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FAQ - Frequently Asked Questions |
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- What is the website all about?
- How to become a member? Is it free?
- Who are allowed to register?
- What is the use of the directory?
- How to use the directory?
- How do I know which of the companies in the directories are legitimate and trustworthy?
- What are the things to be posted in the forum?
- How can I post in the forum? And who can see my posts?
- How can my profile help me in my marketability?
- What other things does my profile do?
- What is the advantage of joining this B2B marketplace compared to others?
- What is B2B marketplace?
- What transaction does B2B marketplace provide?
- What are the pitfalls of a B2B marketplace?
- How is the payment being done?
- Will the website be held responsible for any fraud or scam?
- What is drop shipping? How is it being done?
- Advantages of drop shipping?
- Which of the two has the advantage, the distributor or the retailer?
- Pitfalls of drop shipping?
- What are the guidelines in choosing good distributor?
1. What is the website all about? This website gives opportunity for small businesses and individuals not only to earn but to extend their contacts. Communication is a must in a business. This website contains a wide variety of legitimate sources that you can find in the directory.
2. How to become a member? Is it free? Yes, it is FREE! Just click register located on the upper left of the homepage. Fill-up the necessary information and submit it. A verification e-mail will be sent to you to activate your account so be sure to give a valid email address.
3. Who are allowed to register? This is for everyone as long as you have the interest, you’re in.
4. What is the use of the directory? This is where you can find different sources, suppliers and distributor for your business.
5. How to use the directory? On the right side click the directory tab. The products that you are looking for are already categorized. You just have to choose which of them is best for you.
6. How do I know which of the companies in the directories are legitimate and trustworthy? You can refer to other users’ opinion since posting review and voting features is allowed.
7. What are the things to be posted in the forum? The forum is categorized to avoid irrelevant topics and confusion. You can view this on your preferred settings by going to your profile. -General Chat: You can talk about any business related topic that doesn’t fit the other category. -Startup your business: You can ask for tips and guidance on how to start your business in this field. -Testing your biz partners: You can share your opinions about your distributor, drop shippers and business partner here according to your experience working with them. Or you can ask other user’s experience and opinion too. -Marketplace: This where things related to drop shipping and wholesale products are being posted. You can either look or offer your services here.
8. How can I post in the forum? And who can see my posts? You just have to register. You can add a post with different topic or reply to a post. Be sure that you’re post is on the right category. Everyone can see your post including the guests.
9. How can my profile help me in my marketability? The website allows the profile visiting feature you can also monitor how often it is being visited. You can also post links or ads that can help you to gain more exposure. And be sure to put a valid contact details especially the email address. You may choose to or not put other private information about you.
10. What other things does my profile do? It is here where you manage your actions and connections.
11. What is the advantage of joining this B2B marketplace compared to others? There are several articles posted by real users to help you find your line of interest and will not only teach you run the business but will also give tips on how to be a good buyer. There are also directories that will directly bring you to a service provider’s page. Most of them are well known so there is not much of a risk. Most of all. They don’t charge you with anything, this opportunity is perfect for starters so why join other B2B market place?
12. What is B2B marketplace? This is where business exchange services, information, or products with another business, instead of business to consumer. Whether you’re a service provider or looking for a source, you’re on the right place.
13. What transaction does B2B marketplace provide? -It can serve as the broker between someone looking services or products and a reliable provider. -It provides precise information about a company and their field of specialization for much better evaluation. -You can make biddings to obtain services for a reasonable price. -You can set-up your own online.
14. What are the pitfalls of a B2B marketplace? a. The efficiency of the product – Will it work the way I expected it to be? Will it last for a long time? Solution: *Look for a warranty. *Read reviews about the product or the service provider. *Ask for referrals. *As much as possible try to watch product demonstration. b.Shipment risk- Will it be delivered on time? Solution: *Ask for client’s comment. *Use service legal agreements. c. Financial risk- Is it really worth it? Can I get it on a cheaper price? Solution: *Look for providers that offer installment payment. *Ask for referrals. *Visit the forum and ask other users.
15. How is the payment being done? It depends on what you and your partner’s agreement.
16. Will the website be held responsible for any fraud or scam? Definitely no, only the author of the respective post or page might be liable. The website serves only as the mediator. The only thing we can do is block the particular company or page from posting again in this site.
17. What is drop shipping? How is it being done? In this kind of technique the retailer doesn’t need a huge sum of salary in order to start a business. The retailer simply makes arrangement with the customer and takes all the necessary funds including the fee (eg.product is 20$ and shipment fee is 3$), after then the retailer will inform the distributor the ordering details. The distributor will deliver the product to the customer with your name on it and the fee will be charged to you with a much cheaper price, since you will be paying only for the wholesale price and the shipment free (eg.15$ for the product and 3$ for shipment). So over all you made 25% profit. (profit percentage may vary)
18. Advantages of drop shipping? -No inventories needed. -Continuous circulation of cash. -You buy at wholesale price and sell at retail. -Distributor will consistently provide product information and inform if there’s a new product.
19. Which of the two has the advantage, the distributor or the retailer? Both benefits! The distributor can gain more outlets through the retailer and so for the retailer who gains percentage profits from arranging.
20. Pitfalls of drop shipping? -In some instance back ordering may occur, it happens when a retailer requested for a shipment in the distributor but the product is sold out. The delay that it will cause can affect the reputation of the retailer. Solution: Look for a distributor that will always update retailers regarding the availability of the product on the market. -And the most usual problem scam. Some will tell you that their product is in the wholesale price but the fact is it’s almost the same as the retailed price. Solution: Look for a legitimate distributor and visit the forum to ask for price updates. -Also watch out for the shipping and handling fee, others may charge too much that will leave you only a small amount of profit.
21. What are the guidelines in choosing good distributor? -Majority of them will ask for your Tax I.D number. -If you are outside the U.S they will ask for some local business registration. -Be aware of those monthly fees. You don’t have to pay in order to sell their products. -Be sure that the drop shipper use method of delivery such as FEDEX or UPS, or other well trusted delivering companies. -Ask for warranty or policy of returns and exchange regarding a defective product.
For further questions, use the contact form!
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