Dropshipping – Paying Suppliers – Part 5

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Contacting & Paying Suppliers

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Now that we know of the many ways your can Find Wholesale Suppliers, you should now be on the right track to becoming a Dropshipping expert, or at least learning a lot about the industry. In this industry, like many, contacting & paying suppliers can at times be rather difficult, especially if you're just researching.

Before Contacting Suppliers

So now you know where to look for suppliers there are still a few minor details to remember before you contact them.

Legalities: You will need to provide proof that you’re a registered and legal business to apply for an account in order to see any wholesale pricing. You can find out more about legal issues in our Legal Forum on The Wholesale Forums.

Professional Appearance: Many suppliers aren’t going to go out of their way to answer your questions, especially if you’re not looking to order anything. That’s why forums like The Wholesale Forums offer all of this advice for free.

You also want to make sure you’re not asking for discounts or even wasting hours of their time. You’ll just end up destroying your relationship with that supplier.

Get on the phone: Don’t be scared. You never get anywhere without going the old fashioned way. If anything, because of the way many suppliers work, they’ll most likely be able to answer something very quickly if you just call them.

Paying Suppliers

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Paying Suppliers can be very easy, and they'll will accept payment – usually – in the ways presented below.

Credit/ Debit Cards: Paying by card is still one of the best options in this industry for paying suppliers. There’s no need to write cheques all the time, and a bonus is you can gain a lot of rewards points. However, if you are just starting out you will need to be checked to ensure you are able to pay for the products before paying suppliers.

Net Terms: Net terms are like an invoice. This means you have a number of days to pay the supplier. The days are shown as, Net 10, Net 15, Net 30 and Net 60. Giving you either 10, 15, 30 or 60 days. You may need to provide a credit check to ensure you have no financial struggles.

Pay Pal: This is one that many buyers tend to be more interested in. The pros being PayPal is easier and faster to use, as well as offering buyer protection. A con would be the exchange rates that PayPal has. These can be very ugly. PayPal also allows you to create and send online invoices and it also has 24/7 customer support.

If you're starting out in the industry it'd be best for you to have an idea of keeping basic accounts before paying suppliers.