Have you had the experience of reaching out to a factory for pricing or more info, and never receiving a response? If so, you could be making these common ârookieâ mistakes.
A lack of supplier responsiveness is one of the most common complaints I hear from people who are just getting started on their production journey. They can’t understand why anyone would ignore the possibility of new business! But since suppliers are often inundated with inquiries from new start-ups and designers (few of which result in actual orders), they may simply be too busy – or too selective – to get back to you quickly.
So how do you make sure you stand out? Understanding what moves your email or phone to call to the bottom of the priority list is the best place to start!
Here are 5 of the most common ârookieâ mistakes new buyers make when reaching out to potential suppliers:
Sharing your life story in the first e-mail. Keep information about your background, why youâre making the product, the businessâs mission, and your future plans to a minimum. Itâs best to focus on what suppliers care about: the specifications of what youâre trying to source. That said, if you have an order from a large client, or have recently been invested in, it may be worthwhile to share these âwinsâ to communicate your track record. Just be sure that all communications are clear and concise.
Creating too much work for the supplier. Requests for very complicated quotes, such as pricing at too many different quantity intervals, or cost comparisons with a variety of material options, are burdensome for factories to prepare. Especially when itâs not guaranteed an order will result! Stick to asking for what you absolutely need, and consider a simple quote to gauge compatibility before going into more detailed price talks.
Asking for a quote under the supplier’s minimum order requirement. If a supplierâs minimum order requirement is not listed on their website, itâs worth calling or sending a simple e-mail dedicated to this question prior to asking for a quote. Requesting pricing for 50 pieces when a factory requires 500 or more pieces per style is a pretty sure way to ensure that you wonât hear from them!
Reaching out before youâre ready. In order to provide accurate costs, a supplier is going to need certain information about your product, formatted in a way that they can easily understand. This includes detailed renderings or photos of the item(s), CAD drawings, spec sheets or tech packs, and physical samples. If you are at the beginning phases of your business and have not formalized your designs with any of these technical pieces, itâs probably best that you wait to contact suppliers until they are in place.
Being overly concerned with intellectual property. Itâs true that there are a ton of knock-offs happening out there, but people have a tendency to overestimate the number of other people who actually want to steal their idea! The reality is that no matter how nervous it makes you, youâre going to have to part with certain details about your product in order to get accurate cost estimates. Being intentionally vague or using language that implies you donât trust a supply partner can be seen as an amateur move. Likewise, requiring them to fish for the information they need moves you down on the priority list of potential customers. Experts do their research on a vendorâs reputation before even reaching out, provide a simple Non-Disclosure Agreement to potential supply partners, and take necessary legal precautions such as trademarks and patents.
0 thoughts on “How to Make Sure Potential Suppliers Respond to Your Inquiries”
Great Post! I would add however that if a factory is non-responsive to a reasonable request for information, move on. If a factory is giving a poor level of service at the inquiry phase, that will likely translate to a poor level of service during production.
If you have to coerce or beg a factory to take your money, they’re the wrong factory.
You don’t want them to do you a favor by taking your work, only to set it aside when something more lucrative comes along. And this happens all the time!
Look for signals early on about the level of service a factory will provide. This scrutiny will pay off in many ways.
At what point do you ask for a non disclose? When reaching out to a factory it would seem ideal to be specific and to the point with as much detail about the project from the first email so that it would be easy to respond, but even before asking for a quote do you say something like, “hi I would like to get a quote, but would you first sign this non disclose?” … Would this cause a lack of response because from the very first email your asking something of them and they don’t even know who you are? … I am confused as to when the appropriate time is to ask for a non disclose. Obviously its important, but I don’t understand when is the appropriate time for it to be brought up. Thoughts?
I don’t sign NDAs at the prospecting stage because if your first e-mail is already demanding something of me (before we even know if we are a good fit) then this tells me that you are very green and probably difficult to work with
Having established a business relationship, I DON’T HAVE A PROBLEM signing NDAs from CLIENTS
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