How to Create a Wholesale Marketing Strategy
Although it may seem simple, your business’s niche and current industry trends can affect your ability to accrue new customers. That’s why having an effective wholesale marketing strategy is so crucial to your business’s success.
Often, the term “marketing” can seem less effective when compared to fast sales tactics. However, investing in a wholesale marketing strategy will help you to attract customers in the long-term. This will lead to more consistent sales overtime.
When you start a wholesale marketing plan, you should focus on several smaller tactics that, together, create a continual, profitable flow. By creating a succinct strategy, you’ll be able to get desired results, without pushing potential patrons away. With that in mind, here are a few wholesale marketing ideas you should consider.
4 Tips for Creating a Wholesale Marketing Strategy:
1. Get Active on Social Media
There are many ways to use social media platforms to reach your ideal customer base. These include both sponsored and organic efforts.
For instance, on the organic side, you can consistently post to your company’s Facebook, Twitter, Instagram, and LinkedIn profiles. These posts can include information about your wholesale products and prices, open job positions, and relevant industry articles.
Another way to utilize organic social media marketing is to join, create, and post in social media groups. In LinkedIn and Facebook groups, you can connect with retail store owners, fellow wholesale suppliers, and others in your target audience. This can allow you to earn new customers, while also networking with other industry professionals.
If you have money that you can allot for paid social media efforts, create sponsored posts. When you craft this content, you can tailor it your target audience. Plus, you can target specific demographics, such as age, geographic location, and occupation.
Remember, marketing is a process, and often a slow one at that. By gathering information about your customers’ interests and needs, you can make long-term investments in your wholesale business.
2. Create a Company Website
Like joining social media groups, you can start a website to give patrons information about your wholesale products. This will help you sell your products to patrons by giving them all the information they need on your website.
When creating a company website, you should ensure that the design, content, and navigation reflects your brand. If you or your employees aren’t experienced with web-design, consider using some of your marketing budget to hire a designer.
Below, you’ll find a few suggestions of pages and features that you should include on your company website:
- Product Pages: On these pages, you should include your wholesale prices, photos, and reviews of the wholesale items that you sell. In addition, you might want to give website visitors to place orders through your site, from these product pages.
- Contact Page: Make it easy for visitors to contact your company. On this page, you can include company phone numbers, email addresses, and links to your social media profiles.
- Company “About Us” Page: Most customers want to feel a personal connection to the businesses they work with. On your website, you can use your “About Us” page to provide the origin story of your company. In addition, you can share your company values and how you strive to serve your customers.
- Email Subscription CTA: You can also place a subscription CTA on your site to gather email addresses from website visitors. By doing this, you can send them personal email newsletters and special offers that you don’t share anywhere else.
3. Advertise Locally
It’s important to never undervalue the power of a more intimate relationship with your customers. When using the Internet, the best way to create that personalized feel is through email marketing. In addition, many wholesalers find that listing their business in an industry directory can help attract customers. But let’s step away from the Internet for a moment.
Advertising in your local, geographic area is a great way to attract your target audience. For example, you can try cold calling, canvassing, or any in-person networking tactic. Also, you can place ads in local newspapers or business to business (B2B) magazines. Anything you can do to spread the word about your wholesale business is usually well worth the investment!
4. Send Direct Mail
Sending direct mail is a timeless wholesale marketing strategy. It remains a popular tactic, even in today’s extremely digital society. This is because it lessens the chance that your advertisement will reach the wrong customers.
Wholesale distributors know there is a risk that your advertisements can attract people who aren’t authorized retail businesses. If that person decides to use your wholesale discounts, it can ruin the relationship you have with your middle-man (retailers). By sending direct mail to specific office addresses, you make sure the advertisement reaches your targeted customers.
Conclusion: Invest in Your Wholesale Marketing Strategy
Every successful wholesale business owner relies on marketing tactics that collectively create a solid strategy. Wholesale distribution is no different. By selecting ideas that fit your brand, you can build your own strategy to find and attract your ideal customers.
Editor’s Note: This post was updated for accuracy and comprehensiveness in September 2019.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.