subject: Wholesale Dollar Store Merchandise Buying Opportunities [print this page] Those who start a dollar store know they face a huge challenge when it comes to filling their store with the right merchandise. The items offered must meet the basic needs for their shoppers. And since customers are typically bargain hunters, the pricing must be right. In fact the very profits earned come from offering exactly the right selection of products and then guaranteeing those products are always in-stock and waiting for the next shopper to arrive. In this article I examine 4 proven options for locating the right merchandise for your store.
1. General Dollar Store Suppliers
The majority of the merchandise you need to keep the shelves filled will come from suppliers that specialize in general merchandise. These huge suppliers offer almost every product your customers will want and need. Even better, by purchasing the bulk of your inventory from one or two suppliers, freight can often be reduced.
2. Specialty Dollar Store Suppliers
When you start a dollar store you will soon discover the number of specialty suppliers just waiting for your business is staggering. Companies offering soft drinks and beverages, bread and pastries, ice cream snacks, candy, chips and other snack items, greeting cards, party supplies, batteries, and more are all readily available.
3. C-Store Suppliers
While convenience store suppliers don't generally target the dollar store market many often carry items that fit well in a variety of specialized categories. Be sure to shop not only for the right merchandise, but also the right price. Don't overspend and end up with a store filled with items you must price too high or sacrifice profit to liquidate.
4. Liquidation and Closeout Companies
Check out liquidation and closeout companies as a source of general merchandise and for specialty items as well. Often you will find new shelf pull and overstock items at ridiculously low prices. Shop with care and make sure you know exactly the terms and conditions of the sale. In many cases you buy it - you own it, even if the products aren't exactly what you expected.
When you start a dollar store you are entering a high-volume business. Expect to deal with multiple suppliers in order to provide the product selection your shoppers will demand. Carefully screen each company and then start with a small 'test order' before spending hundreds or thousands with them. Once suppliers demonstrate they deserve your business focus on reducing cost to improve profits and increasing speed of delivery to your store to reduce the size of your required safety stock. Always be on the lookout for new, better suppliers.
To your success when you start a dollar store!
Wholesale Dollar Store Merchandise Buying Opportunities
By: Bob Hamilton
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