Become a Dollar Store Supplier to Achieve Higher Dollar Store Profits

One of the constant challenges faced by all who own and operate a dollar store is finding new, creative strategies to increase sales and dollar store profits. This isn't as easy as finding one or two tactics and then your problems are gone. You'll need to continually be on the lookout for new ways to leverage your store. One strategy that can be used is becoming a dollar store supplier yourself. Fortunately this is one that can become as big as you desire. If you are looking for a way to increase sales volume by only a few hundred dollars per month, that's easily accomplished using this strategy. On the other hand, if you want to grow a new, higher volume stand alone business, becoming a supplier makes that very possible. In this article I will review 4 of the biggest advantages to considering this strategy for your business.

#1) Dollar and discount store owners are always looking for local bargains. It will take a little time and effort, but you'll be able to get the word out quickly. Make a few phone calls to other store owners to let them know what you have available. Even better, create a simple flyer and drop by to meet the owners in-person. The flyer will work as a reminder of your visit. Include your address and phone number.

#2) If you have any extra, unused stock area, this is a great way to turn that space into a revenue generator. It's also much easier to manage two businesses from the same location. There's no extra driving as you run back and forth to deal with customers and problems. Be sure there are no conflicts with your current lease agreement or local ordinances before opening a major new wholesale operation however.

#3) You can start by just carrying products you normally purchase. Take advantage of sale prices from your distributors. Just add few extra cases of the hottest sellers to shipments coming to your store. Get the word out that you are a dollar store supplier with a limited quantity of those items and what the pricing will be. Target to price at the normal landed price for your store. In the beginning your dollar store profits will be the different between the normal price and the sale price. Using this strategy offers two advantages. First you turn yourself into a great stop-gap supplier for local stores that have run out of the hot-selling items. Second, if you find wholesaling isn't for you it's easy to display and sell the merchandise right in your store.

#4) As you build dollar store supplier sales volume you generate more buying power. Normally that buying power translates into lower merchandise costs, lower freight costs and more dollar store profits for your business. As you grow this option you should also examine other supplier options such as manufacturers, liquidators and closeout companies for your merchandise.

To your dollar store success!

Learn how you can Start your own Dollar Store Business.

Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer.