Make Your Business Successful - How Can You Get The Best From Your Suppliers?
Make your business successful should be a mantra that every business owner tells themselves each morning. Positive thinking is a start, but what else can be done to ensure a growing, successful business? Suppliers are key when it comes to pricing, and pricing is key when it comes to success.
Are you getting the best price from your suppliers? It might be possible to get better prices, so it is worth considering. Better prices mean better profit margins for you. Those who know how to be successful in business know that it is important not to stick to just one supplier if the costs aren’t working for you. Even if the money is fine, it is still worth checking other business suppliers; you may be able to get even better prices elsewhere. Another tactic that those who understand how to make a successful business use with suppliers is to offer a larger upfront fee in order to get a bigger discount in the final invoice. Suppliers will be happy to receive a larger percentage earlier, and will therefore be more open to negotiation. If they aren’t, look elsewhere. You may not realise you are in a negotiation, but sometimes you are – and the supplier’s first price may not be their best one. If you accept the first offer, you could be missing out on some great discounts. Therefore, you should make it a rule to always counter your supplier’s offer with one of your own – they can, after all, only say no. And they might well say yes!
I-Thrive knows about business. We know about how to make a small business grow, and we understand the pitfalls associated with doing just that. If you want to make your business successful then why not contact us for advice? Call us on 01223 967260 or visit our website for more details: https://www.i-thrive.co.uk/.