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Five ways to find your wholesale supplier
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Five ways to find your wholesale supplier

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ESources is the largest verified wholesale and supplier directory in the UK. It contains a regularly updated database of wholesalers, importers, distributors, and manufacturers. Buyers and sellers are …

ESources is the largest verified wholesale and supplier directory in the UK. It contains a regularly updated database of wholesalers, importers, distributors, and manufacturers. Buyers and sellers are offered free registration with the option of upgrading to paid membership to get additional benefits.

Published in: Business, Lifestyle

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  • Esources.co.uk
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    • 1. Five Ways To Find Your Wholesale Supplier
      Looking for a wholesale supplier can be difficult. Finding one takes an incredible amount of diligence. Also, the fact that it is a crucial business decision does little to help. A wrong choice could bring down your business. Customers don’t care where you source your products from and at what price. They want their demand to be fulfilled because they are paying a price.
    • 2. Looking for a wholesale supplier can be difficult. Finding one takes an incredible amount of diligence. Also, the fact that it is a crucial business decision does little to help. A wrong choice could bring down your business. Customers don’t care where you source your products from and at what price. They want their demand to be fulfilled because they are paying a price.
    • 3. To a seller, this demand may seem erratic. But, there are ways of managing that too. You could hire a drop shipper. Many of these dropshippers have very little obligations attached to their contracts.
      You can set your mind at what you do best: selling. Leave the administrative and logistics to the dropshipper.
    • 4. Network with other wholesalers: Sometimes, you may require a wholesale partner for a specific new product line that you have just introduced. For instance, a retailer selling designer clothing needs a wholesaler for newly introduced designer shoes or designer jewelry. In such cases, your old wholesale partner can help. Wholesalers in related fields know each other and often network. If your wholesaler doesn’t see the other supplier as a threat to their business, they will most likely introduce you to them.
    • 5. It is ironic that many retailers will hide the fact that they are looking for another wholesaler from their wholesale partner. Just like retailers, these guys have associations and networking forums too. They have much more information than you do. If you are on good terms with your current supply chain partner, use their expertise to build a better supply chain. They won’t mind lending you a helping hand.
    • 6. Internet: Ever since the Internet came into existence, the problem of scarcity of information has disappeared. If you want to find out about anything, all you need to do is google it. There are scores of wholesalers over the Internet. There are online forums where wholesale strategies and suppliers are discussed and people collaborate to come up with innovative solutions. However, there are problems with the Internet too! You will get a lot of information, but how much of it will be credible is open to question.
    • 7. Ensure that you research the source of any information before you make a decision based on it. This is truer if it is relating to offshore suppliers. The Internet has witnessed many scams from the so-called Chinese suppliers. They will lure you in with discounted prices before they rip you off. Be careful, and deal only with credible sources, no matter how lucrative the deal may sound.
    • 8. Yellow pages: The good old yellow pages are a good source of information too. There are still a lot of wholesale businesses that advertise in it. Looking up one will hardly take any time or resources. But, the returns could make it worth investing.
    • 9. Newspaper: If you are not on a tight budget or have a big business, you could use the newspaper. You could advertise that you are looking for a wholesale partner and then invite applications from suitable companies. The reach that the newspaper gives you is unparalleled. But, the flaws are the fact that it is only for larger orders. Small businesses will find it too expensive to use paid mass media to advertise.
    • 10. A word of caution: No matter how you source your wholesale partner, ensure that you conduct your due diligence. The highest numbers of scams in the world happen in this arena. Don’t transfer money to anyone before you know how authentic and traceable they are.
    • 11. eSources.co.ukUK B2B Trade Portal
      27 Old Gloucester Street
      London - WC1N 3XX
      United Kingdom 
      Phone No. +44 785 9849394