How can you increase margins in wholesale?
- Improve logistics efficiency - Ship more SKUs together in larger full-container quantities.
- Negotiate - Get better prices from suppliers and sell for higher prices to retailers or end-consumers.
- Sell higher-markup products - Use software to scan marketplaces looking for products with the highest spread.
Plugging a list of UPCs into Software can help you find these higher-margin products, but what if there was an easier way?
What if your wholesale supplier actually invented new product that retail buyers and end-consumers happily pay a higher price for?
If those products cost about the same (just 10-20% more) to buy, but you can then sell them for 10-20% more to your own customers, your bottom-line profits have been increased by a lot.
| Original Buy Price | $1 |
| Original Sell Price | $5 |
| Unchanging Operating Costs | $3 |
| Original Profit | $1 |
| New Buy Price | $1.20 (+20%) |
| New Sell Price | $6 (+20%) |
| Unchanging Operating Costs | $3 |
| New Profit | $1.8 |
Profits are almost doubled, because your wholesale supplier made a small product change that increased production costs by 20%, and added 20% value to the end customer.
Sometimes, this small change increases profit margins much more... sometimes end-customers are happy to pay twice as much!
And, it makes sense. If the choice is between "$5 junk or a $10 working product" ... which would you pick?
Where can you find these higher-margin wholesale products?
Here, of course, on NextClimb's store.
First, get a free sample. (Just pay $3.99 shipping to receive it.)
Then, buy with a few clicks from our wholesale catalogue. All prices include free shipping to any USA address.)
Buying couldn't be easier, just a few clicks like any normal e-commerce checkout.
