Hypothetically, if there was an item you could buy at a 15% discount
and display in a place in your store that normally wouldn’t be used
for display (right against the pane of the window), would you buy
this item if you knew it was going to be a draw?
The retail mark up is not great, but the display space is not used
normally and the items are a good gift (45 retail)
Also, how does a person get into a wholesale show if they are in the
business plan stage? How can I figure out what kinds of items I
would like to carry if I don’t have access to a show?
Also, how does a person get into a wholesale show if they are in
the business plan stage? How can I figure out what kinds of items I
would like to carry if I don't have access to a show?
You contact the promoters and get a pass. Show your credentials that
you’re in business, etc., evidence of other shows done in the past,
and I’ve heard they’ll give you a visitors pass to walk the show.
Hi Kim, I own a retail store and I would never put a piece of
jewelry out if I was only making 15%. This would not come close to
paying for the expense of selling it. As for not getting into shows,
during the business planning stage, just go into the type of retail
stores where you would like to sell your pieces. Don’t worry about
your competition, just worry about your future customers. Good luck
and send me pictures.
First you have to make sure that it truely a biz wholesale show. It
seems that there are a great number of whole–sale shows that are
being put on like the traveling artist shows.or other shows that
tout low low prices. If you see it in a general publication, local
newspaper, TV or on the bull board at the grocery store. Or if you
can pay a fee to get in, if you don’t have biz papers. It probably
not a true wholesale/trade show. As to what you need, It will depend
on the local you live in. Minimum will be a state/local sale tax
license. Assumed name papers county/state/ local as are required. (
If the name of the biz is different than yours) So if you owe taxes
they can track you down LOL. Letterhead/biz cards. These should get
you in almost most shows. And also most sellers that will send you a
catalog price list with their knock off per cents and requirements.
For a retail outlet in a locality you will need a pile of permits,
licenses and inspections (fees). Just think of the weaselly politico
you elected last time.
And don’t be shocked at the fact that some things in the jewelry/art
metals field aren’t wholesale are the suppliers. Its just the way
things are done and have been done in alot of fields. Hope this is of
some help.