OUR VISION FOR YOU
WHOLESALE PURCHASING IN THE WORLD OF SUPPLEMENTS
Thanks for visiting CI wholesale. We are one of the only companies able to sell you wholesale on a small scale. Cosmic Icon Wholesale can have just 50 bottles sent out to you within 1-2 days! This is historic, this technology has only been at our use since 2017. And yes we mean even with a custom label. You can get at a MOQ (minimum order quality of 50 bottles) privately labeled to your home or customers in 2 days. We even drop ship single bottles at wholesale prices.
As a fresh entrepreneur joining the vitamin and supplement industry, you have a number of big decisions to make. You do not just have the problem of finding an excellent and a genuine supplier, but you need to decide if purchasing supplements wholesale is the appropriate option to suit your needs.
There are a couple of factors to take into account before you decide to buy your products in large quantity. There are benefits and drawbacks, which means you need to consider each area and see how it is going to have an effect on your new business progressing.
The very first thing that you will know about purchasing supplements wholesale is that whenever you purchase in large quantity, the overall price is reduced. This implies a less expensive per item price, which is often greatly advantageous to any enterprise on any scale. With a more affordable price per item, you possess more control to get hold of your part of the market and get your enterprise progressing.
Needless to say, another advantage on the subject of price is that when you buy in bulk, you just have one parcel for shipment, again minimizing your price further. If perhaps you were buying ten containers, for every bottle you are buying, there is a shipping charge to be paid on each bottle this you have to consider when putting up your sales price. There is a need for you to stay competitive, meaning your profit margins could be lowered dramatically.
Controlling your profit margins is in your hands When your shipping charges per item require you paying less, you can mark up your products, remaining competitively priced with higher profit margin. This implies the chances of you breaking sooner is high. You are most likely be out of the red in 12 months instead of it taking up to 24 months or more. Virtually all new companies don't anticipate to make profits in their 1st year, however, you have to be capable of clearing your bills, which relies on your profits.
Having enough storage place is one big consideration that must be put in place because whenever you order supplements in wholesale, your delivery will arrive in bulk. For instance, working at home and selling your products through online stores. If you have hired a self-storage unit or using your garage for storage, you will encounter zero problems but ensure before making a purchase you have your storage area sorted because your orders will be delivered in large boxes.
When buying goods in wholesale, getting nutritional supplements of good quality may be a problem - even if you are an expert in the health care industry, or perhaps own a health store, or a pharmacy. Several wholesalers make substantial claims for their products when in reality they are not of good quality, therefore you need to be very careful in choosing your supplier. The following five steps should be beneficial.
1. Check for quality and compare nutritional supplements.
Before you decide to get an account with a wholesaler you must take into account the brands they stock. If the products are not well recognized brands then you need to do a comparison between their ingredients and those of other recognized market leading brands.
2. Other customers review.
It is also wise to ask the wholesaler for recommendations, and ensure that you do a follow-up - contacting other customers will assist you to assess the wholesaler. Inquire from the people they mentioned you how their buyers appreciated the products and what their repeat orders look like. In addition, you should make the wholesaler regarding the ingredients utilized in, for example, weight loss and herbal remedies supplements. Ensure unnecessary additives are not added so as to enhance the products. A routine check into the laboratory where the supplements are manufactured, their employment conditions status and what their health and safety record is like is worthwhile.
3. Check Availability.
You should check whether the distributor has stock of the items you need, and your customers varying formulae of choice like lotions, powders, capsules, pills, gels, sprays and so on . It is important to get this right because you will lose sales and potential customers if they don't stock your wants on a regular basis.
4. Check Delivery Times.
You should the methods of shipping used by your wholesaler, how long it takes to get your delivery upon order and your charges for shipping. This helps in comparing the services of wholesalers. Long duration shipping comes with lower charges but you stand high risk of having low stock and losing potential customers. Alternatively, you can place order in advance to avoid losing potential customers. You can also negotiate long term payments but doing this means you are paying for inventory which you don't need.
5. Check for the possibilities of brand customization.
You might have an interest in creating your customized brand identity, therefore, you have to inquire from the wholesaler if that is possible. If you are permitted to label the supplied supplements with your identity. If they can develop new formulae for you especially high demands which they don't have in stock.
Remember, quality stocks and a long-term partner to work with is what you need and not price comparison.
Thanks for visiting.
Raphael Kammer
CMO