Your textile product may be exclusive, but it is as good as the sales it generates for others. When starting any business, the biggest challenge always is reaching the right buyer and making sure that they are genuine. While it is difficult, particularly when exporting to an unknown country, it is not downright impossible. For starters, DMI makes it possible, easy, and convenient. DMI is one of the oldest and largest textile companies in India, providing end-to-end solutions to yarn, fiber, and fabric manufacturers, sellers, exporters, and importers internationally for the last 60 years.
You can seek assistance and support from our trading experts, and we will find and make available genuine buyers for your textile products wherever you wish to sell them. However, this blog will answer that one question of many textile businesses “How to ensure a buyer is genuine?”
Where and How to Find Buyers for Your Textile Business
Our previous blog discussed the process and steps to find buyers for your export textile business. Almost all of them apply to businesses operating regionally and nationally. There is an umbrella of things you can do to find the right source for your textile business. We have mentioned a few below.
- You can build a website and SEO optimize it so that when buyers search using relevant keywords, your website shows in the result section.
- You can also develop a social media strategy on YouTube, Twitter, LinkedIn, Facebook, Pinterest, Quora, Instagram, etc., to reach out to global buyers.
- Direct channels like trade fairs and expos are a good way to meet and interact with buyers and other manufacturers, suppliers, and import-export companies in the textile industry.
- Few other options include government bodies, embassies, and third-party agencies like foreign wholesalers, commission agents, and buying agents. You can also hire your sales and marketing team to cold-call buyers and finalize deals.
How to Ensure an Import Buyer is Genuine
While these methods will help you find buyers, there is no full-proof way to determine the genuineness of a buyer unless they are a notable name in the market. So, how to be sure? We have listed a few tried-and-tested rules to keep you safe in the international textile business market.
- Find your buyers through DMI. Being one of the top textile companies in India with 60 years of experience in trading and supplying all kinds of yarns, fibers, and fabrics to global businesses, we know the market better than any internet source or government agency. We are partnered with 500+ textile companies with businesses in different segments of textile in 80+ countries. So, rest assured you wouldn’t be overshadowed by ingenuine buyers.
- The best way to verify the genuineness of a buyer is by visiting their office, manufacturing unit, or factory. While this is not possible for import-export businesses, this is worth a try if the deal involves a huge transaction. On the other hand, you can try the following methods.
- When searching online on Google, verify the buyer’s location, company address, and phone number.
- Today, social media is a good indication of a buyer’s genuineness. Go through their social media accounts. Check their level of activities and how they conduct business online.
- Ask for website details, certifications, and or licenses they might have. A company registration certificate could be a legible indicator.
- Before closing any order, ask the potential buyer to submit necessary documents that increase trust. Such include import-export licenses or any government trade body certificate. Do not forget to cross-verify them.
- You can also hire reputed private companies who conduct buyer verification for a fee and provide credibility reports.
That said, at DMI, your needs will be sorted from beginning to end. All our associated business partners are credible and reliable sources and have been with us for several decades now. Moreover, you wouldn’t have to run through different channels to collect information about your buyer. We have everything in our database – from their contact details through what they do to what they need from companies like you.
All you need to do is be sure of your product and its consumption patterns; we will take care of the rest.
