Wholesale Price for Digital Camera?! Is the Lower the Better?
If you are in the Home-business you will definitely agree that you are constantly looking for the best wholesale prices from the suppliers you want to get goods from. So let’s find out what a WHOLESALE PRICE is?
First of all, let’s find out what Wholesale is. Wikipedia.org says:
“Wholesaling is the sale of goods or merchandise to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services.”
United Nations Statistics Division says:
“Wholesale” is the resale (sale without transformation) of new and used goods to retailers, to industrial, commercial, institutional or professional users, or to other wholesalers, or involves acting as an agent or broker in buying merchandise for, or selling merchandise to, such persons or companies. Wholesalers frequently physically assemble, sort and grade goods in large lots, break bulk, repack and redistribute in smaller lots.”
But the definition doesn’t say anything about the wholesale price being the lowest product price imaginable.
Here, at Dropshiparea.com we publish a Directory of trustworthy suppliers who are eager to ship the products directly to your customers’ porches. Moreover, the suppliers will sell the goods in small bulk quantities at the prices of larger bulk quantities thus giving you possibility to put some money in the pockets. Nevertheless, in order to understand the real nature of the market, you have to find out what WHOLESALE means.
A wholesale company is a company that has its own warehouse where it stocks products. The company sells these products to you at the prices that are much lower than Manufacturer’s Suggested Retail Price. This is the real substance of wholesale.
Another problem of setting the price of the product on your site is finding the right margin between the wholesale price and Manufacturer’s Suggested Retail Price. In our case, we work only with reliable product suppliers (not middlemen) which do their best to find this margin themselves, and as a rule their prices can be taken for granted.
Yet, price choppers can easily turn the market upside down. Both the manufacturers and the wholesale suppliers struggle with this phenomenon and by today they have found a number of means that help overtake these choppers once and for all.
If you think that, if someone’s price is lower than yours then everybody will buy the product from this someone, YOU ARE MISTAKEN. Why do you think that other people will find out that your price is higher? In fact, they will most definitely buy your product if you provide good customer care.
Remember one important fact: if you want to make your business more attractive to the customers, DO NOT try to find what prices to chop, but DO YOUR BEST to care about your customers’ needs.
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