Starting a trampoline wholesale business, means you will be buying trampolines and trampoline parts to sell at a profit, much like a retailer world.
The only difference is that you will be working in business –to- business realm.
You will be selling to retail trampoline companies and other trampoline wholesale firms like your own, and not to the public.
In this article I will discuss a variety of steps that you have to take on your path to establish a successful trampoline wholesale business.
1.Have the required skills
First and foremost, there is need that you should have the required skills before getting yourself in to the game.
One of the main skill that you should be equipped with is a good negotiation skills.
This refers to your ability of buying trampolines and its parts at a cheaper price from the manufactures and being able to make profits after selling them through making the deal seam attractive to your customers.
To be able to do this, experts suggest that you should have a sales background and the “people skills” so that you are able to hit the streets and/or pick up the phone and search for potential clients.
2. Study the trampoline market
It is advisable that you get to study the trampoline market. You can simply get this executed by first consulting an individual who is already in the trampoline selling business.
Do this by talking to those individuals who have their trampoline business set up in another city simply because your local competitors are not going to give you the information that you need.
In fact, these foreign competitors are willing to even share start up ideas with you.
This step therefore calls that you contact a number of trampoline business owners.
3.Find a reliable company that manufacturer quality trampolines and trampoline parts
As a trampoline wholesale distributor, your initial steps while venturing in to the entrepreneurial landscape, you will need to define your customer base and also move a step further and locate a reliable source of your products.
It is important that you do research to locate a trampoline manufacturing company that produces quality products. It is a guarantee that by selling quality and price friendly trampoline products to your customers, you will within no time establish a good and permanent customer base.
4.Setting up a shop
Considering the fact that trampolines and their parts are large and hence take a much bigger space for storage and display, you might find the need to rent an affordable spacious room for storage.
Location of your trampoline wholesale business is also important to the growth of the business.
More often than not, such business premises are located off the beaten pathways and not in down town shopping area.
The location should be of a close proximity to your clients.
5.Start out your business
You can decide to start from scratch or buy an existing business.
Assess your financial situation and make a decision whether you will be doing the business full -time of part -time basis.
A full time commitment will mean quick success because you will be devoting all your effort to your new company.
Like any other wholesale business your trampoline wholesale business will require that you perform sales and marketing, accounting, shipping and receiving and customer service functions on a daily basis.
Also you should handle tasks like contacting existing customers, processing orders, supporting customers who need help with problems that they crop up and doing market research.
Trampoline wholesale businesses have taken roots in majority of the cities and this means that you will definitely face a stiff competition.
To avoid or rather stay alive in the trampoline selling market, you will need to find a way to promote your business to retailers.
A good way to execute this is by joining a professional network like the national association of wholesalers or even launching your own company’s website which will provide a platform for your customers to see the type and quality of merchandise that you sell.
Conclusion
A wholesale business is quite a large business investments and this therefore calls that you have enough knowledge skills and capital.
This is due to the fact that you will be running an independently owned and operated firm that buys and sells trampoline products.
A full time commitment to such a business will mean quick success.
If you need any help when you want to start your trampoline wholesale business , freely contact our support team.