Tag: wholesale

3 Ways to Upgrade your Classroom Teaching 2021

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We love helping students feel prepared and ready for school with high-quality school supplies. But maybe even more important is helping teachers. Teachers are the backbone of schools serving as mentors, disciplinarians, and encouraging cheerleaders for their students. Teachers have an incredibly difficult job ensuring that students feel safe and comfortable, making learning engaging and accessible, and maintaining good relationships with families and staff.

DollarDays is proud to help teachers with essential school supplies to upgrade their classrooms and teaching. We love being an affordable option with hundreds of choices for teachers across the country. When teachers are prepared, they can better help their students so that everyone is successful.

We’ve got three tips for teachers to upgrade their classrooms and set them up for their best year yet.

1. Make a plan and set some goals.

Make a plan for how you will start the year and set some goals to hold yourself (and your students) accountable. According to the National Education Association, setting classroom goals is just as important as your own individual goals. “Working together toward a goal — such as a holiday project to help a needy family, a class trip, or a class party at the end of the year — can help develop class spirit.” Goal setting is a great way to start the year on a positive note.

Remember, this should be unique to your new class. Even veteran teachers sometimes need a reminder that every class and every year is different. What worked last year (or for the last few years) may not necessarily work this year. Give yourself time to adjust to the new group of students in your class. This could take a couple of days or weeks as students get used to one another and the new teacher in charge.

2. Be prepared for your classes.

Classrooms packed with 20 to 30 students to demand organization. Knowing you are prepared for all those bodies with essential back-to-school supplies will have you feeling cool, calm, and confident when that first bell rings.

Having systems in place for collecting homework and making sure lessons plans run smoothly is easy with DollarDays. Ensure no papers get lost between school and home with these pocket folders in a rainbow of colors. Be sure to stock up on Expo markers and personal dry erase boards so everyone can get in on the learning action.

You’ll find everything from teaching tools like flashcards and workbooks to classroom decorations to rewards and incentives to classroom decorations — all at affordable wholesale prices in DollarDays’ Back-to-School shop.

3. Understand the value of rest.

One of the best teaching tips from veteran teachers is to be sure to get enough rest. Keeping up with a classroom of energetic kiddos is tough! Unwind from a long day on your feet with a relaxing bath bomb bubble bath. Or, Netflix and chill with an adult coloring book. Studies show they are excellent at reducing stress and anxiety, and they can improve sleep and focus. Stock up with our one-of-a-kind collection.

We also love these fun stress balls you can keep at your desk (and share with students who may grow tense in class). You and your students will also love our new poppers. They help relieve stress and make for great rewards for hard work.

Get back-to-school ready with all our bulk supplies aimed specifically at teachers. With a few key items, you’ll be all set to upgrade your classroom and start the year off right.

READ OUR STUDENT PPE BLOG HERE


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Tips for Small Business Owners to Celebrate National Small Business Week

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Starting a small business can be a great way to not only make money but also take charge of your career, do personally fulfilling work, and become your own boss. Starting a business takes time and effort but with a great idea and thorough business plan, it’s not particularly difficult. In fact, in the past four years, the number of small businesses in the US has steadily increased to over 30 million.

While owning and running a small business can be rewarding, there will surely be a few mistakes and headaches along the way. In honor of National Small Business Week, we’re saluting the millions of small business owners with a few tips to keep your business running successfully and the headaches to a minimum.

Ensure You Have The Tools You Need To Succeed
Any smart small business owner will strive to keep overhead costs low but be careful not to cut back so much that you neglect to have the tools you need to succeed. This includes big-ticket items like computers, office space and desks but also smaller office supplies you may be more tempted to forego.

Buying office supplies online in bulk is an excellent way to ensure you have everything you need without breaking your budget. At DollarDays, you don’t have to choose between having all the top-quality supplies you need and making a profit. With our wholesale office supplies, we can keep you well-stocked with everything from organizers to shipping materials to desk calendars and signage.

If you are just coming back to the office after a Covid break, we are also PPE suppliers who can help ensure you have everything you need to work safely and efficiently.

Use Technology Wisely
We are more accessible than ever which can be both a blessing and a curse for small business owners. Don’t fall into the trap of trying to be everywhere and do everything just because you have a phone, laptop, and tablet. Automate what you can – like responding to email contact requests or reminders about an abandoned shopping cart or simple customer service requests. There are several software products that can help you automate certain processes and help you with recording keeping and accounting. Use them to your advantage.

Create Clear Communication
Designating time to catch up with employees or clients can sometimes feel unnecessary but creating clear lines of open communication can save you time in the long run. It helps to keep everyone accountable and sets clear expectations.

With more and more meetings and status updates happening online, make sure you and your employees are well equipped to stay in touch. Whether it’s Bluetooth earbuds, web cameras, or batteries and chargers, DollarDays can keep your communication channels running smoothly.

Set Goals
Setting realistic goals is vital for any small business owner. Once you know exactly where you want to go, you can begin to plot your course to get there. Whether you choose to write them electronically or in a composition notebook or journal, these goals should be both long and short term, and revisited frequently. Do some research on similar businesses to understand what kind of growth you can expect and potential problems along the way. With a detailed ledger of what you hope to accomplish and obstacles in your way, you can begin to take the necessary steps to achieve your dreams.

Create a Network of Support
Owning and running a small business can feel lonely at times but you don’t have to go it alone. National Small Business Week is a great time to explore different groups and networks available in your area or virtually. There are tons of resources and assistance available online. Attending conferences and networking with complementary businesses is another great way to build a community of support.


The Big Deal about Big Box™ School Supplies

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At DollarDays, our goal is to always be the best partner possible for all wholesale needs. Because of that, we often work with schools, nonprofits and small businesses for all kinds of projects and missions. To make things even easier we have our personal line of school supplies called Big Box™.

Shopping online, especially shopping in bulk, shouldn’t be a stressful process. Whether buying for a classroom or for a large service project, many people cannot afford to find all of their needed items individually at retail prices. That’s why it makes sense to have a customer-friendly, wholesale option.

Our Big Box™ line was made to keep things clean, simple and affordable. We are so proud of the quality of our 2020 line and know that these items are perfect for things like schools buying for the upcoming school year or nonprofits assembling outreach kits.

At DollarDays, we know that many are working with limited budgets and that’s why we believe in “stretching your dollars” to make the most impact possible. We invite you to explore our 2020 Big Box™ products and reach out with any questions! We’re excited about the impact these items will have in your community and would love to hear your feedback!

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Honing in on the Perfect Profit Margin

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Business owners need to possess multifaceted skillsets. Not only is it imperative to possess exceptional work ethic and business management skills, but you need to be an excellent writer, a mathematician and a creative thinker, as well. When it comes to finding the ideal profit margin, it requires both excellent mathematical skills and innovative thinking. Here is a guide to help you hone in on that ideal profit margin without zapping your mental energy in the process.

Determine What an Appropriate Profit Margin Looks Like

Small- to mid-sized businesses (SMBs) can anticipate lower profit margins than their big-box competitors due to […] scale. Before honing in a perfect profit margin, you need to determine what an appropriate profit margin will look like based on the size of your business, the number of years in operation and the industry [in which] you’re operating.

While profit margins will vary by industry, Butler Consultants reports that, for retailers, the average profit margin is around 48.46%. By striving for an unrealistically high profit margin, you’ll be driving customers away with unreasonable prices; however, settling for a low profit margin could increase your risk of business failure.

Maintain Low Overhead Expenses

When striving to achieve healthy profit margins, businesses often turn to their pricing to see how they can squeeze more money out of each sale; however, overhead and operational expenses can actually have a tremendous impact on profit margins. [B]efore raising your price tags, examine your business model to see how much you’re spending and how you can reduce costs.

Take office supplies, for example. According to Gartner, the amount of paper produced by companies has been growing by a shocking 25% each year. It’s estimated that businesses spend about $200 per year per employee on office supplies. By finding lower prices on office supplies of the same quality, you can reduce this cost on an ongoing basis [and enable] your business to increase its gross profit margin. Compare the cost of office supplies among a variety of suppliers to ensure you’re getting the best price available.

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Partner with Top Wholesale Suppliers

When choosing a wholesale supplier, price should certainly be a primary concern; however, you need to consider other factors that will influence business performance and productivity, ultimately shaping your overall profit margin. How easy is the supplier to work with? Can they accommodate your needs? Are they able to scale their offerings to fit your demands? Do their shipments arrive on time and in excellent condition? All of these will partially contribute to the gross profit margin of your business, so it’s important to take all of it into account when choosing the right supplier.

DollarDays Puts Customers First, Encouraging Business Growth

At DollarDays, our primary concern is customer satisfaction. We understand that, in order for your business to thrive, it depends largely on the performance of the suppliers you partner with. We take our commitment to customer satisfaction seriously by offering the lowest prices possible on all of our merchandise and ensuring we are well-stocked to accommodate orders of varying sizes. Contact us today, and talk to us about your needs from a wholesale supplier.

Original article here: http://globalbizcircle.com/honing-perfect-profit-margin/

5 Red Flags Signaling the Need for a New Wholesale Supplier

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Every business owner knows the importance of a quality supplier. The supplier forms the very foundation of the business, providing you with a vast selection of quality merchandise, partially determining your profit margin and ensuring your shelves are always stocked. With the wrong supplier, your business will suffer, and keeping your doors open will feel like a perpetual challenge. Here are some signs that your wholesale supplier isn’t a good fit.

  1. Your profit margin is struggling. Settling on an appropriate profit margin is always a challenge for business. You need to keep prices high enough that your own profits are healthy, but prices need to remain low enough to compete with other businesses in the area. If you’re struggling to find a balance that’s conducive to business success, the problem could be your supplier. If your wholesale supplier is charging too much for merchandise, it will be impossible to maintain healthy profits while ensuring your prices are reasonable for customers. You need a wholesaler who puts your profits first by offering the lowest prices possible on high-quality merchandise.
  2. Your customers are complaining. Have you noticed an increase in customer complaints? If customers are routinely expressing concern over the quality of your merchandise, then you may need to find a new wholesale supplier. A great supplier is one that provides excellent merchandise at fair prices, and if customers are regularly irritated at the lack of quality, then this is a major red flag.
  3. Your shipments are late. To operate a business successfully, you need to streamline your inventory management so supplies are always ordered on time and always arrive when needed. If your shipments arrive late, it throws off countless aspects of business, making it difficult for employees to do their job and leaving a bad impression on customers. A shipment may be late every once in a while if items are out of stock or if weather is bad; however, if your shipments are perpetually arriving late, it may be time to find a new supplier who takes their deadlines seriously.
  4. They’re calling all the shots. As a business, you are the supplier’s customer, and it’s their job to take you seriously. You need a supplier who’s willing to work with you and can continually meet the commitments they’ve signed up for. If they’re routinely out of stock of the items you need, if their pricing is constantly fluctuating, or if their shipments are inconsistent, this is a huge red flag that the supplier isn’t the right fit for your store.
  5. They offer poor customer service.You need a supplier you can communicate with and that’s available to hear your concerns. You need someone who will perpetually be in contact and update you about the status of your orders. If communicating with your wholesaler feels like pulling teeth, then you’ll end up doing more work than necessary to ensure your shipments arrive as expected. It’s time to find a supplier who offers the customer service you need.

The supplier you choose for your store can greatly improve your ability to operate your business effectively. With the right supplier, you’ll be able to meet your own deadlines more efficiently and remain on top of inventory management. […]

Original article here: http://globalbizcircle.com/wholesale-supplier/

Wholesale & Distribution International: Spotlight on DollarDays

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The Internet has made it possible for individuals to connect with libraries halfway around the world or tour historic landmarks through a video feed, effectively democratizing information and resources that used to be restricted to a select few. DollarDays‘ founder and CEO, Marc Joseph, says his company does the same for small retailers, making it possible for them to compete with the large chains and connect with major manufacturers and brands in a way that simply wasn’t possible for them 15 years earlier. 

Joseph says he founded DollarDays in 2001 because he and his partners understood the potential for the Internet to become the next significant channel of distribution. This would be especially true for small businesses, which didn’t have the same resources as large-scale retailers. In the past, manufacturers would send salespeople out to visit retailers of all sizes, but in today’s marketplace, most major manufacturers have deemed it unnecessary, leaving the smaller retailers out in the cold with big manufacturers and distributors. “If you’re a small business in today’s world, where are you going to find products?” Joseph says. 

DollarDays is a leading wholesaler of a wide assortment of products serving a customer base that includes smaller distributors, as well as mom-and-pop retailers competing against big-box stores like Walmart and Target. Joseph says the company supplies its customers not only with the everyday goods they need, but [with] a healthy selection of seasonal and closeout products, as well. DollarDays has more than 300,000 SKUs available for its customers, Joseph says, making it indispensable for those smaller retailers. “Basically, we are a one-stop shop for these small businesses,” he says. 

Face to Face

Joseph says customers turn to DollarDays for its incredibly broad assortment and competitive prices, but there’s another piece of the puzzle that is just as important for its customers. DollarDays’ internal sales team is just as much a selling point for customers as the company’s selection and prices, Joseph says. 

Although the convenience of being able to order product from the Internet 24 hours a day and seven days a week certainly is appealing for smaller retailers and distributors, Joseph says nothing can take the place of having dedicated salespeople available to answer questions and help customers with their orders. “What they do is actually work with our customers,” Joseph says, adding that these salespeople are able to connect with customers at any time and from anywhere through the Internet. “They’re taking the place of the guy who used to sit on the other side of the desk with these guys.”

Cutting Edge

The company’s reliance on technology means DollarDays has to stay on the cutting edge of the industry. Joseph says this is especially true because of the increasing number of wholesalers that utilize the Internet as a means of reaching out to customers and fulfilling their orders. As the wholesaling industry starts to become fully aware of the impact the Internet can have on its business, DollarDays is working hard to keep up with the latest trends and adapt to the major changes taking place in the industry.

One of the most significant of these changes and trends is the shift to mobile communication. As smartphones and tablet computers become more and more commonplace, customers are freed from being tethered to their desks, but websites need to be optimized for touchscreens and mobile data connections as a result. “What that means is all of a sudden, not just everyone is sitting in front of their computers anymore—it’s all mobile,” Joseph says. “The way for people to shop on the Internet has evolved, and so we’ve evolved along with it.” 

That evolution includes the use of social media as an outlet for reaching out to customers. Joseph says the use of platforms such as Facebook and Twitter makes it easier for DollarDays to connect with its customers in a way that conforms to their individual schedules. “That has changed the way that customers perceive how a business interacts with its customers,” Joseph says, adding that DollarDays has accounts [across a number of social media channels] as [a] means of promoting the company and communicating with customers. 

Connecting with customers has been a major focus for DollarDays over the last few years, and Joseph explains it is something the company pays close attention to every day. With a deep understanding of the marketplace and its wide selection, Joseph says, DollarDays is poised to continue holding onto its leadership position for years to come.

Original article here: http://wdimagazine.com/index.php/sections/durable-goods/304-dollardays-international

DollarDays Supersizes the Buying Power for Nonprofits, Small Businesses

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The Crunch: Buying wholesale and bulk goods used to be difficult for small retailers, especially those without the big budgets larger businesses wield. DollarDays, a premier online wholesale distributor and closeout company, extends “the same kind of buying power” to small businesses and nonprofits by buying in bulk themselves and selling products affordably from their inventory. Clients can buy single cases of a product or a single item from over 200,000 goods in stock. Whether you’re buying hats for school fundraisers or purchasing holiday décor to sell in your store, DollarDays offers a wide selection of affordable products that meet the needs (and budgets) of small retailers.

We arrived that day at Casa Shalom, an orphanage nestled on a mountain in Guatemala, with duffel bags of arts-and-crafts supplies for the kids. Hundreds of toddlers, older kids and teens would be coming to the small, blue room throughout the week to make beaded necklaces and other crafts. Buying enough supplies to last the week wasn’t a small task; we had to start saving up and purchasing items as early as the day we got back from last year’s trip. It would’ve been easier to buy supplies from a wholesale distributor, but we couldn’t afford to buy tons of bulk cases. Had we known about DollarDays, the buying process would’ve flowed smoother and, perhaps, saved money that could’ve been spent elsewhere.

There are thousands of small retailers and nonprofits like us that need access to wholesale and bulk goods every day. That’s why DollarDays is so important to the retail community. Known as the “secret weapon” of small businesses, the online wholesale distributor offers over 200,000 high-quality goods in its inventory. Retailers can purchase anything from backpacks to leggings to toothpaste and have their order shipped to their businesses right on time. DollarDays is celebrated for giving small businesses the same kind of buying power that once was only available to big-box retailers.

“Our mission is to provide low-cost products to companies and support nonprofits to stretch their dollar,” said Marc Joseph, the CEO and founder of DollarDays.

A Man’s Vision on How the Internet Would Change Distribution

In 2001, Marc and his business partners saw the opportunity to launch a wholesale-distributing website and pave the way for delivering goods to small- and medium-sized retailers across the country. Big-box retailers could afford to purchase wholesale items in bulk quantities, but, without access to the resources of their larger competitors, it was difficult for small businesses to compete. Marc wanted to level the playing field. His vision allows small businesses to buy bulk goods in smaller batches and give larger retailers a run for their money (literally). 

“We thought the Internet would level the playing field so that small businesses could compete with the chains in their marketplaces,” Marc said. “Initially, we started off to serve small-business owners.”

Fifteen years later, DollarDays has changed the landscape of the wholesale distribution space for the better. Small retailers can buy anything from clothing to household items to beauty products whenever they need them, which makes ordering flexible and easy. 

Simplifying the wholesale-buying process has revolutionized the way small retailers and nonprofits do business. With access to similar resources, small businesses can compete with larger brands and fight for their fair share of customers. 

Small Retailers Can Pick from over 200,000 Goods at Any Time

Let’s say you own a kid’s hair salon called Pearls and Plunder Hair Cuttery Salon. As one of your unique selling points, you reward kids with a prize from the toy chest after they’ve received a haircut. Because you have a small (yet growing) client base, you wonder where you can buy small cases of toys and games without spending an excess amount of money. That’s where DollarDays steps in.

You can head to DollarDays.com, click on the “Toys & Games” tab, then start the peruse the different types of toys available. Your options include buying as few as one toy or purchasing a small case to save money. Once you select all the products you need, you can swiftly complete your order at checkout. Even if you remembered at midnight that you’re running low on supplies, you can place an order right then and there.

DollarDays stands out from wholesale competitors for one simple reason: the company’s flexible ordering system. Retailers have the option to try out a few products without “committing” to buying in bulk. In fact, DollarDays encourages customers to test out different products to see what works for them. If it ends up working out, the customer can then place a bulk order at DollarDays.com, eliminating waste for the retailer.

“We have become a one-stop for any business or association,” Marc said.

Let DollarDays Be “a Secret Weapon” for Your Business or Nonprofit

Even though we’re a small nonprofit with a smaller budget, using DollarDays is a smart way for us to buy all the future arts-and-crafts supplies we need to take to the orphanage. Whenever your small business or nonprofit needs to buy any type of bulk items, shopping at a wholesale distributor [like DollarDays] will help you save money. […]

DollarDays will continue to offer more quantities of low-cost goods to help small businesses compete with larger players in the space. The wholesale company is eager to help your business grow, one bulk case at a time.

Original article here: http://www.dealcrunch.com/blog/dollardays-supersizes-the-buying-power-for-small-businesses/

Do You Really Save Money by Buying Online?

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Trying to save money shopping online can be exhausting. Entire industries have grown up online to help you save money, but you can spend so much time trying to figure out what to do that in the long run, it’s not even worth it to save a couple of dollars.

So Many Options!

For instance, there are several coupon sites you can go to that aggregate coupon codes from online merchants so you have one place to look. Sites like RetailMeNot.com, CouponCabin.com and BradsDeals.com pull together this information so you can take the codes to sites to help save money.

There are rebate sites like Ebates.com and FatWallet.com that give you cash back on all the purchases you make on their deal sites. There are daily deal sites like Groupon.com, LivingSocial.com, NoMoreRack.com and 1SaleDay.com that will inundate your email box with great deals every single day.

You start to add all this up with coupons, rebates, deal-of-the-day sites, etc., and a serious shopper could be spending their entire morning bouncing back and forth trying to figure out where to save that extra dollar.

Now comparison shopping sites like PriceGrabber.com, Google Shopping, Shopping.com and Shopzilla.com have begun to streamline the exercise of shopping by letting you compare the same item on one page with prices from several different selling sites. This is progress for the hurried shopper.

Money-saving Secret

But the hidden secret of the Internet is the emergence of warehouse club sites that take away all the fluff, and, if you are willing to buy in a little bit larger quantities, they truly save you money.

Go to Costco.com; they have thousands of items on their site that cannot only be found in the warehouse club stores and bought online, but many new additional items can be bought just online from them. Look at their brand Kirkland baby wipes and baby diapers. What new family does not need a case of those to survive the week? Their pricing on this high-demand commodity item beats all the coupon sites, rebate sites and even the deal sites.

Go to [the] BJ’s Wholesale Club [website] and find supplies for your home office from recognized brand names like Hammermill Paper, which verifies the better pricing of this newer group of sites that actually do save you money.

DollarDays supplies over 300,000 general merchandise products at wholesale and closeout pricing that falls right in line with these wholesale club sites. Here, the consumer can find all the back-to-school products, health and beauty products, and all the snacks they need to fill their pantries or the clothing needed to fill their closets.

Internet entrepreneurs try to figure out the most efficient way to get you the best deal. That is why lots of ideas are thrown against the wall, and, over time, with a few developing into winners. [T]his will be how Internet shopping sorts itself out to become the most efficient way save money on the products that you really need and want. Will the coupon sites be the winners? [W]ill the rebate sites prevail, or is it the deal sites that rise above the rest? Maybe all three will win—it just depends on what you are looking to buy.

Marc Joseph is the founder of DollarDays, the premier online wholesaler that helps small businesses compete against larger enterprises and nonprofit organizations find the products they need to support their causes.

Original article here: https://www.mint.com/vip-content/do-you-really-save-money-buying-online

The 1M1M Deal Radar 2010: DollarDays, Scottsdale, Ariz.

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DollarDays is an online wholesaler that helps small businesses compete against larger enterprises by offering more than 80,000 high-quality goods at closeout and wholesale prices close to those at which large chains purchase the same merchandise.

The Scottsdale-based company was founded by Marc Joseph, who has worked at numerous retail stores, including Federated Department Stores, Crown Books and Bill’s, a chain of variety stores in Jackson, Miss. He was the general merchandise manager in Everything’s A Dollar stores, based in Milwaukee. Previously, Joseph founded the $5 & $10 Stores chain. He is also the author of The Secrets of Retailing…or How to Beat Walmart, published by Silverback Books.

The idea for DollarDays came when Joseph recognized that the Internet was to become the newest and most efficient channel of distribution for wholesale and closeout products, because it leveled what was a very uneven playing field between big companies and small and medium-sized businesses. Back in 2001, when DollarDays was founded, wholesalers did not understand the Internet as well as they do now, and it took the company considerable effort to convince suppliers to believe in DollarDays and let it use the Internet as an alternative distribution channel.

DollarDays estimates the closeout market alone at $30 billion. Because it offers an assortment of products—all the categories found in a Macy’s, Target or Walmart—DollarDays has become a one-stop shop for businesses. Top target segments include apparel stores, drugstores, discount stores and dollar stores. Goods are sold under 32 main categories ranging from party supplies to clothing to electronics and media. DollarDays carries products from brand-name manufacturers, including Gillette, Fruit of the Loom, Avon, Calvin Klein, Disney, Black & Decker, Tommy Hilfiger, the NFL and Victoria’s Secret, among others.

The beachhead in revenue growth was organic search. Joseph says that 176,000 keywords and phrases drove customers to the DollarDays site in May. It remains an important revenue stream: approximately 75% of DollarDays’ gross sales in 2009 came from organic search engine traffic. Another revenue stream is a subscription program wherein customers pay $49 to join and $15.95 a month for discounts and savings on goods, services and freight. Through the [DollarDays] Distributor [P]rogram, entrepreneurs can clone the DollarDays website [for merchandise]. DollarDays handles all orders and pays the independent site owners a commission on sales generated through that site.

DollarDays has 1.5 million registered customers, and an average of close to 1,000 new customers register each day. According to Google Analytics, there are 600,000 unique visitors a month to the site.

Low barriers to entry mean that competition on the online wholesale segment is intense. DollarDays competes with local wholesalers that may have close relationships with retailers; catalog sellers such as SMC; liquidation e-tailers; online general retailers that offer discounts such as Amazon, eBay and Buy.com; online specialty retailers; and traditional wholesalers such as Costco.

Joseph believes that customers come to DollarDays for five reasons: price, assortment, [no minimum order requirement], the fact that it is open 24 hours a day, and [its renowned] customer service. The inside sales team works with each customer to assure the best assortment for their business.

DollarDays is a public company. In fiscal year 2009, revenues were approximately $12.5 million. Initial funding came from a VC firm, and in 2008, DollarDays did a reverse merger into a public shell. Joseph says the company went public for two main reasons. First, he argues, the Internet can be a scary place for entrepreneurs just starting up. Many of the company’s customers are entrepreneurs and small businesses that are venturing onto the Internet for the first time because they are beginning to understand its value as a distribution channel for wholesale and closeout products. Unless you are a well-known brand, customers don’t know who is on the other side of the computer screen. Joseph says that DollarDays’s going public gives everyone equal access to understanding revenues and business models as opposed to being a “Wizard of Oz” on the Internet. […] The other reason for being public is that it gives DollarDays the stock liquidity to grow the business by acquisition.

The company is looking to raise additional funds for a new consumer site it is launching. It plans to grow by adding more product categories and targeting additional customer segments.

Original article here: https://www.sramanamitra.com/2010/07/21/deal-radar-2010-dollardays/