You can’t start an online business without a product. And you have to choose the right supplier/manufacturer to get started. The goal of this step is to know where you will get your inventory. It’s time to research the potential manufacturers and decide on the best one for your business.
Among the most popular sourcing options for private-label sellers is Alibaba. Alibaba is the world’s biggest supplier marketplace.This site is a good place to begin your search for an overseas manufacturer who can supply bulk orders of your product. Alibaba is completely safe when you know the signs to look for; you just have to choose the right supplier.
With Alibaba you can buy a single item if you negotiate with a supplier and they agree to sell you one item. It is a wholesale marketplace where you can buy products in bulk affordably. However, the real benefit of Alibaba is the ability to work directly with a manufacturer. You’re able to get high volume discounts and create your own custom products from scratch using your own designs.
Pros of Buying from Alibaba:
When making this choice with Alibaba, you have to make sure that you conduct your research and you choose a legitimate supplier to work with. Alibaba provides its own quality assurance metrics such as its Verified Supplier and Gold Supplier memberships. You can also check the supplier’s product page where you can view information such as their response rate and the number of transactions they’ve had in the last six months. At a minimum you want to make sure that your private label supplier meets the following requirements:
You want to keep your money as secure as possible. So checking all these boxes is a way to make sure you protect yourself when looking for a good supplier.
Check out these tips and guidelines in finding the perfect supplier(s):
After communicating with each supplier, narrow down your list to two or three suppliers that you want to work with. Then, request for product samples from each of them. You may also want to buy some competitor products off Amazon for comparison. After reviewing everything, you can decide on which supplier to work with. Once you find a product you want to buy, you’ll need to reach out to several suppliers. In your conversations with suppliers, you’ll want to do 3 things:
You’ll agree on a price, then you can place your order. The inventory will arrive shortly afterwards and you’ll be able to start selling online.