Dollar Store Merchandise, Wholesale Price Guide
It might be hard to believe you can really make money selling stuff for a dollar or even less. Yet, it happens everyday for dollar stores all across America, thanks in large part to local dollar store merchandise wholesale suppliers. The truth is even with the low selling price, most products sold at dollar stores enjoy huge profit margins. The key is buying at extreme discount bulk rates from wholesale merchandise companies.
If you start what is known as a “high-end” dollar store there are even larger profits to be made. A “high-end” store still offers a wide variety of items sold at a $1.00 or less. But they also carry have high quality items at substantially discounted prices when compared to neighboring retailers. This type of store can offer everything from brand name food items to gift sets and even clothes which serves to attract customers hoping to cut costs.
Buying Wholesale Merchandise Makes Your Dollar Store Work
Building profits is easy and quick when you’re purchasing products at wholesale prices from a wholesale dollar store supplier. Here’s an example, you spend 75 cents each to buy embroidered onesie sets for infants. Then your customers happily buy these same little outfits from you at $2-3 dollars each because the same styles regularly go for $10.00 or even more at other stores.
Even if you mark your products up 100% or more, you would still be offering a substantial discount compared to regular retail shops, which means your products remain a real bargain for consumers. The beauty of this system is you get to offer outstanding value to your customers while still raking in easy profits from the same merchandise. By selecting a good, well-rounded inventory full of inexpensive, high quality item from a local dollar store merchandise wholesale supplier, you can attract all types of customers, many of whom will buy other items from your store as well. This is a key component to making money through the wholesale retailer business model.
A reputable supplier will require you to provide a tax identification number and information about your business before approving an account. These suppliers do not make their wares available to the public because their prices are extremely low. Only qualified businesses get approved to receive wholesale discount pricing, to ensure your competition is only from other legitimate dollar companies.
You will also need to meet minimum order requirements, to qualify to buy at wholesale prices. Your supplier may require a minimum for each item or just that your total order reaches or exceeds a minimum amount. Still, it’s generally not hard to meet the minimum purchasing requirements, especially for a new store owner. As you can imagine, when you need to stock a whole store, you need a lot of merchandise. Like most people considering becoming a dollar store owner you may also be wondering what type of products and prices you can get from dollar store wholesalers. A recent survey of dollar store merchandise wholesale suppliers offers an enlightening look at the typical profit potential of a dollar store.
A sampling of the types of merchandise – and wholesale pricing – available to dollar stores is listed below.
Kitchen Towels: 45 cents
Puzzle & Game Books: 35 cents
Degree Brand Deodorant: 45 cents
Sets of Measuring Spoons: 49 cents
Lipstick: 49 cents
Sets of Stationery: 49 cents
Decorative Paper Plates: 39 cents
Of course, availability and costs will vary, but wholesale suppliers are always getting new product arrivals. If you rotate your inventory on a regular basis with a good variety of gift items, household goods, and seasonal merchandise you’ll ensure customers come back often to shop at your dollar store.
Author Bio: Deciding to open a new dollar store is exciting and intimidating all at the same time. Let us remove the mystery about selecting inventory and stocking your store. A dollar store merchandise wholesale offers help with finding wholesale suppliers that service your area and it’s just a mouse click away. Check it out today!
Category: Business
Keywords: dollar store merchandise wholesale, wholesale dollar store supplier