6 Ways To Find The Right Manufacturer And Supplier For Your Online Business
Source: DHgate, Tag: E-Commerce Tips
Are you a budding entrepreneur looking to start your own online business? Find out the importance of scouring the right manufacturer and supplier.
Finding the right manufacturer and supplier for your online business is essential in sourcing high-margin, cost-effective and profitable products for your digital store. However, finding the right match when it comes to sourcing the right items to sell can sometimes be easier said than done.
Dropshipping is often considered the easiest way to sell products online, but while the merchant may not stock their own inventory, finding the right kind of products to sell is essential in making your online business a success.
Behind every best-selling product is a manufacturer and a supplier, and finding the right manufacturer and supplier to partner with while sourcing your next big money-making investment will determine the impact you make in the e-commerce market.
There are several different strategies that you can utilise in finding the right manufacturer and supplier for your online business, we take you through some of our favourites and most effective.
Where there’s a will, there’s a manufacturer
When you are first developing your online business, knowing what products you want to sell and the type of consumer that you want to attract will be a crucial part of your overall online business strategy. Once you have established the market that you wish to target, contact key manufacturers within that field and ask for a list of its wholesale distributors. More often than not, many wholesalers carry products from a variety of manufacturers, and while these products may not be the kind of items that you wish to sell, it will allow you to select a niche and help you identify the leading wholesalers in that particular field.
Contacting manufacturers
When contacting manufacturers, it is always important to be upfront and honest with your intentions and what exactly you are looking for. By contacting the manufacturer directly, not only do you show a willingness and aptitude for business, but you may also cut costs by avoiding going through a supplier. This is a tried and tested formula, with many niche retailers and “boutique” stores purchasing products directly from manufactures. Contacting a manufacturer directly may boost your online business and offer unique opportunities in sourcing the latest projects straight off the conveyor belt before they hit the market.
Contacting wholesale distributors
When contacting wholesale distributors, key information that you will want to secure are the minimum order requirements and the manufacturers wholesale unit prices. In the digital age, emails are always the best way to make your intention clear, however, contacting a wholesale distributor by phone can be just as effective. Knowing what to say beforehand can go a long way in getting straight to the point and stamping out the unnecessary small talk and getting straight down to business.
Explore online wholesale marketplaces
DHgate is the leading online wholesale marketplace and is the recommended place for those who want to source high-quality manufacturers, importers and wholesale distributors direct from China.
With over 2.2 million sellers globally and a transaction occurring every 1.3 seconds, DHgate is the leading digital marketplace for businesses and consumers worldwide and is the essential e-commerce website to sell your products and promote your business online.
Choose from over 22 million products manufactured by certified Chinese suppliers and marked at competitive prices you won’t find anywhere else.
Network! Network! Network!
Build your professional network with industry insiders and showcase your business by participating in online forums and subscribe to industry newsletters. By extending your reach and networking with those within the dropshipping field, you will open yourself up to those within the industry. Take the time to attend industry tradeshows to not only stay ahead of the latest dropshipping trends but to also have the opportunity to meet face-to-face with manufacturers and wholesale distributors.
Boost your online business on a dropshipping platform
The biggest challenges for many small online businesses are finding high-profit products, arranging logistics, and providing after-sales service. In recent years, dropshipping platforms have sprung up everywhere over the internet as dropshipping continues to boom and have given e-commerce entrepreneurs the chance to start an online business without the unnecessarily hassle of managing stock inventory, packaging, or shipping.
MyyShop is the leading dropshipping and online business solution that helps you reach more customers, source more products and make more sales in an instant!
No more warehouse expense or box stacking in your living room
Test out new products and prices without spending cash upfront
No big-cost bulk buy
No more time-wasting browsing the internet desperately scouting for new products
E-commerce profits reached over $4 billion in 2020, with many online businesses now using dropshipping to store and sell their products to consumers online. By having your products shipped directly from the supplier straight to your customer, you can save on shipping and warehousing costs, delivery time, and the hassle of managing your inventory.
Summary
Creating a successful online business not only takes time but patience and those entrepreneurs expecting mammoth sales and profit from the get-go will be disappointed. Dropshipping platforms like MyyShop offer very low start-up costs while allowing you to easily add or change your product offerings. However, considerable time must be spent in finding the right manufacturer and supplier in securing that indispensable lucrative best seller.