How to Choose a Vendor for Your Small Business

If you're a small business owner, you have probably had to choose at least one vendor. Some make the mistake of selecting the first vendor that they talk to while others always go for the lowest price.

There are other factors to consider, however, and choosing the best vendors can prove to be vital to the overall health and growth of your business.

Here are some things to consider.

Ease of Contact

If you can't get the vendor to call you back even before the sale is closed, forget reaching them once you've signed on the dotted line.

Instead, find a vendor that has time for you and that clearly is going to value your business.

Remember, a good price means nothing if you can't get in touch with someone when you need them.

Price

While price shouldn't necessarily be the most important consideration, it certainly is a factor in your decision. If the price seems too good to be true, it probably is.

A vendor who is bidding way above or way below the average should raise a red flag.

That doesn't mean there may not be a good reason for the difference in pricing, but you should definitely get an explanation.

Experience

Working with a new company can be a great way to save some money. Sometimes, however, you need to work with someone who has experience.

For example, a start up printer may work out fine, but you'll probably want someone with experience when it comes to marketing and advertising.

References

Check the Better Business Bureau, professional organizations and personal references before deciding on a vendor.

If the vendor has had problems in the past, you'll be able to save yourself a lot of trouble by learning from other's mistakes.

Choosing a vendor is as important as any other decisions you'll make - so choose wisely.