Whether you’re a longtime jewelry shop owner or brand new bead enthusiast, the process of buying wholesale can be an intimidating task. From completing government paperwork to deciding on appropriate quantities, many crafters miss out on the many advantages of wholesale purchasing because they simply don’t understand how to do it.
This expert guide breaks down the complications of wholesale buying into simple tips that will have you expanding your small business or hobby in no time.
What Does Buying Wholesale Mean?
Buying wholesale means to purchase directly from the bead manufacturer, rather than a retailer. Wholesale products are sold in much larger quantities than those of retailers, who typically purchase the wholesale product themselves and sell smaller quantities at higher prices. By purchasing straight from a supplier, the consumer essentially “cuts out the middleman,” avoiding price markups while still getting beads straight from a trusted source.