Wholesale Business Fundamentals

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Lesson 1

Introduction to Wholesale Business

15 min Beginner

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Welcome to the world of wholesale business! In this lesson, you'll learn the fundamentals of wholesale operations.

Wholesale business is all about buying products in bulk from manufacturers or distributors and selling them to retailers or other businesses at a markup.

Key concepts we'll cover:
- Understanding the wholesale supply chain
- Identifying profitable product niches
- Building relationships with suppliers
- Setting competitive wholesale prices
- Managing inventory effectively

By the end of this course, you'll have a solid foundation to start and grow your own wholesale business.

Key Takeaways

  • Wholesale connects manufacturers and retailers
  • Buying in bulk reduces per-unit costs
  • Relationships are key to success
  • Proper pricing ensures profitability