Transition from Custom Work to Retail |
Transition from Custom Work to Retail |
Starting a wholesale business means you’ve reached the big time and can focus your efforts more on your Business to Business relationships.
As time progresses, as much as you may enjoy working directly with your customers, you will find that this may not be your most financially rewarding path. Another option is to move up the supply chain and start distributing your designs to retailers. This will reduce your per item costs, increase volume, and your revenues grow much faster.
Advantages include growing your cash flow and allowing other businesses to take part in marketing your products. They will talk about your products to their customers and spread the word through their own internet marketing activities.