Understanding the Product
Primarily, wholesale business focuses on what you know about the product. Then you look at the trends and the demand for it. You have to locate the best source for the product to make a competitive offering.
Understanding the Demand & Supply
Once decided what products we can take on, we need to locate the best source for the products. In the meantime, we locate customers to whom we can offer these products.
Understanding the Logistics
The logistics are the most important aspect of this. We need to timely arrange products and plan our process so that we can keep overheads to a minimum, purchase products timely, and forward them to our clients in the smallest possible time window.