If you are wanting to get into the wholesale business, one of the most highly profitable areas to look into is the wholesale fashion handbags niche. Handbags are old-time favorite products which never run out of demand and with fashion regularly changing they have potential to be a very profitable business.
The fashion industry is booming as the world is becoming increasingly more and more fashion conscious. The web has assisted this boom a great deal as it breaks geographical limitations and opens up all styles of cultural influence on fashion.
Fashion accessories have today become a key part of people’s fashion attire, this is more noticeable with handbags which are viewed as status symbols. They play a key purpose in reflecting a woman’s personality and style. The majority of women like to keep up with the latest fashion developments and with the accessibility of a huge variety of unique styles and shapes, there is something to match everyone’s style and price range.
To give you an idea of the vast demand in this sector think about this – women usually tend to complement their handbags with their attire and many wear various outfits on a given day, this means several more handbags! Then you have women who need sensible outsized bags to carry their common items for going to the office or women who wish to display their style to friends so need a designer bag for the weekend. As you can certainly see there is large potential for money to be made here.
With so much competition and the wide range of the unique styles of handbags readily available it can often be mind-boggling to come across the ideal wholesale handbag supplier. Although this shouldn’t be too tricky, it is crucial to look out for a couple of key points when researching for good wholesale suppliers:
Trustworthy – It is very important to examine the supplier’s trading record to make certain they are a legit supplier and not a fraudulent operation. A proven supplier will have a long trading record and must have countless past satisfied customers. This additionally means their items are of good quality.
Quality – Always request samples and check out the quality of handbags. Pay attention to the stitching and fabric used, they need to be fit for purpose. Furthermore in the case of designer handbags make sure that you are not being provided knockoffs, clear signs are second-rate workmanship with inadequate quality materials being used.
Guarantee – Make sure to check out any sort of guarantees being offered by the wholesaler as you are certain to get damaged products now and again but a reputable wholesaler should certainly provide you with a guarantee to handle this. They should have a speedy and efficient procedure for this as you don’t want to end up unsatisfied buyers who have substandard items.
Shipping – Always check just what types of shipping methods they offer you and make sure these are at acceptable cost for the amount of products obtained as you don’t want the shipment charges to be higher than the cost of the handbags! Likewise check the timescales of delivery which is another important aspect to running a successful business.
Stock Variety – A good supplier will have access to all the most up-to-date styles in line with the latest trends so check out their complete stock listing, the more varieties the better.
Pricing – To run a profitable business you have to buy low and sell high. Nevertheless buying low means buying in very big quantities to get a true wholesale price, this may not doable if you have a small startup budget but its most effective to start off small then go on to larger volumes once you have the experience.
Now that you are aware just what to look out for in a good wholesaler, it’s a straight forward case of locating wholesalers. This is fairly effortless as simply running a simple search in the major search engines which will bring up a virtually limitless list. Just bear in mind there are loads of scammers as well as reputable wholesalers so use common sense and remember the above tips. Once you’ve built a trading relationship with them you’ll find many more prospects will open up to branch out to make your wholesale fashion handbags business even more successful.