Are you an Entrepreneur and looking for a valuable method or mechanism to launch your business? If your answer to this question is yes!! Then you need to get the right help to source your business or products.
Product Sourcing is said to be a vital business process that is fundamental to the success of an entrepreneur. One would have to consequently be cautious to study the relevant details of this operation before launching a business.
Let’s assume you have an interest in sourcing an Eco-product like Firelighters. You must undertake the following exercises:
First of all, you should verify the product sourcesby thoroughly researching on the manufacturer or wholesale supplier of your choice to be certain that they are legitimately registered and have a verified physical address. For example you can research on the background of Forest Lighter Company, a manufacturer and supplier of Eco-firelighters made of certificated wood wool and paraffin wax suitable for all stoves, fireplaces and BBQ (www.forestlighter.com) (email: email@example.com) (004412697888) This can at least give you some form of assurance that the products you order will certainly be genuine.
You should also note that you want to be in the business for profit and therefore it is advisable to go straight to the source rather than using intermediaries or “irrelevant middlemen” who may significantly reduce your profit margins.
Finally, remember that you cannot disappoint your business clients or customers and for that, you must have enough backups when doing product sourcing so that you can have access to and rely on supplier ‘B’ or ‘C’ just in case your major product source cannot deliver what you need on time.
Now one may ask, how can I be easily accepted and find a product source or supplier who will be willing to work with me?
You must be a registered Business Name and have a Tax ID in order to be able to work with real wholesale suppliers. And when you have a particular product/business and have not been successful yet to find a source or supplier for that product after you have researched, do not give up! Keep researching. You may equally resort to other product options that you can easily find suppliers like Firelighters by Forest Light Company.
www.chinasourcinginfo.org/2013/07/08/product-sourcing-and-modifications; May 2018
www.freelance.com/community/articles/what-is-product-sourcing; May 2018
Products to sell online – 6 common product sourcing questions and answers by Chris Malta.
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