Wholesale buying in Pakistan is undoubtedly the smart way to save money, stock up on the right and affordable products, and grow the business by following the simple steps. According to the states, Pakistan’s producer price has been growing 22.4% YoY in Jun 2023 and is even growing at a faster rate.
So, what do you think is impossible? You simply need to acquire the right knowledge and strategies. Worry not! In this blog post, we have outlined seven common mistakes to avoid when purchasing wholesale products in Pakistan.
We ensure, by following these useful tips and strategies, that you can not only survive but also thrive in today’s competitive market.
Ignoring Proper Research
The critical thing that most buyers neglect when buying wholesale products is in-depth research. The best and important thing we have to do is the market research, competitor analysis, reviews, and suppliers’ reputation. Take out some time and analyse your competitors and learn where they are buying from; in this way, you can save yourself from scams and unreliable sellers.
Compromising on Product Quality
In wholesale buying, we often think of obtaining the bulk product at a lower rate, as it leads to lower-priced products at the expense of quality. But this perhaps leads to damage to your brand image. No doubt! Selling the cheap, quality products results in unhappy customers, bad reviews, and product returns. Which is why the savior tip in this aspect is to verify the material, inspect the finishing, and the material quality (especially for categories including clothes, electronics, and cosmetics)
Understanding the Market Demand
Not adapting to market trends is hazardous in the wholesale industry. Meanwhile, analyzing the trend and customer demand, it’s time to keenly focus on seasonal trends, regionals taste, and customer behaviors. For instance, if you are buying the woolen dress, then it may not sell well in Karachi but will perform better in northern areas during winters.
So, retailers who are updated and responsive to these changes will never face failure in their wholesale buying journey.
Overlooking Hidden Costs
Ensure that you thoroughly vet the desired suppliers’ hidden costs and make sure they won’t fool you. These additional costs can drastically change the final price and maximize the profit margin to the next level. Here we have broken down the list of hidden expenses:
| Hidden Cost | Description |
| Shipping Fees | It costs to transport products from suppliers to your location. |
| Taxes | For example: sales tax, VAT, or other government-imposed charges on the transaction. |
| Custom Duties | Import fees are charged by customs when goods are bought from another country. |
| Handling Charges | Managing, processing, or preparing goods fees. |
| Warehouse | Storing costs in a warehouse or storage units. |
| Packaging Costs | Cost related to packing material and more. |
Not Negotiating Prices
One critical factor to always consider is negotiation, because it is the common practice in Pakistan. Mostly beginners accept the first offered price, which is the biggest mistake. To overcome these mistakes, ask for bulk discounts, delivery reductions, or value-added services like free packaging. Because long-term relations with the supplier can bring you affordable pricing in the desired product range.
Check the Return and Exchange Policies
Sometimes products arrive broken, faulty, or not as ordered. If your supplier does not provide return or exchange choices, you risk wasting your hard-earned money. Always clarify the return/exchange policy before finalizing the transaction, especially when ordering from unknown suppliers or purchasing things you’ve never tried before.
Not Buying Ahead of Time
A lot of business owners make the mistake of only getting stock when they’re running low. This can lead to delays and lost sales chances. It’s better to buy your goods ahead of time, keeping seasonal needs in mind, because wholesalers need time to process and deliver them. If you plan your inventory well, you’ll never lose people because you’re “out of stock.”
How to Buy Wholesale Products in Pakistan
Perhaps there are thousands of platforms and local markets that are providing bulk wholesale products nationwide. Meanwhile, in this digital world, we are all looking to shop from a single platform that can deliver the products conveniently. By offering affordable rates, complete access to wide categories, and most importantly, a direct connection with the supplier.
Just to facilitate the customers, Alahdeen comes in offering thousands of products by providing access to connect directly with the supplier all across Pakistan. Where seller can sell their product and buyers can shop for the desired product by using the user-friendly interface.
To end this blog, explore the complete blog to gain the insightful tips that will surely save you from buying wholesale products in Pakistan!
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