Steps involved in verification of the suppliers

Article Written By: William King

It is common that we all stop at wholesale websites that claim to provide products at dirt cheap prices. But do you think if you have found cheap supplier, you feel satisfied? Probably not! This is because we all know, with the increased trend of conducting business online, the danger of being scalped has also become considerable.

Many times, we come across fake websites in which scammers add appealing text and pictures to confiscate the hard eared money of the people. These suppliers strive hard to increase the ranking of their fake websites to make them the top results of an important search. The websites having good ranking in the search engines are likely visited by the people more and the chances of losing the money become more evident.

The success of an online wholesale business depends on a genuine supplier. In this complicated situation you have to be vigilant and sharp in identifying a perfect source of supply for you. You should follow a proper verification process so that you may place your orders with full trust and confidence.

This process involves following steps.

Check contact information: Don t rely on the information provided on the face of the website only. Make telephone calls, send e-mails and match the company address with the yellow pages.

Check supplier s website: Scrutinize registered domain of the company and match it with the name of the contact person. If both are different you might be dealing with a fake supplier.

Ask for references: Ask your wholesale suppliers to provide you with some references with whom he has been working with. Check out these references and visit them in person to know about your supplier s credibility and reliability.

Ask for product samples: Demand samples from your supplier before placing large orders. Often the ones who provide you samples are the legitimate ones.

Check supplier s reports: Check out the negative reports from the famous business organizations and see if complaints have been filed against your supplier or not. If you find some complaints, suspect your supplier.

Join wholesale forums: Registration on most of the forums is free of cost. You should join the forums related to your business and take opinion from different industry specialists and business men about your supplier. If he is unreal, truth will be revealed on you soon.

Talk to the previous customers of your supplier: Talking to the previous customers disclose many things on you regarding the credibility, reliability and quality of the products of your supplier.

Place small initial order: It is better to order less quantity in first order as compared to placing larger quantities at stake. When place small quantities, even if you loose your money, the loss will be less.

It s true that scams are everywhere in the online world but our little effort of proper verification can easily free us from unscrupulous manufacturers or supplier.

About the Author

William King - Manufacturers
and Wholesale Suppliers.

You Can Link Directly to "Steps involved in verification of the suppliers" by using the url:
http://www.allbestarticles.com//business/wholesale-business/steps-involved-in-verification-of-the-suppliers.html

This Article Has Been Published on Thu, 23 Jun 2011 and Read 232 Times

Find All Best Articles at http://www.allbestarticles.com

Rating: Not yet rated

Comments

No comments posted.

Add Comment

You do not have permission to comment. If you log in, you may be able to comment.

Related information on Wholesale Business

Four misconceptions about online wholesale business
Being the best can win more business for wholesalers
Benefits of incorporating a limited company
How small wholesale businesses are essential for Economic Growth?
Developing the right growth strategy for wholesale business!
Advantages of buying T-shirts in wholesale!
How Clothing Wholesalers can save on sourcing cost
Simplify your pricing philosophies to get great number of customers
Getting into the wholesale business is not a piece of cake!
Advantages of internal audit to a wholesale business
Things to consider when planning growth of distribution business
How to take lead from other wholesale jewelers?
Steps involved in verification of the suppliers
Time management and wholesale business
Importance of relationship management in a wholesale business
Factors influencing the wholesale buying decisions
The ideal resource for wholesale fashion accessories and apparels
Is it more profitable to deal directly with the manufacturers for wholesale supplies?
Legal considerations while exporting to USA
Why quality check is important before making a bulk order
Using sales letters for your wholesale trading business
Choosing between the different types of suppliers for your online retail business
Importance of understanding trade policies while entering international market
Benefit wholesalers can get from seasonal discount offers
Growth strategies of a Costume jewelry wholesale business