Sell More Wholesale Handbags by Getting Customers in The Right Frame Of Mind

Selling wholesale handbags requires that your customers be in the right frame of mind. In today’s times, with people experiencing so many distractions, you need to help customers focus on the benefits of buying the designer handbags which you are selling.
You can achieve this by giving them individualized reasons for purchasing the pocketbooks, such as having a greater fashionable appearance, helping them attain corporate advancement, and the savings opportunity which you are offering them.

How A High Price Can Mean More Sales In The Wholesale Handbag Business

Most wholesale handbag sellers assume that by lowering their prices they will be able to sell more handbags. The opposite may very well be.
Customers expect authentic designer handbags to be expensive, so if your price is too low, guess what your customers will think?
On the other hand, if you charge a high, but still affordable, price, your customers will realize that you are carrying genuine wholesale products.
Authentic designers sell well, so stick with the real thing and start making your way to the bank.

Should You Buy Wholesale Handbags Sight Unseen?

Should you buy wholesale handbags sight unseen? There are many opportunities to purchase wholesale handbags online, but how do you know you are making the right buying decision?
After all, if you can’t see and feel the handbags, how will you know that you are purchasing the type of handbags that your customers will want?
You can still make the right wholesale buying decision by focusing on authentic designer name bags, this way you will have a pretty good idea of what you are receiving, even without seeing the merchandise in person.
To make this happen, you will want to verify the handbag supplier, so that you can verify the authenticity of his or her inventory. You can do this by researching the business online, or by sending someone on your behalf to the warehouse.
You should also feel comfortable to ask for references, and confirm that there is an option for you to start with a smaller order.

How To Reach Wholesale Handbag Heaven

If there was a mythical place called wholesale handbags heaven, it would be populated by designer names at true closeout prices. A shopper would arrive on a heavenly chariot and be greeted by bags by Coach, Steve Madden, Nine West, and Michael Kors, at a fraction of the original retail price.
Although that place doesn’t really exist, you can try to create the equivalent for your customers, enabling you to have a highly profitable business, while developing strong customer loyalty.
You can create this place by purchasing genuine products at below wholesale prices, through the following steps:
Step 1
You can search online for wholesalers that specialize in previous year’s models. Designers are constantly putting out new models, reducing the demand for last year’s production, which means that you can purchase that merchandise for a fraction of its original retail price.
Step 2
Average your cost down by purchasing an assortment of different brand names. Your customers might prefer Guess, but can also buy a Lucky Brand bag if it’s priced right.
Step 3
Offer volume discounts for repeat shoppers, which in turn will allow you to buy larger quantities from your supplier, enabling you to receive a lower wholesale price on your purchases.

How A One Price Fits All Wholesale Handbag Business Can Make You Money

Here is an innovative idea for making money with your wholesale handbag business.
I was recently reading an article online on how Bermo Enterprises manages over 30 Max 10 Family Fashions in the Midwest. The clothing wholesale company has set up stores where every piece of clothing has a maximum price of $10.
It made me realize how the same model could be applied to the wholesale handbag business, just instead of $10, you can use a $40 or $50 price point.
For instance, if you have a selection of brand name designer bags by names such as Coach, Guess, Michael Kors, and Jessica Simpson, you can set up a boutique or online business where every handbag is priced at the same price point.
My wholesale business, CloseoutExplosion.com, offers designer pocketbooks from $14.99 to $29.99 each. As a reseller you could order them from me, and then sell them under one uniform price. Even if this means underpricing an expensive bag such as a Coach, think of how much attention your shop will attract when people hear of your low prices.
Although you might initially give up some of your potential profit, you can quickly gain allot more in volume. While I believe this approach holds plenty of promise for an ambitious retailer, you can always opt to continue selling the handbags for as high as your market will pay for them, giving you what might be a larger profit but at a slower pace.

Do Your Wholesale Designer Handbags Pass The Popularity Test?

Marketing wholesale designer handbags is definitely the way to attract customers that are willing to spend more money on brand name handbags. But if you want customers to actually buy the wholesale handbags you sell, they must pass the instant popularity test.

Take a few of the handbags you have and try to sell them to people that you personally know, the important part is not if they buy them right away, but what their reaction is to them.

If the people you show the handbags to seem to like them, then you know that you will have the potential to sell them to your wider customer base.
The primary benefit of selling wholesale authentic handbags is that you know that the brands have already spent a great of money and time researching the styles, colors, and texture that their bags need to have so that they can sell well.

What Should You Do With Your Unsold Wholesale Handbags?

Let’s say you just finished selling the majority of your inventory of wholesale handbags, and you notice that you have 5 handbags left, what should you do with them?

Before I offer you any tips, I want to give you an important piece of advice that applies to the wholesale handbag business, as well as to any other type of wholesale business category.

You will always have items which for one reason or another you will not be able to sell. Therefore, you should always price your wholesale handbags with the assumption that you will have at least 5% of your items left after you have exhausted all sales options.

In other words, charge a high enough price per handbag so that you will cover the cost of the unsold items, and still make a decent profit.

So what should you do with your unsold inventory?

Tip #1

Run a raffle at your boutique and give the handbags away for free.

Tip #2

Give the handbags for free to the first 5 customers that walk in the door. This will encourage your customers to come to your store early in the day before they visit your competition.

Tip #3

Use the handbags as window displays to attract customers into your shop.

Tip #4
Take a chance and decorate the handbags with beads, paint, and other accessories. Even if you don’t sell them, they will make an excellent conversation piece for your customers.