Forum Moderators: buckworks
That is entirely up to you. The benefit of buying in quantity is the potential for a higher profit margin. It also means the buyer assumes risk if the product does not sell.
Your profit margin will dictate if you can accept returns when you wholesale the products. I always take returns on defective or damaged products, but never for products that did not sell. Profit margins are extremely thin in some industries like computers and electronics where taking non-selling returns could kill your business.
Another example: A fashion designer sells their entire line to a major department store. The contract may stipulate they can return any and all products that do not sell. But the department store paid a higher wholesale price where the returns did not impact your overall desired profit.
To me its not really a requirement, but if you really do not want to take a return you can make this a requirement to weed out the unorganized buyers and probably lose a customer.
> if they have that policy
Department store can muscle their policy in to contracts. As long as you make money in the end...