oboloo Glossary

Wholesale Business

oboloo Glossary

Wholesale Business

Wholesale business is the buying and selling of goods in large quantities for resale, usually to retailers. It’s a type of trade that operates on a different scale than retail businesses, which typically buy and sell in smaller quantities. As a wholesale business, you purchase products directly from manufacturers or distributors in bulk so you can offer them at lower prices to retailers or other businesses. By doing so, you become an essential link in the supply chain, connecting buyers with sellers. If run correctly, a wholesale business can be a lucrative and sustainable way to generate revenue.