Profitable Relationships: 3 Rules That Will Make You a Preferred Buyer of Any Wholesale Supplier

Photo Credit: Sophisticated Edge

Are ready to sell those wholesale sunglasses?

Take a look at these useful tips on how to create a good relationship with your suppliers to sustain the growth of your business.

Supplier Relationship Tip # 1 Ask About Sales and Closeouts

Finding prospective suppliers for your retailing business is just the first of many that would bring you to the top. From this moment on, every step will play a significant role in the future success of your business. A thorough examination of what suppliers have to offer can greatly decrease your headaches in the long run.

Sales and closeouts may seem like a great opportunity for you to snag huge discounts that could be sold to generate more profit. But like what we said when we revealed the 2 Secrets That Will Surely Make Your Retail Business a Hit, the price is not the only factor that you should consider when sourcing out products.

Here are 5 foolproof questions that would help you uncover any fishy secret a prospective supplier might have:

• Why are these items on sale/ closeout?
• How long have they been in your warehouse?
• Will I be the first one to purchase these products?
• Are these goods your slowest movers?
• What is the original price? By how many percent was it reduced?

Asking these questions would help you get a clearer picture as to why big discounts are being given on a certain product. Remember that suppliers might have different motives for pushing goods out by lowering the price. They could just simply like to move their slowest product out or it has been returned by other buyers. It is best to establish a set of acceptable conditions to avoid regretting any purchase or business deals in the end.

Supplier Relationship Tip # 2 Check the Quality before Deciding On the Quantity

This tip may seem similar to the previous one but this has a more general application. Checking the quality before signing up to purchase a given number of quantities is very important. Quality checks prove to be more useful when you conduct business transactions through emails or when your prospective supplier is in another country.

Pictures may paint a thousand words – but remember that there is no way to tell whether these words are true. There will never be a substitute for seeing the actual product before you purchase them. If physical meetings are impossible, you may want to ask a supplier to send you samples or allow you to purchase the product in a lower quantity at a discounted.

Supplier Relationship Tip # 3 Stick with the One

Once you’ve found the suitable supplier that delivers your needs, stop looking for another. Checking what competitors have to offer from time to time could keep your business relationship healthy by keeping you updated of the industry. But changing from one supplier to another can ruin your business. Remember that loyalty to a supplier can be rewarded with huge discounts, buyer credit and other value-added services.

Do you have a good relationship with your wholesale sunglasses supplier?

We at Got Shades offer a great selection of affordable sunglasses and excellent service to our business partners. Visit our GotShades.com and start growing good business with us.