Aug. 12, 2024
Electric fans have become an essential appliance in homes, offices, and other commercial spaces. With the increasing demand for energy-efficient cooling solutions, buying electric fans in wholesale quantities has emerged as a popular choice among consumers. In this article, we will explore the top five benefits of purchasing electric fans in bulk.
HAIYANG contains other products and information you need, so please check it out.
Cost Savings:
One of the primary advantages of buying electric fans in wholesale quantities is cost savings. Purchasing in bulk allows buyers to take advantage of discounted prices offered by manufacturers or suppliers. By eliminating intermediaries and dealing directly with wholesalers, customers can secure significant discounts compared to retail purchases. This cost-saving benefit becomes even more pronounced when considering long-term usage or large-scale projects.
Business Opportunities:
Buying electric fans in bulk opens up opportunities for individuals or businesses to venture into the resale market. Entrepreneurs can purchase a considerable quantity of electric fans at wholesale prices and sell them at competitive retail rates, thereby generating profits. This approach is particularly beneficial for those looking to start their own business or expand an existing one.
Flexibility and Customization:
Wholesale purchases provide customers with greater flexibility and customization options compared to retail purchases. When buying in bulk, buyers have the freedom to choose from a wide range of models, colors, sizes, and features that suit their specific needs or preferences. This level of customization ensures that customers get exactly what they want without compromising on quality.
Bulk Warranty Options:
Another advantage of buying electric fans in wholesale quantities is the availability of bulk warranty options provided by manufacturers or suppliers. Instead of dealing with individual warranties for each fan purchased separately, customers can enjoy the convenience of having a single warranty covering all units bought together. This simplifies any potential warranty claims or repairs and saves time and effort for both individual consumers and businesses alike.
Environmental Impact:
Purchasing electric fans in wholesale quantities can have a positive environmental impact. By buying in bulk, customers reduce packaging waste associated with individual retail purchases. Additionally, by opting for energy-efficient models, buyers contribute to the overall reduction of energy consumption and carbon emissions. This eco-friendly approach aligns with sustainable practices and supports efforts towards a greener future.
Buying electric fans in wholesale quantities offers numerous benefits, including significant cost savings, business opportunities, flexibility in customization, bulk warranty options, and a positive environmental impact. Whether you are an individual consumer looking to save money or start a resale business or a commercial entity seeking cooling solutions for large-scale projects, purchasing electric fans in bulk is a wise choice. With the growing popularity of energy-efficient appliances, it is clear that buying electric fans in wholesale quantities is not only economically advantageous but also environmentally responsible.
Why Choose UnitedStar
UnitedStar Industrial group LTD. is an enterprise focusing on research and development, design, production, and sales of environmental household appliance products. The group consists of Zhongshan United Star Electrical Appliance Manufacturing CO., LTD (China high-tech enterprise), Zhongshan United Star CO., LTD., Guangzhou Link-top INT&#;l forwarder co., LTD. (a non-vessel carrier) and Guangzhou Unitedstar co., LTD.(foreign trade sales).
Electric fan factory UnitedStar has always adhered to the values of " Deliver Best To Customer ,Be Efficient, Be Enterprising ,Be Reliable, Be Dedicated". United Star has more than 11 years experience in home appliance product development. At present, United Star has a perfect internal structure and has passed the ISO quality system of nearly square meters of plant, which includes six workshops of hardware, motor, injection molding, net cover, and final assembly. United Star has the most advanced domestic R290 mobile air conditioning production line, as well as an enthalpy difference laboratory.
We have kinds of products, among them, 82 have their property rights. We mainly produce portable air conditioner, air cooling fans, electric fans, ceiling fans, rechargeable fans, solar fans, and BLDC motors. The group has its own freight forwarding company and has more initiative in trailer and sea transportation. United Star has six registered trademarks, more than 30 product patents, GS/CE/CB/SAA/RoHS/SASO/CCC, and other certificates.
Electric fan manufacturer United Star has six R&D engineers, an average of 13 new products are developed every year. Our products are exported to 126 countries, we wholeheartedly for customers to provide OEM and ODM services, have cooperated with famous enterprises at home and abroad, such as French Carrefour supermarket, German Lidl supermarket, Indian Orient company, and so on. Since , the sales growth rate of our own brand United Star in the global market has exceeded 250% for three consecutive years. Meanwhile, we have cooperative assembly bases in Indonesia, Tunisia, Mexico, Nigeria, and other regions. " To be the most reliable environmental air cooling appliance provider. Committed to the comfort and environmental protection of the family and the earth environment " is our persistent goal.
As a creative maker or handmade business owner, I&#;d bet that &#;growing your business&#; is on your list of goals &#; if not, the top goal. And while growing your business from your own site can be incredibly rewarding, there comes a time when you may be interested to expand your reach beyond your audience.
Luckily, selling wholesale is not only one of the quickest ways to expand your reach &#; since you&#;re tapping into someone else&#;s audience &#; but your wholesale accounts also start to take some of the administrative work off your shoulders. (Because you didn&#;t get into this creative biz so you could spend your time creating marketing campaigns and handling shipping requests. Just a guess.)
While selling wholesale can add a few new admin tasks and your sales are coming in at &#;wholesale&#; instead of &#;retail&#; pricing; there&#;s still a lot of advantages to selling wholesale that I&#;d encourage you to consider.
When I was a buyer for a department store, we had several vendors come through we&#;d consider &#;smaller&#; or at least new to the game. And while it often went really well; other times, well&#; it was awkward. There was a disconnect between retail jargon and the types of presentations we were accustomed to seeing from the larger players in the industry.
So whether you&#;re approaching local boutiques or a larger retail account, I want to arm you with the terms and knowledge so you can confidently pitch your product; instead of worrying &#;what did she just ask&#; what does MOQ mean?&#;
The number of days it takes from the time an order is placed until the time it will ship; also called turnaround time.
It&#;s important to note that you&#;ll need to include any additional processing time and clarify any nuances to your production process.
A few items to consider:
The lowest unit or &#;minimum order quantity&#; (MOQ) a vendor (you) would accept to make an order worth it. This is stated at a style level and can differ for each item. For example, you could set a minimum order of 50 scarves, but only a 15 unit minimum for wall hangings.
Minimums may be set based on raw materials needed to produce (ie. if you need to buy a bulk amount of yarn to produce, you don&#;t want to be stuck with leftover so you may determine the lowest quantity that can be produced with that bulk amount).
The lowest purchase dollar amount a vendor (you) would accept in order to accept a wholesale order with a shop. This is stated at the total vendor level &#; unlike the above minimums which were at the style level. It can also be just an initial minimum to make the starting investment worth it for the wholesaler; and following orders could have a lower minimum for reorders or no minimum at all.
You can set this value based on the minimum time hassle (real technical term here ha) of setting up and dealing with a wholesale account. If they&#;re only going to buy 5 scarves from you, maybe you feel you&#;d be better off keeping those 5 units to sell direct on your website for the full retail price.
This will vary for your business and the accounts you work with, but I would count on at least an hour of your time per month to up keep and maintain a wholesale account. You&#;ll need to be available to process orders and inventory requests, send new line sheets, pitch samples, answer questions on product details, etc. (psst. I have some tools in the works to help you with this &#; let me know in the comments below if you&#;re interested!)
Stated at the style level &#; case packs are the smallest amount to order in multiples of; usually determined by what is most efficient for you to ship. For example, an item may have a case pack of 6 because you can easily and cost effectively ship 6 units of item x. So you would state your wholesale accounts need to order in case packs of 6; so you&#;d accept any multiples of 6 &#; 12, 18, 60, etc.
This differs from order minimum (term #2) as it&#;s the lowest multiple accepted for an order. So for the scarf example above, your order minimum would be 50; but your casepack could be 10. Meaning after they meet the vendor minimum, they&#;d have to order 60, 70, 80 units, etc.
The retail price vendors (you) recommend an item should be sold for in-stores. This does not mean its the price a retailer will choose for their stores or the price customers may be willing to pay.
The price vendors or manufacturers state a retailer cannot advertise below &#; hence the name &#; This has really come up more as comparison shopping and the ease of comparing online has started to impact vendors. It&#;s done both to protect their brand &#; consistently being price too low could lead to a poor customer perception; and to protect themselves &#; if retailer A prices aggressively low, the vendor doesn&#;t want retailer B to come after them asking what kind of costs they&#;re giving retailer A that they can possibly be priced that low. So it offers a little protection so if retailers do break MAP, you can set up what consequences may occur.
Will vary by account, but these are accounting payment terms for when payment is due and if a corresponding discount is available, set by the retailer. These are more typical for larger accounts than local shops.
For example, &#;Net 30&#; means the retailer sets their payment due date 30 days after receipt of goods.
&#;1/10 Net 30&#; means they get a 1% discount if pay in 10 days, or payment is due 30 days after receipt of goods.
For small businesses, these terms can be difficult especially when starting out and cash is tight. So its really important if going after a big account you understand the payment terms, since you will have to lay out money ahead of time for supplies, production (your time), shipping, etc. and its not uncommon that payment terms may be Net 30 or Net 60.
*Another point to keep in mind (and get clarity on if your product is accepted at a new account &#; yay) is that large companies often have certain days of the week they cut a check. Yup&#; it&#;s what you think. So if your Net 30 payment is due on a Wednesday&#;.but they only cut checks on Tuesdays, then yeahhh &#; you&#;re waiting almost another week until the check is cut and sent out. So often for Net 30 terms, it could take 40-45 days until ol&#; snail mail lands in your mailbox. Just one more reason understanding your cash flow is so so important.
A way to speak to a time period for any metric, usually in regards to sales units / dollars or receipts. For example, year to date we&#;ve sold 120 units (this would mean sales from beginning of their fiscal year through April 29th &#; time of my writing this)
Might seem silly, but I can&#;t tell you how many times a vendor didn&#;t know what those meant &#; usually after MONTHS of us sending them reports which was always alarming. Plus, it made them look a little unprofessional. (mostly because they didn&#;t ask &#; not just because they didn&#;t know, although you&#;ll look A LOT better if you&#;re in the know)
I also need to point out that retailers operate on different calendars &#; we operate on a 4-5-4 calendar which means the start of the year doesn&#;t actually line up with the start of the year on January 1st. Oh &#; and like a lot of corporations, they operate on their own fiscal calendars which means the year could start in February or April, or whenever the hell they feel like it. So just be aware of what their &#;year&#; timeframe is &#; you can ask, &#;When does your fiscal year begin?&#;
When items placed on an order by a retailer are going to be late. Not a great place to be in, but hey, it happens. Backordered means you&#;ll keep it on that same order and fulfill once available (assuming the retailer is still willing to bring it in). If they ordered three styles and only one is late, you&#;d ship the other two on time and the third would be &#;backordered&#;.
If you want to learn more, please visit our website Floor Fan Wholesale.
Each retailer may have a differ process for this &#; some will have you fill the two in-stock, then cancel the third style and re-place later. This just helps them follow and flow their receipts. For example, if its going to be months late, they might prefer to clean up their late on order and just place as new.
A distribution method where customer orders are placed with a retailer, but the order is fulfilled and shipped directly from the supplier.
This is a big advantage to retailers as they don&#;t have to take on any risk or financial inventory, but still capture sales as they come through their channel. There&#;s many different companies that help facilitate the systems set up between suppliers and retailers so that would vary by account; but the process is similar.
The retailer promotes, markets and prices your product >>> A customer places an order through the retailer and the order is sent through the 3rd party provider to the supplier >>> The supplier fulfills the order in the agreed upon timeline. Terms are set with the retailer for how often orders are pulled (i.e.. checked), shipping turnaround, packaging requirements, and the 3rd party company has tools that enable labels and customer receipts to show as if they&#;re sent directly from the retailer &#; not from the supplier.
A product line is just your products &#; what&#;s available for wholesale. So a &#;line sheet&#; is a recap of your products so if interested, the buyer can place an order.
There&#;s a lot of chatter about this on the internet (keep it simple, keep it to one sheet, put all ordering information on there, etc), so I thought as a buyer, I&#;d like to set the record straight.
We want enough information so when we&#;re staring at your papers weeks after we met (and saw the product in person) we know what the hell we&#;re buying.
We also don&#;t want to have to follow up separately for additional information when we want to speak to its benefits or material. So if that means you&#;re handing over 10 sheets of paper so I have everything I need, then please &#; leave me with 10 sheets of paper.
You also should feel free to be creative with how you&#;re presenting your work. Think of how you can most clearly convey your brand through your products and be of value to the buyer.
Maybe your line sheet is one page &#; broken out by a few categories, like &#;Best Sellers&#;, &#;$25 Scarves&#;, &#;$50 Scarves&#;, &#;Wall-Hangings&#;. Then have subsequent pages that give further information on each.
You also shouldn&#;t feel like you need to include every.single.item.you&#;ve.ever.once.created. AH. Pick out your top sellers, curate a specific collection of items you feel will sell best at that retailer, make it intentional. You can speak through other options as questions come up or provide your full line sheet at the back, but help them hone in on what from your list is important to them.
Just a fancy way to say a 50% mark up. So if your wholesale cost is $7, the item at a keystone mark up would be $14 retail price.
(See below question/callout from AJ in the comments for a good discussion!)
See profit or makin&#; money. When selling wholesale, you need to ensure you&#;re making a profit by selling at wholesale prices, but also be conscious of what the retailer expects for their margin.
Often retailers will share what margin they expect and require in a business unit or category. You can ask for this information in advance of a meeting to ask what their typical margin requirements are for &#;x&#; category.
(I&#;d also recommend checking out these financial retail terms so you feel comfortable with that language as well)
Retailers love to test and feel good about placing orders with a new vendor. If they&#;re not 100% sure on your brand, price point, product, etc but want to try it out they may ask for a buyback or guaranteed sale. They want peace of mind that if they can&#;t sell your product, you&#;ll take it back.
This can be to your advantage &#; surprised I said that, right? But often we&#;re just a little nervous to go out on a limb and be left on the hook if we&#;re wrong when selecting product. Giving them the option is a little like a &#;no questions return policy&#; and gives them the confidence to try your product and really see how it will perform.
To protect yourself, work with them on setting the terms:
Final note &#; If its a really big account with the chance of totally changing the course of your business, weigh the risks with the opportunity and try to lessen the reasons they might resist while still protecting yourself. Often getting that first foot in the door through a &#;test&#; or &#;buyback&#; guarantee may be all you need to get the ball rolling with them; so don&#;t put up too many roadblocks that seem like a big deal, but maybe you can really easily absorb even if it doesn&#;t work out.
This is one reason I coach vendors to not push too hard to over-place their product at a new retailer. It&#;s better to start in fewer stores, such as testing in 10 stores (out of a large retail chain), so your product is a small investment they can tweak and then hopefully you blow sales out of the water and have to chase for more. That&#;s a much better position than really pushing to start in 50 doors and being unable to fulfill orders or you mis-judge the assortment that would work best for their audience. And then they&#;re stuck with an inventory investment that&#;s not working and you may be written off altogether and have to exit that account.
It also helps to have some ideas going into the meeting of what you might &#;accept&#; in terms of a buyback deal, so you can have a good conversation in person should they request that kind of arrangement.
[bctt tweet=&#;Confidently pitch your product; 24 wholesale terms you need to know. @theshopfiles&#; via=&#;no&#;]
Just means the timeframe between start ship and cancel dates when vendors are expected to ship. Two weeks is a really common ship window; so an order placed on 5/1 would have a cancel date of 5/15. This means as a vendor you can ship anytime within that window, or timeframe &#; you could ship right away on 5/1 or take the full two weeks and ship out 5/15.
This ties back in leadtimes (#1) above as the start ship date would be based on the given leadtime. For example, if an order is placed on January 1st and your leadtime is 45 business days; March 7th would be a reasonable start ship date with March 21st the cancel date.
When visiting a new retailer, you&#;d usually bring samples of your product with you. Bring a good size assortment so they can touch, feel and fall in love with your product; but don&#;t feel you need to bring everrrry color and pattern option. Keep your presentation focused and hit your best selling items &#; you can showcase the rest with your line sheets.
Especially for large accounts, be prepared to answer if you can leave the sample behind for their review and if you want it returned. For large retail accounts, I&#;d just expect to leave a sample behind &#; that&#;s good sign &#; and while you can definitely ask for them to send it back after they review with their team/management; I&#;d advise not asking for payment or charging a fee. If you want to play with the big accounts, you gotta act like one and charging for a few samples gives off a &#;small vendor&#; feel which doesn&#;t instill a lot of confidence that you can handle working with a large account.
If you&#;re concerned about losing money, consider that: 1) you&#;ll easily make it back with the order size they&#;d place so don&#;t worry, 2) you can factor a few samples cost into your total cost of goods so you&#;re not losing out.
As a buyer I can say that 100% of the time when I liked something, we asked to keep a sample. Often we&#;d want to review as a team or show my boss if it was a new vendor we wanted to test. Plus, the samples usually sit around the offices for awhile which helps keep you in conversation, helps others see and discuss and can start additional discussions around your brand.
The below are more common with large retail accounts, but still want to be aware of as you scale and and grow.
Major retailers have locations where goods are initially sent to, then specific quanitites are sent along to stores. This helps cut down on freight costs as vendors are only responsible for shipping to a handful of locations (spread across their territory or the country) and then they consolidate shipments from all suppliers and re-pack and send individual trucks to each store location. If working with large retailers it will be imperative to understand their individual shipping/labelling requirements which is all part of vendor compliance.
For the beginning stages of talking with a large retail account, it&#;d be important just to understand how many DC&#;s they have and where they&#;re located.
A buyer&#;s checkbook. This tool tracks their inventory, future receipts, forecasts sales and markdowns, and provides a roadmap of the &#;open&#; receipts they have to spend (or not, if you&#;re totally overbought oops). So the term Open to Buy literally is what they have available to spend or &#;open to buy&#;.
Can also be referred to as a Stock Projection, because the &#;currency&#; so to speak in retail is based on your stock position in relation to your future forecasted sales.
What this means to you: If a buyer states they have little or no &#;open to buy&#;, they&#;re saying they have very little flexibility in receipts and your sales pitch may change knowing that&#;s their concern.
The term is a little broad in its application, but basically its when/where the sale occurs, such as the register, counter. It can also relate directly to the POS software a retailer uses to conduct a transaction.
You may also hear it when they speak to markdowns; such as POS markdown, meaning the markdown occurred at the &#;point of sale&#; &#; like a discount given at the register. This differs from a Perm MD aka permanent markdown which is a way retailers re-value their inventory for accounting purposes when deciding they need to price lower.
Mean the same, this is the store&#;s name brand. Many retailers have a team that works on sourcing product directly from manufacturers and they develop separate brands to market that product. You&#;re likely already familiar with seeing these brands in stores you shop in (Target, Nordstrom, etc)
The notification a retailer submits to a vendor specifying the items they have agreed to purchase. Style numbers, quantities, specific notes, ship dates, etc. Once submitted, vendors can generate an invoice based on the payment terms.
Most large retail accounts require a partnership that helps support their business financially; or basically a &#;cost of doing business&#; with them.
Markdown Allowances are often negotiated as a percent of receipts (at cost) or they may ask at the end of the month or season to help true up their planned margin. This means if your brand is planned to perform at a 55% margin, but you&#;re coming in at a 52% due to markdowns or having to clearance out certain colors, styles, etc. They may come to you and ask for markdown allowance or margin support. Typically collected on a monthly or seasonal basis.
Advertising CoOp is again usually negotiated as a percent of receipts (at cost) or per specific ad placement in various catalogs, mailings, etc. Typically collected on a monthly basis.
This is a bit of a gray area as technically (ie. legally) it cannot be an amount you just add into the cost of goods, so that you charge them more, just to them send it to them later. But since we&#;re spilling some secrets here, my advice would be to build some cushion into your cost of goods to help support your &#;cost of doing business&#;.
Are you like whhaaaa? If you&#;re at the point of working with a large retailer and you&#;d like some specific insight on your business set up. Please reach out and we can work something out and discuss your specific pricing.
Related to above, for some vendors they may decide they want the sharpest price available; especially if carrying for a special promotion or a specific seasonal buy. In that case, they may want your net cost &#; this would be your regular wholesale price without taking &#;the cost of doing business&#; into consideration. Like I said above, its a bit of a gray area legally speaking, but most buyers are well aware of what we&#;re asking.
The process by which markdown allowances or coop are taken. When they&#;re requesting $1k for markdown or advertising support, vendors do not send retailers checks for that amount. Rather the retailer initiates a chargeback, which deducts that amount from a future purchase order.
So if their next order from you is for $5,000 at cost; they would deduct $1,000 from the invoice and you would receive the net balance of $4,000.
(your worst nightmare&#;.kidding)
Mainly for shipping requirements, each retailer will have their own guidelines and expectations for vendors. You should receive an information packet/links once an agreement is made to place an order or even before then if you want to ensure you&#;re the right partner for them. As I said, the majority of issues we&#;d run into would be related to shipping, so pay close attention to that section and ensure you speak with their compliance department should you have any questions.
WOOOOO. Congrats on making it to the end guys!! This was a LONG one, but I&#;m so excited to share this with you as I want you to go into wholesale feeling confident and without feeling shy or embarrased that you don&#;t understand what retailers are asking of you.
[bctt tweet=&#;Check out the 24 terms makers need to know, plus a free guide to setting your own wholesale terms. via @theshopfiles&#; via=&#;no&#;]
So, are we feeling good and confident? What other questions do you have about wholesale? I&#;d love to answer them in an upcoming post so please feel free to leave any and all questions below in the comments!
If you enjoyed this post and have a friend that would find this useful, please share by clicking one of the links below!
Join over 9,000 product based business + receive actionable marketing tips you can easily implement - today!
"I just need to say that your newsletters are always on point, valuable and applies to every market that sells."
Yasss! You're almost in! Just check your to confirm your subscription.
Are you interested in learning more about China Industrial Fan? Contact us today to secure an expert consultation!
Previous: 4 Reasons Why Big Industrial Ceiling Fans Are Better
Next: Global Industrial Outdoor Oscillating Pedestal Fan, 30" ...
If you are interested in sending in a Guest Blogger Submission,welcome to write for us!
All Comments ( 0 )