Product sourcing is an ongoing process, not a one-time event. Too many e-tailers find a product and supplier, and think theyre done. But every product trend has a life-cycle what your customers want today is not what theyre going to want in six months. You need to watch carefully where trends in your niche market are going, or youll soon find yourself sourcing products that are yesterdays news.
Tradeshows The Right Way – How To Get The Most Out Of Going
For online retailers, trade shows are an incredible opportunity to source goods, connect with wholesalers and manufacturers, and expand their product lines. But there’s a right way and a wrong way to attend tradeshows. To get the most out of your experience, you need to prepare.
Tradeshow Sourcing: When The Shows Over
Following Up with Suppliers
The Inside Scoop On Trade Shows – What They Are And How They Work
The Nuts and Bolts
Sourcing Customer Returns – Buying Retail Returns At Wholesale Prices
Retail overstocks and customer returns can be an excellent product source as long as you understand what to expect when purchasing this kind of merchandise.
Seeing The Whole Picture: A Wholesalers Role In The Retail Chain
You probably realize that, as a retailer, you need to get as close as possible to the source of your products to maximize your profit margins. But if youre like most retailers, you may think that means going to the product manufacturer. You might assume that because the wholesaler stands between you and the manufacturer, the wholesaler is a middleman. But by that logic, you as a retailer are also a middleman, standing between the manufacturer and the end user.
Increasing Your Profits Through Buying Groups – Strength In Numbers
Why Join a Buying Group?
How To Make Product Liquidation Work For You – Sourcing Liquidated Products
Liquidation a very scary word for most online sellers. But the reason we get nervous is simply that we really don’t understand what liquidation is. One man who is extremely familiar with the process is Bob Nelson, president of retail consulting firm Power Retailing (http://www.retailing.com). Nelson explains, “Liquidation is simply getting rid of and converting inventory and other assets into cash.” It’s a practice that allows manufacturers and retailers to maximize the val…
How To Break Into Importing: An Easy Entry For Beginners
In spite of its tremendous profit potential, many online retailers shy away from importing inventory. You may have ruled out this product sourcing method as overly complicated or problematic. But by writing it off all together, you miss out on some amazing deals and innovative products that you wont find any other way.
Global Sourcing: Importing For Everyone
Importing products can be an overwhelming prospect for the online seller the thought of dealing with international laws, Customs, and tax issues is intimidating. But according to Ron Vinceslio, of http://UniPacInternational.com, The pay-off is worth the effort. If youre even at the point of buying inventory in case lots, learning to import is definitely something to consider as a next move.
A Foreign Affair: Preparing To Attend An Overseas Tradeshow
For E-Biz owners, importing can be the key to lower product sourcing overhead and a diversified product line-up. One of the best ways to get started in importing is to attend an international tradeshow, where you?ll meet countless manufacturers and wholesalers of foreign goods. Much like the tradeshow industry here, any reputable show will qualify their exhibitors, so you can feel confident you?re only dealing with legitimate, authentic suppliers.
A Successful Home Business In The Wellness Industry
There are many entrepreneurs enjoying a successful home business in the wellness industry. The wellness industry is based on health related products and services that can benefit consumers. Because it is health related, many entrepreneurs are taking pleasure in the profits that they are making as a new home business. Some people are so successful that they are in the wellness niche as a full time income to support their families. Others work part time as a supplemental income…