Transparent pricing is extremely important, especially in an era where business ethics and consumer rights are more prominent than ever. It has become a cornerstone of trust and integrity in the global market.

In this day and age, it is not just a moral obligation; it’s a strategic move that has the potential to offer significant benefits. A transparent pricing policy can improve customer trust and loyalty, offer a competitive edge, streamline decision-making processes, and enhance regulatory compliance.

This is especially impactful for product-sourcing processes where traditional pricing models like cost-plus pricing, competitive pricing, and value-based pricing have disconnected from the actual value delivered to the customer.

Transparent pricing provides clarity, simplicity, and fairness within strategic product sourcing processes, aligning with the modern consumer’s expectations for honesty and integrity in business transactions.

Zignify’s approach to transparent pricing

The topic of cost in business dealings can be a complex one. Many companies choose to hide behind vague answers such as “it depends”, but that’s not our approach. We believe in transparency, and we often face questions about our pricing model, which differs from the conventional market practices.

You might be wondering how we make money and why we charge differently. So, we wanted to explain our pricing strategy and the reasons behind it.

How we charge

We keep things simple. Instead of taking a percentage of the order volume, we charge for our services by the minute or hour. This approach raises the inevitable question: “Why do you do things differently from the rest of the market?” The answer lies in our commitment to being 100% open, honest, and transparent in everything we do.

Aligning with our values

Our goal is to source products for our customers the same way we source products for ourselves. As brand owners with our own brands, we have a vested interest in finding the best prices and the most suitable suppliers. This commitment to shared values is what sets us apart.

The percentage-based charging model

Charging a percentage of the order volume can lead to potential conflicts of interest. If our revenue is tied to the order value, we might be less motivated to seek the lowest possible prices for our customers. After all, the higher the product’s price, the more revenue we would earn.

Similarly, if we were to charge a percentage, we might be tempted to streamline our efforts and provide fewer quotations to minimize our workload. This approach wouldn’t serve your best interests as it could result in fewer options for you to choose from.

Our commitment to transparency

Our purpose is to find as many quotations as reasonably possible and to compare prices to secure the best deals for you. We don’t just share the time spent on your project; we also provide you with all the contact details of potential producers, whether they were part of our initial search or were involved in the sampling or final production.

This level of transparency empowers you to contact these suppliers directly, place reorders, and manage your business independently. You’re not obliged to come back to us for reorders, and there are no additional charges for doing so.

The importance of supplier transparency in product sourcing

We understand that clarity is crucial when it comes to your suppliers. In today’s competitive global commerce landscape, transparency of a supplier identity and operations is not just a preference—it’s a necessity. You should always know who your real supplier is and have the option to reach out to them whenever necessary.

This means that you can ensure the quality of their products, make sure their business practices follow your ethical standards, and allow you to manage potential supplier risks effectively and maintain your brand integrity.

We offer direct introductions to your suppliers and facilitate open information sharing, and we are adamant about empowering you through knowledge and supporting your independence and control.

We’re also here to help with additional services such as packaging, certificates, and licensing, but we don’t take a percentage of your order volume.

Putting you in control

One of the main reasons we want to offer a transparent pricing model is because we want to empower you, our clients. Our pricing model is designed to give you full access to information, pricing details, and supplier contact information.

Here’s how we empower our clients:

  • Informed decision-making
    We ensure that clients are paying only for the time spent working on their project, not a percentage of their order volume as a result of our charging-by-the-minute policy. This clarity allows them to make informed decisions based on the actual work done.
  • Cost control
    Clients can control their costs more effectively. They can decide how much time they want Zignify to spend on product sourcing—balancing their budget with their needs.
  • Direct supplier relationships
    We give direct access to supplier information so that clients can negotiate terms and build relationships without third-party interference, leading to better supplier relationships.
  • Strategic sourcing
    Clients can use the detailed quotations and time reports provided by us to strategize their sourcing. For example, they might choose to focus on suppliers with the best price-to-time ratio or those who can deliver the fastest.

You can compare all the options available to you, including our services’ costs and the time required for the work. This approach aligns with our commitment to being open, honest, and transparent.

Experience the Zignify difference

Our unique pricing model reflects our dedication to aligning our interests with yours, ensuring you get the best deals without hidden fees or conflicts of interest. We want to offer you the same level of transparency and service that we would expect from ourselves.

At Zignify, we understand that your success is our success. By alleviating the challenges of sourcing products, we empower you to focus on what you do best: growing your business. With Zignify Global Product Sourcing by your side, you can take your sourcing endeavors to new heights and establish a reputation for excellence in the competitive e-commerce market.