Another #wholesale strategy

Before discussing the marketing strategies for wholesale distributors, let’s brush up the definition of wholesale marketing.

Wholesale marketing is all about promoting your goods to retailers or institutional buyers for wholesale orders.

Generally, wholesale orders are high-ticket size & bulk quantity. Therefore, they aren’t as easy to get or close. To be successful, you will need to plan & execute an effective marketing strategy.

While ideas are good, what really matters is execution.

In the US, the wholesale is one of the booming industries. As per a data, wholesale trade generates over $8262 billion in revenue every year. Moreover, it employs over seven million people.

To succeed as a wholesale distributor, you need to focus on the following 3 basics:

  • Pricing
  • Quality
  • Service

With the aforesaid in mind, let’s explore some marketing ideas for wholesale distributors.


1. Offer Referral Incentives To Existing Customers

Most of your existing customers would be happy to refer you a new customer. How?. Simply offer them an attractive referral incentive.

Now, you may think like “Even for an incentive, why would they refer their competitor?”. The answer is simple. Not all people belonging to a particular industry are competitors. There is something called networking.

Example: Imagine you are a wholesale distributor of electric wires. Can one of your clients (like a civil contractor) refer to an electrical shop or retailer?. Yes, the chances are high.

So, what are the different kinds of referral incentives you can offer?. The following work the best:

  • Trade discount for next order
  • Cash discount on outstanding payment
  • Instant cash reward
  • Free stock/goods or merchandise
  • Priority service for next few orders

The quality of customers that you get with these referral programs are generally of high quality. Why?. Because they are trusted & endorsed by your existing customers.

What I like about this strategy is that it results in a ‘chain reaction’. How?. Since the referral ‘chain’ doesn’t end with a new referral. The new referred client can further refer a new client & take the chain forward!

Therefore, this idea is one of the most simple & effective marketing strategies for wholesale distributors.

2. Actively Participate In Trade Shows

Participating in a trade show is almost a sure-shot way to get a ton of qualified leads or customers. As you may know, trade shows or fairs are marketplaces where buyers & sellers meet up.

You can check for upcoming trade shows or fairs on Alternatively, you may also join relevant industry associations who will update you on upcoming trade shows.

To be successful in a trade show requires an intense preparation. So, make sure you focus on the following:

  • Book a prime location or slot
  • Invest in attractive signages or displays
  • Display as many products’ samples as possible
  • Hire an experienced sales executive with excellent communication skills
  • Prepare a spreadsheet to record details of all leads
  • Offer a fair discount for spot orders

If planned & executed flawlessly, there isn’t a better lead source than participating in a trade fair as a seller.

Trade shows are best suited for exporters. Though, it also works well for domestic sales, especially to institutional or corporate buyers.

3. List On Industry Directories

Industry directories can make your wholesale business visible to your target audiences easily. Industry directories can either be in online or offline forms.

Some top online industry directories are:

Whereas, offline directories can generally association-specific. To list on them, you may need to become a member of the publishing industry association.

Based on locations of your target clients, you may need to list on city-level, state-level or country-level directories.

Make sure that you list all your important details like :

  • Phone number
  • Email address
  • Postal address
  • Business locations
  • Brand names
  • Incorporation years

You may also list on directory-cum-marketplaces like Alibaba. They have the potential to give you some orders as well.

4. Catalog & Take Orders Online

This strategy involves the following steps:

1st Step: Buy a domain name(like on NameCheap. The domain name should preferably be the name of your business.

2nd Step: Build an online store using Shopify. No, you don’t need any expert help. Shopify makes it extremely easy for any business owner to build an e-commerce store just by dragging & dropping elements.

3rd Step: Take pictures of your products & upload them on Shopify panel. Of course, you will need to add the description, price etc. as well.

4th Step: In Shopify, add an app called Catalog Maker. This app automatically generates catalogs for wholesale customers.

5th Step: Now, start promoting your online store & catalog link among your prospects. That’s it!.

Using the aforesaid steps, you can easily create a wholesale product catalog & distribute it digitally to your clients. Additionally, your customers can also order directly from the website.

The wholesale online store is a great way to:

  • Update clients on prices
  • Display products
  • Distribute product catalog
  • Accept orders & payments
  • Update on industry news & happenings

As an addon, you may also use the wholesale pricing app called Wholesaler. This app helps you to have a tiered pricing on your website for different groups of your customers.

5. Partner With Influencers

Influencers are the people who influence the decisions of their followers. Think them like gurus of their respective industries.

Example: Kristen Cline, a blogger, is an influencer in the automobile industry. Her advice & recommendations carry a lot of weight. Therefore, she has the power to make or break an automobile brand.

Generally, influencers promote a product they like or admire for a commission or fee. So, why not partner with them for some meaty sales orders?.

You may use a platform like Influence to find some influencers in your industry. Alternatively, you may use industry contacts to get in touch with some known influencers.

The key is to convince the influencers to promote your products. So, make sure that you pitch to them tactfully.

To avoid tussle, it’s also preferable to enter into a legal agreement with the influencer. Make sure you include the following in the agreement:

  • Period of promotion
  • Promotion platforms
  • Proof of promotion
  • Fee or commission to be charged
  • Mode of payment
  • Frequency of payment

The quality of customers referred by influencers is generally of high quality. Also, you don’t need to pitch much to them. (Since the influencer has done the homework for you).

6. Merchandise The Customer Outlets

Merchandise is presentation material used to promote the sale of goods. Generally, they are found at retail outlets or stores.

They can be in formats like signage, glow sign boards, posters, stands, t-shirts etc.

Let’s get it simple & clear. Your products will sell only when people buy from your customers (retail stores). And, how do people buy your product from your customer?. Only when they know about your product. Merchandise materials exactly serve this purpose.

Therefore, invest money & get some merchandise materials prepared. After that, distribute the same among your retail customers.

Make sure your merchandise items:

  • Are unique & attractive
  • Contain contact information like phone number & email IDs
  • Have your brand logo & business name boldly displayed
  • Display your range of products

You can easily make merchandise materials by contacting agencies like

Merchandising not only helps in the selling of your products but also assists in marketing. It helps your brand & product in getting eyeballs.

7.  Execute Cold Visits To Prospects

If done properly, this is one of the most effective ways to market your wholesale business.

The idea is simple. Schedule, plan & visit as many retail stores as you can. Maybe at least 10 stores a day.

This way (assuming a conversion rate of 10%) you should have at least 30 new customers every month!.

But, this strategy requires intense preparation & skill. The success of cold visits depends a lot on the marketing skills of the visitor.

So, make sure you delegate the cold visits to your most skilled (marketing) employee. Additionally, you may also need to get involved personally as & when the situation demands. For example, you as a business owner should personally visit reputed retail stores or customers.

Remember the number of visits is the key here. More the number of stores you visit, the more customers you would get.

For the execution part, I recommend you to prepare a spreadsheet with the following columns:

  • Date of visit
  • Name of prospect
  • Address
  • Phone number
  • Email
  • Order status
  • Follow-up date (if not ordered)

Make sure that you hand over the following to the prospects:

  • Visiting card
  • Product catalog
  • Product samples
  • Business pamphlet or brochure

Cold visits are used as a marketing strategy by some of the world’s top FMCG brands. It’s also a great way to increase wholesale sales.

8. Offer Periodic Freebie Schemes

Offering periodic schemes is one of the most powerful marketing strategies for wholesale distributors.

Periodic schemes are all about offering freebies (like free products) to buyers for meeting certain conditions. Generally, such conditions are transactional & periodic in nature.

Example: You as a wholesaler may offer a scheme like : Buy 1000 units of a product ABC within a month & get 30 units free of cost.

Such freebie schemes can dramatically boost up your sales. Additionally, it can even spread positive words about your business.

The freebies can be in the following formats:

  • Free products
  • Turnover discount (TOD)
  • Awards
  • Gifts

People love freebies & that is the reason this idea works. As already said, such schemes are periodic in nature. So, you may have schemes running weekly, monthly, quarterly or yearly.

Many top brands use this strategy to achieve their periodic sales targets.

9. Become A Wholesale Dropship Supplier

Dropshipping is an online retail model where a retailer lists products on his eCommerce website but doesn’t necessarily keep inventory of the same. As & when the orders are received, the retailer requests a wholesale supplier to ship the ordered product directly to the customer.

So, the dropshipping model involves 4 parties:

  • Online retailer
  • Wholesale supplier
  • Customer
  • Dropshipping platform (connects online retailer with wholesale supplier)

An online retailer creates, manages & markets an eCommerce websites. The wholesale supplier’s job is to fulfill orders directly to the customer.

So, using this strategy, all what you need to do is tie-up with platforms that facilitate dropshipping by connecting online retailers with wholesale suppliers. A few such popular platforms are:

  • sPocket
  • Oberlo
  • Jungle Scout
  • Worldwide Brands
  • Dropship Direct

Visit the websites of the aforesaid platforms & apply as a supplier. Once approved, you can ship your products (on behalf of online retailers) to thousand of customers worldwide.

10. Tie Up With An Export House

Why just target domestic customers?. Why not look beyond the national boundaries?

That’s where export kicks in. If you’ve got quality products & service, export can be a great option for your wholesale business.

I know you may be skeptical of exporting your products because it involves paperwork, licenses, payment risk, shipping woes, etc.

Enter export houses.

Export houses are specialized agencies who can take & market your products to international customers. They’ve good base of international customers in almost all niches. Also, they’ll take care of all export formalities like custom clearance, shipping, etc.

Here’re a list of few sites you can use to find export houses in your area:

The future of wholesale

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#Pitti is back

La 102esima edizione di Pitti Uomo torna a quattro giorni con 640 adesioni ad oggi confermate. L’annuncio arriva dai vertici di Pitti Immagine che nella conferenza stampa di presentazione della manifestazione, in calendario dal 14 al 17 giugno 2022, confermano il ruolo di riferimento di Pitti Uomo non solo per il segmento menswear, ma, più in generale, per le tendenze lifestyle. Dei brand presenti (erano 540 brand nel gennaio 2022 e 338 brand in Fortezza a giugno 2021 per Pitti uomo 100, più 57 brand solo online e quindi in totale 395 brand, ndr) il 38% circa proviene dall’estero, contro il 48% circa di stranieri del passato. Pitti Island, tema guida dell’estate 2022, “sarà un’isola immaginaria, collegata con tutto il mondo in uno scambio reciproco e costante”, spiegano gli organizzatori.

Le nuove collezioni saranno esposte e organizzate in cinque macro aree, per altrettanti percorsi speciali che raccontano le diverse anime della moda uomo: Fantastic ClassicFuturo MaschileDynamic AttitudeSuperstyling e S|Style sustainable style, progetto di Fondazione Pitti Discoverydedicato al menswear responsabile.

Guest Designer di Pitti Uomo 102 è Grace Wales Bonner, mentre Ann Demeulemeestersarà Guest of Honour. Dopo il rinvio del gennaio scorso, Pitti e il capoluogo toscano celebrano lo stile della maison con un progetto speciale alla Stazione Leopolda, curato dalla stessa Demeulemeester. Quanto invece agli Special Projects, questi saranno Soulland, brand basato a Copenaghen guidato da Silas Oda Adler (che presenterà la sua collezioneP/E 2023 con una sfilata-evento in una location ancora da svelare), e Sapio, marchio del designer Giulio Sapio.

Sullo sfondo i dati di andamento del comparto, elaborati dal Centro Studi di Confindustria Moda per Sistema Moda Italia. Secondo quanto spiegato anche da Claudio Marenzi, presidente di Pitti Immagine, lasciatasi alle spalle il 2020, la moda maschile italiana ha assistito ad un cambio di passo nel corso del 2021. Il commercio con l’estero è tornato infatti interessato da dinamiche “molto favorevoli”. Come indicano i dati Istat, l’export dell’intero anno ha messo a segno un incremento del +13,4%, per un totale di circa 7,2 miliardi di euro, mentre l’import è balzato del +8,2%, passando a 4,9 miliardi di euro. Nonostante la performance favorevole rispetto al 2020, la moda maschile non è però riuscita a colmare il divario con i livelli pre-pandemici: nel caso dell’export, i valori del 2021 risultano inferiori del -5,3% rispetto al 2019 (ovvero poco meno di 404 milioni in termini assoluti); più consistente risulta il gap in termini di import, pari al -13,4% (corrispondente a -756 milioni di euro circa). Sia le aree Ue sia quelle extra-Ue si sono rivelate favorevoli per il comparto, pur su ritmi molto diversi, crescendo, rispettivamente, del +22,2% e del +7,1 per cento. Il mercato Ue copre il 45,1% dell’export totale di settore, mentre l’extra-Ue risulta il maggior “acquirente” assorbendo il 55% circa. Analogamente, nel caso delle importazioni, dall’Ue proviene il 45,3% della moda maschile in ingresso nel nostro Paese, mentre l’extra-Ue garantisce il 54,7 per cento.

Non essendo ancora stati diffusi i dati relativi all’avvio del 2022, “non è possibile – spiega la nota – dar conto della reazione della moda maschile alle nuove complessità conseguenti al conflitto russo-ucraino, mercato questo pur non particolarmente rilevante per il settore (2,2% di incidenza sul totale export settoriale 2021), piuttosto che ai nuovi focolai Covid-19 in Asia”. Nel breve i timori maggiori sono da ricondurre ai costi dell’energia, dei noli e dei trasporti, ai tempi di approvvigionamento/consegna, nonché al possibile rallentamento della domanda dovuto a un clima di maggior incertezza.

Tornando alla manifestazione del prossimo giugno, Special Guest Nation sarà l’Ucraina, che aveva già partecipato nel 2014. La selezione dei creativi è a cura di Polina Voloshyna.

“Nel pre-pandemia Pitti Uomo registrava una media di 20mila compratori – ha spiegato Raffaello Napoleone, AD di Pitti Immagine -. Non ci attendiamo un’affluenza di questo tipo, vista la congiuntura internazionale e considerando che l’edizione estiva non ha la portata di quella dedicata all’autunno/inverno. Stimiamo che Pitti Uomo 102 possa raggiungere le 15mila presenze e consideriamo significativa l’estensione a quattro giorni. Si tenga infine presente che Pitti Bimbo tornerà ad avere una collocazione indipendente”.

Happy Cinco De Mayo

Cinco de Mayo (pronounced [ˈsiŋko̞ de̞ ˈma̠ʝo̞] in Mexico, Spanish for “Fifth of May”) is a yearly celebration held on May 5, which commemorates the anniversary of Mexico’s victory over the French Empire at the Battle of Puebla in 1862,[1][2] led by General Ignacio Zaragoza. The victory of a smaller, poorly equipped Mexican force against the larger and better-armed French army was a morale boost for the Mexicans. Zaragoza died months after the battle from an illness, and a larger French force ultimately defeated the Mexican army at the Second Battle of Puebla and occupied Mexico City.

Happy Cinco De Mayo

Cinco de Mayo (pronounced [ˈsiŋko̞ de̞ ˈma̠ʝo̞] in Mexico, Spanish for “Fifth of May”) is a yearly celebration held on May 5, which commemorates the anniversary of Mexico’s victory over the French Empire at the Battle of Puebla in 1862,[1][2] led by General Ignacio Zaragoza. The victory of a smaller, poorly equipped Mexican force against the larger and better-armed French army was a morale boost for the Mexicans. Zaragoza died months after the battle from an illness, and a larger French force ultimately defeated the Mexican army at the Second Battle of Puebla and occupied Mexico City.