According to a U.S. Census Bureau report, in April 2018 the sales of merchant wholesalers were $493.3 billion, up 7.8 percent from the same time last year. As the wholesale industry grows, your business has an opportunity to grow with it. One way to do this is to hire additional employees that can help you expand your business.
If you’ve recently received a wholesale business loan, you’re probably wondering how you can best utilize it. You applied for a loan because you knew you were ready to improve your business, but knowing exactly how to prioritize these funds can seem a bit overwhelming.
As a wholesale distributor, you probably rely on a group of retail customers to buy your products and provide income to your business. Depending on your niche and the current trends in the marketplace, you might struggle at times to continuously find and accrue new customers.
The most romantic holiday of the year is around the corner! While many people are worried about whether or not they’ll have a special someone to spend the day with, you should be focused on how your small business can earn sales during this holiday.
If you run a wholesale business, chances are you’re frequently looking for new retail customers to work with. Although it is likely that your main goal is to generate as many sales as possible, you should be strategic about the retail clients you on-board.
If you want to grow your wholesale business, consider pursuing additional working capital! In this post, we’ll explore five ways you can utilize wholesale business loans in order to elevate your services, grow your customer base and stand out against competitors.
The wholesale business typically buys materials or products from their network of manufacturers in bulk. Once they have purchased product they then have the capability to sell to smaller businesses at a lower cost than if going straight to the manufacturer.
The e-commerce industry has grown by leaps and bounds in recent years. As this industry continues to grow, so do the wholesalers behind them. Find out how the two industries can work together successfully.
