
Private Label Party Supplies: How Retailers Can Build Their Own Brand
Discover how private label party supplies can help retailers grow their brand, boost profits, and stand out in a competitive market.
Private label party supplies are products made by another company but branded with your own logo, name, and design to reflect your unique retail identity.
To the consumer, it looks as though you both sell and manufacture the goods. What they see is one brand from when they walk into your store to when they select the products they came for.
Using a private label puts you in control of your brand and offers greater control over the packaging of your product. You can choose whether to display the price on the package or use the store shelves to do that, giving you greater flexibility in your pricing strategy.
The items that you private label can include anything from plates and tableware to party decorations. You can mix both private label products and wholesale party supplies in your store based on the core products you want to highlight or focus on versus those that you need in-store to round out your offering.
The private labeling process is straightforward. Here’s a look at the steps involved.
While the process to private label your party supplies is not complex, it still involves additional work over ordering wholesale party supplies. To justify more work, you need to understand the benefits and why you might consider this business strategy.
Here’s a look at private label benefits for party supply businesses.
You’ll have greater control over the appearance of your goods when you design the labels on your products. Plus, you can choose your logo placement. When a product bears your name, it can build greater trust with your customers. They know what your brand stands for and what it means when they buy a product with that name.
Your product is clearly different from your competitors when it bears your branding. Even if the product is very similar or manufactured at the same plant, now it looks different and speaks to the customer differently than your competitors. This can help you stand out from generic brands and online brands that are likely just drop shipping.
Private labels warrant higher price tags. Consumers might view your products as more luxurious or trustworthy, making them willing to pay more for the products. Plus, you won’t have to pay the markups on other companies’ branded products, which can mean better profit margins despite making it appear as though you are selling branded products.
As you shop wholesale party suppliers, it might feel as though everything is identical even if you shop various wholesalers. But when you work directly with manufacturers you can get access to unique products that your customers won’t find in other stores. This exclusivity could keep your customers coming back.
Now that you’re working with the manufacturer directly, you can have greater control over the products you sell. For example, you can set design standards, make tweaks to the product, and add in finishing touches that will make your product unique. Plus, you’ll have greater control to send the product back to the manufacturer when it doesn’t meet your standards.
When consumers have your products in their homes with your logo, name, and other identifiable marks, they’ll have more opportunities to learn your branding and recognize it in an instant. They’ll associate your store with the products they used at their party. And so will their friends and party guests.
This allows you to build your brand, what it stands for, and keep customers coming back for that quality experience.
While selling at least some private label products in your party supply store can have immense benefits for your business, it also has potential drawbacks. Weigh these with the benefits as you evaluate the best way of stocking your store.
When you work exclusively with one manufacturer and rely on them to keep your store stocked, you risk supply disruptions. That manufacturer going out of business or facing staffing issues could cause some serious disruptions to your business. Consider having backup options, even if that means bringing in generic items to fill the gaps when supply disruptions happen.
Private label party supplies will cost more than generic labels. You need to know that your local market can handle the higher price of goods that will come with private labels. If you price your products far higher than your competition, you might lose customers and harm your business more than you help it.
While using private label party supplies in your business can work wonders for your brand and profit margins, it still requires a time investment. If you don’t have that time or you can’t free up time by adding staffing, private label supplies won’t be realistic for you.
While putting your brand on your products can do good things for your brand recognition, it can also have negative impacts if your manufacturing partner makes a mistake or doesn’t do proper quality control checks. One bad product can spoil your name in the community or worse, lead to legal problems if someone gets hurt.
Ultimately, stocking your entire store with private-label products will be time-intensive and not realistic for companies, especially early in their journey of establishing their business. Finding a quality wholesale partner can help you stock your business with essentials while you work on your exclusive product line with a manufacturing partner.SoNice Party offers many high-quality party décor, supplies, balloons, and essentials. Sign up for a wholesale account now to see pricing and information about the products we offer.
Further reading:
Discover how private label party supplies can help retailers grow their brand, boost profits, and stand out in a competitive market.
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