By buying in bulk the cost for each unit is reduced, meaning you are getting more for your money. This can save you money in the long run, especially if you have an affordable storage solution where you can store these items. Buying smaller quantities more frequently can work out much more expensive, not to mention the additional delivery costs on top of the unit price.
PASS ON THE SAVINGS TO YOUR CLIENTS
Customers always look for the cheapest place to purchase goods from, so if your prices are lower than all of your competitors your sales should increase. By passing on the savings you have made from your bulk buy, you can attract more customers, meaning you have more sales. You don’t need to pass on all of your savings – just enough to be cheaper than your competitors to have that slight edge.
By buying in bulk you are effectively using less packaging which is much more environmentally friendly. Another green advantage is that you use less delivery miles, so less fuel is used and less pollution is emitted into the air. Seeing as green is a big selling point for many businesses now, you can use this to your advantage.
AVOID THE RISK OF SELLING OUT
By stocking up and buying in bulk you can avoid the panic and angry customers when products sell out and you are waiting for new stock. By being prepared and having extra in storage you are always one step ahead. This can be a great advantage for busy periods such as Christmas, depending on what type of products you stock.
For more information, visit Gibbs & Ball Ltd.