Episode 26 Sourcing Inventory From Near and Far, Part Three

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 <span style= "font-weight: 400;">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: <span style= "font-weight: 400;">Cuttingboard.com <span style= "font-weight: 400;">ColorIt <span style= "font-weight: 400;">Shopify <span style= "font-weight: 400;">Amazon <span style= "font-weight: 400;">ThomasNet <span style= "font-weight: 400;">Alibaba <a href= "http://www.globalsources.com/">Global Sources <span style= "font-weight: 400;">Made in China If you have any questions or anything you'd like us to discuss on the podcast please go to <span style= "font-weight: 400;">ecomcrew.com <span style= "font-weight: 400;">and fill out the contact form. Also we would really appreciate if you would leave us a review on <a href= "https://itunes.apple.com/us/podcast/the-ecommerce-crew-podcast/id1056042180?mt=2"> iTunes<span style= "font-weight: 400;">. Thanks for listening!