Business

A collection of 61 posts

Wholesale Featured

Transitioning Your Customers to Orderspace

Most people do not enjoy change. Especially when they have become used to working in a certain way, and have incorporated it into their daily habits and routines. Even changes that are 100% positive are sometimes met with resistance. This can make life very difficult for businesses looking to modernise

Efficiency

Simplifying The Wholesale Order Process

At the core of our focus here at Orderspace is simplicity. You will find this in everything we do, from our marketing site and our pricing plans, all the way through to the user experience. If our users found Orderspace more complicated/time-consuming than using email, or Excel forms, we

Inventory

Inventory Basics - How to Set Up SKU's

SKU's, or stock keeping units, are codes appointed to single items of stock. If you are buying in products from a manufacturer, they may have already assigned SKU’s and it is your decision to work with those or assign your own. There are two main options to

Efficiency

8 Ways to Prepare Your Business For The Holiday Season

However far along (or behind) you feel you are in making preparations for the holiday season, here are some ideas to help you get ready for the holiday season: 1. Stock-Up It can be a tricky business working out just how much stock you need, especially if this is your

Business

How to Approach New Stockists

If you are a small business in your early phase, chances are you will have to approach new stockists actively. If you have the budget to exhibit at trade shows, this is obviously a good way to meet with many potential B2B customers. Remember, though; tradeshows aren't the

Wholesale

Wholesale 101 - How To Calculate Cost Price

I first wrote this piece in 2016; since then, it has been updated several times and remains our most popular blog post to date! So read on for some helpful advice on setting your cost prices and pricing your products for wholesale and B2B customers. At its most basic, your

Wholesale

4 Ways To Get Bigger Orders From Your Wholesale Customers

In my previous post Getting The Best From Your Wholesale Customers, I touched upon the problem of receiving too many small orders. Today I wanted to explore this issue more thoroughly, and discuss possible solutions. 1. Minimum Spend Rules The first, and most obvious, remedy is to impose minimum spend

Wholesale

The Pros and Cons of Sale or Return

Sale or return, also known as 'in consignment', is basically a loan of stock to a wholesale customer. No money changes hands at the time of handing over the stock, but usually, a formal agreement is signed at this point. The retailer offers the stock for sale and

Wholesale

9 Signs You've Outgrown Your Current Order Processing System

When small businesses start wholesaling, they often use a combination of spreadsheets, paper order forms, email and telephone conversations to look after their wholesale orders. This can work sufficiently well for a while, but inevitably more sophisticated features are required to run the business efficiently. Whatever system you currently use,

Orderspace

What Being A 'People First Business' Means To Us

We are a People First business. We are led by the principle that businesses exist to serve humans. We value our team, our customers, and their customers. In all that we do, we give the best of ourselves and we work "independently-together" to bring out the best in

SupportInsights

Support Insights - Taking Deposits and Part Payments

In today's support insight, we look at how Orderspace handles deposits and part payments. In Orderspace, payments are made through invoices emailed to customers after orders have been placed. We integrate with Stripe for card payments and Paypal so customers can pay directly from the invoice. We support

Trade Show Tips

You Don't Have To Go To Trade Shows!

Trade shows are an established and accepted means of getting your business 'out there' in front of buyers. There's a show for every niche, in every major city around the world. They are a great way to network and immerse yourself in your market. However, they

Trade Show Tips

How To Exhibit at a Trade Show on a Tight Budget

For many small businesses, exhibiting at a tradeshow is a major investment. Here are some quick tips to help you cut costs: 1. See if you qualify for any grants For example, in the UK, UKTI's Tradeshow Access Program (TAP) provides funding in the form of grants for

Business

How B2B Companies Can Take on Sustainability

Today we have a guest post from Lisa Mansager, about sustainability in business: Everyone in society has a role to play in preserving the environment. Businesses, however, carry a larger responsibility because of the size and weight of their activities and the lasting impact they can cause. With the right

SupportInsights

Support Insights - Addressing Bounce Rate on Sign-Up Forms

In today's support insight, we look at the bounce rate of a sign-up form. A client felt that too many potential customers were dropping off the sign-up form and was looking to make changes to mitigate this. There are several things to look at here: 1. Is it

B2B ECommerce

Five Things Orderspace Will (And Won't) Do For Your Business

Automating your wholesale ordering process will, if you choose the correct provider, revolutionize your business. Here are just a few ideas about changes you should expect to see if you take your B2B online with Orderspace. 1. Very quickly you will notice the amount of time previously lost to admin

Wholesale

Getting The Best From Your Wholesale Customers

In my previous role as a fashion buyer, I watched as several small independent brands closed their doors to wholesale customers. They found wholesaling frustrating and were drawn into the bright lights of direct retail, with its higher margins and immediate payments. So what was so bad about wholesale? And

Business

Support Insights - Ordering on Behalf of a Customer

Like all SAAS businesses, we receive support emails of all kinds. I realised it might be interesting and useful to share some of these conversations. Sometimes the issues are particular to Orderspace, but often they will apply more generally. Today's issue is specific to Orderspace and is about

Orderspace

No News Is Good News... What's Happening at Orderspace?

I thought it was about time for an update since it has been far too long. We have been very busy here, as usual, working hard through our to-do lists and providing support to awesome businesses throughout what has been a challenging time globally. I'm happy to report

Wholesale

Five B2C Principles You Need To Apply To Your B2B Strategy

Back in 2013, Forrester Research reported that 46% of B2B e-commerce executives expected more than half of their customers to be buying online within the next three years. With average order values and conversion rates increasing alongside this. B2B e-commerce is an exciting place to be right now, that’s

Orderspace

Covid-19 Makes B2B E-Commerce More Important Than Ever

We are living and working in a very different world to the one we enjoyed before Covid-19, and it is pushing us even faster to rely on technology more for our businesses to survive and succeed. Now more than ever, Orderspace can help you: 1. Service your customers from all

Business

Preparing For A No Deal Brexit

With no agreement currently on the table, in the event of a no deal Brexit, we are offering some basic guidance to our UK customers to keep business running as smoothly as possible when importing or exporting goods. We understand this is a worrying time for businesses but, despite all

Efficiency

How to Manage Backorders Efficiently

Backorders are orders for goods or services that you can't fulfil at the time of order due to insufficient availability. Depending on your business model, you may routinely take many backorders, or they may be a rarity. Either way, backorders are an essential factor in inventory management analysis.

Trade Show Tips

How to Create a Realistic Trade Show Budget

According to the Trade Show Institute, the average trade show exhibitor spends 47% of their budget on the exhibit alone. This includes the design cost (11%) and renting exhibit space (36%). So it is a good idea to allocate around 50% of your total budget to your trade show exhibit

Wholesale

How You Can Help Your Stockists Deal With Returns - And Why You Should Want To

With e-commerce growing exponentially, the number of items being returned to retailers is also on the rise. Not only in number, but also in proportion as more businesses offer free return schemes. It is estimated that returns from online purchases cost UK retailers £20bn a year, with this figure rising