What Is Wholesaling and How Does It Work?
The act of selling big amounts of products to other businesses is known as wholesaling. Wholesalers often sell at a lower cost, allowing shops to make a profit.
Your neighborhood grocery store, for example, obtains its supplies from wholesalers. Wholesalers sell their commodities at a lower price because the acquisition includes purchasing significantly bigger quantities than typical. To make a profit on sales, the business adds a markup to the wholesale price.
Contracts with retailers who want to keep a consistent inventory of your products can help you develop a recurring revenue stream as a wholesaler.
Furthermore, by continuing to offer your products to end users, you can expand your business.
That’s one of the benefits of having a wholesale channel: you may get sales from both individual customers and other businesses.