How to Choose the Right Wholesale Distributor

A strong relationship with a dependable wholesale distributor can significantly improve your business. Small businesses and large retail stores thrive on wholesale distribution partnerships because they increase their profit margin, reduce costs, and more. Keeping your inventory well-maintained is essential to developing customer loyalty; this is another reason why choosing the right wholesale distributor is crucial. In this guide, we'll review the key factors to consider when partnering with a wholesale distribution company.

Factors to Consider When Selecting a Wholesale Distributor

Businesses must consider many factors when choosing a wholesale distributor. Factors include product quality, pricing, inventory, customer service, and logistics. Taking advantage of these opportunities will improve operational efficiency and increase profit margins. This makes partnering with a wholesale distributor like Great Lakes Wholesale a win-win solution for small and large businesses.

1. Understand Your Business Requirements

Before choosing a wholesale distribution company, you must understand your business needs. This includes pricing, product selection, and evaluating logistics requirements. Depending on your business goals, it may be a great idea to place bulk orders for high demand products. Bulk purchasing can also support business growth by helping reduce costs and streamline operations.

2. Identify Your Wholesale Product Needs

Identify the specific products you want to sell to your target audience. Analyze the industries you cater to and what customers are looking for. For construction, customers may be searching for hammers; thus, buying wholesale tools like hammers can be a competitive strategy. For hardware stores, it may be beneficial to focus on wholesale tool accessories. Demand might increase for a particular item during the spring months, which gives you an opportunity to amp up your inventory beforehand. Identifying your product needs will help you narrow down potential wholesale distribution companies. Here are notable wholesale products for various industries, available at Great Lakes Wholesale:

• Wholesale ice scrapers
• Wholesale vitamins
• Wholesale pet food
• Wholesale kitchen bags

3. Determine Your Product Price Range

Pricing is one of the most significant factors in choosing the right wholesale distributor for your business. Generally, bulk purchasing saves you money on per-unit costs. This can improve your profit margins, especially if you take advantage of closeout deals like the ones featured at Great Lakes Wholesale. Discount pricing can give your business an advantage over competitors, further incentivizing customers to buy from your company.

4. Consider Delivery and Logistic Factors

Logistics contribute to a significant portion of total operating costs. Buying wholesale can help reduce frequent shipments, leading to lower delivery costs. Analyzing your logistics will help you understand how much you're paying currently and how much you can save when partnering with a wholesale distribution company. When you neglect to purchase in bulk, the risk of tardy deliveries increases due to the increased amount of transportation. We've all seen the effects of an unreliable supply chain and the stress it causes to customers and retail stores. Working with a reputable wholesale distribution company can help mitigate this stress by maintaining a healthy level of inventory.

5. Research The Advantages of Your Wholesale Distributor

Taking advantage of what is offered by your wholesale distributor is a major plus. This includes having access to exclusive pricing, discount deals, and expert advice. Not all wholesale distributors have a large selection of items like those offered by Great Lakes Wholesale. If you're looking for wholesale tools, for example, you have a variety of brands to choose from, including Industrial Illinois Tool (IIT). It's also recommended to browse your wholesale distributor's closeout deals, as you can save money with steeper discounts on popular products. Check out Great Lake Wholesale's current closeout pages for industries like automotive, cosmetics, hardware, hand tools, and lawn care.

Why Businesses Partner with Great Lakes Wholesale as Their Distributor

There are many reasons why to become a business partner with Great Lake Wholesale. We offer quality products at competitive prices, which will greatly benefit your business's bottom line. Our wholesale distribution company has more than 25 years of experience and continues to offer a plethora of products to many different industries. Great Lakes Wholesale makes investing in bulk easy by offering exceptional customer service and expert advice on your business needs. Get in contact with one of our representatives today to see how we can help you scale.