So you've started your small business and it is doing pretty well. Maybe you should consider buying supplies in bulk to help bring your costs down. This post is a reminder to frequently assess whether buying supplies in bulk is right for you.
Most likely you have thought about this when first starting out and perhaps you even bought a few supplies in bulk to begin with but are afraid to again because you sat on the first batch for such a long time. This is typical of many people who start an eBay business or something similar out of their homes. Expectations are high when you start out and you may over buy on some supplies. But as your business expands it may benefit your bottom line to save money by purchasing in larger amounts.
Like many of you, our business (Sourcical.com) is in that in between stage where we are trying to determine when and how much we should purchase in bulk. While not the most important step in our immediate future it is one that can snowball in to huge savings down the road as we determine other areas that we may buy in bulk.
For eBay businesses and other online retail websites you probably want to consider buying things like packing tape, boxes, shipping and handling labels, etc. in bulk. Consider that you will be making far fewer trips to your local shipping supply store saving you time and wear to your vehicle. Yes, our website offers a variety of bulk shipping supplies from economical 3M 371 tape (http://www.sourcical.com/3M-371-clear-tape) and premium 3M 375 tape (http://www.sourcical.com/3M-375-clear-tape) as well as various fragile labels (http://www.sourcical.com/labels). But the point here is to get you to think about reevaluating your small business and remembering that buying supplies in bulk can save you big money in the long run.
When do you think it is right to start making the step toward buying supplies in bulk? Do you think you should from the get go? What has been your experience? Feel free to comment and help other small businesses.
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