It doesn’t matter if you are buying for your business or for your home, because it is your job as the head of the household or business to keep your costs down whenever possible. From a business point of view, this helps you to pass these savings onto your customers, so that they stay with you for longer. It is the one thing that might keep you ahead of your competitor, because, as we all know here in Australia, the level of competition is staggering.
If you are able to buy everything that you need in bulk and you have the budget to do so, you can do things like bulk buy condoms, and you can do the same with things like frozen food that will keep in your fridge for months. If you are the type of person who only buys one of everything, but pays through the nose to do so, maybe you need to consider some of the benefits of always shopping in bulk.
- It certainly saves you money – If you are willing to buy more than the average customer, the supplier will be more flexible when it comes to dropping the price. From a business point of view, if you are buying a lot more, you can discuss better terms with your supplier. As was touched on briefly before, if you are running a business in a very competitive market, being able to save money at source allows you to pass the savings on to your customers.
- It certainly saves you time – Think of how many times you have to do a weekly shop for your home, and it probably amounts to about 4 to 8 times a month. This could be cut in half for both scenarios if you would just buy the items that you need consistently in bulk. This frees you up to do other things in your life, like pursue your hobbies and try to relax a little bit more. It will certainly be good for your stress and anxiety levels as well.
- It’s certainly kinder to the environment – Everyone talks about wanting to do their bit for the environment, but very few follow through here in Australia. If you are buying your items in bulk, it means fewer trips to the wholesaler or supermarket, you won’t be driving your car or delivery van as often, which translates into cleaner air for everyone. This will help you to reduce your carbon footprint across the board, and you can actually tell your customers about this, which will help to improve your business reputation.
From a business point of view, buying in bulk gets you better customer service from your supplier. You will be regarded as a better customer who consistently orders in greater numbers. You will find that they will process your order first, get it out to you as soon as possible, and once again, this allows you to provide better customer service.
