Even though the B2B marketplace made the trade between manufacturers, suppliers, and retailers pretty easy, there are still shenanigans due to which retailers find it difficult to contact manufacturers and suppliers. Here, we are answering one of the most asked questions over the internet. The question itself is “How to find a manufacturer or supplier for your product idea.”
Also, this article is to promote the influence of the B2B marketplace. Thus, the points we are focusing on only help you in the online dealings and help you find the right manufacturer for your specific product idea all the time.
1. Check the details on the portal
If you are not in the B2B portal then I advise you to register your business with the B2B marketplace. This way, you will find many manufacturers and suppliers under one roof. With tons of Online B2B portal available, these days find the one that suits you best and also the one that fits into your budget too.
Once you login to your B2B portal with your user ID, you will find many manufacturers and suppliers categorized with the city, product ideas, and many others specifications. Search the list of suppliers for your product ideas, and drop the message for business deals with the one you find most interesting.
2. Ask for the quotation
Right, a good businessman never finishes the deal in a hurry. Also, to make a sound decision, you should visit the website, call the owner, negotiate the deal, and if necessary go for the face-to-face interaction as well.
Thus, finding the list of suppliers is one thing, and doing business with the right suppliers is a different thing. Since the B2B portal is nothing but the gathering of business minds under one roof, you are on your own when you deal for your business. And you better start with asking price quotations.
3. Negotiate and go through quality control
This is more like a process now. So, you have the price quotation either you negotiate now or if the price sounds fair then go for quality control. This is a crucial step as you must know whether the product you are purchasing is of good quality or not.
Beware of the scams and other things that come in handy with the online B2B marketplace. Also, all the deals happening in the B2B marketplace are very common to negotiate since sides are businessmen and the purchase and sale of the product happen only to resell.
4. Compare the rates and suppliers quotations
Even when you negotiate your deals, there are chances of you to churn out a profitable deal from the B2B marketplace purchase. All you have to do is to compare the prices that every new seller is coming with to make their very first sale.
Get the suppliers’ quotations and find out if these quotations are any different and also find the reason how and why price quotation differs. This way you ensure the right deal for your business and make some profit even before selling the product to ultimate customers.
5. Make the deal with surety
The last and final point includes making a safe business transaction which is very necessary for you to revoke or sue or do anything if things go south. Many people avoid making a safe and secure transaction using the B2B portal as they bond together on phone and try to cut the commission of the website that makes them deal with each other in the first place.
Thus, instead of making a rash decision or saving negligible charges, you are prone to a bigger risk. Make your business transaction safe and do business transactions only via the B2B portal.
