China, (PressExposure) January 05, 2009 -- We are in the recession period if we do not consider the cost cutting and low production cost then it will be difficult to sustain this bear market.
Retailers ones selling online products or the retailers who sell their products at market. They have to now re-look their retail price and profit margin.
Retailers who has long tale of loyal customer have to retain them in this period because competition is now cutthroat.
A retailer profit is depends upon on the price at which they bought wholesale products from any wholesalers, so if retailers wants to continue their business with similar margin of profit, they have to find wholesaler who provide heavy discount on wholesale products.
Yes, local wholesaler may not have that much option to give large discount because they may also have been affected by recession. So in this period there is one option left is that find wholesale product seller across the glob and purchase wholesale product from vendor who is globally available.
This is era of internet where everything is available at just a click away. There are lots of online wholesale store are now available who are selling wholesale mobile phones, electronics accessories,mp3,mp4 players, i-pods,video games like play station ,Xbox, computer accerssories,home wares, kitchen wares etc. Large wholesale products like waysale and all are ready to give drop ship facilities so; retailers do not have to bother about it even.
Lets have few points summarize that can help online retailers or local retailers for selling their products and finding wholesale products.
-Retailers should look around internet and check number of available wholesale product stores. Make a list of online wholesalers and short list from it. Check which wholesale store is giving maximum discount and also check how large its inventory is. Some time it is better to buy out fashioned but very cheap product as people are now days more concern about cheap and discount rate products regardless of new fashion trends.
-Retailers may target few products which are right now less in demand or forgotten, those kinds of products will be available in these stores at more then 40-50% discount for stock clearance. And it is meaning less to say that middle class and lower middle class people do not ever forget discounted items or cheap rate products.
-Buying wholesale products from china is one of good option as china has very less production cost and all items are available at very cheap rate. China is one of the largest manufacturer of electronics, kitchenware, mobile phone, computer, garden, golf accessoriness, Office and Stationery, Home wares and Accessories retailer should keep eye on Chinese wholesaler who sells products at discounted rates.