5 Minutes To Understand Wholesale Pet Supplies Business
Table of Contents
Common Wholesale Pet Supply Business Models- Who Are You?
B2B:Wholesaler,distributor,Brand Owner,Importer
B2C:Retailer,Store owner,Online seller via website & Social media
Need to Think:
- Do you know where and how to select suppliers?
- Do you know how to avoid “Pricing War”?
- Do you know how to ensure the quality especially everyone say”we have best quality”?
- Do you know how to make your business being special instead of selling similar and same products as your competitors?
- Do you know…
8 Steps Only To Start Wholesale Pet Supplies Business With Factory
Find reliable suppliers
Ask for catalog & price list
Select the products you are interested in with quantity and if any other requirements
Supplier will send you a quotation
After both parties have confirmed all details to their satisfaction,the supplier will issue an invoice detailing the product price and shipping costs
Pay deposits and start to produce(normally 30% – 50%)
Production and package done(You should ask for video or pictures to confirm)
Pay balance payment and start to ship
Where To Find Wholesale Pet Supplies Vendors?
What Is The MOQ For Wholesale Pet Supplies?
For Regular & Ready Pet Supplies
Normally it is from 200-500 pcs such as leashes,harness,toys etc.For smart type,it may be higher at least 500 pcs such as automatic cat litter box,automatic feeders,water fountain,GPS tracker etc.
For OEM OR ODM Order
If you need to custom your logo,color,package,user guide or even design your special one,then normally it is from 1000 pcs or more.
How To Negotiate With Wholesale Pet Supplies Manufacturer?
Certifications
Does the product require certification?if not,when you import it will have big troubles
Quality Inspection Process
The formal and comprehensive quality inspection process consists of: incoming material inspection, production and packaging inspection, and pre-shipment inspection. Additionally, photographs or videos must be provided to the customer for confirmation prior to shipment
Price & More Support
To check whether they could provide you better price or not when you buy in bulk.and if factory could provide all pictures or videos of products to support marketing
After-Service
Have return or refund policy?Typically, some factories only offer compensation when the defect rate exceeds 2% or even 5%. You need to find suppliers who provide 100% compensation to minimize risk
What Are Payment Methods?
For Small Amount Order
If sample order,it is available to pay by paypal if vendor accept it.
For Regular Wholesale Order
Pay 30% – 50% as deposits,then start to produce,after finished will provide you pictures & videos to confirm,then pay 70% or 50% as balance payment.
What Are Import Duties And Shipping Costs For Wholesale Pet Supplies?
For Import Duties
- Get the HS code of products
- Tariff rate sections on the websites of national customs or trade authorities: such as the EU’s TARIC and the US’s USHTS
For Shipping Cost
Need to confirm product and quantity first,The following factors will affect shipping costs:
- Shipping way:Air & Sea,air flight quick as around 5 – 10 days but expensive for small order,sea is slow around 1 month or longer for big order
- Quantity & Volum cause different price,more heavy more cost
How To Calculate Profits For Wholesale Pet Supplies?
- Calculate your total order amount: Product cost + Shipping fee + Remittance fee (typically $45 per transaction)
- Calculate your import tax rate: For example, 2%
- Ex:Product fee 5000$,shipping 500$,transfer fee 45$*2=90$,import duty:2%,Then total cost it is:5,000 + 500 + 90 = 5,590$,Duty = 5,590 USD × 2% = 111.80$,Total it is 5,590 + 111.80 = 5,701.80$
- Check how much the products selling in local,then you will know profit
What Is the Biggest Mistake When Importing Pet Products From China?
“Always Looking For Cheap Price”
Why?
First, “expensive” isn’t a derogatory term. It represents responsibility, quality, and the impression customers have of your product. No one wants their first thought upon seeing your product to be “cheap.” If customers already perceive your product as inexpensive, unfortunately, you’ll struggle to control your profit margins—because whenever customers think “cheap,” they’ll think of you.
Don't let "Cheap"destroy your business:
- “Cheap” means Factory also need to control cost to make profit,you ask too low,everybody competeting about price,they accept your order,if still good quality,no profit,they will not
- “Cheap” means nobody will care more about quality inspection,production,package,even after-service,they just do one time business then next one,but you’ve lost all
- “Cheap”means nothing but only cheap.from buyers:your products,your quality,especially your brand,all cheap.when you want to start sell something good,they will say,why now expensive,you always cheap
Conclusion
The only reason you’d get caught up in a price war is because you’re selling products that your competitors are selling exactly the same, forcing you to compete on price to win customers. But this benefits no one.
The only solution is to find factories with R&D capabilities. They’ll have their own design departments and can provide you with products that stand out from the crowd.
