Types Of Suppliers知道你的供应商和他们如何可以帮助你的公共汽车iness

Suppliers are essential to any retail business. Depending onyour inventory selection, you may need a few or dozens. Sometimessuppliers will contact you through their sales representatives, butmore often, particularly when you're starting out, you'llneed to locate them yourself--either at trade shows, wholesaleshowrooms and conventions, or through buyers directories, industrycontacts, the Business-to-Business Yellow Pages and tradejournals.

Suppliers can be divided into four general categories.

1. Manufacturers:Most retailers buy through companysalespeople or independent representatives who handle the wares ofseveral different companies. Prices from these sources are usuallylowest, unless the retailer's location makes shipping freightcostly.

2. Distributors:Also known as wholesalers, brokers orjobbers, distributors buy in quantity from several manufacturersand warehouse the goods for sale to retailers. Although theirprices are higher than a manufacturer's, they can supplyretailers with small orders from a variety of manufacturers. (Somemanufacturers refuse to fill small orders.) A lower freight billand quick delivery time from a nearby distributor often compensatesfor the higher per-item cost.

3. Independent craftspeople:Exclusive distribution ofunique creations is frequently offered by independent craftspeople,who sell through reps or at trade shows.

4. Import sources:Many retailers buy foreign goods froma domestic importer, who operates much like a domestic wholesaler.Or, depending on your familiarity with overseas sources, you maywant to travel abroad to buy goods.

Excerpted from开始你自己的生意:唯一Start-UpBook你'll Ever Need, by Rieva Lesonsky and the Staff ofEntrepreneur Magazine, © 1998 Entrepreneur Press

Editor's Pick

Related Topics

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

Too many entrepreneurs are counting too heavily on a company exit for their eventual 'win.' Do this instead.

Business Solutions

Learn to Program an AI Chatbot for Your Business in This $30 Course

Get back-to-school savings on this AI coding course.

Growing a Business

We're Now Finding Out The Damaging Results of The Mandated Return to Office — And It's Worse Than We Thought.

Companies knew the mandated return to the office would cause some attrition, however, they were not prepared for the serious problems that would present.

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Data & Recovery

Get 1TB of Cloud Storage for Life for $119.97 With This Back-to-School Sale

This 1TB Cloud Storage Solution Is Only $119.97 for Back to School

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.