Every small business dreams of one day receiving a substantial bulk order for its products. As many small businesses operate on a tight budget, this provides crucial breathing room and could give you the edge to push for growth. However, as appealing as bulk orders are, they can be scary to fulfill. You don’t want to let down your new client, but you’re also unsure if you’re able to guarantee the delivery goes off without a hitch. While intimidating, you can still succeed in fulfilling bulk orders as long as you know what to do.
Offer Bulk Discounts
Offering volume discounts for larger orders means you and the client can immediately get down to business and determine the cost of the order. While your products may cost a specific amount individually, bulk discounts allow you to provide more for less, with each product reducing in price as the volume increases.
This makes the ordering and shipping process easier to handle. Your clients can choose how much of the product they need, and you can ship the product in packaged accounts which allows you to keep track of how much you have sold and monitor your remaining stock. As you don’t want other clients to miss out on products, you can update your inventory to ensure your stock numbers are accurate.
Establish Shipping Partnerships
Your business needs to establish a reliable shipping partner that will ensure prompt and secure delivery to help the product arrive at the destination in excellent condition. As a small business, you may not have a variety of options available, especially when considering your smaller budget.
However, this doesn’t mean there are no services for you to work with. A little research can help you ask what does freight shipping cost for small businesses, which can point you in the right direction and find a shipping partner that you can depend on now and in the future.
Additionally, consider the advantages of integrating a shipping software solution to further streamline your business processes. The incorporation of such technology can significantly enhance your processing speeds and improve the overall efficiency of your shipping operations.
Ask for Prompt Payment
Bulk orders are often much more money than you’ve ever received at once. It can be an effective change for your business, but only if you get the money as quickly as possible. Requesting prompt payment as a policy for bulk orders helps you maintain your cash flow and protects your business from untrustworthy clients.
You don’t want to go through the hassle of designing, making, and shipping products without receiving the money. If the client seems uneasy about paying upfront, you may be better off not working with them.
Find Experienced Employees
If you’re working alone, you may not have the resources to handle these large orders all by yourself. To overcome this, hiring specialists who have experience with high product demand can relieve pressure and improve efficiency.
If they have experience in warehouse environments or other retail scenarios, you eliminate the need for training and accelerate the process to ensure the shipment gets out on time.
Bulk Buying
Large companies often buy in bulk to save the hassle of replacing products or supplies every few weeks. If your small business receives a significant bulk order, these simple ways help ensure a happy client, meaning they will return for the next order in the next six months. In the meantime, increase your production so that you’re ready for the request.
