6 Ways to Consider to Significantly Boost Store’s Revenue (Non-Technical)
Are you a new gua sha store owner and urgently need to increase your store’s revenue? Or do you have a long-running store, but suffer from a long period of no growth in store profits? Today, you will get some inspiration from here. We won’t give you a hint from the operational technology side of this post, we’ll start from the more practical product and supply side. Combined with our own situation and the actual experience of various customers, you can find tips and methods to improve your store’s revenue. Here you will learn how to reduce the cost of purchase, improve the profit of a single product and maintain the stability of inventory. 1. Look for Gua Sha Manufacturers, Not Traders. Have you ever thought about whether your current supplier is a gua sha manufacturer or a supplier? If you’re happy with your current supplier prices, then you don’t need to pay too much attention to this topic. But if you want to reduce the cost of restocking, this is the most direct way. Choose a manufacturer instead of a trader and you’ll get at least 30-40% off. Take a look at the formula below: Manufacturer’s Price = Product Cost × (1 + Manufacturer’s Profit Percentage) Trader’s Price = Manufacturer’s Quote × (1 + Trader’s Profit Percentage) It’s easy to see from the formula that by choosing to source from the manufacturer, you’ll save the trader’s extra markup. 30%-40% off is no surprise. Besides the cost of the product, you can also get more benefits, more stable product quality, a more accurate production cycle, etc. We’ve covered how to find suppliers in an earlier article, and I’ll give a brief overview here. If you want to know more details, you can check our other article “How to Find Best Supplier?“. 1. Google Search This is our most recommended course of action. The Google search function is very powerful, you can find almost everything on it, whether it is cosmetic scraping roller products, or various electronic parts, etc., you can find the manufacturer you need. The trick is to add “factory” or “manufacturer” to the end of the keyword for the product you want, such as “gua sha wholesale” Try to choose the top-ranking website, and pay attention to identify the credibility of the website. 2. Alibaba When it comes to sourcing products from China, Alibaba is the most frequently mentioned platform. As China’s largest foreign trade wholesale platform, it has countless supplier information. Sounds great right? But it should be noted that if you want to find manufacturers from Alibaba, then you need to pay more time and effort than Google search. Because the store rankings on Alibaba are not for reference. If the supplier is willing to pay Alibaba a decent amount of money for the ranking, he can get a fairly high ranking, otherwise, your ranking will not be high. (It’s not just limited to ad rankings, but organic rankings as well.) 3. Made in China and Global Sources These two are international wholesale platforms similar to Alibaba. However, these two platforms are higher than Alibaba in terms of the average quality of suppliers due to higher registration thresholds and requirements than Alibaba. And, if you want to source electronics, these two platforms are better options. 4. Field trips If you have this condition, this is our most recommended course of action. You can have a direct dialogue with the manufacturer, which can give you a considerable level of confidence in your trade. But this approach requires many conditions. You need to spend a considerable amount of money and time, you need to prepare a corresponding entourage to ensure good communication between you and the manufacturer, and even you must always pay attention to the epidemic prevention requirements in different regions of China. Therefore, although this approach is the most direct and effective, it requires complex preliminary preparations and investment of funds and time. This is not the preferred way to be a novice seller or a small to the medium seller. So to sum up, our most recommended practice is still Google search, and platforms such as Alibaba and Made in China are also good choices, but it takes more effort and time to identify. 2. Choose the Shipping Method that Suits You Best What shipping methods are used for your imported goods? by sea? Air or ground? Sometimes, the right way to change transportation can bring unexpected benefits. Let’s briefly explain the advantages and disadvantages of each mode of transportation. Air freight: The advantage is that the transportation time is short, usually about a week. It is suitable for commodities with small quantities and urgent demand. The disadvantage is that it is relatively expensive and not suitable for transporting bulk commodities. Shipping: The advantage is that the price is relatively cheap, and it can undertake the transportation of bulk commodities. Dozens of tons and hundreds of tons can be transported. The disadvantage is that the shipping time is long, often more than a month or even longer. So do you know which shipping method is currently suitable for you? Or do you think your current shipping method must be the right one? You can think about these questions. It’s hard to say that there is one shipping method that works for everyone, and everyone’s needs will be different. About 80% of the customers we met initially That want to choose air freight. But in the end, only half of the customers still insist on choosing air freight. The reason is that they urgently need this shipment, either to catch up with promotions such as holidays or because he needs to deliver the product to his customers within the stipulated time. So they must choose air freight to meet their needs. From the results, it seems that a considerable number of people do not clearly know their needs for transportation methods, so they blindly choose the fast air transportation method. But if you want to save money,
6 Ways to Consider to Significantly Boost Store’s Revenue (Non-Technical) Read More »
Are you a new gua sha store owner and urgently need to increase your store’s revenue? Or do you have a long-running store, but suffer from a long period of no growth in store profits? Today, you will get some inspiration from here. We won’t give you a hint from the operational technology side of this post, we’ll start from the more practical product and supply side. Combined with our own situation and the actual experience of various customers, you can find tips and methods to improve your store’s revenue. Here you will learn how to reduce the cost of purchase, improve the profit of a single product and maintain the stability of inventory. 1. Look for Gua Sha Manufacturers, Not Traders. Have you ever thought about whether your current supplier is a gua sha manufacturer or a supplier? If you’re happy with your current supplier prices, then you don’t need to pay too much attention to this topic. But if you want to reduce the cost of restocking, this is the most direct way. Choose a manufacturer instead of a trader and you’ll get at least 30-40% off. Take a look at the formula below: Manufacturer’s Price = Product Cost × (1 + Manufacturer’s Profit Percentage) Trader’s Price = Manufacturer’s Quote × (1 + Trader’s Profit Percentage) It’s easy to see from the formula that by choosing to source from the manufacturer, you’ll save the trader’s extra markup. 30%-40% off is no surprise. Besides the cost of the product, you can also get more benefits, more stable product quality, a more accurate production cycle, etc. We’ve covered how to find suppliers in an earlier article, and I’ll give a brief overview here. If you want to know more details, you can check our other article “How to Find Best Supplier?“. 1. Google Search This is our most recommended course of action. The Google search function is very powerful, you can find almost everything on it, whether it is cosmetic scraping roller products, or various electronic parts, etc., you can find the manufacturer you need. The trick is to add “factory” or “manufacturer” to the end of the keyword for the product you want, such as “gua sha wholesale” Try to choose the top-ranking website, and pay attention to identify the credibility of the website. 2. Alibaba When it comes to sourcing products from China, Alibaba is the most frequently mentioned platform. As China’s largest foreign trade wholesale platform, it has countless supplier information. Sounds great right? But it should be noted that if you want to find manufacturers from Alibaba, then you need to pay more time and effort than Google search. Because the store rankings on Alibaba are not for reference. If the supplier is willing to pay Alibaba a decent amount of money for the ranking, he can get a fairly high ranking, otherwise, your ranking will not be high. (It’s not just limited to ad rankings, but organic rankings as well.) 3. Made in China and Global Sources These two are international wholesale platforms similar to Alibaba. However, these two platforms are higher than Alibaba in terms of the average quality of suppliers due to higher registration thresholds and requirements than Alibaba. And, if you want to source electronics, these two platforms are better options. 4. Field trips If you have this condition, this is our most recommended course of action. You can have a direct dialogue with the manufacturer, which can give you a considerable level of confidence in your trade. But this approach requires many conditions. You need to spend a considerable amount of money and time, you need to prepare a corresponding entourage to ensure good communication between you and the manufacturer, and even you must always pay attention to the epidemic prevention requirements in different regions of China. Therefore, although this approach is the most direct and effective, it requires complex preliminary preparations and investment of funds and time. This is not the preferred way to be a novice seller or a small to the medium seller. So to sum up, our most recommended practice is still Google search, and platforms such as Alibaba and Made in China are also good choices, but it takes more effort and time to identify. 2. Choose the Shipping Method that Suits You Best What shipping methods are used for your imported goods? by sea? Air or ground? Sometimes, the right way to change transportation can bring unexpected benefits. Let’s briefly explain the advantages and disadvantages of each mode of transportation. Air freight: The advantage is that the transportation time is short, usually about a week. It is suitable for commodities with small quantities and urgent demand. The disadvantage is that it is relatively expensive and not suitable for transporting bulk commodities. Shipping: The advantage is that the price is relatively cheap, and it can undertake the transportation of bulk commodities. Dozens of tons and hundreds of tons can be transported. The disadvantage is that the shipping time is long, often more than a month or even longer. So do you know which shipping method is currently suitable for you? Or do you think your current shipping method must be the right one? You can think about these questions. It’s hard to say that there is one shipping method that works for everyone, and everyone’s needs will be different. About 80% of the customers we met initially That want to choose air freight. But in the end, only half of the customers still insist on choosing air freight. The reason is that they urgently need this shipment, either to catch up with promotions such as holidays or because he needs to deliver the product to his customers within the stipulated time. So they must choose air freight to meet their needs. From the results, it seems that a considerable number of people do not clearly know their needs for transportation methods, so they blindly choose the fast air transportation method. But if you want to save money,
