More and more wholesalers are moving their products online which makes it easier to buy products from them. But what are the advantages of buying whole products online? We will go through the most common advantages of buying wholesale products online in this article.
Convenience is something we are used to in B2C e-commerce, and the same convenience is moving into B2B e-commerce allowing buyers to browse, compare and order products from their own location. No need to visit any trade shows from a long distance physically.
A Wide Product Selection
As a buyer, you get access to a range of products, and it is possible to find the exact items you need. There is no limitation to physical space.
It can be time-consuming to do physical wholesale as you must walk around finding all the products you need physically. This is not an issue in online wholesale since you save time to order products because you do not need to travel to the suppliers or wait in lines when you order your products.
As a wholesale customer, you can typically get lower prices as you can order products in bulk which lead to better price per unit.
Efficient Search and Filtering
As online platforms are built on online databases you can search and filter for options, which can make it easier and faster to find the products or categories you are in search for.
On online platforms, you can find many details about the products such as descriptions, specifications, and pricing options. You do not need a calculator. The price is automatically summed.
Online wholesale platforms are never closed, which allows customers to place orders, even though it is outside regular business hours.
If you need to order a larger number of products online wholesale is ideal. The platforms are designed to bulk orders.
Shipping and Delivery
Online wholesale offers convenient shipping options, which include delivery to the buyer’s location.
Access to Reviews and Ratings
Wholesale platforms offer access to reviews and ratings of the products. You can see how other businesses have rated the products. That can help you assess the quality of the products.
Online wholesale platforms give comparisons to features, product specifications, and prices from different producers and suppliers.
Less Geographical Limitation
There are fewer geographical limitations as buyers can get access to products from suppliers in different countries and regions.
You can get real-time inventory information, which reduces the risk of going out of stock on important products.
No more paperwork. Handling orders is done online, and invoices, receipts, and payments are handled automatically.
In the online wholesale platform buyers and sellers can track orders until delivery. This provides buyers with a high degree of traceability.
Repetitive purchases can involve reordering, which in traditional wholesale is time costly. On the online wholesale platform, repetitive purchases are easy and take no time.
Access to Promotions
Finding the best promotions can be crucial to the profitability of your business. Online wholesale platforms offer promotions, special offers, and discounts.
Data is key. Data is more and more important. Online platforms automatically capture purchasing data that give buyers insights into trends and analytics they can base their decisions on.