Benefits Disadvantages Is dropshipping for you?

rewards and bypass the hefty fees PayPal charges.

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8. Finding & Dealing With Suppliers
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Net terms.
This is a more traditional method of paying suppliers, but it’s still 
widely in use today. Under a net terms arrangement, after you purchase products 
you have a certain number of days to pay, usually by check or bank transfer. For 
example, if you’re on ‘Net 30’ terms, you have 30 days after you place the order to 
pay.
You’re probably asking yourself why suppliers use this payment method if they 
don’t get the money upfront. Couldn’t someone run away with the product? 
Suppliers solve this problem by requiring credit references. If your chosen supplier 
uses net terms, you’ll need to provide some relevant documentation when you 
apply for an account.

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8. Finding & Dealing With Suppliers
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Dealing with suppliers
You might be wondering what your responsibilities are when dealing with a 
supplier, or maybe you want to know what the retailer-supplier relationship looks 
like. While this varies from supplier to supplier, there are some general rules of 
thumb to keep in mind when you’re preparing to start working with a supplier.
Be timely with sending in orders.
This is vital not only for your supplier but also for 
your customers. You need to get your customers’ orders from point A (your site) to 
point B (the supplier) in a speedy fashion. Depending on how many sales you get, 
this could mean processing orders daily or, if you’re selling like crazy, outsourcing 
the job to a virtual assistant.
Get to know your contact/representative.
As I briefly mentioned earlier in this 
chapter, a good supplier will assign you a dedicated representative. You’ll want 
to build good rapport with this person, since he or she will be providing help and 
resolving all kinds of issues with orders. If you experience problems with your 
contact, don’t hesitate to talk to a higher up about it. Your rep is an important part of 
the supply chain, and a bad rep could mean orders going wrong. Yikes!

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