Wholesale is the sale of goods to businesses that intend to resell them, rather than to the final consumer. A wholesale business is a company that sells products in bulk to other businesses, typically at a discounted price. Wholesale businesses play a crucial role in the supply chain by providing retailers with the products they need to sell to their customers.
There are many benefits to starting a wholesale business. Wholesalers can enjoy high profit margins, as they can purchase products in bulk and sell them for a higher price to retailers. Wholesale businesses can also benefit from economies of scale, as they can spread the costs of fixed expenses over a larger number of products. Additionally, wholesale businesses can build strong relationships with retailers, which can lead to repeat business and increased sales.
