If you are an electrician and/or a retailer of electrical parts, finding the right wholesaler is key to running a good business. It ensures that the parts you use and/or sell does not end up compromising your business’s reputation. Then there is the question of profit margins to consider as well. Keeping this in mind, here are three pro tips for finding the right wholesaler of electrical parts.
Place a Few Consequent Small Orders
This is one of the best and most reliable ways to determine the quality of an electrical wholesaler’s products and services. Just place a few minimum-sized orders first and see how they handle it. It’s better to place a few smaller orders rather than just one large one so that you can confirm if they were only trying to create a good impression on the first order.
If the wholesaler can maintain high standards across all your initial orders, then you have found a genuinely reliable wholesaler of electrical goods. If the quality falters after your first few orders in terms of product quality or service, you will know that they won’t make for a reliable long-term wholesale partner.
Check the Brands they Stock
Whether you are in retail or you repair, replace, fix, or install electricals, chances are that you have a pretty good idea regarding which brands manufacture the best parts and materials across the numerous categories. In case you are not aware of something, do a bit of research and you will gain a pretty good idea soon enough.
Now, go through the wholesaler’s listings on their website to see if they cover a wide range of brands, including those that are leading the electrical supplies market right now. For example, you will find that electricals from all well-established brands are available and ready for quick delivery at powerpointelectrics.co.uk. When you order genuine products from reputed wholesalers like that, anything your business sells or installs only helps it gain a good reputation for reliability.
Check Your Potential Profit Margins
Finally, you must ensure that the wholesaler is selling decent electrical parts and materials that you need at competitive prices. Their prices must allow you to maintain a decent profit margin, without having to resell them at higher-than-average market prices. That does not mean you should order from wholesalers who sell the cheapest parts, but there should still be a financial benefit for your business to be had by buying from them.
Check at what price competing wholesalers are selling their wares, factor in the delivery/pickup expenses, check the brands, and then decide whether it would be beneficial for your business to buy from a particular bulk supplier of electricals. Striking the balance between quality and profit margins is a key factor in any business.
Finally, there is also the matter of complete coverage to consider as well. For example, if you are about to order electrical parts and materials for a specific project, you will be able to get the best deal if everything was supplied by the same bulk supplier. It simply allows the wholesaler to provide the buyer with a bigger discount if their order is a large one.