If your religious retail store has enjoyed smooth relations with your supplier for some time, it might never occur to you to wonder whether that supplier really has your best interests at heart. Is it possible that they've actually gone into business against you by selling their own products directly, skipping the middleman and effectively raiding your customer base? Let's look at how to identify a competitor in sheep's clothing -- and some smart ways to respond to this potential threat.
Do Your Homework
Google also makes several research tactics available. For example, you can Google your supplier by name to see if any wholesale outlets appear in the search results. You can also go to Google Alerts and set an alert for any breaking news involving that supplier, or search Google Trends for any recent spikes in online interest.
Market Yourself as the Better Choice
Stop and ask yourself what you have that your supplier doesn't. For instance, do you maintain a regular brick-and-mortar store staffed with friendly, knowledgeable sales reps, while your rival only sells online? If so, you've got a valuable selling point in your favor, one that adds instant value to your clientele and may make you a more desirable option. Do you have multiple supply channels that provide you with a wider range of items than your supplier can manufacture? That's another big plus on your scorecard.
Do you offer products or other
specialties that your competitor can't?
Work With a Dedicated Supplier
Make it your responsibility to know how your supplier works, and whether you need to be worried about the prospect of being undercut by that supplier. If you suspect the worst, then maybe it's time to go shopping for a more trustworthy vendor partner -- and you might as well start by viewing our selection!