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A Step-by-Step Guide to Choosing the Right Wholesale Supplier

By: Brittany Engelmann-- 2016-06-13 8:00 am --

The relationship between a small business owner and their supplier is about as intimate as a business partnership can be. You and your supplier need a mutual understanding, they have to meet your needs, understand and respect your business goals, and always be willing to meet your expectations. Choosing the right supplier is a big commitment, and you need to ensure you select your supplier wisely.

Step 1: Consider Your Needs

Before reviewing the various suppliers available to you, you have to consider your specific needs from the supplier. What types of products do you need? What quantities do you intend to order? Would it be useful to contract with multiple suppliers or would you prefer a one-stop-shop? By answering these questions, you can narrow down your search and hone in on the specific suppliers that can meet your needs as a business.

Step 2: Review Their Customer Service Policies

Your relationship with your supplier is much more than just a business partnership. You need a supplier who is available and willing to listen to your concerns. Chat with prospective suppliers about their customer service policies to ensure you find one who is willing to work alongside you and communicate with your business effectively.

Step 3: Consider Pricing

The pricing set by the wholesale supplier will partially determine the profitability of your business. If you intend to resell the merchandise you buy, then you need a supplier with prices that will enable you to establish fair pricing for customers, while still creating profit. If you’re finding a supplier for office or work-related supplies, then the cost will determine the overall operational costs of your business, thus impacting profits. Compare their pricing with the pricing of other wholesale venders to see who is offering the best deals on the highest quality of merchandise.

Step 4: Consider Their Location

There are potential suppliers all over the world that you could choose from, but be careful to choose the location wisely. By choosing a supplier in your own country, you can avoid a lot of potential problems later on. Your supplier is more likely to be on time with orders, and less likely to be impacted by weather, political, or economic conditions which could inhibit the delivery of goods.

Step 5: Review the Quality of Merchandise

Whether you need a supplier to help stock your shelves or supply your office with materials, you need to ensure you’re sourcing the best possible quality around. Peruse their website and inspect the merchandise they sell for quality by reviewing ratings and reviews, and compare your notes with other wholesalers to gain some perspective.

For small businesses, the relationship between you and a supplier is critical to your overall operation. You need a supplier who can continue to meet your needs in terms of supply and pricing, while ensuring every order arrives on time and in great condition. At DollarDays, we don’t just view our business partners as clients but as members of the family. We strive to uphold the highest level of satisfaction, while maintaining open channels of communication in case our clients ever need to report an issue or concern. To learn more about partnering with DollarDays, contact us today.