Wholesale Bags – Top 3 Facts You Need to Know About the Wholesale Bag Business
Most women go crazy about bags. Some find that designer bags are mirrors to their femininity. Still other view trendy bags as fashion statement that shows the status of the woman in society. In part, trendy bags add to the attractiveness of an outfit. These observations are enough reasons then for entrepreneurs to go into the wholesale business. However, like any business, you should be cautious and learn about some truths about the wholesale bag trade.
Here are the Top Three truths that any aspiring entrepreneur should know about Wholesale Bags.
1. Fashion is always the Name of the Game.
Everybody wants to look good. Vanity sets apart showbiz stars from regular folks. However, these regular folks caught up in the vanity race thanks to entrepreneurs and drop shippers selling designer bags. Now, even a regular student can obtain a Louis Vuitton just by a click of a mouse. For you to be competitive with fellow entrepreneurs you should be updated with the current trends in the designer bag industry. Drop ship vendors are updated with these trends so it is better for you to partner with a drop ship and wholesale outfit that keeps track of the current fashion.
2. The Price Should Always be Right.
There is no better feeling than to own a trendy bag at a very affordable price. This is an advantage on your part as a wholesaler. Knowing the current price trends, you should make sure that you offer the most affordable price but not necessarily the cheapest. You can offer freebies just to offset this price difference. However, the quality of your product should never be compromised. Client still prefer quality over quantity. Take advantage by offering a quality product at an affordable price. Of course this price tag still depend on your drop shoo supplier so make sure your vendor is reliable and stable.
3. Quality is the priority.
Do you think a client would be happy if a product he or she bought from you was easily broken? The answer is obvious. Sometimes the price of a product reveals its level of quality. This is the reason I advise some entrepreneurs to offer prices at a level equal to the quality of the product. The basis of the wholesale bag business is always quality. Fashion is first but quality is the priority. It is an unwritten rule that customers always prioritize quality. Never listen to those people who tell you to compromise. Remember it is your business name that the product is carrying. Whatever feedback given to your product will ultimately affect you.
The moment you decide to sell designer bags in the wholesale market keep in mind that fashion, price, and quality determines your success or failure in the Wholesale Bag Business.