For any gift shop retailer buying products, ensuring you have the right wholesale partner is a key part of the equation.
A great gifts wholesaler will supply you with an extensive range of high-quality products, and consistent customer service keeping you updated with the latest trends. The wrong wholesaler, however, can lead to poor quality stock, gaps in the supply chain, and disappointed shoppers going elsewhere.
So, what do you look for when choosing the right wholesale partner?
If your shop only stocks high-end products, it’s essential to ensure your wholesaler’s catalogue aligns with that. But even if you are looking at higher-cost goods, your wholesaler should be able to offer you a healthy resale margin.
Similarly, research how wide their product range is. A unique and diverse selection will allow you to source unusual items which set your gift shop apart from your competitors. Their brand values and yours will also be similar and complementary.
The right wholesale gift provider will stay updated on current trends in the market and consumer preferences. They will update their product ranges based on various insights and will keep you informed of the changes.
This is important for any gift shop because staying on top of current trends can boost sales to new and existing customers.
This is incredibly important so you can maintain inventory levels and avoid stockouts. The last thing you want is a wholesale partner sending goods a month late, leaving you with disappointed customers. A conscientious wholesaler will have a stringent delivery process in place and will keep you informed so you can keep your customers up to date.
The UK wholesale gifts market is very competitive, and as well as interesting and unique ranges, you need a solid marketing strategy in place to maximise your sales opportunities.
Gift wholesalers will supply you with marketing materials and support, which can greatly benefit your gift shop. This is particularly pertinent if you’re a small independent without the backup of a dedicated marketing department or manager. There are many gift wholesalers to choose from, but considering these factors can help you pick the right wholesale partner who will help you successfully grow your business.
Contact us to learn more about our range of high-quality wholesale gifts and how they can add value to your store.