9 Proven Ways To Source Products For Your Business

You may have in mind exactly what you want to sell in your on line business and a product source

. However, many new business people do not and so will need help.

Ways in Which to Source Your goods.

1. Firstly decide whether you will do this yourself or use specific suppliers. You can find suppliers through a variety of channels. It's best to build up a shortlist through a combination of sources to give yourself a broader base from which to choose. Ask people including business acquaintances. You're more likely to get an honest assessment of strengths and weaknesses from someone who has previously used the supplier.

2. Doing it yourself initially could be the most effective and less expensive method.

3. Your supply chain is very important as it can make or break your business. Having a plan is essential otherwise you will not be very successful business as it will be muddled and very hit and miss.

4. If you decide to source your goods personally then auctions and liquidation sales are an excellent provision. These are available by surfing the net or looking through the various directories. Most auctions now offer on line bidding but, of course, there is the problem of not seeing the goods. Besides attending auctions if you have the time is a fun and exciting way to buy providing you dont get carried away. Due to the current climate there are many specialized auctions springing up for liquidation sales.

5. Many of these auction houses or re-sale businesses offer pallets of goods. These are generally mixed but often realistically priced. The seller may be able to give you an idea what is in each pallet prior to purchase.

6. It may be less time consuming for you to use a supplier who is already dealing in the goods you wish to sell. There are many ways to identify them but before making any commitment make certain they can deliver what they say. Do some research and get references.

7. Look at their payment methods. You may want to negotiate other factors too such as delivery times, payment terms or the quality of the goods. Run checks before committing yourself and try a sample order first. This particularly relevant in respect of a suppliers credit rating.

8. Don't buy from too many suppliers as it will be easier to manage and be more cost effective if you limit the number of sources from which you buy. This is particularly the case with low value-added suppliers.

9. Also dont have just a single supplier either. Its always worth having an alternative source when needed. Having only one supplier can give you many problems particularly if they cant supply at any time or they go into liquidation. There are many reasons not to put all your eggs in one basket.

Follow and use these strategies and ideas and very soon you could have a successful part time or even a full time online business with a fantastic system to source your products.

by: Daniel J Thorley

POST COMMENT

What Are The Characteristics Of A Top Home Based Business? Small Business Loan Update. Are Banks Finally Making More Loans? 11 On Line Threats That Jeopardize Your Business Instant Loans UK-Rapid Cash Before Payday #1 Home Business Core4/xyngular 8 Bulk Buying Tips For Your Business Article Marketing Strategies for Online Business Promotion Payday loans no faxing: Procure quick cash without complex fax formality Self Help and Home Business Success Adword Business Online Hawaii Lifestyle Texas Core4 #1 Business Opportunity In 2010 What Should Go On A Business Card?