Photo by Surface on Unsplash
Our goal is to facilitate the wholesaling of handcrafted, heritage, and natural products. We understand that vendors' success directly impacts our success, which is why we equip them with the tools they need. To help our vendors convert browsing buyers into loyal business partners, we've compiled a list of the top 10 considerations that wholesale buyers may have when browsing for wholesale products.
1. Product Specification
A detailed product specification is crucial for providing accurate descriptions of your products. This includes measurements, features, and materials. Be transparent about any variations in handcrafted products, as this can be a unique selling point. Avoid surprises for buyers when they receive your products.
2. Current Trends
Wholesale buyers are often trend-conscious and prefer stocking items that are in line with current trends. It's important for vendors to stay updated on the latest trends and adapt their products accordingly. However, maintain your own unique style and avoid copying other designers' products to prevent legal issues.
3. Pricing Strategy
Pricing is a significant factor for wholesale buyers. They need to calculate their costs and ensure a profitable margin. Consider the buyers' price brackets and make sure your products align with their expectations. Price should reflect the quality, workmanship, and materials used.
4. Sample Availability
Be prepared to offer samples to buyers, often at retail prices, especially when dealing with buyers for the first time. If they subsequently place a wholesale order, you may offer a discount on the sample price. However, ensure that the quality and representation of the sample align with larger orders to maintain strong relationships with buyers.
5. Vendor/Producer Transparency
Building relationships and trust with buyers is essential. Be open and authentic about yourself, your operation, and your process. Sharing your story differentiates you from other vendors and allows the buyer to find common ground. Buyers will share your story when selling your products to their customers.
6. Product Quality
Consistently delivering good quality is crucial in attracting and retaining wholesale buyers. Buyers fear receiving products that do not meet professional quality standards, especially as their volumes increase. Assure buyers of the quality through clear images, customer reviews (if available), and a refund policy for quality issues.
7. Shipping Considerations
Consider the bulkiness, weight, and fragility of your products during shipping. Some products may not ship well in bulk, which can impact costs and safety. Highlight any mitigating factors that make your products attractive despite shipping challenges. Specify shipping costs and who will bear them in your product description.
8. Packaging and Presentation
Buyers prefer products that do not require additional packaging before resale. If locally-sourced packaging is costly, you may offer products with or without packaging, giving buyers the option to package upon delivery. Specify if buyers can add their branding or customize products, ensuring clear parameters to prevent excessive customization costs.
9. Ethical Practices
Consumers are increasingly socially and ethically conscious, and they expect businesses to align with ethical principles. Buyers will be interested in the ethical, social, and environmental practices that govern your operations. Be honest about your practices and avoid making false claims. Align with one principle and demonstrate your commitment rather than listing multiple principles insincerely.
10. Order Volumes and Timeframes
Different buyers have varying volume and timeframe requirements. Some prefer smaller volumes for quick restocking, while others need larger volumes well in advance. Clarify your minimum order quantity (MOQ), production timeframes, any volume discounts available, and payment terms. Provide this information upfront to minimize hesitation from buyers.
By considering these 10 factors when creating and maintaining your product listings on Meekono.com, you can reduce friction and hesitation for wholesale buyers, leading to higher conversion rates from browsing to buying