KH friends, have you ever been confused about finding suppliers with low prices, diverse products, and abundant stock? If so, then it’s time for you to get to know first-hand suppliers.
First-hand suppliers are manufacturers who are the first source in the production of goods or products in large quantities. Generally, these suppliers will supply products to dropshippers or resellers, who will then resell them to consumers. However, finding a first-hand supplier is not that easy. In addition to price issues, KH Friend also needs to ensure that the products obtained are of high quality. For that, let’s learn how to find the right first-hand supplier for your business in the following article.
What is a Supplier and How is it Different from a Distributor
Before discussing further to find it, KH pals need to first understand what a supplier is. A supplier is someone or an entity that provides and sells materials that will be processed by other businesses to become ready-to-sell products. Goods sold by suppliers are usually in the form of raw materials or raw materials, which are then utilized for production. There are still many people who think that suppliers and distributors are the same thing. In fact, the production flow they do is different.
READ ALSO: Often seen as the same, here are 5 differences between suppliers and distributors!
Distributors are those who buy ready-to-sell products directly from manufacturers. So, they are people who buy products that have been processed and then sell these products to further intermediaries.
Tips for Finding Suppliers for Business
Finding first-hand suppliers can be a solution to offer quality products at affordable prices, but with a reasonable profit margin. Yes, a satisfying business income is when KH Friend manages to sell cheap products from these first-hand suppliers by offering the best price for consumers. So, how do you find the right supplier for your business?
Decide on the Type of Product to Sell
The first thing to do in finding a first-hand supplier is to determine the type of product you want to market. Will you focus on selling clothing, technology, or perhaps beauty products? That way, you can create a list of potential suppliers that suit your business needs.
Find Suppliers on Marketplaces and Social Media
After determining the products to be sold, the next step is to look for suppliers on marketplaces and social media. This is also commonly done by beginner sellers. The main reason is because the products are very cheap and there are also many manufacturers who are directly selling their products on the marketplace and social media. So that it can be bought retail, get free shipping, diverse product choices, and trusted if it is under the auspices of a trusted marketplace.
Attend Trade Shows
By attending various exhibitions or fairs, you can have a greater chance of meeting suppliers that suit your needs. Yes, exhibitions are often a means used by suppliers to promote their products. Moreover, suppliers who participate in exhibitions have usually been selected by the organizers, so the identity and credibility of the products offered are more guaranteed.
Join a Business Community
Another way you can do this is by joining a business community. That way, you will meet and share with other business people. Generally, these business communities can be found on various social media platforms or other online forums. You can join and ask questions about suppliers to community members.
Do Research on Wholesale Markets
The last tip you can try to find first-hand suppliers is to do research in wholesale markets. Wholesale markets generally provide goods in bulk or wholesale at a more affordable price than retail. However, not all sellers in wholesale markets are first-hand suppliers. But clearly they sell goods at lower prices. Those are some ways that can be done to find first-hand suppliers. Hopefully it can help KH Friend to find the right and trusted supplier for your business, yes!
Don’t forget to make a supplier agreement!
It is important to remember that the success of a business often depends on the quality and availability of products from suppliers. In this activity, a cooperation agreement is needed that can protect both parties from the risk of fraud or misunderstanding in the future. This agreement contains a description of the terms and conditions of the cooperation relationship between the parties, the responsibilities of each party, and the prohibitions for the parties during the cooperation. The format and content of the agreement are not expressly regulated in the Civil Code, so that in accordance with Article 1338 of the Civil Code, the parties are given the freedom to determine the matters regulated in the agreement, as long as the things agreed do not violate applicable law. In addition, supplier agreements also have several other purposes and benefits, such as:
- Ensure the functioning of security and efficient and smooth business mechanisms for the parties
- As a tool to monitor and control whether the parties have done what was promised or not, or even violate the things that have been agreed upon.
- Prevent problems in the future because the parties can know their rights and obligations, and support the smooth implementation of the business.
- As evidence in the event of a dispute
KH Contact
Well, that’s the information about tips on finding the right supplier for business. Hopefully, the explanation above can help you choose the best supplier and smoothen the agreement process with the selected supplier! READ ALSO:
Things to Consider to Become a Distributor!
If you have found a suitable supplier partner to run your business, you just need to move on to the next step, which is to make a supplier agreement contract. This agreement must protect the interests of both parties and perpetuate good cooperation, thus avoiding conflict between the business and the supplier. To make it, it should be assisted or made by authorized parties or those who understand the law, one of which is a legal consultant such as Legal Contracts. Together with professional experts, we can help you for free consultation on what steps and how the process needs to be done in starting cooperation with suppliers. Not only that, you can also make a supplier agreement at Kontrak Hukum for only Rp900 thousand! Let’s work together safely and smoothly by visiting the KH Services – Supplier Agreement page. If you have further questions, contact us at Ask KH or send a direct message (DM) to Instagram @Kontrakhukum.
