Why Should we hire you? Why should we hire you is another one of the most important job interview questions asked in the interview and if you are not prepared for this question well in advance then it will be the toughest. So prepare the answer beforehand. To answer this question then you should have a good understanding of the key requirements of the job. To answer this question you should highlight what makes you a perfect candidate for this specific job opportunity. Describing the selling points relevant to the job such as job experience, industry experience, technical skill and company cultural fit will ensure your success in getting this job opportunity. If the job opportunity requires a change in industry or career, you should convince the interviewer that your experience and background will match the new role. This has to be done i f your experience does not match directly with the job. And if the job candidate has little or no experience then you should convince the ...
Wholesale Meaning
What is Wholesale Business - Wholesale is the selling of good and merchandise to retailers and large business entities in large volumes at a lower price and low profits. As the business volume is high, the profits are very thin in the wholesale business. We have some wholesalers retailers for example Walmart, Carrefour, Walmart's Best Price, Reliance Market and Metro Cash and Carry in India.
How is Wholesale different?
1) Wholesalers sell only to a business and not to the end-users.
2) Wholesalers don't sell in small quantities and they sell in bulk
3) Wholesalers don't give much emphasis on the display of merchandise.
4) Location of the wholesaler is not of much importance.
5) Visual Merchandising is not of much importance on wholesale
Sometimes wholesalers will also serve the customers, for example, Walmart and Metro Cash and Carry store sell to end-users also, here they are both retailer and wholesaler. Another example of this is Apple, we can purchase Apple products in Apple Exclusive stores, through Apple Website and also in Walmart outlet. Here Apple will operate as a Manufacturer, Wholesaler and Retailer.
Difference Between Retail & Wholesale:
1) Retailers sell goods to end-users, whereas wholesalers sell goods to business entities and the retail industry.
2) Retailers sell in small quantities at a high price, whereas Wholesalers sell goods in bulk at relatively low prices.
3) Retailers sell goods at high margins to cover all the costs involved and wholesaler sell the products at low margins.
4) Retailers adopt B2C model, Business to Customers model - wherein retailer receive products from business(wholesaler) and sell the products to consumers. Wholesalers adopt B2B model - purchase the goods from the manufacturer and sell them to other business entities and retailers in bulk.
5) Competition is very high in the retail business because retailer care for the customer experience, whereas the competition in wholesale is comparatively low.
6) Retailers spend a lot in marketing and advertising costs, this is not in the case of wholesalers as they don't spend much on advertising.
7) Another major difference is that the wholesaler typically deals with a limited set of products, whereas the retailer has a different set of products at a time.
Benefits of Wholesale:
Saves Money: Buying products in bulk will help us to save money, which means we can get the products for less and sell them more. As the cost involved in marketing and advertising is less - a considerable amount of money is saved.
Helps to build a network of suppliers: Prompt delivery from supplier or manufacturer and quick payments will help in building relationships which are very much essential for long term business.
Helps to achieve expertise: With research and selling specific products, you become n expert in the specific area. By selling specific category you gain knowledge about the industry which is very important to gain the trust of the customers. Use this knowledge with your online customer community that will help customers to purchase the products from you.
Will help in expanding business: Once you settle down in your industry you will start to see connections with the other markets. This connection will definitely help in upselling and cross-selling opportunities that will help your business to gain even more success. The expansion will be very easy as you would have set your brand and established the market. These new ventures will be quick and easy when compared to setting up a new business.
very great explanation and additionally it can be said that wholesaling needs a great connection or networking ability from the business towards the customers and how we know to make sure that we can provide the partners to be able to rely on us to provide them with the goods they order this is why we believe the automation or helping the business in making things easy so that the business can focus on the customers with the benefits of wholesale software for the ability to manage the inventory, we can track our sales through an automatic system this in the end increase or give assistance to retain customers. No other software in the market today can make that more perfect than the HashMicro's software that has all the ability to perform the perfect wholesale software .
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