A Beginner's Guide to Selling Wholesale: Everything You Need to Know

TLDRIn this video, we discuss the basics of selling wholesale, including what it is, different types of wholesale, and its advantages and disadvantages. We also explore platforms like Fair and Creote. This guide is perfect for small craft businesses looking to expand their market.

Key insights

⭐️Traditional wholesale involves selling your products at a discounted value to other businesses

👥Wholesalers may either sell your products to their own customers or use them within their own businesses

💵Sale or return allows wholesalers to return unsold items, but you may have to lower your profit margin

🏪Renting a shelf in a shop is another form of wholesale where you display your products in-store

🔄Platforms like Fair and Creote offer online wholesale opportunities

Q&A

What is traditional wholesale?

Traditional wholesale involves selling your products at a discounted value to other businesses, who then sell them to their own customers.

What is sale or return?

Sale or return is a wholesale model where you provide your products to a wholesaler, who only pays for what they sell. Unsold items can be returned to you.

What is renting a shelf in a shop?

Renting a shelf in a shop allows you to display and sell your products in-store. You pay upfront for the space and may also give a commission on sales.

What are Fair and Creote?

Fair and Creote are online platforms that connect wholesalers with small craft businesses. They offer an alternative sales channel for wholesale.

What are the advantages of selling wholesale?

Selling wholesale allows you to reach a larger customer base, build relationships with other businesses, and potentially increase your sales volume.

Timestamped Summary

00:00Introduction to selling wholesale for small craft businesses

02:43Understanding the different types of wholesale, including traditional wholesale, sale or return, and renting a shelf in a shop

06:55Exploring the advantages and disadvantages of selling wholesale

08:15Introduction to online wholesale platforms like Fair and Creote