How Alibaba.com RFQ can help you with getting more potential leads to your business

According to the research, only 29% of buyers want to talk to a salesperson to learn more about a product, 57% of buyer decisions are made before speaking to a supplier and 34% of salespeople admit that closing deals are getting harder.

Source

Let us introduce you to a tool provided by Alibaba.com that can help you to reach potential buyers with ease now!

What is Request for Quotation (RFQ)?

An RFQ is known as a request for a quotation, it is a tool that B2B buyers use when they intend to engage with sellers on the pricing of specific products. Sellers will receive details with specific requirements or features of the product that prospective buyers are interested in. Every request is first reviewed by Alibaba.com's industry experts before being made available for you to bid on.

What are the benefits of Alibaba.com RFQ?

• Exposure to millions of buyers - Up to USD $30 million potential orders reached every hour
• Easy access & reach- Connect with ready buyers looking for products like yours
• Quickly find the right buyers - Up to 100 RFQs submitted every minute
• Efficiency- Quote multiple buyers in one place
• Time-saving - Close deals with just one click
• Build long-term business relationships - Agreements are usually made within 3 days

How RFQ works?

Is it free to submit an RFQ?

Yes, the Alibaba RFQ service is free to use. If you finish your RFQ quota monthly, you will receive an additional quota in the following month. Otherwise, you can also pay extra to get more RFQ quotas.

Some of the details you should expect to receive from buyers within an RFQ include the following:

• Description or specification of parts or their number
• Quantities or volume of the intended purchase
• Required quality levels
• Delivery requirements
• Value-added services required

Here’s a live example of how to use RFQ in Alibaba.com! 

Refer to the steps below!

Step 1: Go to https://sourcing.alibaba.com/ or sign into Alibaba.com > My Alibaba > Communication > RFQ market.

Step 2: View recommended RFQs or search using keywords.

Step 3: Click "Quote Now" and use your free monthly 20 access rights to RFQs.

Step 4: Click the “RFQ information” to find out the details that you expect to receive from buyers!

Let’s have a look at what our clients say about Alibaba.com RFQs!

Want to know more about how RFQ can help you with getting more potential leads to your business? Click here now!