You’ve started your business and that idea is finally taking shape outside your journal. But you’re wondering where your products will come from. Well, you’re not alone.
This step is a major one because finding a reliable supplier of quality products is crucial for your business's success. Your supplier will directly affect the quality and range of your products, and even how well you can run your business overall.
But many entrepreneurs hit a brick wall at this stage. This is true whether you're creating your own product line or seeking wholesale suppliers. It requires much more effort than just skimming through a series of price lists.
You don’t want to get caught being unable to fulfil orders because of supplier delays or receiving complaints on quality because suppliers didn’t provide the best materials. So, how then do you figure your way out? Let’s delve in!
How to find the perfect supplier for your business
Research first: You can’t figure out the right supplier for your business without doing some research first. So, don't rush into any decisions. Take your time to look into different suppliers and gather as much information as you can before choosing someone to work with. The Internet has many great places where you can start your search. Some of them are:
Google: Enter keywords like Wholesale, manufacturer, etc. when searching. Also, consider using Google Advanced Search to improve your search.
Marketplaces: Popular marketplaces like Alibaba can help you find manufacturers or suppliers if you’re thinking of importing. But if you’re considering local sourcing, you can search local marketplaces like Jiji and Jumia.
Online Supplier Directories: Directories are a great way to scan through profiles of manufacturers, wholesalers, and suppliers. Aliexpress and Indiamart are examples of online supplier directories.
Take referrals: Sometimes, the best deals aren’t listed online. They’re right around the corner, but you probably don’t know. This is why you should join e-commerce communities, ask within your network, and look for people who have succeeded in the field you are trying to venture into.
Test their quality: Your supplier’s quality is foundational for your business. So, you must ensure that they have an unwavering commitment to quality. Make sure to ask for samples and pictures before placing your orders to examine the quality of the items. If they’re unwilling to send you samples, don’t be scared to keep searching.
Factors to Consider When Choosing a Manufacturer/Supplier
Here are a few things to consider before choosing a supplier.
Reliability and Quality: We’ve mentioned this over and again, but it’s only because it’s very crucial. Be sure that they deliver quality products and do so on time. Check their reviews from previous customers as well.
Production Capacity: When dealing with manufacturers, you need to ensure that their production capacity covers your needs. Where it’s possible, visit their production outlets to see that they won’t get crushed under the weight of your orders and ensure that they’re adhering to industry standards.
Price: Price is always an important factor to consider when choosing a supplier. You need to find a supplier who can provide good value for your money. But be cautious when prices are too low.
Communication and Risk Management: Ensure your potential supplier can communicate effectively, as this is the key to a long-lasting partnership. Also, consider how good they are at managing risks. These two traits will likely save you from future hassles when unexpected disruptions happen.
Logistics: Consider the proximity of the manufacturer as this can influence the shipping cost and delivery time. However, distance isn’t a barrier. DHL Express will ensure fast, convenient, and safe delivery of your products in perfect condition.
Conclusion
Now that you have a roadmap to finding the perfect supplier, you're well on your way to a successful product launch. But remember, a smooth supply chain is just as important as finding a reliable source. Partnering with DHL for your logistics and delivery needs takes the pressure off. With DHL's global network and commitment to excellence, you can be confident your products will reach your customers on time and in pristine condition.
Open a DHL business account today to unlock exclusive rates and services designed to empower your business. DHL - Your trusted partner in global logistics.
