Drop shipping is one of the most lucrative business models out there. Apart from being an inexpensive way of starting and operating a business, it is also one of the easiest ways of running an ecommerce business. However, finding the right drop shipping suppliers can be a huge challenge. You need to consider various factors and review the existing wholesales in the market. With that in mind, here is how you can find appropriate suppliers for your drop shipping business.
Conduct Online Research
The most straightforward way of finding dropshipping suppliers is conducting an online research. Once you have identified your product niche, search for the wholesalers and suppliers of in that niche on Google and other search engines. Go a step further by looking at their reviews and identify the kind of reputation they hold in the market. Find their contact and reach out to the available suppliers to find out more about their services. You can also try to find the contacts of business owners who have worked with them in the past to find out how their experience was.
Use the Services of an Aggregator
An aggregator is a company that provides listing of available legitimate suppliers for online businesses. They are an effective option because they conduct all the research about wholesalers and list only the legitimate ones. If you lack the expertise, time or necessary resources needed to research online wholesales, then an aggregator is the right options for you. This is a great way to discover the available dropshipping suppliers in your product niche and learn more about their operations. Since they have already screened the suppliers on your behalf, it is easy to choose a supplier who will meet your standards and needs of your business.
Reach Out and Contact Manufacturers
Like most drop shipping businesses, your business will probably focus on specific types of products. You may even focus on a single product that interests you or your customers the most. An easy way of finding suppliers is contacting the manufacturers directly. If you are specializing in a single brand or a particular niche of products, you can reach out the to manufacturers. This gives you the opportunity to find out more about the product and a list of wholesales that the manufacturer works with. It also means that you will be working with legitimate suppliers if you get the official list of wholesales directly from the manufacturer.
Follow Your Competition
Since no business operates alone in the marketplace, you can learn a lot from your competition. Conduct a competitive analysis and research where they source their products and who their biggest suppliers are. This saves you the struggle of conducting exhaustive research by yourself since they have already done the hard work for you. An easy way of identifying the suppliers that a competitor is working with is ordering their product. When the product from the competitor arrives, you can analyze it and trace it to the supplier who shipped it. You can then contact the supplier and build a relationship with them for future business interactions.