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The fashion industry has taken a turn for the better in recent years and in this revolution, the contribution of NuOrder cannot be overlooked. NuORDER has brought a revolution in the fashion industry with its innovative and pioneering marketplace and two-way sales solution, which enable people to run their wholesale business on web-based platform. This e-commerce site puts a curb on the use of pen or paper, as the platform gives brands an opportunity to have better sales in relatively less time and helps retailers to kick off purchases more efficiently. In a few words, NuORDER is an ecommerce platform for wholesale.
An overview of NuOrder
Heath Wells together with Olivia Skuza laid down the foundation of NuORDER as a leading digital solution for wholesale businesses. At present, the leading fashion brands and more than 70,000 retailers across the world utilize this ground-breaking software and help them acquire assistance from a large-scale network of style icons and the kingmaker of venture entrepreneur.
A digital wholesale solution for all
With right retailers and best brands of the world on one platform, NuORDER can definitely take the fashion wholesale to a completely new level. Eliminating the use of pen and paper, all you need to have is an access to internet either on desktop or on mobile. As a B2B marketplace for the existing and new accounts, entire sales process can be performed online on NuORDER ranging from orders o product catalogues and custom line sheets to inventory. NuORDER adds to the effectiveness of sales by minimizing the mistakes on any order and lessening the time taken to accomplish all sales activity. Independent research confirmed an increase of 17.6% in sales after a number of brands moved to NuORDER.
A hub of both retailers and brands
NuORDER is a 2-ways marketplace providing 1) retailers with a chance to look for right brands and 2) brands an opportunity to settle on right retailers. The foremost purpose of NuORDER Inc. behind launching an online trading portal was to enable retailer to find and buy right products and hundreds of accomplished suppliers just by looking at the images.
As of now, over 70,000 retailers and 200 brands use NuOrder for buying and selling. Not only this, the marketplace has until now processed sales of over 1.35 million products.
At NuORDER, both sellers and buyers are given the autonomy to share the information through web portal and apps. This will, in turn, help brand manufacturer identify the retailers in the quest of its products.
Mobile app to boost sales
NuORDER is one of a king when it comes to providing an enterprise ready platform that is feature-rich and flaunts an eye-popping fashion-forward interface. With the inception of NuORDER’s offline iPad app, retailers can place orders easily and brands can create custom line sheets and revise inventory quickly. The app has made it easy to conduct business anywhere and anytime. The technology works wonders for both large and small businesses, as its payment is accepted in any currency and help businesses put together back-of-house systems of users.
Surplus inventory represents a problem for retailers. If they have too much merchandise, they either have to pay to warehouse it, or keep it in the store taking up space that could otherwise be used to showcase new products that will continue to update their brand and keep business moving. Therefore, the excess merchandise must be dealt with in a cost efficient way. Many times, these products are listed for sale at liquidation prices. The company simply wants the products off their hands, and so they sell it at much reduced rates in order to avoid having to pay for storage at a warehouse and to avoid delaying the showcasing of new products.
Liquidation.com is a service that many businesses use to buy surplus inventory from some of the largest retailers in the world. It is an auction web site that hosts the sale of surplus inventory. This online marketplace offers online auctions and liquidity services for both buyers and sellers. Sellers and buyers alike can buy or sell a wide variety of bulk wholesale merchandise. The merchandise comes from returns, closeouts, and other sources. There is also refurbished merchandise available on this website. The web site also functions with other online auction marketplaces. Through liquidation.com buyers can source inventory that is listed for resale on eBay, Amazon, and other online and offline marketplaces. The primary method of operation for buying is through bidding on auctions that are held on the site.
The way services like this one work, is through the solicitation of bids. Sellers list the products and merchandise that they wish to get rid of on the website, and then buyers browse through the available selections and choose which products they want to bid on. The prices start low, and then gradually rise as successive bids are placed on the products. The more bids, the higher the price, however these auctions are still a great way to get quality products that would have sold for quite a bit at substantially reduced prices.
If you are a buyer who resells products, then liquidation.com is a great service that you should look into. It can help you get the prices you need to keep your profit margins high.Getting access to high quality products at basement prices is a great opportunity to take advantage of. Also, Liquidation.com can allow access to other online marketplaces. So not only is there the opportunity to bid on products and merchandise that is listed on liquidation.com, but the buyer can also have access to auctions that are occurring on other websites that have similar functions and services.
Whether you are a buyer or a seller, online auctions are a great way to keep your product costs down. They represent a substantial opportunity to take advantage of the mistakes made by retailers. Excess merchandise represents a failure to account for the actual amount of merchandise that is likely to sell in a given time period. Because the retailers have failed to account for this, you can take advantage of these great deals.