What is Product Sourcing? It’s a process of how a business attains stock to sell known as product sourcing. if you have an online store you have to explore manufacturers, wholesalers, artisans, and other types of productions and businesses that create merch for sale. Typically, the product sourcing process includes: Product Research & ideas Vendor analysis Price comparison Supply deals negotiation By reading this post you’ll know where to find product suppliers, what to consider during negotiations and how to stock inventory your customer will love. Types of Product Sourcing You can easily get confused s=during researching if you don't follow any vector. You can prioritize the following five sourcing vectors to make your research more productive. DIY products or services Manufacturer or Wholesalers Dropshipping Marketplaces Trade shows Every option is inherently better than each of them, But there are a variety of factors to take up when determining which works bes...
