July 17, 2023Cash Flow
PencilPay Success Story: ALTI LightingWatch this video on YouTube In 2000, Todd Miller established Alti Lighting, a renowned lighting consultant, importer, and retailer catering to a diverse customer base, including consumers, electricians, architects, and builders. However, the fragmented nature of payments posed a significant challenge for Todd, prompting him to seek an innovative solution. In …
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Cloud Cuckoo Success StoryWatch this video on YouTube After completing a two-year apprenticeship at Bellarine Brewing Company, Max Dent made the bold decision to establish Cloud Cuckoo Island—a company specialising in pre-batched cocktail kegs, cans, and bottles. Max had a clear vision of selling directly to various sectors, including hospitality, retail bottle shops, pubs, clubs, …
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June 14, 2023Inventory
In today’s rapidly evolving wholesale industry, staying ahead of industry trends and adapting to changing market demands is crucial for sustained success. Wholesale businesses that are proactive in monitoring trends and agile in responding to market shifts are better positioned to meet customer needs, outpace competitors, and drive growth. In this article, we will explore …
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May 24, 2023Cash Flow
One of the most critical factors in the success of any wholesale business is having a solid pricing strategy. The right pricing strategy can help you attract and retain customers, maximize your profits, and gain a competitive edge in your industry. Here are some best practices for optimizing your wholesale pricing strategy to increase profitability: …
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May 17, 2023Late Payments
As a wholesaler, you know that getting paid is crucial for your business. To stay ahead of the competition and keep your customers happy, you need to offer flexible payment options that meet the needs of your wholesale customers. In this article, we’ll explore why offering flexible payment options is essential for your wholesale business. …
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May 10, 2023Cash Flow
Cash flow is critical for the success of any business, especially for wholesalers. Managing cash flow effectively can help you avoid financial problems and ensure that your business continues to grow. In this article, we’ll discuss some strategies for managing cash flow in a wholesale business. Forecast Your Cash Flow: The first step in managing …
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