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Knowledge Base Articles
Wholesale Business - What Are All the Significant Functions of Wholesalers?Wholesalers are the middlemen between the manufacturers and retailers. They mediate between other wholesalers and retailers as well. They buy products from producers and sell them to retailers. In most of the cases they avoid dealing directly with end users. Their functions include negotiating prices with manufacturers, promoting the business, handling the products, processing inventory and data, pricing, budgeting and financing and assisting the clients in marketing. Though the wholesalers can be eliminated, their functions must be taken care of by some other body like producer or the customer or another mediator. Very few manufacturers will have time to concentrate on such marketing activities and they cannot sell piece by piece according to the end user's requirement. Eventually the consumers will not require products in bulk as well. There must be someone to purchase in bulk from the manufacturers and sell them piece by piece to the end use
Where And When To Use Promotional ProductsTo aid visibility exhibiting at trade shows, for new product launch, sending gifts to customers. Using Promotional Giveaways is the solution to target a wide range of audiences, and will impact your customers with instant effect. Recurring business It is generally accepted that fresh customers who receive promotional products will, on average, return sooner and more often; also, they will spend more money than new customers who, for example, receive coupons. Incorporating a Promotional Item with a mail promotion will increase the number of replies by 50% and the use of Promotional Products as an inducement to respond will generate four-fold the number of replies compared with a typical traditional sales letter. Use of business gifts and promotional items Promotional products and gifts can be implemented in a vast variety of areas, such as Trade Shows, Conferences, Marketing Campaigns, Anniversaries, Exhibitions and Openings. Staff Incentives, Customer Loyal
Customized Water Bottles Add a Nice Touch to Any EventEvents are a source of personal memories and everybody tends to make them as memorable as they can, to make them a good portion of their personal life experiences. Events may come and go but the memories of those events last forever. Customizing an event will make it exclusive and memorable. Every product and person participating in the event should talk about the event, not just during the event but also after then event is over. That can only happen if they know about that event well and they are able to resonate it with themselves. Customizing the products according to the specific events makes them talk about that event. That can only be possible if the products being used in the events are labeled according to that specific event. Bottled water makes a huge proportion of the products being used in any event (birthday, wedding, trade shows). These bottles take much more importance than any other product being used. Customized bottled water
Which City is the Financial Center in China?There is a long time debate in China about the following question: Which city is the financial center in China? If you raised this question 10 years ago, the answer is definitely Hong Kong, but now Shanghai is catching up really fast, and Shenzhen, a city near Hong Kong, is grabbing more attention. Shanghai used to be the financial center of China for a long time. When I travelled to Shanghai I heard quite a lot people talking about the old Shanghai, they said the city used to be called the Eastern Paris in the early 20th century. That city became history when the Communist took power and shut down all stock activities. The old stock dealers were worried about their asset being captured by the government, they chose to leave Shanghai to Taiwan or to Hong Kong, which made this small city full of financial talent. Due to the immigrants coming to Hong Kong, the city developed really fast after the second world war, and made it become a am
What to Look Out For in Wholesale Drop Shipping CompaniesIf you are planning to start an online business as product retailer, it helps to know that you can work with many other companies to maximize your business profit. For example, you can work with wholesale drop shipping companies to provide efficient product supply and delivery service to customer. It is a form of retailing where the goods are kept by wholesaler instead of retailer. Customer's order and shipment details are received by retailer and passed to drop shipping companies. The job of preparing and shipping of good is done by wholesaler. Both sides profit in different ways. Retailer's inventory management risk is passed on to wholesaler and wholesaler gets to rely on retailer to promote products on their behalf. There are lists of legitimate wholesale companies that you can find online but there are also many scams involving bogus companies or individuals. They claim to be able to help you deliver goods to customers and ask for payment