Save Money and Increase Potential Profits by Purchasing Travel Size Toiletries in Bulk
Posted by Cheap Travel Sizes on October 15, 2013.
When you are looking for ways to save money on inventories of products for your store, you should consider purchasing them in bulk. By placing larger orders, you are often able to get a percentage discount off of the wholesale prices you currently pay. For example, if you stock travel size toiletries, you do not have to buy a large amount of the same item to get your discount. Instead, you are free to choose your own product mix, based upon the brand names that sell the most, to reach discount levels.
Purchasing travel size toiletries in bulk not only helps reduce your expense on the items, but also gives you more flexibility in setting your prices. For instance, if you receive a 12 percent discount on your order, you are able to decide how you want to transfer this percentage to your resale prices. You could pass the savings directly along to your consumers and only mark the items up to fit your desired profit ratios. You might also decide to increase your profit ratios by this percentage, or you could split it and pass part of the savings along to your consumers, while also increasing your revenues.
In the event you decide to add the entire percentage discount to your resale prices and maximize your profits, you do have the option to reduce prices later. You may discover some items are not moving as fast as they once were and want to put them on sale. By reducing the resale prices a slight amount, you are still earning profits, because you initially received an additional discount off of your wholesale pricing.
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