The truth is, if you’re in business then you don’t have to be rich to be concerned about money, money, money! Every dollar you save is absolutely crucial, and the more dollars you save, the more capital you will have to plough back into your company. If you want to thrive, succeed and expand as a business, then you’ll need to think about cost savings at every opportunity.
One excellent and intuitive way to save money is by buying in bulk. If you buy in bulk, then you will be able to buy your items at wholesale, rather than retail prices. The savings you make can be quite staggering, and they will free up vital cash that can be used elsewhere.
Here are 5 quick tips on how you can save money when ordering material handling equipment in bulk.
1. How Will Ordering Material Handling Equipment in Bulk Benefit My Business?
The key aspect, as mentioned above, is money. Wholesalers are cheaper than retailers, and buying in bulk is cheaper, per unit, than buying on an individual basis. You may ask yourself, why is this?
First, a retail premises has significant overhead. A retailer is basically a showroom – goods are on display, helpful staff is always around and a retail premises is always brightly lit and warm. People go to retailers if they are not completely sure about what they want to buy, or even if they’re unsure if they want to buy anything!
Companies more than individuals or members of the public go to wholesalers. They already have a very concrete idea of what it is they wish to purchase. Wholesalers are in the business of supply – you want it, they have it. To this end, there is less pressure to make sales at the business end, so no flashy displays or pushy sales staff or brightly lit showrooms.
By purchasing via a wholesaler, you are generating money for them, and as their overheads are low for the reasons described above, their prices are much lower as well.
2. Why is Buying in Bulk So Much Cheaper Than Buying on a Per Unit Basis?
There’s a lot that goes on – even with a wholesaler when it comes to complete order fulfillment. An ordered item has to go through the inventory system, be picked, be sent to the area that deals with logistics, packaged, checked out and then delivered. Imagine if a company, when faced with one hundred orders, had to do this one hundred times. They would lose money – on a per unit basis – with the time taken to get the item through the ordering process, package, and then ship.
How much easier would it be for a supply company to be able to send all one hundred items in one order? How much money would they save if they pushed such a bulk order through their processes, packaged the order as one and then shipped to one delivery address?
The answer to the second question is ‘a lot’! That’s why decent discounts are offered on bulk purchases, and why such discounts are passed on – at least in part – to the purchaser.
3. Wholesalers Appreciate Your Repeat Business
Even for wholesalers, margins can be tight. Despite saving money through selling in bulk, they often shy away from launching country-wide advertising campaigns, and having massive displays on billboards all around major retail centers.
Wholesalers rely on two main tactics in order to attract customers. First, word-of-mouth. A wholesaler will sometimes bend over backwards in order to give you good service, so you can really reap the benefits. They do this because they want you to recommend their services to other people you might know who may wish to use them.
Secondly, they want to see you time and time again. A retailer is only really interested in making a single sale, mainly because when it comes to consumers there are plenty more fish swimming in the buying sea. A wholesaler thrives on repeat business, so they will really want to go the extra mile for you. They will work with you so that they really get to know you and your business. That way they will understand how they can best serve you. If you have a satisfactory experience with them, the chances are you will use their services the next time you are looking to fulfill a bulk order of material handling equipment.
4. You’ll Get a Wide Range of Specific Items
A retailer sells a few models of many items within the same niche. A wholesaler typically sells niche items, but many models of each, giving you greater variety. The main benefit of this is choice – you will get to pick from many items, all of which are capable of performing the function you’re looking for when it comes to material handling equipment. Because you’ll have access to such a large stock of products, you should be able to precisely find an item that exactly fits what you are looking for.
Choice can be confusing, but as a wholesaler is typically an expert when it comes to the supply of the items you are looking for, they will be more than willing to help you make the perfect selection.
5. The Best Tip for Purchasing Material Handling Equipment in Bulk
Make your purchase from Douglas Equipment! Here at Douglas Equipment we tick every box for each tip that’s listed above, and we’re ready to help you make the perfect decision when it comes to your material handling equipment purchase. Our friendly staff is always ready and able to take your call – simply dial 1-800-451-0030 to reach us. You may of course use our online contact form as an alternative and we’ll follow up with you via email or phone as soon as possible.