Sales
Hi, I would like to source a cheap ultra high quality products, to be verified in advance by independent verification agent who does sourcing inspection related to quality and accuracy, and ship them for higher price to the companies needing those products to solve whatever problem they have (e.g. required material to produce the final product). I plan to hire consultants here who would explain me step by step how to build the trust and reliability to get the deal approved with those companies even as individual stranger (suggestion by far beyond sending them a sample in advance). However, I am at the stage of one step before that. In fact, multiple steps before. How and where do I find out what large companies are currently buying, e.g. in smaller quantity? I said smaller because my budget what to buy from Alibaba to have this shipped to the company (and obviously change the label so it's not seen that is is coming from China) is very limited and I only want top quality products to be delivered so companies (my prospective clients) could really benefit from my help. But how do I research on what those companies are currently buying?
4
Answers
over 20+ years experience
To find what large companies are currently buying, utilize multiple resources. Start by exploring industry reports and market research from firms like Gartner, Nielsen, or Forrester, which often highlight purchasing trends. Monitor press releases and financial statements of large companies for insights into their procurement strategies. Attend industry trade shows and conferences to network and gather firsthand information. Use business news websites and trade journals to track announcements of major contracts and partnerships. Additionally, consider leveraging professional networks on LinkedIn and joining industry-specific groups to stay updated on procurement trends and corporate purchasing behaviors.
Answered about 2 months ago
Founder of American food companies.
You can get the data you are looking for by buying subscriptions at a very high price from various research companies.
However, before starting to spend money, the "cheap, ultra-high quality products" is an oxymoron. Cheap and high quality products do not exists. You get what you pay for.
Also targeting large companies while drop-shipping via Alibaba will have a zero conversion rate.
IMO you need to re-evaluate your concept.
https://z-niche.com/2020/02/21/how-to-evaluate-an-idea-for-a-start-up/
Answered about 2 months ago
“I am Me.
To find out what large companies are currently buying, you can use a variety of strategies and resources:
Research Strategies:
1. Industry Reports and Market Research:
- Market Research Firms: Companies like Gartner, Forrester, and IBISWorld provide detailed reports on industry trends and procurement needs.
- Trade Publications: Subscribe to industry-specific magazines and journals that often highlight current buying trends and needs.
2. Public Procurement Databases:
- Government Contracts: Many large companies bid for government contracts, and the details of these contracts are often publicly available. Websites like the Federal Procurement Data System (FPDS) in the U.S. can provide insights.
- Corporate Filings: Publicly traded companies disclose procurement details in their quarterly and annual reports (10-Q and 10-K filings).
3. Networking and Industry Events:
- Trade Shows and Expos: Attend industry-specific trade shows, expos, and conferences where companies often discuss their procurement needs.
- Industry Associations: Join industry associations and attend their meetings and networking events.
4. Online Marketplaces and Platforms:
- B2B Marketplaces: Platforms like Alibaba, ThomasNet, and GlobalSources can provide insights into what products companies are sourcing.
- Supply Chain Platforms: Websites like SupplyChainBrain and Procurement Leaders offer articles and insights into corporate procurement trends.
5. Direct Outreach and Surveys:
- Cold Emails and Calls: Reach out directly to procurement departments of large companies to inquire about their current needs.
- Surveys: Conduct surveys targeting procurement professionals to gather data on current buying trends.
Verification and Quality Assurance:
1. Independent Verification Agents:
- Hire independent agents or firms specializing in quality control and sourcing inspections. Companies like SGS, Bureau Veritas, and Intertek offer these services.
2. Product Samples and Certifications:
- Request samples and quality certifications from suppliers on platforms like Alibaba.
- Ensure products meet international standards and certifications relevant to your target industry (e.g., ISO, CE, FDA).
Building Trust and Reliability:
1. Professional Website and Branding:
- Create a professional website that highlights your commitment to quality and customer satisfaction.
- Showcase testimonials, case studies, and any relevant certifications or partnerships.
2. Consulting Services:
- Hire consultants with experience in corporate procurement and supply chain management to guide you on best practices for building trust and credibility.
3. Value-Added Services:
- Offer value-added services such as customized packaging, reliable logistics, and after-sales support to differentiate yourself from competitors.
By leveraging these strategies, you can identify what large companies are currently buying and position yourself as a reliable supplier of high-quality products.
Answered about 2 months ago
Am a straight forward person
Here are some large companies and their recent purchases:
*Microsoft: invested $10 billion in OpenAI, the creator of ChatGPT
*Saudi Aramco: invested $500 million in MidOcean Energy, a liquified natural gas (LNG) company
*Broadcom: acquired VMware in November 2023
*Eli Lilly: acquired Sigilon Therapeutics, Versanis Bio, and DICE Therapeutics in August 2023
-*Tesla: no recent purchases mentioned, but they did deliver the first Cybertrucks to 10 buyers on November 30, 2023
-*UnitedHealth Group: no recent purchases mentioned, but their subsidiary, Change Healthcare, was the victim of a cyberattack in February 2024
Would you like more information about any of these companies?,call me for more enquiries
Answered about 2 months ago