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Wholesalers are those who sell in bulk, while retailers sells in smaller quantity. Between the both, which one do you think it’s more profitable?
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It's depends on the market condition, and also depends on where retailer market his or her products. But the only thing is wholesalers sometimes offer exclusive or hard-to-find products that may not be readily available in the retail market. This can give businesses a competitive edge by offering unRead more
It’s depends on the market condition, and also depends on where retailer market his or her products.
But the only thing is wholesalers sometimes offer exclusive or hard-to-find products that may not be readily available in the retail market. This can give businesses a competitive edge by offering unique items to their customers.
Meanwhile retailers can achieve higher profit margins by purchasing goods at wholesale prices and selling them at a markup. This means they can make more money per item sold compared to buying products at retail and reselling them.
See lessWholesale means you sell in bulk. You set a small profit margin per product but since you are selling in bulk you will make a lot of money even with a single sale. retail means you sell individual product. You set higher profit margin per product but you will be selling fewer products so ultimatelyRead more
Wholesale means you sell in bulk. You set a small profit margin per product but since you are selling in bulk you will make a lot of money even with a single sale. retail means you sell individual product. You set higher profit margin per product but you will be selling fewer products so ultimately you will be making less money. retailing also requires marketing and promoting as there is a huge competition.
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