Friday, 28 April 2017

Clothing Retailers: Cut The Cost, Double The Revenue with These 4 Simple Ways

wholesale clothing suppliers

In this hyper competitive market, one of the biggest challenges for the clothing retailers is to up their profit margin-which is, to lower their overall cost. If you’re struggling with the same, today’s your lucky day. Here we reveal 4 simple ways with which you can cut the cost and double the revenue of clothing business:

Purchase from one of the top wholesale clothing suppliers

This is important. Top wholesale clothing distributors or suppliers offer their collection at a fairly affordable price range. So take your time to find such dealers.

Limit the varieties in your warehouse

The more varieties you have in your warehouse the more you’re going to have to spend on them. So instead of wholesaling everything, be selective; know what your customers want and stock only those types and varieties of wears.

Adapt to Dropshipping business model

Dropshipping is the new business model that online retailers are going after. Not having the need to handle the inventory and processing the order straight from the wholesalers to the end-customers, the overall cost lessens significantly.

Stop selling at “cheapest” price

It’s widely popular that to sell more you must sell at the cheapest price, or that the customers always look for the cheapest wears. This is true only to an extent. Instead of focusing on the price, you should prioritize quality atop. Better quality always sells, regardless the price.

These are 4 simple ways for clothing retailers to cut back their overall cost and double their revenue. Good luck!!