BossQ, have you heard of the latest developments in the world of commerce?
Reviewed by Katadata, a phenomenon that the Central Statistics Agency (BPS) discovered recently occurred in Indonesia is that the trade chain for several strategic consumer product commodities is getting shorter, so that the selling price from producers to consumers is getting cheaper. Therefore, prices from producers to consumers are also decreasing. Is this bad? In fact, it could be said to be the opposite. With lower prices, these basic food needs can be reached by more Indonesians from various economic layers. With trade and consumption running more smoothly, the big impact is that the country's economic conditions are able to strengthen.
Why is this relevant and something we need to understand, especially as business actors who may focus on different types of products?
The phenomenon of increasingly short trade chains actually explains a basic process that we can apply in our own businesses. Every entrepreneur will definitely determine the margin or amount of profit from the sales price in order to bring the expected profit. From producers to traders to customers, of course there is a process of moving goods that requires different costs. Wholesalers need to pay the price of goods and distribution costs set by the manufacturer, and the same applies to retailers who buy their product stock from wholesalers and then resell it in their shops. In short, from one seller to another there will be an increase in prices. If in the middle of this process there are several distributors involved, can you imagine the product price you have to pay to fill your trading stock?
One obstacle that MSME owners often experience is the large capital costs that need to be spent on products. It is not uncommon for entrepreneurs to use inappropriate shopping strategies, such as buying third-hand products and so on, so that they then have to sell goods at higher prices in order to make a profit. In fact, this high price has the potential to make consumers hesitate to buy, and they may even switch to another seller. We need a more appropriate way to shop more cheaply, but still meet business needs optimally.
Logistics is certainly a very important element in running a business. Whatever the form, the product is the main thing offered to the market and guarantees that our business can continue running. Rather than growing, our efforts may be hampered if we take the wrong strategy. To overcome this, we can learn from phenomena that occur in the trade chain, namely shortening the trade chain involved in our business processes. Yes, one of the best solutions is to buy stock of trading products wholesale rather than retail.
Want to buy business stock cheaper, choose wholesale or retail?
When you are just starting a business, you have to be more careful in organizing your strategy so that the profits you get can be much greater. One way you can do this is to keep your budget minimal by buying cheap materials. However, don't just be cheap, OK! Product quality must remain a priority. So, how do you do it? One reliable way is to buy ingredients wholesale.
What are the advantages of shopping for business needs wholesale?
1. More Economical Operational Costs
One of the priorities in running a business is to get big profits with as little expenditure as possible, right? A wholesale shopping strategy can provide this advantage for you. Usually, sellers will give you cheap prices if you buy them wholesale. Why? The prices given by wholesale distributors are usually far below market prices because most of them directly take the goods from the manufacturer of the goods.
By shopping wholesale, you can automatically save more. The difference, which is usually quite large compared to retail shopping, can have an impact on increasing your business savings. Plus, sometimes sellers offer attractive offers and discounts. However, you still need to shop by comparing overall prices and shipping costs carefully, so that you can get more tangible benefits.
2. Free to choose the items needed
If you buy wholesale goods, you will be given the opportunity to search for and choose the goods you want to buy yourself, both for individual purchases and on a large scale. You can use this opportunity to look for goods with the best quality among the good ones. Apart from that, usually wholesale purchases can give you more varied choices, for example choosing one specific product in large quantities or buying various products in quantities that you determine depending on your needs.
One tip from Cermati is that you can first conduct a survey of several shops to compare the quality of goods and prices. offered. You can use this opportunity to look for goods with good quality and appropriate prices to fill your trading stock.
3. No Need to Shop Too Frequently
Apart from saving money, by shopping wholesale, you also save time and energy. Retail shopping means you need to go back and forth to record out-of-stock products, travel to retailers, carry out transactions with sellers, and organize products in storage. Have you experienced the same thing yourself?
On the other hand, shopping for stock wholesale can reduce your time for carrying out this activity, so that free time can be allocated to other things that may be more important. Remember that investment is not only money, but also time and energy. Shopping wholesale is clearly the best solution and brings additional benefits, especially for those of you who are busy and don't have much free time. Not going shopping too often will also automatically save on the cost of going to the store. Add one more benefit, right?
4. Always Have Ingredients in Stock
You can be sure that you will experience losses when market demand is high but the availability of raw material stock is limited. This will certainly reduce your business income, right? Whatever the type of business, this is a worry for every business actor. However, if you always shop for ingredients wholesale, you no longer need to be afraid of running out of stock.
Regardless of stock availability for business activities, you still need to be more careful in managing stock storage. Don't let yourself spend a lot of money on wholesale shopping, but most of the goods are wasted because you buy too much, experience a decrease in quality, or can't even be sold again because they have passed their expiry date. To avoid this, you can do a number of practical and basic methods from Jurnal. Ensure that the stock storage system is managed efficiently, from naming, categorization, placement areas, to purchase dates. A neatly organized storage system will make it easier for you to carry out important operational activities, namely stock taking (stock taking) regularly. Now, there are many stock management applications that you can use easily, for example Qasir. From here, you can determine the minimum limit for the number of items in stock as well as a schedule for regular shopping. With a more careful stock management system, wholesale shopping will make business workflow much more efficient.
5. Shopping Activities Become More Controlled
Shopping at wholesale shopping places will force you to move faster. You will also focus more on what items are needed, because you won't have as much temptation to glance at other items. If you shop cheaply but have more things you don't need, the result will be the same, right? Wholesale stores rarely have items that are attractive and interesting to "snack on" than retail stores. So, your money won't be spent on buying unimportant items.
6. Always Get the Latest Items
Believe it or not, by buying stock wholesale, you will get the newest goods from sellers or distributors. They will prioritize loyal customers who often shop wholesale over customers who come to shop in small quantities. In fact, you may not need to come to check out the newest items. Based on good relationships and the principle of trust, sellers can contact you when there are new items. Imagine! The ease of managing a business can just come to us.
Wholesale shopping for business needs turns out to be much cheaper and has many benefits, yes! So, if after this you want to get more benefits from this shopping strategy, now wholesale shopping is much easier than a few years ago with the help of technological developments. A concrete example is the e-commerce application which brings sellers and buyers closer together. One thing you can try download and use the Miqro application, one of the Qasir application's “little brothers”.
With Qasir's vision to create an ecosystem through integrated infrastructure, you can use the Miqro application to manage your business and order wholesale goods online, hassle-free and hassle-free. Apart from that, Qasir's Customer Happiness team will also diligently contact you whenever there are promotions, discounts or wholesale shopping programs that provide benefits for you. Just by shopping for stock via the Miqro application, you will no longer miss information about interesting promotions.
What are you waiting for, BossQ? Use the Miqro application for wholesale shopping for continuous profits and endless convenience!