When you buy wholesale loungewear sets, you’re usually able to get them at much cheaper prices than consumers would at stores. However, buying wholesale typically means buying in bulk, which is why it’s usually only done if you plan to resell the items in a store or online store. Buying wholesale loungewear sets usually requires having a wholesale license and involves tracking down wholesalers who provide the type of loungewear sets that you’re interested in. Once you’ve found the wholesalers, you need to identify whether they are reliable and reputable.
In this article, TOBWholesale‘s management expert Brett is going to unfold what all loungewear sets boutique owners need to know about buying wholesale loungewear sets, including
- If you need to register a business.
- If you need a sales tax license.
- If you need a wholesale license.
- Find loungewear sets wholesalers.
- 11 important things to consider when determining a loungewear sets wholesaler.
- Buy ahead of time.
- Choose a variety of styles.
- Determine the wholesalers’ sizing information
- Purchase only what you need.
Now, let me walk you through the process of buying wholesale loungewear sets from A to Z.
- Register your business.
In most jurisdictions, you’ll need to have an official business before you’re granted a wholesale license. Contact your country’s department of taxation to determine what the necessary steps are, so you’re legally allowed to conduct business.
- If you’re unsure where to start when it comes to registering your business, it may help to talk to a lawyer.
- In many areas, you can register your business online, so the process takes 10 minutes or less. However, the registration for more complicated business structures may take 1 to 3 months to process.
- Check to see if you need a sales tax license.
If you plan to sell the loungewear sets that you buy, you may need to get a sales tax license before you can obtain a wholesale license. Check with your local department of taxation for sales tax requirements and how to apply for a sales tax license.
- While you can often apply for a sales tax license online, it can take 1 to 4 weeks for the application to be processed.
- There is usually a fee for a sales tax license.
- Apply for a wholesale license.
Once your company is registered and you’re legally able to sell goods, contact your local department of taxation to officially apply for a wholesale license. You’ll usually need to supply the name of your business and its taxation information, as well as pay a fee.
In some countries or jurisdictions, you need a license to buy wholesale loungewear sets and other items. However, you only really need the license if you’ll be making large wholesale loungewear sets purchases on a regular basis, such as for a store or online shop.
- Check with your region’s department of taxation to determine what the requirements are for a license and how to apply for one.
- If you don’t plan to sell the loungewear sets that you buy wholesale, you usually don’t need a wholesale license.
- Find loungewear sets wholesalers.
There are 10 efficient ways that you can use to find loungewear sets wholesalers, you can search “wholesale loungewear sets” on Google search, Google Shopping, Google Image, Google Maps, and you can find loungewear sets wholesalers on alibaba.com and aliexpress.com, find and contact loungewear sets wholesalers on LinkedIn.com, and in Facebook groups. If you want to see the loungewear sets wholesaler in person, you can attend the trade show and fashion district near you.
I have written the methods mentioned above in a guide. If you need to know how to find loungewear sets wholesalers more specifically, please click this link to read more.
- 9 important things to consider when determining a loungewear sets wholesaler.
There are 11 things you need to consider to buy wholesale loungewear sets
- How many wholesale loungewear sets do they provide.
If a loungewear sets wholesaler doesn’t have many styles of loungewear sets for wholesale, then you will not have many styles to choose from for your boutique and your customers. It would be better if they had 50+ styles of loungewear sets for wholesale.
- The price range of wholesale loungewear sets.
Buying wholesale loungewear sets is a way you can get them at low prices. To ensure you get more profits from your business, you need to take a look at the price range of loungewear sets collection on wholesalers’ websites before you decide to place an order for a trial.
- The shipping time.
Shipping time is essential to your business. Check their shipping policy page (usually on the bottom Navi. menu) and see they don’t process and deliver wholesale loungewear sets for too long. It will be better for your business if the wholesale lead time is within 14 days.
- Whether they have minimum order requirements.
Minimum order requirement is a key factor to consider, whether they have minimum order requirements (known as MOQ) will affect the quantity of wholesale loungewear sets you are going to purchase. Some wholesale loungewear sets have no MOQ, while some have MOQ. To find out whether they set MOQ, the easiest way is just to add one loungewear set to cart on their website and see if you can go to checkout.
- Whether they require you a resale certificate.
No business license or resale certificate required would make your wholesale loungewear sets purchase easier. To see whether they require you a business license or resale certificate, just add one loungewear sets to the cart and see if you are redirected to an account page and required to fill out a form with your business information, if not, then they don’t require a business license or resale certificate.
As shown below, you can see there is a * symbol on the top right of the Seller’s Permit or Business Identification, which means this wholesaler requires you a business license to buy wholesale products from them.
If you don’t have a business license or resale certificate yet, choose another wholesale website for now.
- How many methods are there for you to contact them directly?
This is another key factor to consider. The more contact you can get from their websites, the more reliable and efficient they are to resolve your issues and inquiries. Generally, you can get their contact at the Contact Us page at the bottom Navi menu on their website.
Besides, you can search for their brand on Instagram and Facebook to find more contacts or just DM them.
Don’t forget to talk to their online customer services to see if they respond to your message over 24 hours. If longer than 24 hours, you probably can’t find them if you have placed a problem order from them.
- Whether they post frequently on their Instagram accounts.
Seeing if they post regularly and frequently on their Instagram accounts is a way to see if their wholesale loungewear sets businesses are still running actively.
I call this “Checking them if active”. If they are not active, you should be more cautious with your payment decision.
- Are there plenty of people following their Instagram account?
Check the follower numbers of their official account.
By doing so, you can know if they are a new loungewear wholesaler or have run a wholesale loungewear sets business for years. It’s a way to help you know if they are reputable or not.
- Do they have loyal customers?
One of the best ways to find out if a wholesaler has many loyal customers is to check the search volume of their brand name with Keywords Planner on Google Ads.
As shown above, I searched the brand keyword “tobwholesale” and found there were an average of 1,000 searches every month, which means there were a monthly average of 1,000 customers purchasing wholesale clothing on tobwholesale, indicating tobwholesale is a reliable and trustworthy wholesale clothing website. You can investigate a brand with this method, all you need is a Google Ads account, which is free.
- Buy ahead of time.
If you’re stocking a brick-and-mortar store or a website, it’s a good idea to plan what types of loungewear sets you’ll want for each season ahead of time. Purchase at least one season ahead, so you’ll always have the right items in stock.
- For example, don’t try to buy shorts at the beginning of summer when there probably won’t be as many options available and you might have to pay more. Buy summer loungewear sets in spring.
- Choose a variety of styles.
When you’re shopping for wholesale loungewear sets, don’t just purchase items that you would wear. You’ll want your inventory to appeal to as many people as possible, so buy loungewear sets that will work for people with a variety of different tastes.
- Determine the wholesaler’s sizing information.
When you’re dealing with a new wholesaler, make sure that you familiarize yourself with their sizing measurements.
If items run small, you’ll probably want to purchase a greater number of larger sizes to ensure that the inventory will fit the majority of potential customers.
- Purchase only what you need.
When you’re buying wholesale loungewear sets, you’ll often get a better price if you purchase a larger quantity. However, if you don’t sell all of the items, you’ll wind up losing money in the long run. Buy only the amount of loungewear sets that you expect to sell to avoid having unsold inventory.
Conclusion
Coming up with the right purchasing strategy is key if you want a successful business. If you’re thinking of buying wholesale loungewear sets to sell, it’s best to start small. Consider setting up a store on a site like eBay or Etsy to get some experience before starting your own website.
FAQs about Buying Loungewear Sets for Wholesale
Q: I’m new to building an online business and was wondering: how do you know what inventory to order and start off with?? Just what you think will sell?
A: Determining what inventory to order when starting a business is a challenging work. But you can do market research to identify the demand for your product. And obtain feedback from potential customers about what they are looking for. And most importantly, start with a small inventory of popular products. Use data analytics to track the performance of your products and know what inventory to order for the next period.
Q: Do they deliver worldwide? I’m in South Africa.
A: You can check their Shipping method page at the bottom Navi menu on their website, see if they deliver wholesale loungewear sets to your location.
Q: What is the difference between sleepwear and loungewear?
A: In simple terms, loungewear should be worn during the day at home or when running quick errands.Sleepwear on the other hand should only be worn at bedtime, hence the term “sleep” in sleepwear.
Q: Is loungewear sets still in Style in 2023?
A: Ever since 2020, we’ve seen a continuing increase in loungewear on the market. The standout comfy trends started out as something to look forward to while staying home, and cozy pieces have now become everyday staples.
Q: Why do people buy loungewear sets?
A: Loungewear is synonymous with two absolute terms that are flexibility and comfort. They give you a lavish touch of luxury without any extra effort. Now, as the world is moving more towards work-from-home opportunities and remote work, the demand for women’s loungewear sets has significantly increased.
Q: Are hoodies considered loungewear?
A: Loungewear Tops It could also be a sweatshirt, hoodie, long-sleeved T-shirt, or even a comfy sweater or turtleneck. Notice how all those items are things you’d wear outside of the house, yet at the same time, they still bring you comfort and allow you to feel like yourself if you’re chilling at home.
