BRANDED MERCH MONEY HACKS: SAVING BIG BUCKS

Calling all Branded Merch enthusiasts! If you run a business that thrives on branded merchandise, you know how crucial it is to balance quality and cost. Keeping costs in check while delivering top-notch products is no small feat. But fear not, in this blog post, we’ll dish out some fantastic money-saving hacks to supercharge your procurement game. Let’s dive into these money hacks that will make your branded merch dreams come true.

Here are 8 clever procurement strategies:

1. Bulk Buying: Go Big or Go Home

When it comes to saving money on branded merchandise, one rule reigns supreme: buy in bulk! Purchasing large quantities of products from suppliers can often unlock significant discounts. Whether ordering customised pens, trendy branded tees, or cool promotional tote bags, buying in bulk is a no-brainer.

Bulk buying is an effective money-saving procurement strategy that can benefit your business in various ways. By taking advantage of economies of scale and reducing per-unit costs, you can invest your savings back into your business, boost your brand presence, and enhance customer satisfaction. So, when it comes to procurement, remember: Go big to keep more money in your business’s pocket!

Did you know? According to the Promotional Products Association International (PPAI), bulk purchasing can reduce the unit cost of promotional products by up to 50%. That’s money well saved!

But here’s the clever twist: Instead of stockpiling a single item, opt for versatile products that can work for different campaigns or seasons. For instance, branded customised tote bags can be used for trade shows, employee gifts, and customer giveaways. One product, multiple uses – that’s bulk buying brilliance right there!

Also, shipping can be a significant expense, especially for merchandise that is bulky or heavy. When you order in bulk, you can save on shipping costs by consolidating multiple products into a single shipment. Additionally, some suppliers may offer free or discounted shipping for large orders.

2. Leverage Pre-Orders and Pre-Sales

Pre-orders and pre-sales are powerful tools that can help you gauge demand for your branded merchandise while also saving money on production costs. By allowing customers to place orders before the products are fully manufactured, you can accurately estimate the required quantity and avoid overstocking.

Offering special discounts or incentives for pre-orders encourages customers to commit to buying early, helping you generate revenue upfront to fund the production. This early cash flow can be invaluable, especially for small businesses with limited resources.

Moreover, pre-orders can give you valuable insights into which products are most popular among your target audience. Armed with this information, you can focus your procurement efforts on the highest-demand merchandise, ensuring a more efficient and cost-effective process.

Incorporating pre-orders and pre-sales into your procurement strategy not only helps you save money but also creates a sense of excitement and anticipation around your merchandise launches.

And let’s not forget about foresight. Planning your branded merch in advance isn’t just smart—it’s a game-changer. At Sourcey, we get the power of planning, especially when it comes to grabbing quality gear without breaking the bank. Use our network to ship via sea and save big bucks. Air freight is an option, but it’s pricier. So, if you like to be ahead of the game and save some dough, we’ve got your back! Let us make your merch game strong without the last-minute stress. Because, let’s be real, timing is crucial in delivering top-notch merch!

3. Building Relationships with Suppliers

Building strong relationships with your suppliers can lead to exclusive deals, reduced set-up fees, and sometimes even better payment terms. It’s all about building loyalty, and we are here for it. At Sourcey we are all about relationships, not just with our clients, but our suppliers too. A good supplier knows that a satisfied customer keeps coming back for more. And that is why we love ourselves a long-term relationship, like we have with Southern Cross Austereo.

4. Embrace the Power of Branded Swag Bundles

Who doesn’t love a good bundle deal? Apply this consumer psychology trick to your procurement strategy. When working with suppliers, enquire about package deals that include multiple items. Many suppliers are more than willing to throw in some extras or offer discounts when you order a combination of products.

Imagine offering your clients a branded bundle that includes a water bottle, a notebook, and a pen at a discounted rate. It’s not only cost-effective but also enhances the perceived value of your offerings.

5. Explore Alternative Printing Methods

Sure, screen printing can be the go-to choice for branded merchandise, but it’s not the only game in town. Depending on the type of products you’re offering, explore alternative printing methods like digital printing, heat transfers, or embroidery. These methods can sometimes be more cost effective for smaller quantities or specific materials.

6. Timing is Everything: Off-Season Discounts

The early bird catches the worm, but the savvy shopper catches the off-season discounts! Plan your merchandise purchases strategically to coincide with off-season sales. Buying your winter-themed summer hoodies or beach towels in winter can lead to significant savings.

7. Quality vs. Quantity: Finding the Sweet Spot

Quality matters, but sometimes it’s essential to find the sweet spot between quality and cost. Assess your target audience and merchandise use case. For certain promotional events or giveaways, a lower-cost item might be more appropriate. Save the premium stuff for your loyal customers or special occasions.

8. Local Sourcing Splendor

Supporting local businesses isn’t just a feel-good gesture; it’s also a smart procurement strategy. When you source your branded merchandise locally, you can often negotiate better prices due to reduced shipping costs and faster turnaround times.

Moreover, it’s a chance to tap into the “Made in [Your Location]” sentiment, which can be a powerful selling point for your clients. People love to support businesses that support their country and community. So, explore the local options, whether you need custom apparel, promotional products, or any other branded merch.

Fun Fact: According to a study by Statista, 62% of consumers prefer products made in their own country.

So go ahead, and give these money hacks a try. Your clients will thank you for the quality and the savings, and you’ll have more budget left for that celebratory coffee run – or maybe even an extra round of branded goodies! And may your margins be ever in your favour!

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