How to source products for your popup shop
by Startacus Admin
If you are a regular visitor to Startacus, you will know that over recent weeks we have been outlining the specifics of setting up a popup shop with a renewed spirit and vigour.
So far in the series we have brought you ‘How to set up a popup shop’, ‘How to select and secure a location for your popup shop’ and ‘The legalities of setting up a popup shop’. Now we continue with this natural progression to give you some advice on how to source products for your popup shop, enjoy!
What type of popup shop?
It might seem an obvious statement to make but the products you stock in your popup shop will be highly dependent on what type of popup shop you have and crucially what your reason for having one is. As we see it there are 4 main types of popup shop:
-
A popup shop which is intended to test the market for a potential permanent store - In which case you will want to sell products which give a realistic cross section of the products your permanent store will house
-
A seasonal popup shop - These are established in order to make the most of seasonal changes in consumer buying habits for example around Halloween and Christmas
-
A plain old popup shop - One which is intended as a temporary venture to either make some money or simply give the operator the opportunity to gain some extra experience of the retail market in a relative low risk way
-
A popup shop which stocks the products of an existing store/stores to either clear merchandise or assess the possibility for a more permanent store
To avoid confusion (or at least try to) we will assume that you have a fair idea of the products which you want to have in your popup shop and focus giving you some advice on how to get them.
Wholesalers
A wholesaler is an establishment which purchases large quantities of goods with the intention of selling these products as merchandise for retailers rather than to the public.
Wholesalers can be a great place to find products for your popup shops as they allow you to have a high margin on the goods that you sell but also they have a very large range of stock meaning that you have plenty of choice. They are also a quick and convenient way of purchasing stock particularly at short notice.
Many people make the mistake of assuming that their business is too small to utilize the services of a wholesaler. In truth however wholesalers will be happy to sell to any trader, big or small, assuming of course that they intend to sell on the goods within a retail environment. Your business does not need to be a Ltd company either, sole traders are perfectly welcome and this makes them a great place to find products to stock in your popup shop.
-
Some wholesalers (although very few) prefer to ensure bulk buying by implementing a high minimum spending limit, however in most cases the minimum spending limit will be low and well within the reach of someone
setting up a popup shop. It may transpire that a wholesaler will require proof that you intend to use the goods purchased as merchandise for a commercial business, in which case the statement of your business bank account, a business card, or any other official documentation connected to the business should be sufficient.
-
You will probably be aware that many wholesalers now offer trade cards as a way of verifying your intentions and encouraging customer loyalty. The good news is that these cards are usually free and can be issued in minutes by simply filling out a form and providing appropriate documentation of your businesses such as those mentioned above. Thereafter your card will make the process of visiting and buying from a wholesaler as quick and smooth as possible. Furthermore some wholesalers will accept the card of a different wholesaler as proof of your trader status and therefore this actually makes it a bit easier to shop around and try a number of different establishments in your area.
Continued on page 2... At one-day event Ideation NI Thon, students will get the chance to solve global and local sustainability, environmental, city and health problems. The lowdown on how an Australian startup generated global sales for their innovative product, "weighted blankets"... At 82% the UK takes 4th place in the list of countries being most ready for automation and robotics, whilst 30% of UK population’s jobs are at risk of automation. Recent research by Starling bank shows that in 2019, women earned up to £12,319 less per year than their male colleagues of the same age and within the same industry Brandtech group, You & Mr Jones, has invested in ethical video startup Good-Loop who have closed a US $1.6m seed funding round. 2019 saw celebrities contribute to start-up investments in record numbers, surpassing a previous spike in 2015. If you’re feeling under pressure from creditors, here is a brief breakdown of what, in the UK, is considered aggression and harassment from creditors. The Digital DNA Awards, held in partnership with MCS Group, celebrate the best tech talent, from companies of all sizes, excelling in the world of Digital and Tech and not just in NI... According to analysis by the Centre for Entrepreneurs, business formations reached new record in 2019 with more than five new tech startups launching every hour... InsurTech businesses take note! Lloyd’s Lab is back and they are seeking solutions that have the potential to create real commercial value for the Lloyd’s market.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Ideation NI Thon at NI Science Festival sets out to solve global issues 17th Jan 2020 At one-day event Ideation NI Thon, students will get the chance to solve global and local sustainability, environmental, city and health problems.
- 2019 stats show that the gender pay gap continues 14th Jan 2020 Recent research by Starling bank shows that in 2019, women earned up to £12,319 less per year than their male colleagues of the same age and within the same industry
- Digital DNA Awards 2020 nominations now open 13th Jan 2020 The Digital DNA Awards, held in partnership with MCS Group, celebrate the best tech talent, from companies of all sizes, excelling in the world of Digital and Tech and not just in NI...
- Five new tech startups launched every hour in 2019 13th Jan 2020 According to analysis by the Centre for Entrepreneurs, business formations reached new record in 2019 with more than five new tech startups launching every hour...
