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Group buying and Wholesale

Question from one of our subscribers:

Hi guys

Please bare with me, but then my confusing will not be clarified until and unless I ask. So, yeah well, what exactly is the difference between buying wholesale and group buying?

Answer:

Hi!

wholesale = purchase from a wholesaler. The more the amount, the lower the cost, normally.

In the event that you can’t achieve a supplier’s MOQ then possibly a group buy, where various purchasers get together and join their requests to achieve a decent MOQ so all of you profit from lower costs.

 

 
 
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