The online marketplace is growing with people entering and exiting on a daily basis. Thanks to the power of the internet, anyone can run an online store and succeed once he/she gets the most important things right. With dropshipping, choosing the right product to sell, finding the right dropshipping supplier, and conquering the fulfilment hassles are the most critical things that determine success. Here, we are going to concentrate on one of them: finding the best dropshipping supplier for your online business.
Finding the right dropshipping supplier for your online business is never easy. Remember that your supplier is basically your business partner as far as dropshipping is concerned. Choosing the wrong one, therefore, can jeopardize your business. If you get the right supplier, however, your chances of success in dropshipping will be greatly enhanced. But how exactly can you find the best suppliers? Here, we will briefly summarize important steps and considerations you must take:
Understand Your Distribution Channels
It is important that you understand your industry’s distribution channels so that you get a reliable supplier that will offer the best deal. Ideally, you can source your goods directly from the manufacturer, an importer/exclusive distributor, a wholesaler/regional distributor or another middleman that may be exploitative. Make sure you understand the channels and try to buy from the top.
Get In Touch With the Manufacturers If Possible
If you are able to secure a contract with the manufacturers of the product as your dropshipping supplier, you will save yourself the hassles associated with middlemen and also enjoy maximum profit. Some manufacturers may require minimum order that is quite high, there is always room for negotiation. If you are able to reach an agreement with a manufacturer, the effort will be worth it as you can be more competitive with your pricing.
Use Online Directories
Another simple way to find reliable dropshipping suppliers is to use online directories. Good directories normally have database of suppliers organized according to industry, market, or niche. This makes it easier for you to see several potential suppliers and contact them directly before choosing the best one. Some of the most reliable directories to find the best suppliers include Alibaba, Alidropship, Wholesale Central, SaleHoo, Kompass, Oberlo, Indiamart, Worldwide Brands, and Bambify.
Hack the Competitor
If there is an authority in your niche – a dropshipper that is doing so well in the industry, you can replicate the success by finding out who the suppliers are. There is a simple trick to do this: order from the competitor and decide to return the product as soon as possible. Since it is a dropshipping business, the product will have to be returned to the supplier. They will provide you with their name and address. As simple as that, you have found a great supplier.
Use Search Engines to Find Dropshipping Suppliers
This is one of the simplest ways to find the right dropshipping supplier for your online business. A basic Google search will return so much information that can help you to find the right supplier. Use essential words like “wholesalers” and “distributors” and add the keywords that matter in your industry/niche. In some instances, you will find a reliable supplier through search engines but research deeper to know more about any supplier.
Attend Trade Shows
Trade shows are important for so many reasons. You have to attend as many as you can if you really want to grow your business. Attending a trade show is an efficient way to find great dropshipping suppliers for your business. You will also be able to connect with other industry players that can help you in different ways to grow your business. You will also get insight on new trends to adapt and new products to add to your store.
Join Industry Networks and Groups to Find Reputable Dropshipping Suppliers
There are so many things to gain from joining industry networks and groups and finding good suppliers is one of them. By being part of a community, you will be able to build relationship with industry players that can provide helpful information about reliable suppliers. You will also get more insight about how to grow your online business by participating in discussion in such groups. When you are good at networking, you will be surprised that some suppliers may even contact you with great offers.
Order Samples for Validation
When you have narrowed down your choices to a few options, it is important that you order samples from suppliers you have contacted. No matter how many reviews you read online about the products you are about to sell to your customers, nothing beats firsthand experience. Remember your reputation as an online businessperson is at stake here. Order samples to be certain of the quality and how the supplier handles order fulfillment (the most important elements for customer satisfaction).
Do Not Be Afraid To Change Dropshipping Suppliers
It is possible that the first dropshipping supplier you will work with will not meet your expectations. If this is the case, do not be afraid to change suppliers. If you notice that some of your customers are not satisfied with their experience, it is important that you look for a new supplier as soon as possible to avoid losing your customers.
Understand the Contract Terms and Make Sure They Are Favorable Before You Sign Up
It is important that you know everything about your contract with your supplier. Negotiate with your potential suppliers until you get a deal that is favorable. Understand the terms of the contract and all fees applicable before you sign. Also, make sure there is room for exit if things don’t work out so well.
Finding the best dropshipping supplier for an online business is never easy. Whether you are just starting up or you are already an authority, you need to put in serious effort to find the suppliers with the right products to make your customers happy. The tips summarized here can always be very helpful.
Do you need a reliable dropshipping supplier for your ecommerce business? Contact us today at Fulfillman. We provide a wide range of services including Drop Shipping, Warehouse fulfillment, Third Party Logistics, China sourcing, Video Marketing, Amazon FBA, and so forth. Our trusted team will be available to speak with you. We will provide suitable answers to your questions and concerns, to the best of our knowledge. With us, you are guaranteed to get reliable and excellent services.