The Five-Step Plan for New Retailers to Find the Right Wholesalers

The biggest strength of a retail business, besides a loyal and growing clientele, is a reliable source of supply of quality products. While sourcing products from wholesale suppliers is the obvious solution, finding the right wholesaler and making the right choice of supplies is the real challenge. The best way to go about the business of sourcing supplies is to make a step-by-step plan that starts right from deciding on what to sell to building a reliable supplier base.

The first step, naturally, is to decide on what you are going to sell. This could be a niche category of products, a unique range of products such as designer jewelry or designer evening wear, made-to-order or customized products, or common products with a special USP. Products that you finally decide to procure and sell should be those that are greatly in demand, easy to sell and preferably indispensable to your customers. The basic idea is that you should never be out of business. Small upsets in the economic cycles should not affect your sales. Developing a store for a special range of products along with accessories – a one-stop shop for related products – would help attract good clientele and retain them in the long run.

The second step would be to carry out appropriate market research. An insight has to be gained into the various products that are in demand, the products that are available, the prices and features of the existing products, the changing customer tastes and trends, etc. You need to search intensively online while cautiously watching out for fake and genuine websites. Industry-specific directories may help you find easy access to the relevant suppliers. Moreover, you need to make enquiries in the market as well as directly with the vendors. It is most important that you check out the vendors’ addresses and phone numbers and speak directly to the relevant authorities. Online forums are venues where you can ask questions and get reviews on particular suppliers and their products as well as get good references. Here too, you need to watch out for fake responses and bogus reviews.

The third step, obviously, would be to decide on suppliers from whom the products are to be procured. Products can be sourced from any supplier, but the ideal choice would be a wholesale supplier who offers quality products at reasonable prices under reasonable terms of contract. The suppliers could be wholesalers supplying goods offline or online. Suppliers may be manufacturers or distributors. When you purchase from manufacturers, you are assured of getting the products at the lowest possible prices, as the cost would include only the manufacturers’ margin. However, you may have to make large bulk orders. For orders that are not huge, you may have to approach a distributor. Though rates charged by distributors, as compared to manufacturers, would be higher, you have the luxury of selecting from a wide range of products from a variety of manufacturers. Buying from an online store which supplies a wide variety of products straight from the warehouse would give you the benefits of both. There are online stores that offer quality products online with good customer care and support that guides you through the process of buying. They also replace products or refund your money in case of damage. What’s more, you may get special offers and discounts too.

The fourth step is to contact the vendors and place orders. Before finalizing the order you have to make sure all documents, licenses and permits are in place. The terms of contract, including payment and delivery, need to be clarified. If you are receiving credit facilities, all terms as regards credit amount (total amounts and breakups if any), credit term period (as regards maximum time allowed for repayment), and discounts and penalties (in case of early and late payments respectively) should be understood and agreed upon by both parties.

The fifth and concluding, or rather, ongoing step would be to maintain a cordial and continuing relationship with your suppliers with whom your transactions have been satisfactory. A long, ongoing relationship helps better in negotiating and getting better prices. The suppliers may also be willing to go out of their way to accommodate your requirements. You are ensured of a more and better choice of products to choose from if your supplier deals in a wide range of products. If the supplier is reputed for quality, you may not need to personally check for quality on every purchase made. Overall, a good retailer-supplier relationship will reduce your risks of price, delivery and quality.

The biggest strength of a retail business, besides a loyal and growing clientele, is a reliable source of supply of quality products. While sourcing products from wholesale suppliers is the obvious solution, finding the right wholesaler and making the right choice of supplies is the real challenge. The best way to go about the business of sourcing supplies is to make a step-by-step plan that starts right from deciding on what to sell to building a reliable supplier base.

The first step, naturally, is to decide on what you are going to sell. This could be a niche category of products, a unique range of products such as designer jewelry or designer evening wear, made-to-order or customized products, or common products with a special USP. Products that you finally decide to procure and sell should be those that are greatly in demand, easy to sell and preferably indispensable to your customers. The basic idea is that you should never be out of business. Small upsets in the economic cycles should not affect your sales. Developing a store for a special range of products along with accessories – a one-stop shop for related products – would help attract good clientele and retain them in the long run.

The second step would be to carry out appropriate market research. An insight has to be gained into the various products that are in demand, the products that are available, the prices and features of the existing products, the changing customer tastes and trends, etc. You need to search intensively online while cautiously watching out for fake and genuine websites. Industry-specific directories may help you find easy access to the relevant suppliers. Moreover, you need to make enquiries in the market as well as directly with the vendors. It is most important that you check out the vendors’ addresses and phone numbers and speak directly to the relevant authorities. Online forums are venues where you can ask questions and get reviews on particular suppliers and their products as well as get good references. Here too, you need to watch out for fake responses and bogus reviews.

The third step, obviously, would be to decide on suppliers from whom the products are to be procured. Products can be sourced from any supplier, but the ideal choice would be a wholesale supplier who offers quality products at reasonable prices under reasonable terms of contract. The suppliers could be wholesalers supplying goods offline or online. Suppliers may be manufacturers or distributors. When you purchase from manufacturers, you are assured of getting the products at the lowest possible prices, as the cost would include only the manufacturers’ margin. However, you may have to make large bulk orders. For orders that are not huge, you may have to approach a distributor. Though rates charged by distributors, as compared to manufacturers, would be higher, you have the luxury of selecting from a wide range of products from a variety of manufacturers. Buying from an online store which supplies a wide variety of products straight from the warehouse would give you the benefits of both. There are online stores that offer quality products online with good customer care and support that guides you through the process of buying. They also replace products or refund your money in case of damage. What’s more, you may get special offers and discounts too.

The fourth step is to contact the vendors and place orders. Before finalizing the order you have to make sure all documents, licenses and permits are in place. The terms of contract, including payment and delivery, need to be clarified. If you are receiving credit facilities, all terms as regards credit amount (total amounts and breakups if any), credit term period (as regards maximum time allowed for repayment), and discounts and penalties (in case of early and late payments respectively) should be understood and agreed upon by both parties.

The fifth and concluding, or rather, ongoing step would be to maintain a cordial and continuing relationship with your suppliers with whom your transactions have been satisfactory. A long, ongoing relationship helps better in negotiating and getting better prices. The suppliers may also be willing to go out of their way to accommodate your requirements. You are ensured of a more and better choice of products to choose from if your supplier deals in a wide range of products. If the supplier is reputed for quality, you may not need to personally check for quality on every purchase made. Overall, a good retailer-supplier relationship will reduce your risks of price, delivery and quality.

What Is Agistment?

Agistment is probably not a word that many city folk are familiar with, but those who live and work on the land know that it has to do with feeding animals, be they horses, cattle or sheep. Animals eat grass and if there is a dry time and the grass on your property runs out, what do you do? You can hand feed by buying hay and bagged feed or you can have your stock agisted on another property that has grass to spare.

This can also happen not so much due to running out of grass, but, for instance, if you want your prize mare to go into foal from a certain stallion that lives on another property. Since the mare will need to go and stay on that property and while she is there she will eat grass, you can pay agistment fees to help cover the cost of what she eats. And of course, the same can apply to cattle or other grass-eating animals.

Another reason to use this form of feeding animals is if you want to run more stock than your property can handle. It sometimes pays to have them agisted on another property, so long as the prices are good enough to cover the cost and give you a profit when you sell them. In fact, some landholders come to an arrangement such as taking care of the fencing or some other kind of work, instead of paying cash.

Horse breeders have to take particular care where their horses go, though. Horses are not like cattle and need the right kind of fencing to keep them safe, especially if they are stud stock. Barbed wire fencing is usually frowned on by owners of prize horses as it is too easy for them to suffer an injury from the barbs. Horses have a bad habit of leaning their heads over a fence, and if they get startled the sudden jerk could easily injure them.

You will see that nearly all horse studs have railing fences for this very reason. It helps to keep the horses safe and provides a more solid barrier that they are not so likely to try and jump over or through if they become startled.

Horses are easily startled and likely to kick or jump as they gallop away. Flight is their natural reaction to danger, whether that is real or imagined. So the fencing has to be especially solid and secure, especially when the horses are stud stock.

Used Mobile Home Sale Considerations

Mobile homes are a form of manufactured home. Families tag these homes along as caravans especially during summer. They are excellent for road trips. A used mobile home that is in perfect shape due to regular maintenance is as good as a new one. As such, selling such a mobile home is not as difficult as some people would like to think. However, it does require extra effort than simply pasting a ‘For Sale’ sign on the side. Serious sellers understand the importance of serious advance planning and preparation. Some important considerations for a successful sale include determining the mobile home price after a careful valuation, settling on a professional sales agent and marketing the property to attract the attention of prospective buyers.

Below are ways in which you can help make your used mobile home quite attractive to prospective buyers. You will be able to ward off competition from other local manufactured homes on sale in addition to getting the right price for a profitable and quick sale.

To begin with, you need to create a good impression for your used manufactured home. House hunters consider a myriad of things before settling on any one particular purchase. This is why your property needs to be ahead of the competition. Sometimes, all that you require is a fresh coat of paint, getting rid of clutter and giving all rooms a thorough cleaning. You may also need to spruce up the lawn, rid the driveway of oil spills, paint the front entrance and conceal unsightly garbage cans. It does not hurt to rid the yard of debris and put up several blooming flowerpots on the porch. You might be pleasantly surprised that this is all it will take you to sell a mobile home.

Creating a good impression will also require you to coat the roof especially if you have a galvanized roof. This will ensure it looks good and will greatly ease maintenance work. The lawn requires a little bit more attention since it is part of that stunning first impression necessary to hook a potential buyer. Ensure that you mow, edge and fertilize it during summer. Rake the leaves in autumn and shovel surrounding walkways in winter. Get rid of lawn pests and weeds all year round.

Anyone who wants to buy a mobile home will probably go through a sales agent. This clearly underscores why you need to get a professional sales agent for your manufactured home. This usually entails signing a contract that grants the sales agent exclusive rights to handle all aspects of the sale for a specified period. This is reasonable since the sales professional needs to pay for bond ad license, advertise through print and web listings, real estate publications and show the property to prospective buyers.

Either you or the sales agent can determine the price of the property. This will depend on the condition of the property, age, manufacturer, lot renal cost, inspections, condition of the tie downs and the location community. Finally but importantly, once you have agreed with a potential buyer, it is important that enter into a binding agreement prepared by a real estate attorney.