Terms and Conditions
1. Minimum Order Quantity
You need to set a Minimum Order Quantity or MOQ in your wholesale terms sheet. Na Dhukan defined it as, “Minimum Order means the minimum amount your retailer has to spend per order to be able to stock your products at their store.”
With MOQ terms, wholesale buyers will be aware of the minimum purchase in order to receive wholesale pricing. By setting a minimum wholesale order, you will be able to give the lowest price possible for your wholesale customers. You will also be able to separate the big players to the small players since the former will be able to comply with MOQ.
2. Wholesale Pricing
Wholesale pricing is lower than the retail prices but still allows you to make a significant profit since buyers are purchasing in large volumes.
If you have not determined the wholesale price, Na Dhukan suggested using the absorption price method by adding the cost plus profit margin. They suggested calculating the cost price by adding the production cost per unit plus total overheads and admin expenses and divided by the number of units produced.
3. Payment Terms
Same as retail vendor check here
4. Minimum Retail Prices
You can also set a minimum retail price that wholesale buyers will follow. By having a set retail price, the mark-up between the original wholesale price and the retail price will not be large. At the same time, it also ensures that wholesale buyers will not slash down prices too low that they are not making profits at all.
5. Return and Exchange Policies
As a business owner, you are very well aware that not everything goes as smoothly as you wanted it to be. You need to be prepared for worst-case scenarios. There might be instances that customers return items for varying reasons such as defective item, wrong size, change of mind and the like.
You need to clearly set out your return and exchange policies. Will you offer a 7-days replacement for defective items? Are you going to allow for the exchange of items? Will you offer a 30-day money- back guarantee? These are just some of the things that you need to consider.
By having these policies set, wholesale buyers are also aware of your terms to avoid misunderstandings in the future.
The shipping will be taken care by company or you can do by yourself
Once you fill registration form our team will contact you to verify and create an wholesaler account. In time we will disclose the wholesale user registration fees details also.