Here at Chispa Magazine, we love to help support entrepreneurs and business people every day. We want to help you find that edge that will put you ahead of the game! We’re here to help you make the most of your potential, and take your business to the next level. We know how tricky it is. We’ve been there ourselves; running a business is one of the hardest things you can do.
Business concerns drain you financially and emotionally, especially when you’re determined to make it a success. One of the things we always found useful was creating a strong network of suppliers. Most businesses rely on some form of supplies to function, and keeping on top of them is often a nightmare. However, creating a reliable network of suppliers was one of the best things we ever did. Here’s why.
It keeps costs down. By keeping close relationships with your suppliers, you can keep the costs to a minimum. By proving you’re a trustworthy, reliable customer, they’ll be the first to offer you deals and discounts. Having lots of contacts here also means you can shop around. You can pick up the phone to a number of different suppliers, and strike the best deal. Networks of friendly connections and colleagues will always help keep your finances in check.
Good quality. Your product or business is only as good as the suppliers that stock it. Let’s say you run an online store, and you rely on suppliers for your products. Your business is only as good as those products you ship to customers. We’ve heard the same story from manufacturing companies. If you manufacture a product, you need to look for the best possible component parts. Everything from the fabric to the zippers must be the highest quality.
Speed. Every business will experience a rush of orders at some point. It’s an exciting time, because your business is clearly thriving. But, it’s also worrying, because you need to fulfill those deliveries fast! That means calling up your suppliers and asking for a rush order. Our manufacturing friends at CCTY Bearing say they receive these sorts of rush orders regularly. With a good relationship in place, your suppliers will happily make time for you. They’ll prioritize your order, and you’ll get your goods.
Contacts. It’s always worth remembering that your suppliers are at the heart of your industry. They’re at the core of innovation, creating highly specific, quality goods. They have a ton of connections across the entire market. By building a strong relationship, you can ask them for introductions to other useful contacts. They might even recommend you to a potential client, or guide you towards other opportunities. Everyone in your industry has the potential to lead you to the next big deal. So, start building that relationship, and get to know more people in your industry.
Speaking to suppliers isn’t a chore. It’s a core part of your business. Take the time and effort to build lasting, meaningful relationships with these companies. They’ll help support your company, and capitalize on new opportunities.
Photo by Clark Street Mercantile
Mia Guerra
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