What’s Product Sourcing?

Product Sourcing simply means, “Finding products to sell through your business.” This, of course to us, refers to buying products at real wholesale prices, and then selling them online for a profit. Product Sourcing is something that truly successful online retailers take very seriously. It’s a cornerstone of their success.

What does proper Product Sourcing do for my online business?

Among other things, the internet is a wonderful eCommerce marketplace. It’s a tremendous business opportunity for very little cost. Many people start small online, then go on to earn impressive full time incomes.

However, many people starting out run into issues they don’t understand and then give up because they don’t have the right information they need to run their business competitively.

If you dream of owning a successful online business, you CAN do it. There are a few things you really need to understand though, and Product Sourcing is one of them.

Proper Product Sourcing

Doing your product sourcing properly, does several things for you and your online business;– Allows you to earn the highest possible profit margins– You can be flexible in the products you offer to your customers– Allows you to effectively compete with other retailers’ prices

Remember that the internet is a price driven market. If you are not doing your Product Sourcing the right way, you’ll find that there are many other online retailers that offer the same products as you do, but at lower prices. You won’t be able to compete with them. Those sellers who offer lower prices ARE making a profit. The difference is that they are probably paying less for the products they sell because they understand how to Source Products the right way.

Up Next…

Over the course of the next few weeks, we will talk about the different aspects of product sourcing. How to find products to sell and what to avoid. So stay tuned!

But if you are ready to get started NOW with REAL Wholesalers with REAL Wholesale prices, then get access to our Directory today!

Find over 8000 real wholesale suppliers. Thousands of dropshippers. The suppliers represent more than 17 MILLION product types, so there is something for everyone!

Go here to become a lifetime member. CLICK HEREWant more information about our B2B Directory first? Watch the video HERE.

Tags: dropshipped products, dropshippers, how to find products to sell, product sourcing, products to sell online, selling online, what to sell online, wholesale products, wholesalers

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on Friday, July 16th, 2021 at 12:10 pm and is filed under What’s New.
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Dropshipping is NOT a Complete Answer

Dropshipping is a great way to get started selling products online, but don’t make that your complete business strategy. You need a plan to move beyond dropshipping if you want to grow your business.

Dropshipping Has Limits

With dropshipping you cannot sell any product you want to. Many companies require their retailers to purchase and hold inventory and even others already have all the retailers they want or need. So when you dream of selling things like the latest Nike shoes or Kate Spade handbags using dropshippers, think again.

Another dropshipping limit is prices. Yes, you are getting wholesale prices if using real dropshipping suppliers (like the ones found in our Directory). But you are not getting the absolute best price possible, because you are not buying in volume. The more you buy, the cheaper each individual item gets because you are getting volume discounts on top of the base wholesale price.

Move Beyond Dropshipping

You need to realize that dropshipping is only part of your overall product sourcing solution. As your sales pick up and you begin to see profits coming in, you can start to reinvest them into purchasing inventory. That way, you are able to take advantage of the better pricing and higher margins that come with buying wholesale in bulk. Your drop shipping will identify the products that sell well for you, so you don’t have to invest any money into untried inventory that might not sell.

While you’ll find many situations in which drop shipping is the best fit for your business needs, it’s not a good idea to limit yourself to using only drop shipping. Not one method of sourcing products is the most effective solution for every situation. That’s why, as your business grows, you need to branch out and expand.

Our Product Sourcing Solution

Our Members already have a leg up on the competition, because not only do they have access to real dropshipping suppliers, but they also have access to thousands of light bulk wholesalers.

Light bulk is a term that we coined to indicate suppliers with low minimum orders to make buying products more affordable for newer businesses. So when our members are ready, they can reach out to the light bulk suppliers as well to start holding some of that smaller inventory.

We are always adding new light bulk and dropshipping suppliers to the Directory every business day. Check out what the Directory has offer by CLICKING HERE.

Did you like this article? You might also like…The Best Products for Dropshipping: Read that HEREIs Dropshipping Right for My Business?: Read that HERE

Tags: building an online business, dropship, dropshippers, dropshipping, dropshipping limits, product sourcing, product sourcing solution, selling online, selling products online, starting an online business, what is dropshipping

This entry was posted
on Friday, June 25th, 2021 at 10:47 am and is filed under What’s New.
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