Wholesale Makeup – A Profitable Business
You don’t only love makeup, but also want to make money by selling makeup. As you love looking well-groomed, you will love others too look the same way, by selling them high-quality makeup products. But you may wonder from where to start. Here are some tips to start your own wholesale makeup business.
You will need:
- Wholesale supplier
- Price lists
- Order forms
- Sales manual
- Gift bags
- Ledger for revenue/expense
You will need a designated space from where you will operate your business. You will need it to meet clients, store your products, keep accounts and do all the business-related activities. Find out a spare or least-used room in your home and turn it to your office.
You will need a license for your business in order to pay sales tax. Register the business name. Apply for the license and DBA through an office of government such as your county or administrator as per Business.gov.
Choose a sales supplier. Contact the National Association of Wholesaler-Distributors at NAW.org or visit Nationaldirectsalesnetwork.com. You can get information of potential wholesalers from the representatives of these organizations.
Choosing the Supplier
Enquire with many of the suppliers about their products and see if they supply the products you want. Choose supplier/s who offers the lowest cost per unit of a product.
Order the products and other items like price lists, catalogs, gift bags, order forms etc from your supplier.
First contact those who are your nearest. You can start with your family and friends. Arrange a showcase or party. Ask the hostess to invite maximum guests. Arrange as many parties as possible every month.
Be equipped with all your items at the party. Hand over every product to the guests for say 30 to 45 minutes. Encourage guests to ask queries. Give them catalogs. Pass on the price lists and order forms in the end. Collect them back before leaving. Invite guests to host a future party for you and take names and phone numbers who are interested to host a party.
Place the orders every week through your wholesale supplier. Pay the wholesale costs only of the products. When you get the products, place them neatly in gift bags and call each hostess to pick up all orders. Let all hostesses collect checks and cash. Keep a neat ledger of your expenses and revenues.
To become successful in any business, you have to be very persistent and patient. You also need to be honest and friendly to gain a good reputation in the market. Once you do these things and gain reputation, you can earn a lot of profit in the wholesale makeup business, because women will never stop loving makeup!