If you’re curious about how to negotiate with wholesale mink lash vendors, you better check this article out. But, then, seal that deal the right way!
Negotiating with your target wholesale mink lash vendor lies on the right questions you’re going to ask like how many years they operate as a business, prices, suppliers, if they have samples, mode of payment, and so many more.
Most people wish to establish a mink lash business but don’t effectively deal with mink lash vendors. But don’t panic; we’ll show you how to haggle with specific mink lash merchants, allowing you to place a proper order while staying inside your budget.
Finding a Mink Lash Vendor
1. Always research supplier information on google before contact.
In finding the right mink lash vendor, choose a supplier that’s transparent about its (1) business operations. You must also consider how long a supplier has already been in the business and how wide the market is. Finding the one with a broader reach certainly gives you the benefit of expanding your customer reach.
2. Don’t be afraid to ask for relevant information.
Of course, as someone negotiating with a mink lash vendor, you must be direct and don’t be afraid to ask questions related to how the business operates. For example, you may ask questions like the following:
- Where are they located?
- Are they trading companies or manufacturers?
- What Product Range?
- What’s their MOQ?
- Do they provide an OEM Service?
- Do they have readily available stocks, or do they produce suitable when they receive orders?
- Are they visible on social media?
You can ask more questions aside from the ones we recommended above. Just make sure that they are relevant and would help you understand the business process even better.
3. Ask for a quote and compare prices.
The key to business negotiation is also the price. Never be afraid to request a catalogue and (2) a price list. You need a catalogue so you can see the product range of that mink lash vendor. You must also take note of the price list so you can eventually use it to compare prices to other vendors.
Check the differences among the packages and order quantities and find the one that’s giving you more edge in terms of the prices and salability. The prices vary when the boxes have 1 to 100 pairs, 200 to 500 pairs, or 500 to 1000 pairs.
4: Buy samples from different certified suppliers.
You don’t need to decide right away, even if you feel that a specific mink lash vendor has already caught your heart. You must confirm what you exactly need based on the many options you have acquired. Therefore, we suggest you buy a mixed quantity of each 1 sample from different suppliers to check styles and quality.
5: Check the samples properly.
You have to look into particular parts of the (3) eyelashes product samples, such as the sampling lead time. Verify how long it will take for them to send it or how long it will take to arrive at your place or office. You must also check the package stature for you to identify the mass order package. When it comes to the products, you have to check on the following areas:
- The lash styles, if they are the right ones.
- If they are intact and free from any damages, the lash shapes ensure they won’t easily fall.
- The wear is feeling these lashes give you when you try them.
- The smell of the mink lashes if they don’t have any chemical smell since they are made from mink hair.
Note: You may also conduct a burn test of the mink lash samples to see whether or not they smell like human hair when burned.
Asking The Right Questions with Wholesale Mink Lash Vendors
The first part of this article talks about finding the right mink lash vendor; we never asked relevant questions. Now, to give you more ideas on what to ask, we’ve listed additional questions that you can ask the mink lash vendor. Check them out below:
How long have they been in the lash business?
- Keep in mind that a supplier with 1 to 2 years of experience may be easier to deal with because they would most likely require a lower (4) MOQ. Those with more years of experience are undoubtedly more preferred. However, that their prices are higher, and their required MOQ is also higher.
What kind of payment terms do they offer?
- Consider responses like trade assurance order, payment according to particular percentage criteria like 30% or 70% before placing the order, or payment in full right away. There is no standard to this one. It just boils down to how the mink lash vendor makes its payment terms reasonable.
How do they pack the orders?
- Because mink lashes are delicate and must be intact when you receive them, you have to ensure that your bulk orders are packed in sturdy boxes and should be wrapped in bubble wraps. It’s also amazing to find orders packed in double-layered cartons because they are the safest option. Keep in mind that when your bulk orders are in great shape, you will avoid the dilemma of future disputes that can also take so much of your time.
What is the lead time?
- If it’s in stock, how many days will it take to produce the mink lashes? How many days does the shipping take? Moreover, you can also ask how long it will take to process the order. Most of the time, a processing time frame of 2 to 5 days is perfect. Of course, you also need to ask about the shipping cost and what express or shipping company covers such shipments. Most of the mink lashes vendors will give you an estimated shipping cost according to your order quantity.
How’s the product range?
- You might be tempted to go for a supplier that sells a wide variety of lash-related products. However, it’s best to choose a supplier that focuses on one kind of lash-related product. Why are we saying that? Simply put, they are more attuned to the perfection of their products and the type of services they provide because they can focus on a few things.
Saving Money in The Lash Business
1. Buy mink lashes in bulk to save more.
Buying in bulk helps you save money because (5) bulk orders are often discounted, so they are far cheaper. Why is this so, especially in the lash industry? Take note that one pair of mink lash needs one worker to produce it, and so is ten pairs of lashes. So regardless of the pairs you need, almost the same number of workers is necessary for production. Mink lashes vendors produce the same quantity of lashes with the same number of workers, so when you buy more, they are also saving from hiring more workers to do the job.
2. Be strategic with the positioning of your business logos on your packages.
We are not saying you should not plaster your business logo because it’s required to establish your brand well. However, it also doesn’t mean you need to put your business logo on almost every part of your package. You can use the cheapest existing style of “no logo” box and save the hefty costs of custom packages with your business logo on them. If you want to add your logo, you may use the existing lash box to add the logo on since the cost of logo prints is cheaper.
3. Never estimate the little ways that can help you save on shipping costs.
You can order a lash and lash box together to save on the shipping cost. You may also ask for a discount from the mink lash vendor for your next order, which they will most likely grant to a wholesale buyer. Of course, you may also utilise drop shipping services to save on shipping costs and human costs.
What’s Next?
You should keep an eye on sales regardless of what your mink lash vendor tells you. You’ve found the correct mink lash vendor if you can effortlessly impress your customers. With that, you should place a new order right away. Tell your mink lash vendor how many you want and ask them to give you a reasonable wholesale price if you wish to place a more significant purchase.
Always remember that different lashes appeal to other people. Your sales are also an indicator of how well these mink lashes are performing in terms of quality. If your sales are declining, it’s a sign that your lashes are outdated or of bad quality. Maybe the lashes style is not suitable for your current customers. It’s high time for you to assess your present mink lash supplier and determine whether or not to continue doing business with them.
References:
- Business operation (Retrieved from https://blog.thomasnet.com/how-to-identify-a-quality-supplier)
- Price list (Retrieved from https://www.infoentrepreneurs.org/en/guides/price-lists–estimates–quotations-and-tenders/)
- Eyelashes product samples ( Retrieved from https://www.fda.gov/cosmetics/cosmetic-products/eye-cosmetic-safety)
- MOA (Retrieved from https://www.bluecart.com/blog/moq-meaning#:~:text=MOQ%20is%20an%20acronym%20that,in%20either%20units%20or%20dollars.)
- Bulk orders (Retrieved from https://fitzvillafuerte.com/bulk-buying.html)
