Episode 26 Sourcing Inventory From Near and Far, Part Three
The Ecomcrew Ecommerce Podcast
Shownotes Transcript
Today’s episode is the third and final instalment of our series on domestic and international supplying. We have talked about shipping in both the United States and from overseas. We have also talked about the politics involved in overseas suppliers. Today we finish this series with how to find a supplier you can work with and make money.
There are tons of online suppliers that offer cheap products for newcomers. These sites are helpful, but the ideal situation is to explore the market and find your product through trial and error. On today’s episode we share our experience with finding our products and offer practical advice on how to be smart about it.
The main points from today’s show are:
Why you should consider the long term when looking at a supplier
Places to find product and the power of word of mouth
How order amount is good indicator of a profitable product
The reasons to consider domestic suppliers
The math equation for smart product ordering
What is bank management
We could try to explore what makes a great product and how to find the best seller, but there is no formula for what works and what doesn’t. This will conclude our series on this subject, but we hope we gave some useful information on how to approach building and managing your inventory.
Resources from Today’s Episode:
Global Sources)
If you have any questions or anything you’d like us to discuss on the podcast please go to ecomcrew.com) and fill out the contact form. Also we would really appreciate if you would leave us a review on iTunes). Thanks for listening!