If you’re a professional looking to expand your business or revenue opportunities, then finding kitchen faucets wholesale is an easy way to expand what you’re already doing. When you know exactly what you want, it’s easier to find the right supplier.
Before you get started, however, it is important to understand how the distribution channels for kitchen faucets work. Wholesalers may not service your specific market. You may be required to purchase directly from the manufacturer. For faucets like Grohe and Hansgrohe, you may even be asked to work with an exclusive importer.
Distributors can be set up for local, regional, or national opportunities. Each area has its own unique channels, so get to know them and your market before beginning.
Then follow these tips for success.
#1. Know the minimum order requirements. Whether you work with the manufacturer, an importer, or a distributor, there is likely going to be a minimum order requirement to follow. Those minimums are set quite high to ensure only interested parties are distributing the product. Buying a larger number of faucets per order can improve your profit margin, but will also increase your initial investment.
#2. Build a relationship. What ends a business before it begins is impatience. Businesses focus their efforts on their paying customers first. If you’re just looking at wholesale opportunities, then you aren’t a paying customer. It may be 15 business days before you receive a response to your query for pricing, minimum requirements, and other questions you may have. Do follow-up after 15 business days. Do not send an email every day demanding answers.
#3. Look to purchase verified wholesale lots. If you’re just exploring a market opportunity for kitchen faucets, then a full-fledged relationship with a distributor, importer, or manufacturer may not make sense. For a trial run, try looking for a wholesale lot that may be available online. You can sometimes find them available on Amazon and similar e-commerce platforms. Always verify the authenticity of the product before purchasing a lot and make sure you have return guarantees.
#4. Don’t be afraid to go overseas. There are several B2B marketplaces that connect international manufacturers with local businesses. Setup search terms on verifiable marketplaces, such as Alibaba, Global Sources, and EC21 to provide alerts when new products that meet your expectations are listed.
#5. Get active on industry forums. You spend time building local networks. To find great kitchen faucets at the wholesale level, you’ll need to build an online network too. Subscribe to distributor newsletters. Join forums. Contribute to industry groups. Updated your LinkedIn profile to include these efforts. With more channels, you have a better opportunity to find new resources.
#6. Go to a trade show. Making connections is expected at trade shows. These events are intended for professionals such as yourself. It’s also a chance to speak face-to-face with the people who can provide you with the products you want without any distractions.
When you’re first getting started, it can be easy to make a mistake. It isn’t easy to build a supply chain. If it were, everyone would do it because it’s a fantastic way to improve your revenues. By following these tips and building networks in the B2B and B2C worlds over time, you will have the best chance to experience the success you want.