Tips for Renegotiating Prices and Terms With Your Suppliers
by Carrie Hinkel on March 27th, 2008
Most business owners just accept their vendors’ prices, payment terms, shipping terms, etc. as is, without ever questioning them or trying to renegotiate better terms. But the truth is, as a buyer, you have the leverage to get better pricing and terms – and it’s all just a phone call away. Here’s how: Getting better prices on products There are a few tactics you can use to lower your current wholesale pricing. The first is using an increased order quantity to get a discount. Let your suppliers know that you are willing in increase your standard order size in exchange... Read more »