Help Please!

[sammi222]

Hi everyone,
My mate has just bought a electrical business for just over around 30k. It has a good credit rating of around 3k. I was wandering if anyone could kindly tell me how he can approach new wholesalers and ask them to offer him goods on credit. Is their a procedure for doing this?

Thanks in advance.

:)

[bwglaw]

From experience, every supplier/wholesaler will have their own criteria based on how long you have been trading, credit worthiness, how much you will buy as a minimum.

I used to run a Decorating company and had dealinga with Dulux, Crown Berger etc. They offered me a credit account of 30 days and a price list was created for my business based on how much paint (etc) I was likely to buy.

It is all negotiable and that is an art in business to maximise your profit margin and allowing you to add a small mark-up

Jonathan