subject: The Saga Of The Buyers Getting Caught Up In Scams [print this page] Wholesale frauds are nothing new - in fact, they have been around since the industry began! For every legitimate supplier that is trying to make an honest living, there seems to be two fraudsters trying to con every buyer that comes their way. Traditionally, it was slightly easier to catch these scamsters since they would usually leave a paper trail. Today, the internet has made it easier for such frauds to run their con and disappear. This is why suppliers should carefully choose their supplier source and deal with legitimate and customer-friendly wholesale directories like wholesaledeals.co.uk.
A New Breed of Business Meeting
The reason why sites like wholesaledeals.co.uk insist on supplier verification is because so many unverified suppliers end up running scam operations. In the real world, people would be slow to seal a deal with someone they have only interacted with via telephone. This is not just about seeing the supplier; its also about establishing that the supplier has authentic contact information as well. Most people will also run a background check on their supplier before setting up a meeting.
One of the reasons why a buyer scam succeeds is because there has been no background check on the supplier. Wholesaledeals.co.uk understands the importance of this, which is why they only work with verifiable suppliers. When dealing with suppliers online, its easy to forget that verifiable contact information is still top priority. Its not enough for a supplier to have an email address or a cell phone number. A reliable supplier will have authentic contact information and will have no problem with answering certain verification questions.
Buyer Beware!
The average buyer fraud can also be traced back to a buyer who just wasnt careful enough. The online world may have made the wholesale business a little easier, with the advent of online trade directories and sourcing sites. That doesnt mean, due diligence is no longer required! In fact, interacting in the online world requires even more care than usual. Buyers should research their product thoroughly and understand their market in the best way possible.
A number of buyer scams could have been avoided if the buyer just asked a few more questions. Even when working with suppliers from wholesaledeals.co.uk, never take it for granted that the supplier will deliver certain things, or that things will proceed in a certain way. This is usually how people end up with unpleasant surprises later on. Its best to get everything clarified with the supplier ahead of time. While legitimate suppliers will have no issues with the clarification process, the frauds will always get cagey when questioned.
Make no mistake, the process of verifying suppliers can be very time-consuming and frustrating. In fact, it can often lead to dead ends as well. This doesnt mean that it is not necessary. For those who havent got the time or resources to do their own verification, it helps to work with sites like wholesaledeals.co.uk. Since they use their own process of verification, there is no chance of getting caught in a scam. This site even offers its own sourcing feature as well.
by: Alvis Richards
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