Do you have a product that is perfect for Dollar Stores?
Have you ever wondered what it would take to become one of their suppliers? If so, you will love this short training segment on How to Become One of the Dollar Store Suppliers!
(For those of you who prefer to read this content, transcripts are included below!)
In this training, I will discuss some of the things to think about when approaching a retailer such as Dollar Stores. Hope it helps! 🙂
To Your Success,
P.S. If you’d like to learn the exact steps on how to sell a product to retailers such as Dollar Stores, then you will love my Retail MBA Program! This is the most comprehensive course available today on the subject of selling to stores.
P.S. I would love your feedback and/or comments below. Thanks! 🙂
Podcast: Download (2:37)
Transcript of This Training…
Dollar Store Suppliers – How to Become One of the Dollar Store Suppliers!
Today I want to talk about getting your products sold at dollar general.
The reason I decided to create this particular segment is because I teach thousands of product companies across the country on the subject of selling to retailers. One question comes up is “Karen, How do I sell to like one of those dollar stores? Is that possible? What are they looking for? How does that sort of work?” I want to take a minute to really support you in giving you some things to think about in regards to selling to Dollar General.
Dollar General basically has products that are a dollar, and they also have other kind of things. Typically their products are a dollar and for you that means you have to have a very cheap product in order to be able to make the money that you need to make in order to be able to sell to these guys. People with closed out products, people with excess inventory or super cheap products are actually great products for Dollar General.
You tend to not make so much money on per product basis because you need to have a product selling like 25 cents to 50 cents or probably more like 25 to 35 cents, or could be more for a Dollar General to be able to sell to the retailer, and from there they need to mark it up, right for the dollar, there is a whole lot of ways that sometimes it’s even less than that. The fact of the matter is that it has to be a super cheap product. You need to have lots of this product that you’re able to sell it in a large scale.
They are constantly looking for new products to put in their stores because it’s a great opportunity for people who may have an excess inventory and are willing to give it up for cheap, who have warehouses full of stuff or just have lots of closed out items, or sometimes have a very cheap product and it could work for that store. The benefit of working with the Dollar General is that it’s massive. They can buy so many things, ten thousand, hundred thousand, millions of uses to these products for this Dollar General stores. It’s tremendous. There is a huge buying power there and that’s the reason why a lot of people sell to these Dollar General stores.
Anyways, I hope that provided value for you; if you’d like to learn more about on how to get your products into retailer such as Dollar General, please take a look at into my Retail MBA program the link for that is listed below. Also if you like the training video, please be on the lookout for other training videos on how to get your products in the store. I’m constantly adding to this.