Party Supplies Sourcing Online – Global Options and Considerations

As people nationwide seek ways to design the most photo-worthy celebrations, the party supplies sourcing online market size is projected to grow from $13.32 billion in to $27.76 billion by . That’s a staggering rate. If you want to take advantage of this growth and open a party store or add party decorations to an existing business, you’ll need to find reliable wholesale party supplies online.

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Due to the staggering growth in the industry, you have many options for where to shop wholesale party supplies, but that doesn’t mean they are all quality and reliable. 

Find reliable vendors you can trust and learn top considerations when shopping wholesale.

Global Wholesale Party Supply Options

As you prepare for selling party supplies or look for ways to adjust your existing strategy and products you offer, evaluate these leading suppliers.

SoNice Party

If you hadn’t heard about SoNice Party before finding this article, here’s a look at some reasons the company is an ideal wholesale provider.

• Affordable upfront costs
• Simple and easy to work with
• Unique supplies you won’t find elsewhere
• Many staples are available with some seasonal products as well
• Easy online ordering process
• Ships from the U.S. for speed and reliability
• Outstanding balloon prices and varieties at great prices
• Knowledgeable support team with vast experience since they operate a party supply store in California
• Vast product categories make finding products simple
• Various delivery carriers to get your order when you need it
• All orders placed Monday-Friday ship within 48 hours
• Items are returnable within 30 days of purchase, less a 10 percent restocking fee

Considerations When Buying Wholesale Party Supplies Online

Before you add party supplies to your store’s offerings, take some time to evaluate wholesale options and considerations.

1. Quality

Photos online can be deceiving. What might look like a great product, might arrive and feel cheaply made. The best way to know whether a wholesaler offers quality products or not is to purchase a few test products. In general, it’s a good practice to order small quantities of anything new to start. Even quality wholesalers might have some questionable products from time to time.

Test out the products and see how easy they are to work with. For example, open a package of the balloons and inflate them. Look for how thick and vibrant they are once inflated and whether they are truly the color advertised.  

2. Ability to Resell for a Profit

While you can always add a percentage to whatever you paid for wholesale party supplies, that doesn’t necessarily mean that the market supports that price.

Evaluate prices in your area for similar products. If you’ll be charging a premium, be sure that the product is premium in comparison or that you have a strong convenience factor. For example, many grocery stores charge a premium for party supplies because they offer customers incredible convenience to get the product while shopping for their weekly needs.

3. Seasonality

You might feel tempted to stock products for specific holidays or gatherings. But you run the risk of having additional products after the holiday passes that you either need to sell at a discount or store until the following year.

A wiser move is to try to stock materials people would need at any time of year. These staples will be easier to move, and you won’t have to worry about closeouts. 

If you do choose to stock seasonal materials, be sure to order a conservative volume to reduce the likelihood of having to clear them out.

4. Profits Tend to Be Small

Because party supplies are small items with small costs, you’ll need to sell large volumes to see large profits. That’s why having a store that offers more than just party supplies is wise.

Another way to ensure larger sales and therefore greater profits is to create bundles. Bundling items together can help reduce the work the customer has to do to assemble the perfect party while also ensuring larger sales.

5. Find Your Niche

The growth in the party industry is no secret, which means you will likely not be the only one in your area stocking these items.

As such, you’ll need to carve out a part of the market that you want to target. Bundling can help you stand out from your competitors by creating a sort of party in a box. And as noted, it helps ensure larger purchases. Some examples of possible occasions you might want to support include:

• Anniversaries
• Baby showers
• Bachelor and bachelorette parties
• Birthdays
• Graduation
• Holidays (i.e., Halloween, Christmas, Thanksgiving, Valentine’s Day, Easter, etc.)
• Wedding receptions

From there, you can decide what materials you want to stock. For example, you can choose some or all of the following party materials.

• Staples, such as cutlery, tablecloths, cups, etc.
• Decorations
• Party favors
• Cards and invitations
• Activities and games, such as pinatas and photo booth props

Reasons to Sell Party Supplies

Aside from the expanding marketplace for party supplies, there are some major reasons to sell party supplies in your store or as part of an online store.

1. Parties are a year-round activity, meaning party supplies can offer a convenient way to offer additional products that are always in demand. You won’t see much of a seasonal slump in sales, unless you stock holiday-specific goods or try to incorporate events, such as graduations, in your store.
2. Most party supplies fold down small and are lightweight. That means that shipping and storing them is inexpensive. Smaller footprints in your store mean larger profit margins based on the space required.
3. With many different reasons to celebrate, party supplies have many niches. So even if your competitors are selling party supplies, you might be able to stock different supplies, thereby serving a different part of the market. Consumers will slowly learn about what you have to offer and shop at your store for those specific needs.
4. Upfront costs to stock the goods are generally low, meaning it is a low-risk way to test additional products in your store as a way to develop new income streams.

Getting Started with SoNice Party

Have questions about wholesale orders from SoNice Party? Reach out to the team and we’ll answer your questions and help you get started. Or if you’re ready to start checking prices and placing orders, you can sign up for a wholesale account today.

With competitive price and timely delivery, Great Time sincerely hope to be your supplier and partner.

Further reading:

If decorating has always been your favourite part of hosting a party, you’ve probably considered a career as a professional party decorator. Not everyone gets as excited as you about putting together the perfect decoration scheme, so why not put those skills to use and start a professional party planning business of your own? Read on for a guide on the steps you can take to get started.

Choose your business model

The first thing to consider is your business model. How will your party decorating business make money? What range of services will you offer under the umbrella of party decorating, and what types of clients will you target?

One useful place to begin is to decide whether you will be a B2B, B2C, or even B2B2C business. A B2B business sells its goods and services to other businesses, while a B2C service sells directly to consumers. The lesser-known B2B2C model consists of an intermediary business between you and your consumer.

Your business model choice will depend on the types of parties you would most like to work on. A B2B party decorating business might specialize in corporate events, while a B2C business in the same industry might specialize in wedding decorating. A B2B2C business might also specialize in weddings, but the business model would incorporate working with specific intermediaries, such as designated event planners.

Create a thorough business plan

You may be tempted to jump into action and start pursuing those dream clients, but taking the time to write a well thought out plan is an essential step for any aspiring entrepreneur, including party decorators. This step will help you think through all of your small business details and give you a chance to catch flaws in your plan, such as an unsustainable pricing structure before they become a problem.

Another reason to create this document before you start an event or party decorating business is to access funding. Banks, creditors, and granting organizations will typically want to see that you have put thought into your operation to help them make sure they want to fund your small business. They also want to see that you’ve considered your budget and can operate within it. A business plan allows you to demonstrate your knowledge of the industry, the market size and opportunity, an overview of your services, how you will go to market, and how your business will turn a profit.

Decide how much your party decorating business will charge

You will do this as part of your business plan, but it is an important aspect of your business to consider carefully. If you underestimate your operating costs and cost of living, you may find that you’re not charging enough, and increasing your prices dramatically can be confusing and off-putting to clients. On the other hand, if you charge a lot more than the industry standard in your area, you might have trouble landing clients at all. By taking into account all of the costs associated with party planning and decorating and identifying how much profit you require in order to stay in business, you can avoid both of these problems.

Choose a business name that you love

This step of starting a party decorating business may be daunting, but it’s also exciting. Your business name is an important element of your branding and can help sell clients on working with you. Consider the needs of your dream client, and brainstorm ideas that would resonate with that client.

Consider ease of pronunciation and spelling when choosing a name. After all, you want people to be able to easily share information about your services with others.

Register your business and open your business account

Once you have your plan and name in place, you can start getting the legal and financial aspects of your decorating business set up.

Registering your business, whether as a sole proprietor or a corporation, is an important step even if you’re starting out small. It enables you to register your unique business name and is typically required by banks when opening a business account. Once you reach earnings of $30,000 annually, you’ll also need to register for a GST/HST account to collect and remit sales tax.

You may think you don’t need a bank account for your party decorating business if you’re a one-person operation. There are many benefits to having a business bank account. When the time to file your taxes roll around, you and your accountant will both be grateful that your personal financial activity is neatly separated from your business finances.

Build a website and showcase your portfolio

With your legal and financial affairs in order, it’s time to start sharing your work and pursuing those customers. Nowadays, just about every legitimate business needs a website, and a decorating or event planning business is no exception.

If you don’t have a portfolio yet, you can offer your services to local businesses or your social network for free or at a great discount. Decorating friends’ birthday parties or holiday parties for corporate customers in your area is a great way to showcase your work, collect testimonials that you can use for marketing, and build a collection of portfolio images for your website and other channels. 

Even if you don’t have web design skills, you can use a portfolio building website to make a professional site.

Use social media and networking for marketing

With your portfolio website up and running, you can start advertising your services. While you can certainly run paid ads, social media is a great way to get your work in front of potential customers for free. You can use Instagram to share visuals from parties and events you’ve decorated, giving people a sense of your services. You can also use it to network with local businesses or people you may wish to work with in the future.

In addition to using digital platforms for networking and building a client base, introducing yourself personally to potential customers in your community and seeing if they need your service is a great way to make connections as a planner or decorator.

While it’s always a challenge to start out in a new industry, it’s also exciting and rewarding. Once you find your niche and build a portfolio, you’ll see that it becomes easier to get new clients. A career as a party decorator has many perks, from being able to be creative on the job and knowing that each new job is different from the last. With these tips, you can start making your party decorating business dreams a reality today.

The company is the world’s best party decoration manufacturers(ja,th,ar) supplier. We are your one-stop shop for all needs. Our staff are highly-specialized and will help you find the product you need.