Our Blog

Before getting into inventory management we have to take a look at what inventory actually means and the different types it can have. We all know what inventory is, the sum of goods that you keep on stock, and inventory management is keeping this stock neatly in order. But of course, when it comes to inventory management, you have to pay attention to many more things than just keeping everything organized. Good inventory management can assist you with several aspects of your business, such as improving your cash flow, optimizing the amount spent on storage and warehousing, and sourcing new wholesale stock. All these factors then affect your ROI (Return On Investment), so inventory management is definitely something you would want to master in your business. If you are keeping track of your inventory in the right way, there are several benefits you can enjoy. For example, increased profit margins decrease excess stock and inventory costs, and also you will be able to oversee your inventory easier that will allow you to work more efficiently.

Carrying overstock inventory is a necessity for businesses operating in the retail industry whether they are eCommerce or brick-and-mortar. Regardless of how carefully you plan your wholesale purchases based on historical data, you might end up with excess inventory. Unfortunately, this can be a serious issue for businesses of any size. In our previous article about wholesale sourcing mistakes and tips, we have already written about the dangers of overstock inventory. If you want to do your best and try avoiding ending up with overstock inventory, head over to that article. But if you already have some overstock that you need to get rid of, do not worry. It happens with all stores, therefore, we created a guide for you on how to deal with overstock inventory. You will also learn how to minimize your losses and sell your stock at a price point where you still make money. This way you will ultimately be able to improve your bottom line.

Breaking into the industry of wholesale buying for your store requires dealing with inventory turnover, calculating wholesale profit margin, and defining product markup, and differentiating between margin and markup, which are somewhat complex processes. Especially if you are a newcomer in this sector, you might encounter some difficulties in trying to grasp the differences between wholesale profit margin and product markup. In this article, we'll discuss wholesale profit margins and mention a few fundamentals to minimize losses. Find out how to calculate wholesale profit margins and find the perfect prices via price comparison, in order to make profits. This is fundamental to understand because, at times, you could experience that certain products don't sell as fast as you expected. Thus, it'll fall to you to make some adjustments to the retail prices of the products you sell. So, knowing how to recognize a good wholesale profit margin will help you make the right choices.

Selling designer clothes from credible sources plays an instrumental role in achieving success in the dropshipping clothing industry. This is particularly important if your business plan has anticipated supplying your store with wholesale designer clothes bought at cheaper prices. There are lots of things you should take into account when buying wholesale designer clothes. You can just decide and buy designer clothes from someone today. The risk of acquiring counterfeit products and selling them without having the necessary legal things covered can get you in trouble. So, what is required to do to be able to buy wholesale designer clothes and resell them? The first question that every newbie in this area of the dropshipping industry asks is the following:

How does wholesale buying work? To build a solid business in this industry, it’s best to inform yourself first, by going through this guide. If you’re planning to start in this industry, you surely have thought about how to supply the products you chose to sell. If you thought about this, that means – you don’t make your products. You might not know this, but wholesale suppliers could be the best source for high-quality products for your online store. Some of them have great offerings and services. You just need to make a deal that would suit you both, and you are set for life. It’s true that many entrepreneurs don’t believe in wholesalers. The reason for that is because it’s hard to find the right wholesale supplier who offers premium services. Therefore, we decided to create this guide for buying wholesale to help you learn the basics and choose your wholesale supplier cautiously. Make sure to read the guide through the end and use our tips wisely while you are choosing the right supplier.

What are stocklots? The term stocklot comprehends ‘Large quantities of consumer goods that suppliers sell in bulk based on quantity or weight’.