When you’re starting a business, you most likely need to find the right suppliers or traders for the products, or services, that you intend to sell. No matter which industry you’re in, you have to find and interview a number of suppliers to ensure that you commit to the right one. There are a number of ways that you can find a trader and an online trade directory is one of them.
There are many business directories on the internet that list businesses from all industries, but you need to find one that only lists traders. This is a specialised online trade directory service that focusses on listing traders, suppliers or wholesalers only. If you are searching for a supplier for your business, you probably don’t want them to sell directly to your customers. There are trade suppliers that only sell to retailers or distributors and not directly to the end users. They state this in their policy and check their distributor’s legitimacy. This is imperative if you intend on running a successful business. You need to find a trade supplier that has strict control processes in place, which their staff adhere to, that prohibits them from going directly to the public.
There are certain suppliers that may service both markets by having two separate processes in place. This may include two separate price lists: one with trade prices that are discounted for distributors and one with retail prices for end users. Depending on your business model this may be an option for you.
In addition, when you’re searching for a trade supplier the price is a big point. If you’re going to buy from a trade supplier, you will make bulk purchases in most cases. Ensure that you benefit from bulk discounts so that you can add a reasonable profit margin, yet be affordable enough for your customers to want to buy from your business.
An online trade directory will show you quite a few suppliers per category. This is great if you are looking to compare suppliers, their service and prices. You can also narrow down your search to only include those closest to your business. After all, finding a supplier near to you can minimise transport and delivery costs, thus lowering your overheads.
An online trade directory is a convenient and professional way of finding a lot of traders in all industries. It will save you much time in your search for a competent trade supplier.