Merchandising & Wholesale Blog

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What is the Difference Between MSRP, Invoice Price, List Price and Retail Price?

What is the Difference Between MSRP, Invoice Price, List Price and Retail Price?

General merchandise wholesale distributors can have a hard time determining the price points for their inventory. As a retailer, merchandiser, or pawn shop owner, you want your...

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What Are Fixtures in a Store?

What Are Fixtures in a Store?

Any retailer knows how crucial visual merchandising is to get customers’ attention and driving sales. They know that the inside of their store needs to have that perfect vibe for...

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Do I Need a Seller's Permit To Sell Online?

Do I Need a Seller's Permit To Sell Online?

If you’re planning to sell or lease any products or services through your business, one of the most important things you’ll need to do is get a seller’s permit. However, if your...

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5 Inventory Turnover Problems (And Their Solutions!)

5 Inventory Turnover Problems (And Their Solutions!)

Managing inventory at a pawn shop or a retail store is an essential component of doing business within this industry. Most importantly, when inventory is properly managed, better...

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What Does MSRP Mean In Wholesale and Retail?

What Does MSRP Mean In Wholesale and Retail?

You want to please your customers by providing quality, fast moving products, while still receiving the maximum return on your investment. Whether you own an e-commerce or...

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Why Do Vendors Encourage Retailers to Sell at MSRP?

Why Do Vendors Encourage Retailers to Sell at MSRP?

Making sales is how you keep your store open. Some retailers resort to listing products below the manufacturer’s suggested retail price, or MSRP, to drive sales. However aside...

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How to Make Your Pawn Shop More Profitable

How to Make Your Pawn Shop More Profitable

Just like any other business, pawn shops are always on the lookout for proven strategies that will help increase profits. When it comes to the unique operations of a pawn shop,...

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Do I Need a License to Buy Wholesale?

Do I Need a License to Buy Wholesale?

As a retail or service supplier, you may be thinking about buying from a wholesaler to help save on costs for your business and raise your profits. Buying wholesale means you...

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How Do I Get a Tax ID Number to Buy Wholesale?

How Do I Get a Tax ID Number to Buy Wholesale?

One of the ways retail businesses increase their profits is to buy items wholesale from bulk manufacturers. Buying from wholesalers helps retailers build healthier margins, thanks...

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How to Buy Wholesale Products [Guide to Resale Business]

How to Buy Wholesale Products [Guide to Resale Business]

If you’re someone who is opening a retail store or shop or simply buying wholesale for the first time, it’s paramount to understand the process behind buying wholesale products....

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