In addition to the cost of your wholesale merchandise, shipping costs will have a significant effect on your profit margin. Therefore, you will want to keep costs as low as possible. One of the best ways you can do this is to buy container-sized loads.
The more wholesale dollar store merchandise you buy at one time, the fewer orders you will need to place. Obviously, with fewer shipments coming to your store, your shipping costs will be much lower. Loads that are only halfway full certainly will not benefit you or the shipping company as much.
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It is important for you to understand this is a difficult balancing act though. It may not be possible for you to order everything you need at the same time. If you order a lot of wholesale dollar store merchandise, then you will need to have storage space for it. You can wait until the quantity of merchandise on the shelves is getting lower before placing your order. Just make sure you do place your orders well before you actually run out of merchandise.
Some store owners are unable to buy container-sized loads of wholesale dollar store merchandise because they may not have the financing. However buying in bulk can save you a lot of money if you are able to do so. In order to take advantage of these wholesale merchandise deals, you may want to consider forming a partnership with one or two other store owners in your area.
Also, take the distance your wholesale dollar store merchandise has to travel to your store into account. The longer your freight stays on the road, the more expensive it will be for you. That is one reason you should try to find a high-quality supplier located as close to your store as possible.
With the price of gas constantly fluctuating, the price of shipping is going up and down with it. If you look hard enough, you may find a few suppliers willing to offer you prepaidshipping, whenever you buy wholesale merchandise from them. Besides prepaid freight, you could also benefit from flat fees or freight caps.
Make sure you keep track of all inventory in your store. If certain wholesale merchandise is not selling really well, then you will likely want to decrease the amount on the shelves. You will not want to take up a lot of space in your container-sized loads for these items. It would be much more profitable for items that are selling well to take up this space.
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