Wholesale Trade

Definition: Wholesale trade involves selling goods in bulk to other businesses, such as retailers, resellers, or other wholesalers, rather than directly to consumers. Wholesalers typically operate as intermediaries between manufacturers and retailers.

Example: A jewelry maker who sells handmade necklaces in bulk to boutique shops or resellers operates within the wholesale trade sector and might use NAICS codes like 423940 – Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers.

Resources:

• Wholesale Directory Platforms: Websites like Faire connect wholesalers with retailers looking to stock products.
• Business-to-Business (B2B) Tools: Platforms like Alibaba support bulk transactions for wholesale businesses.
• NAICS Code Lookup Tool: Use the NAICS official search tool to find wholesale trade classifications.

Learn More: Visit our guide for tips on classifying your business within wholesale trade and selecting the right NAICS code.