Retail or wholesaling which is financially rewarding

[cherry123]

Which do you think would be a lot financially rewarding to engage in? retailing is selling In bits while wholesaling is selling in bulk.

 

[Starmix]

As far as my sister is concerned she favored the retail business. She is selling red rice in sacks and then also through retail and realized she profits more in retail selling.

 

[Golden9]

It depends on the number of customers available to you and how often they buy. I work in a wholesale shop, and the returns we get from those who buy in bulk and return often is more than that of those who buy in bits but rarely.

 

[cherry123]

yes the number of people that will patronize your business matters for one to note It will help you to decide if you want to go into whosaling or retailing

 

[Enxx]

Wholesale is Profitable because you will get to sell to many retailers

 

[rubesh]

It depends on the individual and the type of business. Generally, wholesaling can be more financially rewarding than retail, as there are fewer overhead costs associated with wholesaling compared to retail. Wholesalers typically purchase products in large quantities at discounted prices and resell them to retailers at a markup, allowing them to make a larger profit. However, some retailers may be able to make more profit due to their ability to reach a wider audience, or due to the higher price markups they can charge.

 

[eldavis]

Both are actually rewarding though but i think you stand a chance of gaining more as a wholesaler, cause you would buy directly from the mother company and sell in large quantities to retailers.

 

[Magnus2022]

Both is profitable. Some businessmen combine both of them. Wholesale demand more of capital than retail business. It is not easy to determine which is more profitable both it seems to me that wholesale is more profitable.