Yes, you can definitely resell. There are various options to simply resell during Chinese New Year. We also have a solution for adding tracking codes during Chinese New Year. They are listed below:
1. Purchasing stock and storing it at one of the suppliers in their warehouse.
It is advisable to purchase your Best Sellers in a timely manner. Factories often stop producing new products a few days before Chinese New Year (especially now with Covid!). They don't want to be left with too much stock during Chinese New Year. It is therefore STRONGLY recommended to purchase your Best Sellers as soon as possible and store them with one of the suppliers. In this way, your products are sent until the last day that the supplier is at work. The orders for which stock has been purchased for Chinese New Year can then also be sent out more quickly after the holidays (even then they have a shorter processing time). Keep in mind that there may be a backlog with some suppliers after the holidays.
In China, each factory decides for itself exactly how long they will spend their holidays. It is therefore impossible to say in advance how long a specific factory will remain closed. Of course, we will contact the factories for all Best Sellers to ask exactly what period they celebrate their holiday. You can request these holiday periods from your SP account manager.
2. Purchasing stock and storing it in our Dutch warehouse.
If you purchase and store stock in the Netherlands, your orders can be shipped continuously. There will not be a day's delay, provided you purchase on time. You can request a quote from your SP account manager for purchasing, shipping to NL and the fulfillment fee. Of course very competitively priced. This is also possible if you dropship VAT-free! However, you do pay VAT, but you can easily keep that separate for this period. We take care of the import (costs) completely, so you don't have to worry about that. We can also ship worldwide from the Netherlands.
NOTE OPTION 1&2:
In some cases, agreements can be made with the factory that the remaining stock can be bought back. Discuss this with your SP account manager to see if this applies to your product(s).
3. Continue selling as always in combination with clear communication (in advance) towards the consumer.
If you clearly communicate on your site that the product has a long delivery time, this is also an opportunity to resell during Chinese New Year. It is very important that you communicate this to the consumer in different ways. You can indicate that your goods are produced in China where there is currently a low occupancy due to many Covid infections or that a factory/production error has occurred that has caused shipping delays.
Click here for various examples of how you can communicate this to consumers.
NOTE OPTION 3
We advise every SP member who currently has a negative balance sheet/cash flow problems and chooses option 3, not to scale faster than the cash flow allows. The consequence of a longer delivery time is often a hold. You can then have disputes and your money is tied up. The result of this is that you no longer have the money to pay for the purchase of the goods and so you only end up deeper in a negative spiral. Of course, it remains super important to mention the delays in the emails and possibly on the product page. Fast and clear communication to your customer is KEY during this period! Adjust your customer service accordingly.
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