As a business owner, one of the biggest challenges is managing your costs and maintaining a healthy margin. With food costs and inflation on the rise, it is more important than ever to ensure that you are getting the best possible prices on the products you stock and hit a healthy margin. It is time to start comparing prices!
Today, if retailers want to find the best deals on a stock order they need to compare prices manually. This involves going through dozens of suppliers' catalogues, one by one. A slow time-consuming process. We spoke to several convenience store owners who said they would love to compare prices but they don’t even have the time.
So why can’t you compare stock prices? You are probably used to comparing insurance renewals or the price of your next holiday and flight. In fact, 77% of car insurance was bought thru price comparison websites. In total, UK customers save £4.6billion annual because they compare prices. So again, why does this not exist within stock ordering?
The benefits of price comparison for stock ordering for you store
Finally, price comparison can also help you stay competitive in the market. By regularly comparing prices, you can ensure that you are offering your customers the best possible prices on the products they want. The cost of living crisis has only increased the consumer need for low cost items - make sure you are able to offer your customers the best possible deals in your store
Are you tired of overpaying for the products in your store? It's time to take control of your margins and make smart purchasing decisions. That's where B2B wholesale price comparison comes in. By regularly comparing prices, you can easily spot opportunities to save money, improve your margins, and make better ordering and purchasing decisions.
Think about it, by finding the best price on every order, you're not just saving money, you're also managing your inventory more effectively. No more overstocking or understocking your shelves. You'll be able to buy what you need, when you need it, at the best possible price.
But it's not just about saving money and managing inventory. Staying competitive in the market is crucial in today's economy. By regularly comparing prices, you can ensure that you're offering your customers the best possible prices on the products they want. The cost of living crisis has only increased the consumer need for low cost items. Make sure you're able to offer your customers the best possible deals in your store.
Don't let overpaying and poor inventory management hold you back. Take control of your margins and stay competitive in the market with B2B wholesale price comparison.
How to compare prices on your next wholesale order
There are many tools and resources to help with category selection or advice on how to run your store, but until now there has been nothing to help with price comparison for independent retailers.
Coral is the first wholesale price comparison website. Coral allows you to quickly and easily compare prices on over 10,000+ products that you stock in your store, and helps you find the best prices from a wide range of suppliers.
Price comparison is an essential tool for convenience store owners looking to save money and improve their margins. By regularly comparing prices, you can identify opportunities to save money, manage your inventory more effectively, and stay competitive in the market. Whether you use a tool like Coral, or taking the time to do it manually, make sure to regularly compare prices and take advantage of the benefits of price comparison.