B2B Online Trading Tips for Apparel and Fashion Buyers

The apparel and fashion industry is one of the most growing industries in the world. Be it kid’s, men, or women apparels, uniforms and unisex apparels, fashion and apparel segment rules the industry. Apart from being fashionable and glamorous this industry requires all types of online and offline skills to keep going and to stay on top.

Nowadays, presence on the B2B marketplace helps the fashion and wholesale clothing to reach different segments of society irrespective of the geographical limitations and bridge a gap between clothing manufacturers and a potential buyer.

In order to have a smooth sailing through a B2B channel, here are some security tips that every buyer should keep in mind while conducting a trade with a supplier:

Identification check of the Supplier And Company:

The best way to check the authenticity and to reduce the risk of fraud while trading online is to conduct proper due-diligence before entering into any transaction. Although B2B marketplace is an easy medium to get connected with the relevant suppliers, lack of in person meetings to carry out business makes it necessary to conduct proper research before setting up any trading relations with the supplier.

Here are some steps to reduce the risk of supplier’s fraud:

A complete company profile consists of information which can be both verified and unverified. Here are few must follow steps to know the authenticity of a supplier:

Company Name along with city and province

Business type: If its manufacturer it means that the supplier is only selling products it manufactures. Manufactures are equipped and trained in specific production lines because of which they are highly specialized in their specific product line.

Trading Companies: There are some trading companies, which are independent while others own, or are owned by a manufacturing company. Although everybody tries to avoid the middleman, there are many companies in world which export their produce using Trading companies. Here is where trading companies play an important role. There can be some companies which offer no added value and dealing with those suppliers will only raise your costs.

Checking the quality of the product

It is said that a good manufacturer is not the one who is completely free of quality issues but the one who is constantly monitoring the quality during productions. Make sure that the supplier guarantees you to get back to you on time if the clothing purchase turns out to be defective and should have a proper system in place for how to manage the quality issues of clothing material. According to ISO compliance a product requires more than having a quick check before they are packed and shipped. Every supplier is required to inspect the raw materials and components before production, set up inspections during production and does a final supervision after production.

Garment Sampling

Apparel and clothing samples are very important and are meant to be developed, tested before starting the bulk production. Sampling is one of the main processes in apparel and fashion industry and plays a vital role when doing business online. As buyer place the final orders only after verifying the quality of samples.

The sample decides the ability and perfection of an exporter on how he carries out the business. It helps the buyer to judge the exporter and the organisation he belongs. If the samples are of good quality and at a reasonable price, it will naturally attract the buyers to place the order.

Doing business on a B2B portal can be a relatively new frontier but if not negotiated strategically can result in added costs and extra work hours for both a manufacturer as well as a buyer.

Significance of Product Reviews When You Shop

Nobody hates shopping. All age groups like to shop though they have different wants and needs. It is a necessary thing to do for every individual to support his daily living. Everybody loves to shop in department stores and shopping malls.

Recently, consumers are becoming more specific and wise in purchasing variety of goods or products. Every shopper checks the items thoroughly first before buying it. However, at some point, we are being careless and spending too much in an item for the sake of having it. Watch your savings. Do not be impulsive in shopping. Take your time doing product reviews so that you won’t regret anything in the end.

To have an effective product review, search to the Internet about the product you want to procure. Internet has no limitations with regards to information dissemination. It has the latest updates about the availability of products in the market. Have a thorough research of the item and learn its features and benefits. You can also compare two or more brands with the same purpose. Have a brief and approximate review of those products before you will decide to finally choose one. You can have your checklist so that you will be able to compare the products’ features clearly. List the pros and cons of a particular product. There are available websites in the Internet where you can see the product’s rating. Today, buyers use search engines just to get the information that they need. You can also see some of the comments in the company’s website or even in personal blogs made by previous consumers.

When you are doing a product review, it is very essential that you are knowledgeable enough and well-informed about the product. Know the item in full details. The item you are looking for might be faced out already in the market or had been replaced with new upgraded item. Always verify the price and the shipping fee if you want to purchase it online via delivery.

Be aware that there are so many existing producers, manufacturers and companies who offer the public almost the same product. Product review can help consumers to select. All companies have their own and unique advertisements to promote their products. It will be a waste of time and money if consumer will buy different kinds of brands which only serve one purpose. That is why reviews will be of great help to consumers to help him come to a decision.

Be very careful when searching for product reviews online. Some are just bogus ideas or comments to encourage shoppers to go for that item. Double check the genuineness of the review. Global crisis is very prominent nowadays which affects our economy. It is not that easy to look and earn for money so be meticulous enough before spending your savings in a specific item especially if the item is a bit expensive.

Product reviews play an important role not only to consumers but also to the producers. Some deals are being made through an effective and efficient review.

What Is a Retail Buyer?

At first glance, the term “retail buyer” may be mistaken to be the customer in a market setup. But in fact, being a buyer is a profession and there are people who were given the gift of being able to determine what the real customers want. If you are still puzzled about what exactly a retail buyer does, this article will help you understand better. Who knows, you might end up seeing your potential to be a buyer yourself.

Basically, a retail buyer is a business professional who purchases products intended to be sold in a retail store. Aside from this, he is responsible of analyzing the buying trend that customers follow, studying the market and determining the latest products. For instance, a fashion buyer in the clothing industry is responsible of spotting the latest fashion trends that will pique the attention of a store’s target market.

There are different aspects that determine a retail buyer’s job. Basically, the buyer must negotiate with the wholesalers and suppliers and make sure that the contract they will be dealing with is the most competitive one. For example, if the buyer finds an electronic device or gadget and knows that it fits the establishment’s market demographics, he or she must negotiate with the supplier until the device can be purchased at the lowest price possible. Ultimately, the retail buyer also brainstorms with the store’s financial operator and decide how much the product will be sold to customers.

The buyer is also given the task of managing the store’s stock inventory. If a product is selling well, the buyer needs to see to it that the product will stay in the inventory until customers are patronizing it. Basically, if the product is still on trend, customers will purchase it from another store if they do not find it in the buyer’s establishment. Thus, it is necessary for a retail buyer to manage the inventory well.

What can be considered as the most critical part of the job is forecasting the market trend. To do this responsibility well, the buyer must sit down with market analysts to determine how much budget people will spare for their shopping spree during a particular quarter of the year. This analysis will help the buyer settle if the price point for the products will be lower or higher. Essentially, the retail buyer must know the type and kind of products that customers will purchase.