When looking for a source of wholesale merchandise, you might have heard of a wholesale distributor but be unfamiliar with the term. Here we look at what wholesale distributors do and how they differ from other wholesale sources.
What Are Wholesale Distributors?
A wholesale distributor buys wholesale merchandise from a manufacturer and sells these goods to other wholesalers, retailers and ecommerce businesses.
Size Of The Wholesale Distribution Market
The size of the wholesale distribution industry in the United States is huge, with an estimated 408,000 establishments (both single-location companies and multi-location companies). These establishments generate about $8.7 trillion of combined annual sales.
So now that you’ve sourced your wholesale electronics merchandise, where are you going to resell it? To answer this question, you need to consider what business model suits you best. Do you prefer to deal with customers in person, or would you rather sell online? Or maybe a mix of both? This article will cover all of your options.
How to Sell Wholesale Electronics Locally
Many customers prefer to shop in-person, allowing them to check products and deal with people directly. Selling in-person in your local community gives you the opportunity to hone your social skills. Good customer service will allow you to create repeat customers and attract new ones through word-of-mouth.
One popular option for selling locally is setting up your own retail space. Having your business located in an area with high foot traffic or close to a heavily trafficked roadway is ideal.