How to find a supplier or manufacturer for your product

How to find a supplier or manufacturer for your product
October 13, 2019 Paul

How to Find a Supplier or Manufacturer for Your Product

How to find a supplier or manufacturer for your product - Venubi Marketplace

Here is how to find a supplier or manufacturer for your product

How to find a supplier or manufacturer for your product can be a hassle, but that is all changing.

In today’s technological age it still takes extensive amounts of time and research to find a textile supplier that meets one’s requirements.

For startup companies or established companies, finding a supplier can be painstaking.

At present, buyers only have a few options regarding methods of finding a new supplier for their company.

That includes doing exhausting internet research, visiting trade shows, checking local libraries, database searches, and word of mouth. 

All of which consumes time and money. 

So, If you’re wondering how to find a supplier or manufacturer for your product here is how. You use a B2B textile specific marketplace like Venubi.com.

Or, if you rather do things the old way here are some of those options, too.

 

The Good Ol’ Internet

The first and most likely option one might think of nowadays is the good-old internet. 

One can potentially find hundreds or even thousands of textile suppliers in the world with just a few clicks. 

The issue with the Good Ol’ Internet is that most of the information you need to make a decision is spread out. We’ve covered information sprawl in this other post and you should take a look to learn more. 

Also, when it comes to searching the internet, if one doesn’t find the answer in the first 5 to 10 results (the first page) then the search filters must be refined. 

This process can be tedious without one knowing how search engine algorithms work and many suppliers have the same issues; they don’t know how to establish themselves to ensure that they are at the top of search results.

Should I outsource or source domestically?

However, when deciding the sourcing route, the first question that might be asked is, “should the company shop domestically or import?” 

The answer to this first question might be decided by price, for instance. Or, maybe after consideration, you’ll find what we’ve discovered; the advantages and disadvantages of both.

Either way, trying to get an answer from a manufacturer or supplier rep can take weeks. So, we’ve broken down a few of our findings for you to be aware of. 

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So, If you’re wondering how to find a supplier or manufacturer for your product here is how. You use a B2B textile specific marketplace like Venubi.com.

 

Sourcing Domestically

Advantages of sourcing domestically.

    • Higher manufacturing quality 
    • Ease of communication 
    • Marketing appeal of being made in the United States 
    • Verification of reputable manufacturers 
    • Faster shipping
    • Reliable payment

Disadvantages of sourcing domestically.

    • Higher manufacturing costs 
    • Fewer choices in products 

 

Sourcing Overseas

On the other hand, you can also choose to import your products or goods from suppliers overseas. Below are some advantages and disadvantages to be aware of if you select this route. 

Advantages of sourcing overseas

    • Lower manufacturing costs 
    • Many manufacturers

Disadvantages of sourcing overseas

    • Lower perceived quality 
    • Language barriers 
    • Time differences 
    • Shipping time 
    • Ordering samples
    • Cultural differences 
    • Taxes 

 

Quotes and Quotes and Quotes

Moving forward, once you decide if you’ll import or shop domestically, next you’ll have to get quotes. 

And, when getting quotes from potential venders, one must consider minimum order requirements. 

Minimum order requirements are enforced by suppliers to make sure that the quantity being purchased makes financial sense for the supplier. 

If the order does not meet the vendor’s minimum, then the process must start all over again. And, you’ll have to begin qualifying suppliers all over again.

Finally, if everything has fallen into place thus far, it’s time to start negotiations with a sales representative.

           

Other ways on how to find a supplier or manufacturer for your product

Trade shows

Another option while looking for a new textile vendor is the traditional trade show, for example. 

Some advantages of trade shows are that you get to speak with a representative on-site, compare products immediately, and possibly negotiate terms on site. 

But, the disadvantages of trade shows are that they are few and far between. Essentially, it could be next year or several years before another trade show comes to your area. 

Additionally, trade shows are also losing their luster. They lack in value.

Textile manufacturers are choosing to not attend the show anymore, making it difficult for buyers to negotiate against competitors. 

Plus, trade show vendors are also limited in the products they bring. If the vendor is wise, they may show you the latest and the greatest. 

However, many times you’ll learn that the products they display are items they are trying to get off their shelves, quickly. 

Finally, not all suppliers go to trade shows because of geo-location. It is possible that a smaller manufacturer from California won’t attend a trade show in South Carolina, which further limits one’s options.

 

Databases to search for suppliers           

Next, a possible option is using local libraries and databases.

The best thing about searching databases is finding content on “new” or “relevant” information in the industry. 

Searching the database of a new type of fabric being engineered that might suit one’s venture, too. 

However, databases like Thomas are not really designed as a shopping catalog. Thus making it not very beneficial unless one is looking for new technologies in the industry.

And, if you’re used to using databases or directories, you know just as well as we do that companies are slow to update their information. 

You know what we mean, right?

Practically speaking, you’re spending time searching through databases only to find that the supplier no longer exists. Painful, I know. 

 

So then, what is Venubi and why use it?

Venubi helps buyers like us locate, qualify, and buy directly from manufacturers and suppliers. 

Of course, you can always do things the hard way, but why do that when we’ve created a marketplace for you to thrive in?

Venubi Marketplace was created because we’ve all needed to source new vendors while having limited resources, at some point. 

The goal was simple. We’ve set out to make purchasing easier for buyers, purchasing agents, managers, and decision-makers of products. 

How?

By making and providing a tool to buyers that make their work tasks easier.

 

Here are some cool tidbits about Venubi Marketplace.

Ordering with Venubi is the future of the textile supply chain. Buyers like you can search the marketplace and source a supply chain with reputable manufacturers. 

And, if you need to verify the credibility of the supplier or manufacturer, Venubi uses 3rd party tools for this. 

Or, you can simply use Venubi’s rating system and comment section to learn more about suppliers. 

Feel free to browse manufacturers by county, state, product, or cost in mere moments. 

See the advantages of Venubi including, global competition, ease of use, rating systems, tiered pricing embedded, and more. 

The best part about Venubi Marketplace is that buyers can join this closed community for free. 

You should try it out!

 

 

Paul Mojica

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