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In the current market finding the ideal dollar store merchandise with the best selling price will be an almost overpowering issue. Prices for the products you sell are soaring along with the expenses associated with freight. To keep a competitive profitability level those who are running a dollar store must have a merchandise strategy that includes regular searches for better prices. Often the need for new, lower pricing dictates locating new, better pricing from different merchandise vendors. In this article I provide 3 ideas for locating new, different suppliers. 1) Drop by rival businesses. Check the goods being sold by your competitors. What items are they selling? Where were they manufactured or distributed from? Which items sell best? Which vendors offer the most competitive pricing? The list of questions goes on. You will often be surprised by how open and willing to share information with you your competitors will be. Most want you to succeed and will offer tidbits of information to aid you. 2) Sign up for Industry events. Dollar/Discount trade Shows stay as a really great source of product suppliers. Use care in picking the show you attend. Plan your time well. Always include time to meet with new merchandise vendors. Ask them questions about product quality, pricing, customer service and delivery performance. Examine their items as well. If a new vendor appears to be a good prospect ask about event special pricing and create a small test order. 3) Ask existing merchandise vendors for ideas. One way to locate new, different merchandise vendors is to ask your existing vendors. They may be unwilling to name direct competitors for fear of losing you as a customer. However, they may be very willing to offer up names of non-competing merchandise vendors in specialized areas. Your merchandise strategy should include asking for referrals and then following up when referrals are made. For your dollar store merchandise strategy success! Are you interested in starting a dollar store? Visit http://www.openingadollarstore.com for more information.
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