Finding the right source for your business can mean the difference between success and failure. When you are able to find a supplier that can give you what you need at low costs and a fast turnaround time, you should consider yourself lucky, because you have found what it takes to keep your business afloat. But if you have yet to find that source, you should look for certain traits.
The main source you will have to deal with is the one that provides you with the product that your business sells. Finding this one is the hardest part – and the most important. To start with, you should compile a list of all the options that you want to consider. Look on listings or databases for information on as many companies as possible. You will want at least 10 that you can compare.
When comparing the sources, you need to think of several factors. The first is, of course, price. Every cent cheaper than a product is, that is one more cent of profit for your company. But you also have to consider the particular product they are selling. Is it the same model offered by competitors, or is it a cheap knock-off?
Once you have found a source that offers a quality product for a decent price, you can place a small order as a trial. Don’t fill your inventory with their product, but buy enough so that you are able to get a feel for whether you want to give them your business. You also have to consider sources for other things, such as office supplies.
Finding a source you really trust can take years. But the sooner you get started in your hunt, the sooner you will find the one that you need. So look at directories, call associates, and get recommendations.