollarDays it looks like I could have gotten it a lot cheaper. As I write this there are good, name brand wholesale fax machines for less than a hundred bucks.

#4. Food/Beverage

We all know how expensive coffee has gotten over the past couple years. If you provide free coffee to your employees, that increased cost really adds up. Of course, the solution is to not to do away with it, because that coffee can help invigorate employees (boosting productivity). A better solution would be to buy it online. Not only will you find it's a lot cheaper than the stores, but you can also snag additional savings with the closeouts found in DollarDays wholesale coffee and tea section.

#5. Hardware

A good friend of mine is a property manager for a fairly large complex of 80 or so apartments. Whenever light bulbs, tools, etc. are needed, the higher-ups at corporate tell him to go to Home Depot and charge it to the business credit card they provided him. This is a huge waste of money considering that many of the same items can be bought online for much, much less. Check out the wholesale hardware section and you will see just how significant the savings can be.

Michael Dolen is the founder of Category Media LLC, which is the parent company of CreditCardForum.com. He started this forum/blog in 2008 as a place for consumers and business to ask questions and get answers. Speaking of credit cards, he uses the Chase Ink and AmEx Business Gold for his company, but stresses that there's not a "one size fits all" answer when it comes credit cards.

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Topics: Small Business