If you are planning to join the booming eCommerce industry, consider specialising or stocking cashmere products. As a dealer it is critical to invest in a product that will give you good returns with a ready market and steady suppliers. Cashmere is good on both accounts.
Investing in fashion products can be risky because they change every season. What is fashionable today may not be fashionable tomorrow. But a few things are timeless. These are classics that are always in demand and cashmere is a perfect example of this. Whatever the season’s trend may be there is always a steady demand from people who want to buy cashmere knitwear.
Good profit margins
Ultimately, your buying decisions will hinge on the kind of profit you can make on your product. If a product is expensive and you cannot sell it with a reasonable margin, you are not likely to make a good profit on it. However, less expensive products have better margins due to high demand and high sales. But luxury products like pure cashmere will not achieve the same volume of sales as cashmere blend products.
To ensure profitability, one must find the right supplier. Fortunately, today cashmere can be obtained at reasonable wholesale prices for retail stockists. This is the same for products such as cashmere blend where the profit margins are higher. Stockist can buy cashmere knitwear of different grades and qualities to ensure a higher profit margin.