Nowadays, everyone is looking for ways to cut down their expenses and save some money. This also applies to those in the umbrella market, primarily wholesalers and bulk buyers.
Companies that use umbrellas as their promotional products would prefer not to spend too much, seeing as they would be producing umbrellas for many people. Knowing that purchases could go well above tens of thousands of dollars, bulk buyers and wholesalers would prefer to go for manufacturing deals that lower costs and save money.
We have compiled tested and trusted methods to reduce costs as you carry out your umbrella business. These tips are sure to save you thousands of money, even up to USD 10000!
Table of Contents
1. Buy Directly From Manufacturers
Buying your umbrellas from umbrella manufacturers is a great way to cut down on your umbrella costs. This idea is beneficial to wholesalers and consumers who want to buy large quantities. As a wholesaler or even a company needing branded promotional umbrellas, it is advisable to go straight to the umbrella manufacturers to get rid of intermediaries, who could rip you off. In addition to saving tons of money, buying directly from the manufacturers gives you several umbrella options to choose from.
2. Make Use of a Cheap Shipping Method
Shipping could have a considerable percentage in the cost of purchasing umbrellas because, for each item ordered from a retailer, you would need to pay charges for the shipping and delivery. There are various shipping methods and companies in the market today, and these shipping services have varying costs, which often depend on the weight of the package and distance. Comparing these services and their charges would help you to choose a cheaper, suitable shipping method. However, the manufacturer or store you get your umbrellas from could suggest some shipping methods for you that could fit your requirements.
3. Buy Your Umbrellas in Bulk
Buying products in bulk has a lot of advantages, including saving a lot of money. Most umbrella manufacturers reduce the prices of their umbrellas when you indicate that you would be buying bulk. That is, the cost per umbrella reduces as the quantity you would be buying increases. If you decide to buy in bulk, you could get discounts of about 20, 30, or even 40 percent! Umbrella manufacturers could give deals such as free shipping to customers who buy their umbrellas in bulk. So, if you are looking to save a lot of money, you should consider buying bulk.
4. Consider Buying from a Manufacturer Near You
There are several umbrella manufacturers in the world today, and if careful research is carried out, you should be able to find an umbrella manufacturer close to you. Buying from a nearby manufacturer would cut the cost of shipping considerably. Shipping your umbrellas from abroad, instead of getting them from a nearby, reliable source, would incur more expenses. If you still want to buy umbrellas from a manufacturer abroad, you can find out if the manufacturer has a branch in your locality.
5. Compare Different Prices of Manufacturers
The number of umbrella manufacturers in the market today has significantly grown, giving wholesalers and consumers many choices. Compare the services and prices of these various manufacturers until you get one that suits your requirements. If you approach a particular umbrella manufacturer and do not offer their umbrellas in prices that fit your financial capacity, move on to the next manufacturer. You would surely find one or two that would give you quality umbrellas at the price range you would like. That way, you save massive amounts of money, and you might even get more for less.
6. Get Your Umbrellas from Reliable Manufacturers
Buying umbrellas have gone beyond just choosing the first umbrella manufacturer or brand you come across. Because there are several umbrella manufacturers and businesses in the market, there are also “phony” umbrella sources. Attempting to buy umbrellas from these unreliable sources could take a massive chunk from your finances, and this would do the exact opposite of saving you money. When choosing umbrella manufacturers, you should select companies that would not provide you with inferior products that could easily be damaged. Umbrellas from untrustworthy sources not only cost you lots of money, but you also lose business integrity.
7. Choose Superior Quality Umbrellas
Most people think that to get quality products; you need to break the bank for funds. This is not always the case; some quality umbrellas do not cost a lot of money. People buy umbrellas today, and in a short while, they develop faults such as a torn canopy, broken ribs, or a damaged shaft. The cost of repairing or buying a new one could be substantial. However, if the umbrella is of excellent quality, these issues would not pop up, and you would have long-lasting umbrellas.
8. Make a Budget and Stick to It
Before you buy umbrellas in bulk, either for sale or promotion, it is essential to plan and budget. This budget would let you know how much you are willing to spend on the products. If you have an established budget, you would most likely run with it and avoid spending extra. On the other hand, if you do not have a budget, you would spend a lot more than expected on purchase. So, fixing a budget keeps your spending in check, ensuring that you do not splurge.
9. Be A Good Negotiator
As a wholesaler, you should be at the top of your game when making negotiations. It would be best if you never accepted the first price proposition the manufacturers give you. Do not forget that you are their customers, and so their wish is to make you happy and satisfied; take advantage of this fact. Negotiations help you get better rates and also build mutual respect between you and the manufacturers.
10. Take Note of the Exchange Rates
The nature of the economy is always fluctuating. If you order umbrellas from outside your country, you need to stay informed about your country’s exchange rates and the umbrella manufacturer’s country. For instance, the exchange rate between the dollar and pounds could increase (appreciate) or decrease (depreciate). Depreciation would make exports cheaper, while importation would be more expensive, and vice versa. So, if you pay attention to the exchange rates, you would know the right moment to place your order, thereby saving lots of money.
11. Get Familiar with Freight Companies
Freight companies are in charge of moving cargo from one place to the other. Getting acquainted with these companies could help you save money. You could approach one of them and inform them about putting them in charge of delivering your products to you from the umbrella manufacturers. Having a good relationship with these freight companies could potentially get you reasonable discount rates.
12. Improve Your Dispatch Process
As a wholesaler, it is your responsibility to provide your customers with a functional logistics department. A working logistics department, however, is not only advantageous to your customers but also you. If your umbrellas do not arrive on time and in good condition to your customers, they could ask for a refund or compensation, which would eat into your company’s finances. To avoid this, you need to work on the packaging, shipping, and delivering your clients’ umbrellas.
13. Build Long-Lasting Relationships with Manufacturers
When you find a reliable umbrella manufacturer, it is wise to develop a lasting relationship with them. When you form a strong and enduring relationship with these manufacturers, you make business with them easier for yourself, and in turn, save money. Good customer and manufacturer relationships earn you bonuses, discounts, promos, and giveaways.
14. Order As Soon As Possible
If you take too long before you place your order for umbrellas, the tendency to pay extra for shipping and rush charges may arise. If you want to save money, then delaying your order should not be an option. It is better to start and complete the ordering process as soon as possible; the benefits are countless.
15. Research!
Lastly, research is fundamental in knowing how to save money. You must do a lot of research on the umbrella market, the top umbrella manufacturers, the best shipping methods, the prices of umbrellas, and several others. You also have to understand the different policies involved in importation and exportation. In the long run, knowing these issues would save you from financial problems and unnecessary spending.
Conclusion
The above tips are guaranteed to help you to reduce costs and save thousands of dollars. It does not matter if you are a wholesaler or a corporate body in need of bulk umbrellas for promotions or events; these ideas would benefit your purchase. However, it will help if you bear in mind that although cutting costs is very crucial in business, you must never sacrifice the quality of your products for some bucks. If you need a reputable umbrella manufacturer who would manufacture quality umbrellas for you at affordable rates, contact HF Umbrellas at info@hfumbrella.com.
