Graduation Party Supplies Wholesale for a Memorable Celebration
Find the best graduation party supplies at wholesale prices you can’t beat. We’ve put together the ideal listing of what you need.
As people nationwide seek ways to design the most photo-worthy celebrations, the party supplies sourcing online market size is projected to grow from $13.32 billion in 2022 to $27.76 billion by 2031. That’s a staggering rate. If you want to take advantage of this growth and open a party store or add party decorations to an existing business, you’ll need to find reliable wholesale party supplies online.
Due to the staggering growth in the industry, you have many options for where to shop wholesale party supplies, but that doesn’t mean they are all quality and reliable.
Find reliable vendors you can trust and learn top considerations when shopping wholesale.
As you prepare for selling party supplies or look for ways to adjust your existing strategy and products you offer, evaluate these leading suppliers.
If you hadn’t heard about SoNice Party before finding this article, here’s a look at some reasons the company is an ideal wholesale provider.
Before you add party supplies to your store’s offerings, take some time to evaluate wholesale options and considerations.
Photos online can be deceiving. What might look like a great product, might arrive and feel cheaply made. The best way to know whether a wholesaler offers quality products or not is to purchase a few test products. In general, it’s a good practice to order small quantities of anything new to start. Even quality wholesalers might have some questionable products from time to time.
Test out the products and see how easy they are to work with. For example, open a package of the balloons and inflate them. Look for how thick and vibrant they are once inflated and whether they are truly the color advertised.
While you can always add a percentage to whatever you paid for wholesale party supplies, that doesn’t necessarily mean that the market supports that price.
Evaluate prices in your area for similar products. If you’ll be charging a premium, be sure that the product is premium in comparison or that you have a strong convenience factor. For example, many grocery stores charge a premium for party supplies because they offer customers incredible convenience to get the product while shopping for their weekly needs.
You might feel tempted to stock products for specific holidays or gatherings. But you run the risk of having additional products after the holiday passes that you either need to sell at a discount or store until the following year.
A wiser move is to try to stock materials people would need at any time of year. These staples will be easier to move, and you won’t have to worry about closeouts.
If you do choose to stock seasonal materials, be sure to order a conservative volume to reduce the likelihood of having to clear them out.
Because party supplies are small items with small costs, you’ll need to sell large volumes to see large profits. That’s why having a store that offers more than just party supplies is wise.
Another way to ensure larger sales and therefore greater profits is to create bundles. Bundling items together can help reduce the work the customer has to do to assemble the perfect party while also ensuring larger sales.
The growth in the party industry is no secret, which means you will likely not be the only one in your area stocking these items.
As such, you’ll need to carve out a part of the market that you want to target. Bundling can help you stand out from your competitors by creating a sort of party in a box. And as noted, it helps ensure larger purchases. Some examples of possible occasions you might want to support include:
From there, you can decide what materials you want to stock. For example, you can choose some or all of the following party materials.
Aside from the expanding marketplace for party supplies, there are some major reasons to sell party supplies in your store or as part of an online store.
Have questions about wholesale orders from SoNice Party? Reach out to the team and we’ll answer your questions and help you get started. Or if you’re ready to start checking prices and placing orders, you can sign up for a wholesale account today.
Further reading:
Find the best graduation party supplies at wholesale prices you can’t beat. We’ve put together the ideal listing of what you need.
Learn about the event planning with these party planning tips. Find wholesale party supplies and decorations at industry-leading prices.
Wondering what you need for a back-to-school party? Find a complete list from SoNice Party and start planning your celebration today.