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Business fraud Hot off the press Strange and Weird Trends Uncategorized

Shame on you Coca-Cola, shame, shame…..shame

Coca-Cola is telling ALL Whites “to be less white”, the company is providing company training that teaches all Whites are “inherently bad because of their skin color”…..🤔 gee…that sounds a bit racist.
Hey Coke, next time try “to be less stupid”.

https://nypost.com/2021/02/23/coca-cola-diversity-training-urged-workers-to-be-less-white/

Categories
Business trade shows Trends Wholesale

CHAMPS VIRTUAL SHOW – July 7th, 8th and 9th, 2020

CHAMPS TRADE SHOWS invites you to participate in the first TRUE virtual trade show for the counter-culture industry!

What is a CHAMPS Virtual Trade Show? It’s a complete virtual landscape where they will digitally create the full CHAMPS Trade Shows experience. This isn’t a simple Zoom Room or a website, this is the largest B2B networking trade show ever fully built out within a virtual landscape. Completely unlike any other that you’ve seen before. Don’t worry, CHAMPS will be there to help you every step of the way on using their new platform.

CHAMPS is excited to be able to offer you this incredible digital experience this July 7th, 8th, and 9th from 10AM to 5PM PST DAILY. Please register today and experience the show of tomorrow.

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Business Hot off the press Retailers Uncategorized Wholesale

Supply Chain Rebooting?

Microsoft and Apple have both announced updates to their revenue guidance Q3, FY2020.  A slow supply chain has been one of several reasons provided for these altered forecasts. Goldman Sachs has predicted that “US companies will generate no earnings growth in 2020. We have updated our earnings model to incorporate the likelihood that the virus becomes widespread.”  This is just some of the fallout COVID-19 otherwise known as coronavirus is having on the global economy.  The report further states, “If COVID-19 spreads rapidly, supply chain delays could persist, US consumer demand could plummet, and firms could lay off workers in an effort to maintain margins,”

 

When a significant supply chain is all but stopped, starting again can be slow going. Industry giant Coca-Cola has become concerned that supply chain shortages could impact its beverages, those which have ingredients sourced directly from China.

The CDC has warned that COVID-19 will continue to spread, consumers in areas of infection can’t shop for products, shops find themselves without customers and close, factories then lay off workers and the cycle repeats.  If the outbreak is limited to mostly China activity could return to normal by 2nd QTR.  Unfortunately, the spread seems inevitable and is no longer if but when.

So, what can businesses do? planning for possible disruptions is going to be their best course of action, suppliers should ensure they have alternative supply sources ready.  They should also take advantage of supplies that are available now, they may not be later.

Start Finding NEW suppliers at GetThatWholesale.com

Categories
Business How To's Wholesale

Working with NEW Sources – Tips!

Look for a GREAT first impression

You’re probably going to be cold calling a wide variety of potential suppliers. Those first impressions provide a basic sense of what they might be like to work with.  Watch out, for those that are slow to provide responses, images, product details, or shipping rates. It may mean they don’t value those core customer service basics, they’re understaffed, or they’re disorganized.

Avoid businesses that don’t publish a phone number, email is ok but for some things, a call is absolutely really necessary, if you cannot call them now – you won’t be able to later if there is a problem.

get connected

Categories
Business Featured Wholesalers Trends Wholesale

Getting a Return on Your Investment

Returned merchandise is big business and a tremendous opportunity for small retailers of every kind.  You get practically new, name brand products at unbeatable wholesale prices.

 

11% of all purchases nationwide are returned.  Customer Returns have created a billion-dollar industry for those who know how to flip these products into profit.  Many secondary marketplaces have sprung up to capitalize on the industry, they acquire refurbished and used items and then flip them back to businesses at almost cost.

 

Categories
Business Self Defense/Security Wholesale

Support Veteran owned Businesses

We are all familiar with the holidays designated to celebrate and commemorate those who have served and sacrificed so much to protect our country and our freedoms.  Recognizing our veterans at these times is wonderful but many often go unnoticed once they return from military service.  These brave men and woman blend into society, many start businesses of their own employing other veterans.

Supporting veteran owned businesses is good business, your wallet has a voice. Next time you are looking to source merchandise consider patronizing one of these companies.

This month we highlight one of these veteran owned businesses, Safety Technology.

Founded in 1986 by Michael Gravette and his wife Nancy, Safety Technology believes that every person has the right to self-defense. They support this right by providing a full selection of non-lethal self-defense devices, hidden cameras, survival gear and surveillance systems through their Network of Authorized Dealers.

Michael joined the Air Force in 1967 and was selected for Intelligence School, later given Top Secret Clearance, then upgraded to SSIR; Super Sensitive Information Restricted. In 1969, at Tan Son Nhut Air Force Base in Saigon, Michael was responsible for reviewing film taken by reconnaissance planes. He would look for troop movement, truck convoys, hidden AAA sites (anti-aircraft artillery) and SAM sites (Surface to Air Missile) that could shoot down our pilots. Michael’s intelligence reports were not only used by the Air Force, but also the Army, Navy, Marines and the Pentagon.  Michael served his country well, and came home to a country divided, definitely not to a hero’s welcome. Incidentally, little did he know he would be in the “spy business” someday!

Categories
Business How To's Wholesale

5 Tips for working with a NEW Supplier.

So you found a new supplier, that’s great!  Here are some helpful tips towards long term success.

 

  1. First Impressions count!

When starting out or even after your business is established you’re probably going to be cold calling a wide variety of potential suppliers. Those first impressions will give you a basic sense of what they might be like to work with.

Watch out, for those that are slow to provide responses, images, product details, or shipping rates. It may mean they don’t value those core customer service basics, they’re understaffed, or they’re disorganized.

I specifically avoid businesses that do not provide a phone number to call them, email is ok but for some things a call is absolutely really necessary. This is one of those times, if you cannot call them now – you won’t be able to later if there is a problem.

  1. Communication is KING

Once you have started a relationship, keep your communication door wide open.  This could mean all the difference when your supplier decides to discontinue a certain product or worse experiences procurement issues.  Finding out you cannot fulfill an order for your own customers is never good for business.  Always keep the lines of communication open and you can avoid most obstacles with lots of notice.

 

  1. Become “Friends”

Social media is a great way to stay informed.  Suppliers routinely use this platform to provide specials, deals and one-time offers.  Follow your suppliers and stay on top of what they post, you could easily find yourself in an advantageous position just for being a “friend”.  This also provides another method of communication, definitely a plus.

 

  1. One is none and TWO is one…

It’s never wise to have all of one product come from one supplier. A supplier can close down, suffer health issues, fail to procure product on time, or run into shipping difficulties. Keep yourself covered and try to spread yourself out among several, this way you should always have a source if needed.  Suppliers know you get products elsewhere so there is no need to hide this fact, if they ask tell them and you might find yourself receiving better customer service since they know you have options.

 

  1. Nobody’s perfect

Everybody wants the best deal, experience etc. Applying perfect expectations to any supplier is ultimately going to provide you with disappoint.  Remember this works both ways, all relationships require both sides to put in work.  You can hold suppliers accountable while still be reasonable.  You might be surprised how well your understanding and patience is received.

Categories
Business Strange and Weird Trends Uncategorized Wholesale

GetThatWholesale Interviews Honeys Place

Brian is the Web Accounts Manager for Honey’s Place, he offers his expert opinion on the Adult Novelties industry.  Our business is your success! Honey’s Place works hard to ensure your experience is always personal, profitable and successful. We offer state of the art order processing and drop shipping services.

GetThatWholesale: Could you provide a brief sketch of your background and industry experience?

Brian: In May 2000 I started as a sales associate at the Hustler Hollywood store on Sunset Blvd. I was eventually promoted to Inventory Control Manager of the store (maintained inventory, placed all orders, received all product, and made sure it was properly merchandised and/or backstocked). I worked there until April 2008. I have been with Honey’s Place as a web account manager Since April 2011.

 

GTW: It would certainly seem that the market for adult novelties has become huge in recent years. Is this so, and if so to what do you attribute this rise?

B: I think the “mainstreaming” of porn and the rise of up-scale women/couples friendly erotic boutiques has hugely contributed to the increase in market size. Companies aren’t sleazy as they once were, the new generation of owners/producers see it as a serious business.

 

GTW: How does the profit margin on adult toys compare to other retail niches?

B: The profit margins are normally a little higher than normal retail.

Categories
Business E-commerce Featured Wholesalers Hot off the press How To's Wholesale

Source Your Inventory From Top Retailers With BULQ

 

BULQ is disrupting the liquidation industry by offering a manifest guarantee, flat-rate shipping and the ability to source on the go.

BULQ is striving to disrupt the liquidation space. They’re a sourcing solution that is committed to providing resellers with the best possible buying experience. Because BULQ’s founders have experienced, first-hand, the challenges to sourcing, they have created a sourcing platform that offers a more modern and accessible approach to the liquidation industry.

What Sets BULQ A Part From Their Competitors?

What really sets BULQ a part from its competitors is ‘The BULQ Promise.’ The three main pillars of this promise include a manifest guarantee, flat-rate shipping, and dedicated support.

BULQ’s founders understand that a major pain point for customers is wasting money on lots that don’t match the manifest, they decided to implement a manifest guarantee. If the manifest is off by more than 2% in terms of condition and quantity, customers can make a claim for reimbursement.

Another frustration in the industry has been around high and unpredictable shipping costs. BULQ has made the shipping process super simple, offering flat-rate shipping. Shipping  is $30 per case and $200 per pallet. Inventory can also be shipped directly to a buyer’s door, no lift-gate required.

The final part of the BULQ Promise is the brand’s dedicated customer care team. Agents are available 6 days a week to answer questions and or provide other assistance either over the phone or via email.

Categories
Business E-commerce Featured Wholesalers How To's Trends Wholesale

101 Hints & Tips for Flea Market Success

Research and Preparation

  • Find the market where you’d like to sell. Flea markets seeking out vendors usually advertise on Craigslist, local newspapers, and via online venues such as news station chat boards. Check these avenues out to find a market in your area, or ask friends about the markets they like to shop.
  • Observe and take notes. Scout the market you’re considering for your booth and look at the population, the products being sold and their prices. Note any trends that you identify.
  • Note other vendor’s prices. Your prices always should be close to or ideally below the prices of your competitors, especially if there are many of you selling the same types of items at the same flea market.
  • Depending on your city, county, and state requirements, you may need a tax ID number or resale license. The flea market office can usually tell you what you’ll need, and many have the paperwork available onsite.
  • Try to reserve a booth as close to the entrance as you can. This will ensure that buyers entering and leaving the flea market will see your booth first, and then again as they prepare to leave. The more visibility you have, the better!
  • Pay for your spot in advance if possible. Sellers all tend to arrive at the same time and stand in line for a spot. Maximize your chances of getting a spot in the best area by knowing who you’ll need to talk to and where you’ll need to go. If the market offers that option, paying ahead guarantees that you’ll have a spot.
  • Ask the flea market owner if they provide any additional services to their vendors. Some provide a newsletter to their vendors that gives them business tips, local auction dates and times, recommended places to buy products, etc.
  • Choose the highest traffic booth space, if you have a choice. If entrance spots aren’t available, try to be near other booths or concessions that will attract the sort of traffic that you want.
  • Invest in a pop up shelter, as well as some good folding tables and folding chairs. Make sure you have some anchors (such as 2 ½ gallon buckets full of sandbags or cement) that you can use to hold your shelter down if the wind picks up. Tables should be clean, or have some table cloths (preferably solid colored) to cover them with. Presentation is very important to buyers and will help increase sales.
  • Setting up a canopy will not only give your space a professional store-like appearance, it will also give you protection from the hot sun or rain. After setting up your tables, arrange your merchandise in an organized manner. Remember, a junked-up messy area can take away from the value of some items. It can also cause people to start tripping all over the place.
  • If you need electricity, bring extension cords! Most flea markets have power outlets available but they are not necessarily going to be near your booth. You can often hook up to one of your neighbors’ power supply if you bring your own extension cord.
  • If the flea market doesn’t specify a setup time, get there early. You want to have everything ready to sell when the customers arrive, and they will arrive the moment the flea market opens.
  • Make up a cash box ahead of time with plenty of change, and note down the total amount so that when you can take out the day’s receipts, the box is ready for next time. At the booth, keep the cash box close by and out of sight.
  • Use a tote bag to assemble a kit of things you’ll need such as tools, marking pens and tags, tape, paper towels, etc. Leave the kit packed and ready to go each time. This saves time on sale day and helps ensure you don’t forget anything.
  • Be prepared with the following: pens, pencils, markets, a notebook, price stickers or tags, extension cord, bungee cords, zipties or Velcro straps, safety pins, shopping bags for customers, wet wipes or hand sanitizer, tape, scissors, calculator, business cards, sunscreen, bug spray, aspirin/ibuprofen, a small cooler with water.
  • If you sell clothing, fashion accessories or shoes, make sure you have a full length mirror in your booth. Shoppers love to check themselves out before buying an item – don’t lose out on a sale because a shopper can’t see what she looks like in the coat she is trying on!
  • Bring more than you intend to sell. You may still end up bringing things home but it’s best to have a variety of items always available rather than seeing your stand get depleted throughout the day. Full stands attract more buyers!
  • Don’t be afraid of bringing items you think you won’t sell. There is a market for everything and at the right price, anything goes!
  • If you can, bring someone with you. Not only will it be helpful to help you set up and tear down without spending hours on it, but it will also allow you to step away from the booth for a few minutes during the day and see what others are selling at the market.
  • Having someone with you can also help wait on customers and watch for shoplifters. Professional shoplifters often work in pairs. One person will distract the vendor with questions, while their partner steals items.
  • Make and bring change! Make sure you have all kinds of coins (especially quarters) and small bills. Many people are likely to show up with $20 bills and you need to make sure you don’t run out of change in 3 or 4 transactions.
  • Pack a cooler! Most flea markets have a snack stand or place to get something to eat and drink but if you’re really busy, you might not have time to step out. Bring a cooler with ice packs, water, small snacks or anything to hold you over through the day.