Buying wholesale lots involves purchasing large quantities of goods directly from manufacturers or distributors at discounted prices. This practice is prevalent among businesses looking to resell products for profit or utilize them for various purposes.
The benefits of buying wholesale lots are numerous. Firstly, it allows businesses to acquire products at significantly lower costs compared to retail prices. Secondly, it eliminates the need for intermediaries, leading to increased profit margins. Additionally, buying wholesale lots enables businesses to stock up on inventory, ensuring product availability and reducing the risk of stockouts.