WHAT IS ABOUND WHOLESALE?

Abound is an online wholesale marketplace. While it was established in 2019, Abound Wholesale saw an increase in its popularity after most retailers shifted their businesses online.

It is a platform that links merchants with growing businesses to sell productsonline. It’s a feasible solution for both parties and facilitates the formation of strong business relationships. Reportedly, they had rounded almost $22.9 million in the first round of funding.  

But what is so unique about Abound? Is it right for your business? And most of all, what are the things to consider when using it? Read on to find out!

What is Abound wholesale?

Abound wholesale is an online marketplace with over 40,000 retailers and approximately 400,000 products. It covers all the shipping costs for returned products unless the products are damaged. In this case, the responsibility lies on the brand’s shoulders. Moreover, Abound also offers Net 60 terms to retailers, which is a considerable advantage.

Another unique characteristic of Abound is that it markets the brands to relevant retailers using sponsored posts and email marketing. However, there is no specified limit for the number of emails or ads they run.

The wholesale marketplace has been designed specifically for brands and online retailers. Small businesses can easily search for high-quality wholesale products using Abound. Moreover, brands can also commission and sell their products too. Besides acting as a link-forming platform, Abound also covers payments, returns, and advertisements, which makes it fairly unique.

Is Abound wholesale Right For Your Business?

Looking at all the features Abound offers, you might be tempted to set up an account right away. But is Abound right for your business? While it is true that Abound only deals with high-quality products from brands, making it effortless for retailers to find the right products, it’s not suited for every business. Why? Let’s look at the pros and cons of Abound Wholesale to get a better understanding.

Pros of Abound wholesale

Here is a list of all the advantages of using Abound:

• Abound is a user-friendly platform and is easy to set up. The application process is relatively simple and must be approved. They offer a checklist that acts as your guide as you set up your account. They also offer comprehensive information for adding and selling products online.
• You don’t need to involve yourself in guesswork with Abound if you’re an independent retailer. All products from the brands are hand-picked, making it easier to get a competitive edge over others.
• There are two options for commission rates, allowing you to pick the most feasible option. But the best part is that there is no monthly fee.
• In option 1, brands are charged a 15% commission for first-time orders. This amount reduces to 8% afterward for each retailer. In this case, payments to brands are made after 45 days of delivery.
• In option 2, the first-time order commission rate is higher at 25%, which reduces to 15% afterward. However, in this case, the payments are made quicker within 5 days of delivery.
• All shipping costs are reimbursed and Abound handles the returns. Moreover, retailers get a 60-day trial period to test out products in-store before they agree to pay. This makes returning products hassle-free.

Cons of Abound wholesale

Now that you’re aware of all the pros, let’s look at some of the cons of Abound Wholesale as well:

• Abound is more inclined to accept brands with more than 50 products. While they do make certain exceptions, it doesn’t always turn out in favor of small business owners. Moreover, Abound is more focused on working with brands with a vast Instagram following. So, if your brand doesn’t have a large following, your brand is more likely to be rejected.
• Despite having many brands and products on the wholesale marketplace, Abound currently only operates in the US and UK, so you can’t expect any international products or retailers on the said platform.
• To acquire a lower commission rate, brands have to wait for a longer period (45 days) to receive payment.

Is Abound wholesale legit?

Abound is a legit place for brands and retailers to connect and expand their business.

After analyzing the pros and cons, it would be safe to say that Abound is a practical and useful platform for businesses with more than 50 products. Or, if the products are few in number, you need to have a large Instagram following to be a part of the wholesale marketplace. Besides that, Abound is a legit place for brands and retailers to connect and expand their business.

How much is commission fee on Abound ?

While Abound is certainly a practical platform, it’s not wise to keep it as the only wholesale marketplace option for your business. Instead, it would be wiser to use different wholesale marketplaces simultaneously. This allows you to make detailed comparisons with other options, making it easier to find platforms that suit your business best.

Make Efforts to Building Relationships

While Abound links brands to online retailers, to survive in the e-commerce business, you must put in more effort to strengthen your relationships with the other party.

Keep the contact information of every retailer that orders from your brand and keep in touch to form a working relationship.Try to also learn more about other wholesale marketplaces

The Bottom Line

Abound wholesale is an excellent wholesale marketplace platform with countless brands, products, and retailers. It offers many incentives to retailers and brands alike, making it a practical choice for both. However, at the same time, it is important to consider the disadvantages, such as longer wait times for payments, high commission rates, and the requirements to be accepted as a brand and you also consider other wholesale marketplace platforms.

That being said, after understanding its features, pros, and cons, you can better judge whether or not your business can benefit from Abound wholesale marketplace platform.

You can also read Faire wholesale reviews here – Faire wholesale reviews – Selling on Faire wholesale in 2023 (onlinegreatretail.com)