Wholesaling 2.0

For retailers, it’s never been easier or cheaper to find products to sell.

Retailers used to have to go to one trade show after another to find merchandise, [o]r they’d schedule countless appointments with salespeople hawking a wholesaler’s wares. Now all they have to do is go online to shop around for the best deal.

A retailer selling school supplies, for instance, can type “wholesale school supplies” on Google or Bing to bring up millions of results, as well as targeted paid search ads, [o]r they can visit e-commerce marketplaces like Liquidation.com, where they bid on products in an auction format.

For wholesalers, too, it’s never been easier to make a sale. “In the past, you had to find customers,” says Marc Joseph, President of DollarDays and America’s Suppliers. “On the Internet, customers find you. There’s efficiency there.”

Acting like retailers

In order to be found, wholesalers have begun acting like retailers, focusing on marketing strategies like search engine optimization, paid search ads and using social networks like Twitter to promote their products. For instance, DollarDays has put a lot of effort into making sure that when a retailer searches for “wholesale school supplies,” it is at the top of the search results page.

But just as quickly as a retailer can find one wholesaler, that retailer can find another wholesaler, perhaps one offering cheaper products, better terms or more favorable conditions. That transparency brought by the Web means tighter profit margins for wholesalers. To cut costs, many wholesalers are forgoing the personal touch that was long a hallmark of the industry. As a result, some retailers find it harder to get the information they seek about quality or price.

Some wholesalers have gone a step further to create their own retail websites, selling merchandise, often the most attractive goods they have in stock, directly to consumers. In doing so, they’re walking a fine line, says Frank Hurtte, founder of River Heights Consulting, which specializes in wholesale sales and distribution. “There’s a clear tension when your supplier becomes your competition,” he says.

There are also new partnerships emerging. Peter Gonzalez, owner of retail sites PoolBoy.com and RelaxingDecor.com, provides customer service for his [wholesaler] clients and gains new business as a result. Each company does what it does best.

“It allows the wholesaler to bring in products, fight to keep prices steady and deal with inventory,” Gonzalez says, “and it allows me to do the things I’m good at—customer service and selling.”

Finding the best deal

For retailers less tied to particular wholesalers, comparison shopping is the name of the game. As long as a retailer enters its business license and tax identification number on most wholesalers’ sites, it can find prices, [b]ut as wholesalers increasingly turn to marketing strategies popularized by retailers, they’re aiming to make it so retailers don’t have to jump from site to site to compare prices.

Instead, they can turn to Twitter. There, businesses like closeout computer and electronics wholesaler Evertek offer up sales, special events or a particularly large shipment. “It’s a way to reinforce our marketing campaigns and also to try to prospect new customers,” says Peter Green, Director of Marketing and Operations for Evertek, which also sends out promotional e-mails.

Those deals feature baseline pricing for retailers looking to buy small quantities, rather than looking to negotiate prices. Highlighting those offers on Evertek’s website, which also features a constantly updating inventory list and lets visitors place and track orders, aims at helping customers be more self-sufficient, says Green.

Hands off

DollarDays similarly tries to automate its service in order to cut out the traditional retailer-wholesaler negotiation and contain costs, says Joseph.

“We want to make everything as electronically sound as possible so there is as little involvement with people as possible,” he says. “Everything is done through the Internet. Retailers place the orders they want, [and] in a week to 10 days, it shows up. It’s like buying on Amazon. If everything runs smoothly, nobody needs to touch it.”

The process works, he says, because DollarDays tries to keep its prices consistent with its competition.

“From a retailer’s perspective, the good thing about the Internet is it’s so transparent,” he says. “For instance, if a retailer has a Universal Product Code, which identifies a particular item, it can quickly find the best rate, but we know that retailers are doing that, and we don’t want to be embarrassed if the guy down the virtual street is 10¢ cheaper, so we look it up, too, so that we’re competitive.”

For small retailers like Island Video Games, which sells new and used video games and accessories on eBay and on its own e-commerce site, wholesale auctions provide the best means to find inventory, says owner Michael Dimone. “I don’t have the capital to buy large loads,” he says. “With an auction, I can buy smaller lots.”

He primarily shops for products at Liquidation.com because of the site’s wide range of inventory. The site has more than 1.3 million registered buyers, and, in its 2009 fiscal year, the value of goods sold through its online marketplace totaled $365 million. The site features various-sized lots ranging from a single Washburn acoustic guitar to 13,357 assorted pieces of out-of-season swimwear.

Before making a bid, Dimone does a thorough analysis. First, he looks at his historical sales data to see what price particular games or accessories sold at and how long they took to sell. He then estimates his costs for shipping, credit card fees and the wholesaler’s fees—Liquidation.com charges buyers 5% of the value of a purchase. Finally, he comparison shops at sites like Half.com and Amazon.com to see how the games are priced.

“Before I bid, I want to know that I have to sell an item at this price or higher to make a profit,” he says.

Dimone also searches for particular sellers he has bought from in the past. Liquidation.com lets retailers filter each category by sellers, as well as by condition, lot size and other criteria. Although retailers can search the site by seller name, Liquidation.com works to give buyers confidence in all sellers by physically inspecting the products that flow through its marketplace, says Bill Angrick, Liquidation Services’ CEO. The company analyzes those items, including the condition of the merchandise, in an auction manifest that describes the natures and type of goods.

The site also provides buyers a range of information about its sellers. “We want everything to be as transparent as possible,” says Angrick. “So in our auction view, we have a rating of how that seller has performed. The site shows buyers the average days to ship, the buyer dispute rate, repeat buyer rate and seller cancellation rate for 30-, 60-, 90- and 365-day periods.”

Those data points are essential to quickly determine whether to make a bid, says Dimone. “I like to know who I’m buying from,” he says.

Partners, not competitors

Others came to online wholesaling through their experiences as retailers.

When John Olson founded pond-and-water-garden online retailer GrayStone Creations in 2000, he found it hard to find wholesalers selling supplies. He quickly realized that few wholesalers sold those products—and the ones that he could find weren’t presenting them effectively online. So he had to seek out and develop relationships with a wide range of manufacturers and wholesalers.

He soon found that other pond-and-water-garden retailers, like PondBoy.com, were contacting him to see if they could buy supplies from him. That led Olson to add a wholesaling channel. “We realized that if we bought in bulk, we’d get better pricing,” he says.

Rather than compete with the retailers he sells to, Olson works with client retailers to develop search engine optimization and paid search marketing tactics. For instance, he cultivates and passes on thousands of long-tail keywords for his customers’ pay-per-click campaigns. His thinking is the more they sell, the more he sells.

“With more than 30,000 terms applicable to our business, it would be inefficient and tedious for us to compete on every single one,” he says. “This way, if some sellers concentrate on terms applicable to their business and others to a segment applicable to their business, everyone sees better results.”

With some of GrayStone’s bigger customers, he forms deeper partnerships. For instance, PondBoy.com’s Gonzalez answers GrayStone’s customer service and technical calls. In return, Gonzalez, rather than Olson, receives the proceeds from any sales that result from those calls.

“I realize I might lose a little profit,” says Olson, “but I’m gaining it back because I sell to him at wholesale, so it is not a complete loss. And, since I’m not on the phone all day, every day, I can work on things like SEO that bring money to all of us.”

Gonzalez says the partnership boosts his sales 20% to 25%. It also keeps him from shopping around for cheaper supplies.

Competing with the supplier

But not all retailers are as content with the way their suppliers have adapted to the Web.

Take Ann Garrity, president of online organic cosmetics retailer Organic Divas LLC. When she launched her company in 2008, she aimed for the site to be one of the few places on the Web to find natural and organic cosmetics free of cancer-causing or hormone-disrupting ingredients.

But, since then, each of the wholesalers she buys from has opened up a direct-to-consumer online store.

“They realized they could make more money selling direct to consumers rather than selling to us,” she says. “Some of the suppliers even put stickers advertising their online sites on the products they ship to Organic Divas. To use my distribution network to undercut me bothers me.”

Garrity says it is hard to gauge exactly how much wholesalers’ direct sales have impacted her business, [b]ut she has had several customers ask if her site can meet a wholesaler’s prices. Often, she cannot. To compete with those deals, Garrity has had to expand her offers of percentage discounts and free shipping.

The competition has also led her to seek new suppliers. “We want to work with people who are working with us and have our best interests in mind,” she says.

Where does she find those suppliers? The Internet, of course.

Original article here:
https://www.digitalcommerce360.com/2010/03/31/wholesaling-2-0/

The American Library Association, DollarDays Announcing a New Member Benefits Program

The American Library Association (ALA) and DollarDays are announcing a new member benefits program. Nationwide, thousands of libraries have found DollarDays a low-cost provider of many of the items they need to successfully run their libraries. ALA members now have the added benefit of free shipping and no minimum order on more than 55,000 wholesale and closeout products to stretch their dollars even further. Visit ALA.DollarDays.com to register your library today.

ALA organizational members also have the opportunity to participate in the DollarDays Wishlist Program. This program is designed to raise in-kind donations of specific items that a[n organization] has requested or needs to support their library system. Organizational members can decide what type of messaging, what logo and what products are most needed at their library.

To take advantage of these new member benefits, ALA members should simply register their account at ALA.DollarDays.com. Members interested in signing up their organization in DollarDays’ Wishlist Program can visit ALA.dollardays.com/aboutus/wishlist.aspx for more information or call (877) 837-9569 to speak with a DollarDays account manager.

“We are happy to be working directly with the American Library Association. I personally enjoy visiting my local library several times a month and know the services and benefits it provides cannot be duplicated. We look forward to helping you stretch your dollars even further during these difficult times,” said Marc Joseph, founder and president [of] DollarDays.

DollarDays has over 1.5 million registered users and ships bulk items by the case to all 50 states and 30 foreign countries. DollarDays is a web-based virtual warehouse where libraries, schools, churches, nonprofit organizations and business owners can find great deals on more than 55,000 consumer products.

About DollarDays
Founded in 2001, DollarDays is the leading supplier of wholesale goods for nonprofits, businesses and betterment organizations. By sourcing affordable products, backed by exceptional service and meaningful community engagement, we strive to inspire and empower our customers to accomplish their missions to improve the lives of people around the world. Recognized as the City of Phoenix Mayor’s Office “2018 Product Exporter of the Year” and Internet Retailer Magazine’s “B2B E-commerce Marketer of the Year” for 2016 and 2017, DollarDays is headquartered in Phoenix, Arizona. For more information, visit www.dollardays.com.

Premier Online Wholesaler DollarDays Chooses Didit as Search Marketing Agency of Record

Didit, the Inc. 500/Deloitte Fast 500 leader in search engine marketing, is pleased to announce that DollarDays, the premier online wholesaler and closeout company, has become the newest member of Didit’s client roster.

DollarDays cites Didit’s expertise in driving efficiencies at even the most granular levels as a critical factor in its transition to Didit. Didit’s emphasis on efficiency, explains Marc Joseph, President and CEO of DollarDays, fits with DollarDays’ own approach to business.

“At its core, DollarDays is a business focused on helping clients by offering the best value for every dollar spent on any item we offer,” says Joseph. “We look for the same commitment to driving efficiency, down to the level of each individual transaction, in our own corporate partners. In Didit, we’ve found that partner for search engine marketing.”

In particular, Joseph cites Didit’s record of success in pinpointing the right keywords for clients to buy, its sophisticated targeting capabilities, and Didit’s proprietary real-time optimization technology.

“Helping our clients get the most from their budgets is and has always been central to the Didit corporate DNA,” says Didit President Dave Pasternack. “That efficiency is something we strive for, whatever the economic environment. We’re truly excited about our new partnership with DollarDays, a business that shares this philosophy with us.”

DollarDays comes to Didit from a prior relationship with a different search marketing firm.

About DollarDays
Founded in 2001, DollarDays is the leading supplier of wholesale goods for nonprofits, businesses and betterment organizations. By sourcing affordable products, backed by exceptional service and meaningful community engagement, we strive to inspire and empower our customers to accomplish their missions to improve the lives of people around the world. Recognized as the City of Phoenix Mayor’s Office “2018 Product Exporter of the Year” and Internet Retailer Magazine’s “B2B E-commerce Marketer of the Year” for 2016 and 2017, DollarDays is headquartered in Phoenix, Arizona. For more information, visit www.dollardays.com.

Dotcom-Monitor Wins DollarDays’ Continued Loyalty with Reliable Website Performance, Customer Satisfaction

Dotcom-Monitor, […] a trusted industry provider of a unified suite of advanced yet affordable externally-hosted network & IT monitoring services, today announced that DollarDays, a premier Internet-based product wholesaler, has selected Dotcom-Monitor for its fourth consecutive year, continuing the businesses efforts to build entrepreneurs and small-business owners into a competitive powerhouse against large enterprises.

DollarDays is a leading B2B online wholesale distributor of more than 45,000 high-quality products. The company’s unique, innovative business model enables small-business owners to offer quality merchandise free of membership while reaping the same kinds of discounts and margins routinely offered exclusively to the largest retailers. Small businesses can also take advantage of DollarDays’ Distributor Program, which includes website creation and maintenance to help drive new virtual warehouse business.

“As an online retailer, our business performance begins to suffer any time our site exhibits 5 seconds of delay in response time for our web applications, which can significantly impact our overall numbers,” said Marc Joseph, founder and president of DollarDays International. “A delay in response time can also precede website downtime, which has serious repercussions for our business. We were one of the first to start using Dotcom-Monitor’s services for the competitive advantage it gives our business and have stayed a customer for the reliable performance and alerts that have now become our lifeline.”

Dotcom-Monitor monitors millions of tasks every day on behalf of 7,000 customers worldwide. It provides monitoring solutions for a wide variety of systems and applications, including […] secure website monitoring (HTTPS), […] performance check[s], cookie support, […] video streaming monitoring , e-mail servers (SMTP/POP3), domain name servers (DNS), file transfer protocol (FTP) server[s], […] routers/firewalls, […] media streaming (video and audio), and DNS blacklist monitoring.

“We are proud to continue our long-standing partnership with DollarDays, and we’re equally proud of our contribution towards achieving the unbeatable website performance and reliability they deliver to their customers,” said Vadim Mazo, founder and CTO of Dotcom-Monitor. “Website performance is a business-critical requirement in the e-commerce industry, and Dotcom-Monitor is well-positioned in that arena with a highly advanced monitoring service portfolio, but at a price point that averages one-third the price of our closest competitors.”

About DollarDays
Founded in 2001, DollarDays is the leading supplier of wholesale goods for nonprofits, businesses and betterment organizations. By sourcing affordable products, backed by exceptional service and meaningful community engagement, we strive to inspire and empower our customers to accomplish their missions to improve the lives of people around the world. Recognized as the City of Phoenix Mayor’s Office “2018 Product Exporter of the Year” and Internet Retailer Magazine’s “B2B E-commerce Marketer of the Year” for 2016 and 2017, DollarDays is headquartered in Phoenix, Arizona. For more information, visit www.dollardays.com.

How the Web Offers an Edge to Small Closeout Retailers

“[Sixty-six percent] of independent stores opened their doors after large retail chains moved into their local communities, and 50% had the confidence to do so because of plans to offer unique items,” said Marc Joseph, President of DollarDays, who presented the survey results last week at the Internet Retailer Conference & Exhibition 2008 in Chicago.

“To find these unique products, retailers can look to the Internet,” Joseph told attendees at the session, “Product Sourcing: The Web’s Important Role for Retailers.”

“The Internet has evolved to make it easier for businesses to find wholesale suppliers,” said Joseph. “Many suppliers and wide assortments of goods can be found at such wholesale portals as WholesaleCentral.com, CloseoutCentral.com, GoWholesale.com, Wholesale411.com, TopTenWholesale.com, GetThatWholesale.com, WholesaleHub.com and WholesaleGopher.com.

“Small- and midsized retailers have certain advantages over big retailers in that they can work with small manufacturers that produce unique items, and because they can buy lots of closeout merchandise that may be too small for large retailers,” Joseph said.

“When buying closeout items, retailers should beware of counterfeit merchandise. Deal only with reputable vendors and be willing to turn down merchandise that is priced unreasonably low,” Joseph said.

Original article here: https://www.digitalcommerce360.com/2008/06/19/how-the-web-offers-an-edge-to-small-closeout-retailers/

How to Win the Battle of the Apparel Brands

Today’s apparel environment is tougher than ever for brands. According to a new report from About Style, reasons include a proliferation of brand names, fierce competition from retailers with their own private labels, smarter consumers, the consolidation of department stores, mass retailers redefining themselves, luxury designers creating for mass markets, more and more people shopping luxury, and the growth of the discount sector.

All add up to one stark fact: those brands that communicate their message to the consumer directly and clearly, and in a way that means something to each individual consumer—something that resonates with their value set—will rise to the top.

In its annual report on the state of the branding industry (“The Global Branding Report: 2007 Edition”), About Style has compiled a list of the top eight success factors for successful global apparel brands.

These themes are common threads among the best apparel industry players, and they are must-haves for future success. To make a brand stand out in a sea of similar labels, marketing messages and shopping experiences, apparel brands must do the following:

Innovate, innovate, innovate

At the end of the day, everyone wants what’s new and different. The same goes for consumers when shopping for fashion. The more options you give, the greater your chance of building a strong, loyal relationship that your consumer will find fulfilling and necessary, mostly because you are one step ahead of filling her needs. This doesn’t mean flooding the market with arbitrary apparel options, but rather well-researched, thoughtful choices that speak to your consumer. To keep her interested, her options must evolve constantly.

Consistency

“Consistency is king,” says Marc Joseph, CEO of DollarDays and author of The Secrets of Retailing…or How to Beat Walmart. The best way to maintain loyalty is to wow consumers with the complete shopping experience and continue to meet and beat expectations every time they shop. The secret is determining how to do this in your particular world for your very unique shopper. Your consumer will not want the same experience from you that she can get from anyone else.

Your key is to determine the set of values that your particular consumer expects from you, then deliver upon your promise at each and every consumer touchpoint.

Keeping that edge

If your customers can predict your offerings, you’re off base. According to America’s Research Group founder Britt Beamer, one of the main reasons brands fall off track is that they have lost track of their consumer and become tired and boring in the eyes of their shoppers. If you can stay ahead of what your consumer wants and help her determine her needs, you will succeed in keeping her compelled and loyal.

Strong brand message

Your brand message should resonate with consumers at all touchpoints. Everywhere your consumer meets your brand, you should have a strong, solid presence that reinforces your message in a way that is unique to your label. You will round out the consumer experience and foster a sense of loyalty that only comes from being present, available and relevant to your core shopper. This consistency must exist across all channels, from [w]eb to store to [catalog]. Each touchpoint should look, feel and sound like your brand. Your associates should also be extensions of this message.

Keep the sales associates informed

Make sure that the people who sell your brand are well-versed on the brand message and provide consumers with the ultimate shopping experience. Make the consumer experience seamless, easy, efficient and exciting—not just through design and offerings, but also through information. Associates should be able to help consumers make smart choices about what they buy. Even more, they should develop relationships with consumers [that] build trust and loyalty.

Multimedia marketing approach

Nearly two-thirds of consumers turn to television advertising for information, according to Beamer. This suggests that solely focusing on print may cause you to miss out on a key channel for connecting with your consumer. For the younger generations, technology is an even greater method of communicating—from cellphones to virtual reality. Your brand should exist on all platforms that your consumers exist and speak to them in the way that shows you understand their world.

Strong global branding

In order to expand internationally, a brand must be strong with a clear-cut message that breaks through geographical, cultural and demographic differences. How does one characterize a strong brand?

“A strong brand is credible, unique, sustainable and highly valued in the customer’s mind,” says Sandra Forsythe, PhD, Wrangler Professor, Consumer Affairs, at Auburn University in the United States. “Moreover, a brand that is emotionally engaging and stimulates the consumer’s relationship with the brand will be more likely to succeed internationally.”

Flexibility and adaptability

Today’s brands have a tougher competitive market than just five years ago. This is especially true with today’s highly distractible shopper, who is being tempted all the time.

“Brands were more likely to communicate a consistent brand image, had more built-in consumer loyalty and were more sustainable,” says Forsythe. “Today’s brands must be extremely flexible […], relevant to the consumer, and able to provide fast impact and an emotional attachment.”

The bottom line is that today’s brands should be customer-centric at every single point of consumer relationship. Brands should be flexible, consistent and evolutionary. Consumers want what’s new and fresh, but they also want to be spoken to in a language and message they’ve come to recognize and expect from their favorite brands.

It’s a tricky balance to stay on trend but evolutionary—i.e., to stay focused on promise but deliver what’s new and interesting. The good news is that it’s been done before by top brands. Those who choose to embrace the principles above will follow a similar path to success.

Original article here: https://www.just-style.com/analysis/how-to-win-the-battle-of-the-apparel-brands_id98053.aspx

Nonprofits Use New Online Wishlist Registry to Request Much-needed Items

Charitable organizations with 501(c)(3) status can now create online wishlists of necessities so donors can buy exactly what their favorite organization needs. DollarDays, a premier Internet-based product wholesaler to small businesses, local distributors and nonprofit organizations, launched the online registry for nonprofits to provide people another way to give to a cause.

Similar to a bridal or gift registry, the site allows charities to list their needs—from dog bowls and linens to office supplies, clothing and more—that can be purchased at a reduced cost through DollarDays. DollarDays has more than 30,000 items available at wholesale prices.

“People are generous but also […] worried how their cash donations are being spent,” said Marc Joseph, CEO of DollarDays. “By creating a registry, the charities get exactly what they need, and those who want to give can see exactly where their money is going.”

According to DSD Management Fundraising Services, [from] 2000 to 2004, the number of nonprofits increased 23%, but the amount of money donated by individuals decreased 2%.

More than 50 nonprofits nationwide are currently using the DollarDays wishlist. One of the first to implement the wishlist was [t]he Arizona Animal Welfare League, which is Arizona’s oldest and largest no-kill shelter. Each year, the organization adopts out approximately 2,400 animals and provides education programs for children and adults.

“Using the DollarDays wishlist gives our supporters and donors the opportunity to buy products that directly help our animals and our shelter operations. As a nonprofit organization that operates entirely on private donations, this is an easy way for our supporters to help us meet our everyday needs,” said Claire Simeone, Community Relations Manager [for the] Arizona Animal Welfare League. “This is great idea that many other nonprofit organizations could benefit from.”

Another organization benefiting from the wishlist is Cradles to Crayons, a Massachusetts-based organization dedicated to providing poor and homeless children everyday supplies for life.

“DollarDays gets what we do and continually makes it easy for us to maximize our purchasing dollars,” said Jim Stevens, President [of] Cradles to Crayons. “Our DollarDays Charity Wishlist partnership enables us to make direct appeals to donors who like to know exactly what their donation provides. It gives our donors choices and maximum value.”

Joseph had the idea to create the registry in the days following [Hurricane] Katrina. Government agencies, church groups and individuals used DollarDays to buy items such as diapers, clothes and other basic merchandise […] for the hurricane victims.

“The people I spoke with days after Katrina said they felt safer and more comfortable buying necessities then sending a check,” said Joseph. “They knew that their items would get to the charity and to the people who needed it most.”

According to the FBI, before Hurricane Katrina even hit land, domain names were being bought up by scam artists, and there were more than 4,000 Katrina-related websites that popped up in the aftermath of the disaster.

Joseph adds, “The charities manage their registry so it’s legitimate and current. Charities always need items, whether it’s for the people or animals they are helping or administrative goods to keep their organizations working. Whether it’s money or merchandise, every donation helps.”

According to the American Institute of Philanthropy, a nonprofit watchdog and information service that grades national charities, philanthropies receive high grades for putting 75% or more of donated funds toward program goals while keeping their fundraising drives and overhead below 25%.

Since DollarDays is a wholesaler, the public can buy items off the charity’s registry at wholesale prices, so they are actually getting more for their dollar. DollarDays carries more than 30,000 items ranging from decorative items and clothing to personal care products and office supplies.

About DollarDays
Founded in 2001, DollarDays is the leading supplier of wholesale goods for nonprofits, businesses and betterment organizations. By sourcing affordable products, backed by exceptional service and meaningful community engagement, we strive to inspire and empower our customers to accomplish their missions to improve the lives of people around the world. Recognized as the City of Phoenix Mayor’s Office “2018 Product Exporter of the Year” and Internet Retailer Magazine’s “B2B E-commerce Marketer of the Year” for 2016 and 2017, DollarDays is headquartered in Phoenix, Arizona. For more information, visit www.dollardays.com.

DollarDays Reports Highest One-month Sales Increase

DollarDays, the Internet’s leading product wholesaler to small businesses and local distributors, today announced the highest one-month sales increase in the company’s history.

DollarDays reports July 2006 revenues increased 96% over July 2005 revenues, setting a new one-month record. In addition, orders increased 80% in July 2006 over July 2005. Over the past year, more than 320,000 new customers have registered on the site.

DollarDays is an online wholesaler that provides more than 30,000 products in small caseloads to help small businesses compete against large retailers and chain stores.

“Small businesses are the core of the American economy, and DollarDays helps these companies succeed,” says Marc Joseph, CEO of DollarDays. “We provide a variety of products at a great value, but we also provide merchandising assistance and overall stellar customer service. We look forward to additional growth as more companies learn about us.”

As a result of its tremendous growth, DollarDays made its debut at No. 158 on Inc. Magazine’s 500 list of fastest-growing private companies.

According to the publishers of Inc., “[T]hese companies are where the action is—they’re leaders with cutting-edge business models whose rapid growth shows that they figured out how to meet the most pressing needs of today’s economy.” In addition, “[D]ata from investment research firm Morningstar shows that only 33 publicly traded U.S. companies show three-year revenue growth higher than the 500th company on this year’s list.”

Earlier this year, […] DollarDays also was named one of 50 second-stage Arizona “Companies to Watch” by the Arizona Small Business Association.

About DollarDays
Founded in 2001, DollarDays is the leading supplier of wholesale goods for nonprofits, businesses and betterment organizations. By sourcing affordable products, backed by exceptional service and meaningful community engagement, we strive to inspire and empower our customers to accomplish their missions to improve the lives of people around the world. Recognized as the City of Phoenix Mayor’s Office “2018 Product Exporter of the Year” and Internet Retailer Magazine’s “B2B E-commerce Marketer of the Year” for 2016 and 2017, DollarDays is headquartered in Phoenix, Arizona. For more information, visit www.dollardays.com.

Survey Results Show Increased Gas Prices Hurting U.S. Small Businesses; Owners Seeing Change in Revenues

More than 85% of small-business owners polled expect a change in revenue as a result of increased […] gas prices, with most of those already feeling the pinch, according to a survey conducted [by DollarDays] throughout the month of May.

DollarDays is a premier Internet-based product wholesaler to small businesses and local distributors. The poll was featured on DollarDays.com and in the company’s online newsletter. The company frequently polls its customers about topical issues.

According to the results, 86% expect a negative effect on their revenue as a result of increased gas prices, with 71% already seeing a change. Eighty-three percent say they are very concerned about how these prices will effect their bottom line, and 86% say it’s getting harder to be a small business.

According to AAA statistics released at the end of May, gasoline prices are at a record $2.93 nationally, 34% higher than a year ago.

“Gas prices are already outrageous, and we’re headed into the summer and hurricane months where prices typically increase, so it’s no wonder that small-business owners are worried,” said Marc Joseph, President and CEO of DollarDays and author of “The Secrets of Retailing…or How to Beat Walmart.” “Small businesses are the backbone of the economy, so we’re helping our clients to better merchandise and market their companies to make up for decreased revenues. It’s a scary time.”

Survey results include:

  • 31% of small-business owners will have to lay off employees if their revenues continue to change, while 64% say they won’t;
  • 5% of employers are offering financial supplements to help their employees as a result of increased gas prices, while 93% aren’t;
  • 55% of the businesses will suffer if tourism decreases, while 43% will be okay; and
  • 71% of small-business owners have changed their personal travel plans as a result of gas prices.

Joseph encourages small retail stores to carry desirable and high-margin items to help increase profit. In addition, he highly suggests that small retailers offer their customers a website where they can buy items so that customers can shop without having to drive.

“Online stores are a great way for consumers to save money since they don’t have to pay for gas to drive to the store,” said Joseph. “It’s also smart for retailers, as they can expand their sales beyond their neighborhood.”

About DollarDays
Founded in 2001, DollarDays is the leading supplier of wholesale goods for nonprofits, businesses and betterment organizations. By sourcing affordable products, backed by exceptional service and meaningful community engagement, we strive to inspire and empower our customers to accomplish their missions to improve the lives of people around the world. Recognized as the City of Phoenix Mayor’s Office “2018 Product Exporter of the Year” and Internet Retailer Magazine’s “B2B E-commerce Marketer of the Year” for 2016 and 2017, DollarDays is headquartered in Phoenix, Arizona. For more information, visit www.dollardays.com.

DollarDays Named an Arizona Business to Watch

DollarDays, a premier Internet-based product wholesaler to small businesses and local distributors, was named one of 50 second-stage Arizona companies to watch by the Arizona Small Business Association (ASBA) and the Edward Lowe Foundation, a not-for-profit […] foundation whose mission is to “champion the entrepreneurial spirit.” An award was presented to DollarDays’ CEO, Marc Joseph, at a gala at the Arizona Biltmore Hotel. This is the first time the ASBA has presented “Company to Watch” awards.

“It’s an honor and achievement to be named a ‘Company to Watch,'” said Joseph. “DollarDays is growing rapidly, and, although our customers are worldwide, we’re helping to grow the Arizona economy, and we’re proud of that. We expect continued growth at a record pace.”

“I am pleased and proud to congratulate this inaugural group of 50 ‘Companies to Watch’ in Arizona for 2006. These vital businesses are growing second-stage companies and are key components of the engine that drives our economy forward. They create new, sustainable jobs each year, and they are innovators that are willing to take significant, but calculated, risks to produce new products and services,” said Arizona Governor Janet Napolitano.

The defining characteristics of second-stage enterprises for the Arizona Companies to Watch program are annual revenue or working capital of between $1 million and $100 million, 10 to 100 employees, and the “intent and capacity to grow.” Second-stage companies are past the startup phase; are generally concerned with issues of growth, not survival; and have not yet become large corporations. Such enterprises are important economically because they create a substantial portion of the net new jobs each year.

More than 280 companies were nominated or applied for the award. Of those companies 108 were selected by the Edward Lowe Foundation and ASBA for the next round of judging. In early April, 12 appointed judges selected the final 50.

About DollarDays
Founded in 2001, DollarDays is the leading supplier of wholesale goods for nonprofits, businesses and betterment organizations. By sourcing affordable products, backed by exceptional service and meaningful community engagement, we strive to inspire and empower our customers to accomplish their missions to improve the lives of people around the world. Recognized as the City of Phoenix Mayor’s Office “2018 Product Exporter of the Year” and Internet Retailer Magazine’s “B2B E-commerce Marketer of the Year” for 2016 and 2017, DollarDays is headquartered in Phoenix, Arizona. For more information, visit www.dollardays.com.