Sale or return suppliers ?

bizniss

Free Member
Feb 14, 2009
24
2
Hi, I have just taken over a shop and I am looking for some good sale or return suppliers to source some stock from as I don't gave much spare cash to inves. I have stock already in the shop but am looking for more to fill some spaces.

It is a sweet shop and s card shop rolled into one, aswell as gifts etc...

Could anybody point ME in the right direction?

Thank you
 
Mar 26, 2015
2
0
Dear Bizniss,

Congratulations for being an entrepreneur.
Apart from sales or return, understand that this approach ( like everything in the business ) has pros and cons.
Cons: you bring in your business products your clients DO NOT WANT. You do not care about selling them because you did not buy them. You therefore tell your customers to buy ELSEWHERE and you lose them forever!

Understand that you need to follow sales and stock by product class (critical ).
For more business insight, feel free to connect (or google: global fashion open to buy )

Thierry
 
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MOIC

Free Member
  • Nov 16, 2011
    7,391
    1
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    UK
    myofficeinchina.com
    Hi, I have just taken over a shop and I am looking for some good sale or return suppliers to source some stock from as I don't gave much spare cash to inves. I have stock already in the shop but am looking for more to fill some spaces.

    It is a sweet shop and s card shop rolled into one, aswell as gifts etc...

    Could anybody point ME in the right direction?

    Thank you
    Did you do your research BEFORE opening your shop?

    it seems that you may have rushed into acquiring a shop without the financial backing to have it stocked or had suppliers ready to supply you on a sale or return basis (which has it's own problems associated with this way of acquiring stock to sell)

    I wish you success.
     
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    Agree with @mhall a lot can go wrong with SOR, often you get less choice and could end up with slow sellers cluttering your shelves instead of their warehouse, usually you need to pay shipping to return any unsold and it's unlikely to help cashflow as whenever it's been offered to us it's been a case of you pay upfront or normal payment terms and are refunded on anything that doesn't sell AND is still immaculately packaged...

    It would have to be an amazing product and margin for us to even consider...
     
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    Roy McIntosh

    Free Member
    Oct 6, 2017
    1
    0
    Hi there, I have just opened a craft shop within my Hotel and I am looking for more gifts to sell on sale or return.
    We are a small country Hotel with a lot of passing trade and are in the process of setting up a monthly market to the front of the Hotel. if anyone is interested please pm me Roy McIntosh
    ( Clovenfords Hotel Scottish Borders )
     
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    EmMoose&Bear

    Free Member
    Jun 12, 2018
    1
    0
    Obviously this is an older thread and I'm sure people have found solutions by now, but another suggestion which is a bit of a win-win is to rent out some shelf space to local makers and craftspeople.
    My business is essentially a craft business, making papercut pictures and now laser cut wooden products. I sell online and at Artisan / Makers markets (and the Christmas markets), but also have space in two different shops, and it's a fantastic relatively low cost way to sell my products in a shop. You will find a lot of makers looking for decent shop front space (maybe visit local craft markets etc and hand out some leaflets), and you can charge them rent based on the amount of space they have.
    This is a win win as you fill the space, it's up to the maker to keep it well stocked (and is in their interest to do so), it brings unusual products and a bit of a USP to your shop, plus you're getting guaranteed money for that space every month.
    You can also charge a sales commission on top of the rent if you like. In one of my shops we run it as a cooperative and I pay £80 rent (total) for 2 large spaces (each is 2m of full height wall space with 1m depth from the wall) and I then work in the shop 3 days a month as well and don't pay any commission. In the other I don't work there, just re-fill my space, same rent for a very large unit (in an old mill), and then I pay 10% sales commission on everything I sell.
    They just keep a record of all sales (they use barcodes as there are a lot of stallholders, but you could just use a spreadsheet) and pay me weekly by BACS (less the 10%).
    It could be a really good option for you to get guaranteed income and bring something different to your shop.
    Good luck!x
     
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