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Posts Tagged ‘Sales’

courtesy of thegovmonitor.com

The increase was largely attributed to higher sales in industrial & construction machinery, general wholesale trade and chemicals & chemical products sectors, but petroleum & petroleum products registered lower sales.

Excluding petroleum, overall domestic sales grew by 9.7%.

Compared to the same period a year ago, domestic wholesale trade in 1Q2010 grew by 37.1%, with higher sales reported by all wholesale sectors. Excluding petroleum, domestic wholesale trade increased by 26.9%.

After removing price effect, domestic wholesale trade volume showed a relatively smaller year-on-year increase of 9.4%. Excluding petroleum, domestic wholesale trade volume rose by 17.9%.

Foreign Wholesale Trade

* Compared to 4Q2009, foreign wholesale trade (seasonally adjusted) increased by 9.8% in 1Q2010, with most of the wholesale sectors registering increased sales. Excluding petroleum, foreign wholesale trade grew by 7.4% over the previous quarter.

* On a year-on-year basis, foreign wholesale trade rose by 37.8%, with strong growths in most wholesale sectors. Excluding petroleum, foreign wholesale trade grew by 23.0%.

* After adjusting for price changes, foreign wholesale trade volume increased by 9.8% from a year ago. Excluding petroleum, foreign wholesale trade volume increased by 17.4%.

Quarter-on-Quarter Change (Seasonally Adjusted)

All wholesale sectors, except petroleum & petroleum products and timber, paints & construction materials, registered positive growths in domestic wholesale trade in 1Q2010 compared to 4Q2009 (after seasonal adjustment). Sectors that registered double-digit quarter-on-quarter growths included industrial & construction machinery (25.7%), general wholesale trade (24.5%) and chemicals & chemical products (16.7%).

Other sectors such as telecommunications & computers, electronic components, ship chandlers & bunkering, food, beverages & tobacco as well as household equipment & furniture experienced increases of between 1.0% and 5.7%. Petroleum & petroleum products and timber, paints & construction materials sectors reported declines of 3.0% and 1.6% respectively in domestic wholesale trade over the previous quarter.

Year-on-Year Change

All wholesale sectors reported year-on-year growths in domestic wholesale trade in 1Q2010. Domestic sales of general wholesale trade, chemicals & chemical products as well as petroleum & petroleum products sectors increased by between 54.6% and 96.5% over the same period a year ago. After removing price effect, the sales volume of general wholesale trade and chemicals & chemical products rose by 75.7% and 25.2% respectively while that of petroleum & petroleum products fell by 1.1%.

Other sectors that experienced double-digit year-on-year growths in domestic wholesale trade included electronic components (33.1%), telecommunications & computers (26.4%), transport equipment (19.6%), household equipment & furniture (17.3%), industrial & construction machinery (16.0%), ship chandlers & bunkering (15.6%) and timber, paints & construction materials (11.2%).

Quarter-on-Quarter Change (Seasonally Adjusted)

After seasonal adjustment, all wholesale sectors reported positive quarter-on-quarter growths in foreign wholesale trade in 1Q2010, except timber, paints & construction materials, food, beverages & tobacco and telecommunications & computers.

General wholesale trade and industrial & construction machinery sectors recorded double-digit increases of 15.5% and 11.9% respectively in foreign wholesale trade. Ship chandlers & bunkering, household equipment & furniture, petroleum & petroleum products, chemicals & chemical products and electronic components sectors also grew between 1.5% and 5.4%. Foreign sales of timber, paints & construction materials and food, beverages & tobacco declined by 7.6% and 4.8% respectively in 1Q2010.

Year-on-Year Change

Other than the food, beverages & tobacco sector which registered a marginal drop of 1.5%, all wholesale sectors experienced double-digit year-on-year growths in foreign wholesale trade. Petroleum & petroleum products, ship chandlers & bunkering as well as chemicals & chemical products sectors reported higher foreign sales of between 30.0% and 60.6%. After adjusting for price changes, foreign wholesale trade volume of petroleum & petroleum products and chemicals & chemical products increased by a smaller 1.8% and 3.6% respectively while that of ship chandlers & bunkering fell by 0.1%.

Other sectors that reported strong year-on-year growths in foreign sales included household equipment & furniture (48.4%), general wholesale trade (41.6%), transport equipment (37.5%) and timber, paints & construction materials (36.4%).

The Wholesale Trade Index (WTI) measures the performance of wholesale trade activities. Two series of the WTI are compiled – the Domestic WTI and Foreign WTI. The Domestic WTI records wholesale sales in Singapore. The Foreign WTI pertains to wholesale sales outside Singapore, which comprises domestic exports, re-exports, transhipment cargo and offshore merchandise. The WTI indices are presented at both current prices and constant prices. The indices at current prices measure the changes of sales value which can result from changes in both price and quantity. By removing the price effect, the indices at constant prices measure the changes in the sales volume.

To reflect the changes in the structure of the wholesale trade sector over the years, the weighting patterns of the index series are revised regularly. The WTI series have been re-based from base year 2000 to 2007, the second re-basing exercise since the index was first introduced in 1995. The new WTI series (2007 =100) have been released with effect from 1Q2008 report.

Data Collection

Data for the compilation of the WTI are obtained from the results of the quarterly survey of over 1,000 wholesale establishments. Wholesalers supply the merchandise to manufacturers, commercial and institutional clients for use in production, or to other wholesalers and retailers for resale. Wholesalers may also perform related functions such as sorting, breaking bulk, packing and logistics services. Data are collected from a sample of the wholesale establishments for quarterly domestic wholesale sales and foreign wholesale sales.

Index Compilation

To derive the Domestic / Foreign WTI index at detailed industry level, the quarterly domestic / foreign wholesale sales for that industry is divided by the average quarterly domestic / foreign sales for the same industry in the base year. The overall WTI index is then computed by combining the sales indices of the detailed industries, using the weights to measure each industry’s relative importance in the overall wholesale trade sector.

To derive the constant prices indices, the sales indices at current prices at the detailed industry level are first deflated by appropriate price indices. These component indices at constant prices are then weighted and aggregated to derive the overall indices at constant prices.

Seasonal Adjustment

Seasonal effects are observed in some of the Domestic WTI and Foreign WTI series, due to intrayear periodic variations that repeat in the same quarter every year. Seasonal adjustment is the process of estimating and removing the seasonal effects from a time series to show more clearly its underlying trend and short-term movements.

courtesy of techtipstoday.com

At the time you begin on your eBay company venture you might probably be overwhelmed by the variety of opportunities that are on the market. You are likely to possibly desire to supply a lot more merchandise, as the extra wholesale merchandise for you to sell, the extra revenue you will make!

Some retailers will automatically click for the ‘wholesale’ listings on eBay to determine what they’re able to buy to resell to their customers, but you certainly ought to exercise caution just before executing this, as usually these are pieces that are artificially increased in price, and your buyers are going to be readily able to buy from identical person you happen to be.

Really, the wholesale category in eBay is typically just a way for merchants to eliminate old investment that no one wants, and so it can just be wasting your revenue to generate these purchases.

Actual eBay wholesale sources really don’t truly sell their items on eBay. Which is considering it isn’t their business to perform so; they’re just concerned with retailing bulk merchandise to retailers, not individual goods to singular clients. If you may have utilized any eBay sourcing, seller issues are the one difficulty that sources run into. You can find many dodgy sellers in existence who are wanting to scam the innocent by fooling them into believing they’re getting an excellent sale.

EBay wholesale products are what you need to succeed; these are the variety a component which could make your corporation good results. You will need to use eBay wholesale to grow your online business, as with out it your activities will become stagnant, as will your income.

As your business develops, you need to find a steady source of eBay wholesale general merchandise and solutions so that you can supply to the shopper. So how specifically do you locate a consistent eBay business source? One can locate some effortless points you’ll be able to do that’ll assist you in your quest.

Declare what you would desire to market. This makes it less difficult to obtain the right eBay wholesale distributor, rather than constantly searching for elements which you imagine may possibly do better than others. If you could pick a merchandise range and try sticking to that category, you’ll make even more profits from repeat commercial enterprise.

Select regardless of whether you’re going to sell at higher total price, or substantial volume. Either of these methods can work, excessive volume indicates reduced fees but a lot more gross sales, or with substantial price you will make a smaller amount income but way more profits. Which would work best for you?

Checkout the competition, know what they are retailing and what their selling method is. This makes it less tough when you are on your eBay sourcing distributor search.

Search for any very fine eBay merchandise store. I basically cannot emphasize how crucial it is. Your eBay wholesale seller is paramount to your corporation good results.

Get promoting! Your business is very little free of profits, so expend your time endorsing your eBay wholesale merchandise and solutions to possible shoppers, look at several strategies and see what operates most effective. Knowledge would be the most beneficial facet you’ll be able to have in an eBay business – so get likely and have fun doing all those item sales!

courtesy of site-press.com

Wholesale construction equipment is a great way to save money for anyone who is planning to run a successful construction work. Basically, this computer is cheaper than that available in the local retail market, because wholesalers sell their shares at a price below the market price marking. The packaging and transportation are very profitable wholesale when making purchases. Heavy and light construction equipment can be purchased at wholesale.

Equipment includes construction cranes, bulldozers, drilling machines, cable plows, generator, Wheel loader, tractor, earth-moving equipment, scrapers, draglines, rollers, and towers of light. Wholesale construction equipment is the resale of goods to retailers, business professionals, and other related services. Wholesalers buy goods directly from manufacturers. Depending on the type of merchandise they buy materials in bulk and sell to retailers or other clients.

Wholesale construction equipment is in great demand throughout the world. It is sold in a manner that supports effective competition in the retail trade and can provide much more in profits. When the purchase of construction equipment wholesale customers the benefits of purchasing new merchandise with full manufacturer’s warranty. For retailers, which reduces the cost of product introductions and promotions. They also get big discounts on bulk purchases.

Wholesalers of construction equipment to collect, classify, and the degree of goods in big batches, Reconnect and then redistributed in smaller lots. To provide detailed information on products including price, model and quality. In addition to the sale of goods, providing marketing and support services such as packaging and labeling, inventory management, and shipping. They also participate in the promotion of sales, equipment training, and management of warranty claims.

Wholesale construction equipment is distributed to many local and regional retailers in added value and is a reliable asset for owners of shops selling retail. To make construction equipment an attractive business issue, you need a higher quality supplier. The Internet is a sure way to find consistent wholesale suppliers of construction equipment by http://www.pro-bargainhunter.com.

courtesy of MARTIN CRUTSINGER

WASHINGTON — Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.

The Commerce Department said Wednesday that inventories at the wholesale level were reduced 0.2 percent in January following a 1 percent drop in December. Sales were up a solid 1.3 percent, the best showing since a 3.6 percent rise in November.

Economists are hoping that the steady gains in sales will soon prompt a sustained rebound in inventory restocking. That would trigger increased factory production and provide support for the fledgling recovery.

Analysts believe the stage has been set for such a rebound given how lean inventories are at present following a massive inventory liquidation that occurred during the recession. Inventories at the wholesale level had fallen for 13 straight months and have been down 15 of the past 17 months. The only gains in wholesale inventories occurred in October and November.

With the January drop in inventories, the ratio of inventories to sales dipped to a record low of 1.10, meaning it would take 1.10 months to deplete inventories at the wholesale level given the January sales pace. That was the lowest point since the data series began in 1992.

The January drop in inventories was a disappointment. Economists had expected inventories would post a small increase of 0.2 percent. The government also revised the December report to show a bigger inventory drop of 1 percent rather than the 0.8 percent fall that was originally reported.

Mike England, an economist at Action Economics, said that he looked for the bigger drop in inventories in December to contribute to a downward revision in the gross domestic product for the fourth quarter. He predicted GDP would be trimmed from a 5.9 percent growth rate to 5.5 percent. He said he expected the GDP to grow at a 2.3 percent rate in the current January-March quarter.

Robert Brusca of FAO Economics said he believed part of the decline in inventories in December and January reflected a bigger-than-expected sales gain which prompted businesses to draw down their stockpiles more than they planned.

“The acceleration to a strong growth rate for sales is clear evidence that the drop in inventories probably was not intended,” Brusca said in a research note. “All this suggests that inventory building should resume and do so with considerable gusto.”

Economists believe that the current recovery can’t be sustained until businesses begin consistently restocking their depleted shelves. That restocking would mean higher orders to factories and growing demand for manufacturing workers.

Wholesalers hold 25 percent of all inventories with factories holding about one-third and retailers holdings the rest.

Businesses slashed inventories by massive amounts during the recession as they struggled to control costs in the face of a deep recession and falling demand for their products.

But the economy got a boost in the final three months of last year from a slowdown in the inventory liquidation process.

The swing from massive inventory reductions contributed two-thirds of the economy’s overall growth of 5.9 percent in the October-December period. Economists are now hoping to see the beginning of sustained inventory rebuilding.

courtesy of neworleanscitybusiness.com

WASHINGTON — Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.

The Commerce Department said today that inventories at the wholesale level were reduced 0.2 percent in January following a 1 percent drop in December. Sales were up a solid 1.3 percent, the best showing since a 3.6 percent rise in November.

Economists are hoping that the steady gains in sales will soon prompt a sustained rebound in inventory restocking. That would trigger increased factory production and provide support for the fledgling recovery.

Analysts believe the stage has been set for such a rebound given how lean inventories are at present following a massive inventory liquidation that occurred during the recession. Inventories at the wholesale level for 13 straight months and have been down 15 of the past 17 months. The only gains in wholesale inventories occurred in October and November.

With the January drop in inventories, the ratio of inventories to sales dipped to a record low of 1.10, meaning it would take 1.10 months to deplete inventories at the wholesale level given the January sales pace. That was the lowest point since the data series began in 1992.

The January drop in inventories was a disappointment. Economists had expected inventories would post a small increase of 0.2 percent. The government also revised the December report to show a bigger inventory drop of 1 percent rather than the 0.8 percent fall that was originally reported.

Economists believe that the current recovery can’t be sustained until businesses begin consistently restocking their depleted shelves. That restocking would mean higher orders to factories and growing demand for manufacturing workers.

Wholesalers hold 25 percent of all inventories with factories holding about one-third and retailers holdings the rest.

Businesses slashed inventories by massive amounts during the recession as they struggled to control costs in the face of a deep recession and falling demand for their products.

But the economy got a boost in the final three months of last year from a slowdown in the inventory liquidation process.

courtesy of ugandacartrade.com

Yamaha Motor Co., Ltd. (the “Company”) established a new motorcycle sales company in Istanbul, Turkey through two of its existing overseas subsidiaries, seeking to build a stronger foundation for the motorcycle business in Turkey. The new company began wholesale operations on February 25.

Named Yamaha Motor Sanayi ve Ticaret Limited Sirketi (YMTR), the new company starts with capital of 5,500,000 Turkish Lira (approx. 330 million yen), 99.999% of which was invested by Yamaha Motor Europe N.V. (YMENV) and the remaining 0.001% by Yamaha Motor Netherland B.V. (YMNL). On October 12, 2009, YMENV completed its registration and began preparing for wholesale operations.

In Turkey, the Company had been marketing motorcycles through a distributor, but decided to establish a new sales company in light of the Turkish motorcycle market’s potential for future growth.

The population of Turkey is approximately 73 million, with a median age of 28. Younger riders in the Mediterranean coastal region, among other areas, are the primary customer base. They use their motorcycles for transportation, or, in urban environments, to deliver goods. Motorcycle demand in Turkey is expected to grow in the future, from only about 140,000 units in 2009 to more than 300,000 in 2015. The projected expansion in total demand is due in part to economic growth, spurred by Turkey’s efforts to stabilize its political and economic situation ahead of its acceptance into the European Union, and partially due to rising consumer awareness of the fun, convenience, and economy that motorcycles offer.

YMTR plans to sell approximately 6,000 motorcycles, for sales of 150 million yen in its first year, 2010. Its marketing strategy includes introducing value-added models to Turkey, improving the sales network, increasing Yamaha brand recognition, and providing outstanding Yamaha after-sales services.

courtesy of Byibo

Wholesale distribution companies have proliferated over the last few years. The main reason attributable is the expansion of the online marketing and internet. The internet opened up new opportunities for large scale marketing of a variety of consumer and other products without any worries of owning and maintaining a physical store or sales force.

The demand for the various fast moving products from a cross section of internet marketing community has triggered the birth of many whole sale distribution companies offering products at varying and competitive discounts to be resold to the online consumers.
Whole sale distribution companies though have mushroomed in the recent past the fact remains that few of them are genuine whole sale companies and the rest being simple middlemen. The chain of such companies operating today are benefited of varying discounts, and the ultimate internet entrepreneur is devoid of the product for the genuine whole sale price.

Whole sale companies that are genuine and established exhibits reservations for supplying to small volume internet operators that leads to the above mentioned situation. Further the inability of the back end supplier somewhere in chain to supply the article leaves you in the lurch with the only gain of a bunch of unsatisfied and angry customers.

The unhealthy middlemen chaining ultimately leaves very less margin for the tail ender. One should not be lured by the catchy advertisements one sees on the whole sale distribution and its merits. You are well advised to have a pragmatic approach and objective assessment in respect of such lucrative offers irrespective of the fact whether you are a prospective internet entrepreneur or a an enthusiastic consumer.

However, there are still a lot of wholesale companies on the internet where you can get great products at a great discount. But as with everyhting these days: you have to be careful and make sure you are not being scammed.

Courtesy of Dora blog.dhgate.com

Having been an online business dealer, you may be considering moving offline and opening a retail store. However, without any retail or one-on-one sales experience you may find it hard to start. Here we would like to share some retailers’ experience.

1). Do retail shops have to purchase all their inventory ahead of time or are there any situations where the stores can stock inventory and pay later down the road? Such as once it’s been sold?

It all depends on the norms for the particular industry. The most general case is that retailers pay for their goods on 15 or 30 day terms. New retailers may find it difficult to get lines of credit from some vendors, and may be stuck paying by credit card or COD (cash on delivery).

In some industries, allowing unsold inventory to be returned is the norm, in others it never happens.

At the beginning, you should try some samples to see whether your supplier is reliable and the whole buy-and-sell flow flexible. As your business grows, try more samples and increase inventory to diversify your product lines.

Keeping a balance between your products in stock and the speed of capital flows will lower your business risk.

2). Where do most everyday local retail shops get their products? From wholesale distributors or manufacturers?

It depends on what industry you are in. In some industries, goods are received directly from the manufacturer and in others, the manufacturer prefers to deal with distributors.

You’d best call some manufacturer and ask to speak to their representativein your city/state. Tell them what you are looking to do. And they will tell you whether you need to talk to them or to a distributor.

3). Are entertainment electronics sales common for receiving inventory on loan from the manufacturer or distributor? Also what is the typical markup for medium to high dollar electronics?

It’s very rare, especially with the major manufacturers.

Occasionally with new technology, which manufacturers need to promote in high street, you might get one demo unit at 30% off the normal trade price.

Typically , the markup for medium to high dollar electronics reaches 20% to 25%. Authorized dealers, dealers who buy direct and not through wholesalers, will get retrospective turnover discounts of 1 to 5%, and support with advertising on a 50/50 basis.

4). As to hiring experienced sales people, is it common to be able to take someone with prior sales experience and train them on your products and make them successful & knowledgeable salesmen? And, they are crucial to success, so maybe their ROI warrants a good wage?

It is not common to be able to take someone off the street and train them to be a talented salesperson. That’s why talented salespeople make so much money – it’s a seemingly simple and straightforward job that is remarkably difficult.

Sales is the lifeblood of any business, and it’s an area where mistakes can sink you quickly.

It’s hard to know what sort of sales people you’ll need and even more difficult to suggest how much to pay them because you will need to look at your companies budget and then decide how many people to employ and what the base salary will be.. Do you expect customers to have already formulated a decision to buy your products when they walk in? If so, then it’s a matter of convincing them to buy from you rather than the guy down the street. If your customers have not already decided to buy, then you’ll have that much more of a difficult job convincing them to part with their money.

Another factor of compensation is how much you expect each sales person to sell per year. If a salesman is expected to sell $100,000/year in merchandise, the pay rate maximum is much lower than someone who is expected to sell $2,000,000/year.