Wholesale Price Lists – And a Better Alternative

What if wholesale price lists could be simpler and more efficient? We’ll explore how a modern solution can transform the way you handle wholesale price lists, making your business operations smoother and more effective.

Wholesale price lists are an essential part of wholesale and B2B sales. They are used by wholesale companies to inform their customers of prices. And they are used by the customers to remember and compare prices when ordering from their suppliers.

Traditionally, creating and managing wholesale price lists has meant dealing with complex Excel sheets or, even worse, relying on pen and paper. Due to the nature of wholesale (variable pricing, product exclusivity, etc.), keeping these price lists updated can be tedious work.

In this blog post, we are going to show you how you can ditch the manual wholesale price lists in favor of a digital solution that is more efficient.

But first, what is a wholesale price list?

What is a Wholesale Price List?

A wholesale price list is a document or system that shows the prices of products sold in bulk to retailers or other businesses. The prices are lower than normal retail prices because usually the products are bought in large quantities or bulk. These wholesale price lists helps businesses know how much they’ll pay when they make large orders.

Along with a wholesale order form, the price list is used by retailers and resellers when ordering from manufacturers, distributors, and wholesale brands.

A price list in addition to the product info (product names, SKUs, prices, etc.), can also contain information such as:

• Special discounts
• Minimum order quantities
• Payment terms
• Product descriptions and images
• Volume pricing tiers
• Shipping terms and costs
• Lead times and delivery schedules
• Return policies and procedures
• Seasonal or promotional pricing

If you are selling in multiple currencies and offer different discount levels, you need to also keep track of a bunch of different wholesale price lists. A time-consuming process that is prone to errors and delays.

Due to this, many companies selling wholesale are choosing to digitize their price lists. More on this later.

How to Create a Wholesale Price List

Other info to add to your wholesale price lists

If you want to create price lists that are a bit more compelling and that adjust to the different customers and market needs, there are many options you can add. Below is a list of information and product details you can add:

Wholesale Price List Components:

Adding one or multiple of these to your wholesale price list will for sure give your customers more information about your products and prices. Making it easier for them to order. The downside, however, is that the more information you add the more complex and prone to errors your document becomes. Plus, keeping your price lists updated continuously becomes very complex and time consuming.

Differentiated prices and product exclusivity

As mentioned earlier, many wholesale companies will sell in multiple currencies, give different discount levels, and offer product exclusivity to certain resellers.

To accommodate all of these options, it is not uncommon for wholesale brands to use somewhere between 5-20 price lists. Surely, even small changes in prices are going to be time-consuming to correct.

Digital Wholesale Price List

To avoid the hassle of manual price lists, many wholesale companies are switching to a digital setup. In most cases, this means creating an online wholesale shop to let your resellers order digitally.

This way you digitize all of your price lists and keep them collected in one place for easy managing.

When you need to update a price on one or more lists, you simply do it directly in your wholesale shop system. In addition to being faster and easier, it also means you won’t have to send the new price list to all your stockists. Instead, the price will automatically be updated next time they log in to your online wholesale shop.

Another benefit of digitizing your price lists is that you reduce the risk of errors. The risk of adding a wrong discount level or sending the wrong price list to the wrong stockist is greatly reduced when using B2B eCommerce software for your wholesale business.

Along with the many other benefits of a digital wholesale setup (increased sale, for example), there is really no reason why you should stick to your old-school wholesale price lists.

Conclusion

Running a wholesale business takes time. You probably know that firsthand. And wouldn’t you much rather spend that time building your brand and designing new products instead of wasting time constantly updating your wholesale price lists?

If you are currently handling your wholesale business using emails, phone calls, and printed price lists, you have a lot to gain from switching to a digital wholesale solution.

Book an online demo to learn whether your business can benefit from digitizing your wholesale processes.

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