sourcing products
Published September 24th, 2008
Specialty retailers looking for new ways to source products may want to consider visiting local live auctions on a regular basis. The wares are always changing, and while finding products may seem like a needle-in-the-haystack quest, the rewards can be nothing sort of amazing. From a caseload of unopened mp3 players to valuable antiques whose beauty is hidden under a layer of dust, live auctions can hold a treasure trove of products for retailers.
The types of items that can be found at live auctions
The goods being sold at auctions can make some retailers truly giddy with excitement when... Read more
Tags: advice, auction houses, auctions, Carrie Hinkel, Product Sourcing, source, sourcing products, tips
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Published April 4th, 2008
Whether you own a brick-and-mortar store or a website, continuously finding new and interesting products is crucial for any store’s success. Having a fresh line of products helps bring new customers in and keeps current customers coming back. What would be the point of returning to a store if they always carried the same thirty items? If you didn’t like anything the first time, why bother going back? With so much competition it the retail arena, it’s important that product sourcing is thought of as ongoing process, rather than something that is done just a couple times a year.
The... Read more
Tags: biztradeshos.com, Carrie Hinkel, Product Sourcing, source, sourcing products, spotting trends, tracking market trends, trends
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Published March 27th, 2008
Most business owners just accept their vendors’ prices, payment terms, shipping terms, etc. as is, without ever questioning them or trying to renegotiate better terms. But the truth is, as a buyer, you have the leverage to get better pricing and terms - and it’s all just a phone call away. Here’s how:
Getting better prices on products
There are a few tactics you can use to lower your current wholesale pricing. The first is using an increased order quantity to get a discount. Let your suppliers know that you are willing in increase your standard order size in exchange... Read more
Tags: advice, Carrie Hinkel, Product Sourcing, source, sourcing products, suppliers, tips, working with suppliers
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Published March 12th, 2008
If you are like many small business owners, you are always on the hunt for new and better wholesale sources. You want to make sure you have the best merchandise possible, at the best price available.
This will give you the variety your customers want at a price they are happy to pay. So - how do you find the best merchandise and price?
One way is by visiting permanent wholesale marts. These businesses do nothing but wholesale sales. They often are located in a large store or warehouse location where you can see the items that are for sale... Read more
Tags: advice, Product Sourcing, Rebecca Button, source, sourcing products, tips, wholesale, wholesale marts
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Published March 11th, 2008
For years, name-brand retailers have used off-price goods as special promotional items to attract customers to their store, with the hopes that they’ll end up purchasing additional items from their full-price lines. Now, more and more retailers are using off-price retailing on a regular basis, and their customers have come to depend on the variety and the bargains.
Off-price products are brand-name merchandise that sells significantly lower than the suggested retail price. The difference between off-price merchandise and discount merchandise is that off-price products are purchased from manufacturers and wholesalers at prices way below wholesale. Discounted products, on the other... Read more
Tags: advice, Carrie Hinkel, off-price products, Product Sourcing, retail, source, sourcing products, tips
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Published February 25th, 2008
If you are looking for the right business market and merchandise, you may be looking at the new items market - items other businesses aren’t already selling. But the buy-in rates for new, innovative products are often high. What if you could make similar profits by selling used items?
There are a number of ways to get into business selling used products. The old adage “one man’s trash is another man’s treasure” certainly is true.
If you’re considering selling used products, you need to first decide what type of business you are going to run.
Online or Brick-And-Mortar Business?
Online... Read more
Tags: advice, Leeia Ladipoh, Product Sourcing, source, sourcing products, tips, used products
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Published February 1st, 2008
If you’re relatively new to working with a wholesaler to provide you with products to sell, there’s a host of things you need to go through. Choosing the right wholesaler, setting up an agreement, payment schedules, deliveries, and so much more. To help with this process, you can actually make use of a broker to source your products for you, taking away a major part of the overall wholesaler process.
However, just like there are good and bad wholesalers, so there are also good and bad brokers; so you need to make sure that you do your research first. This... Read more
Tags: advice, brokers, danny brown, Product Sourcing, source, sourcing products, tips, wholesale
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Published January 25th, 2008
The concept of profit is finding a good product at a great price and being able to sell it to someone else for a large markup. They key to being able to do this is to know where to find items that you can purchase for a low price and sell at high ones.
Thanks to the advent of eBay, one of the most popular places to find things for reselling is at garage sales.
If you frequent garage sales, you know there are great deals to be found - and that’s just when you’re searching for items you may... Read more
Tags: advice, garage sales, Leeia Ladpoh, Product Sourcing, source, sourcing products, tips
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Published January 25th, 2008
Once you’re ready to get into business, you need a reliable supplier of goods to make sure you have the items you need, when you need them and ready to sell.
But how do you go about finding a wholesale supplier?
It’s important to know that not all wholesalers will work with everyone. Some are only regional or only work with retailers of particular size. With that said, you may also want to be picky about which wholesalers you use. The further a wholesaler is from you, the more you are going to have to pay to have items shipped... Read more
Tags: advice, Leeia Ladipoh, Product Sourcing, source, sourcing products, suppliers, tips, wholesale, wholesale suppliers
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Published January 16th, 2008
Think liquidations might be right for you or your business, but you’re not exactly sure what they are? Well, liquidations are simply products that a company doesn’t want anymore. Maybe they couldn’t sell them or they’re damaged or missing parts - but they’ve been taking up space in the warehouse and collecting dust, so they need to go. In fact, many companies are so desperate to get rid of some products that they’ll sell them for mere pennies on the dollar. Does that mean that buying liquidated products means you’re getting a great deal? Sometimes, but not necessarily.
What to... Read more
Tags: Carrie Hinkel, liquidation, Liquidation.com, Product Sourcing, source, sourcing liquidations, sourcing products, tips
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