Sourcing Products

Product sourcing from manufacturers is not going to be easy. You will have to prove beyond reasonable doubt that you can maintain the demand. Otherwise, it will not be economically viable for the manufacturers to have a business relationship with you.

It will also be difficult for you to source for products directly from the manufacturers because you would need plenty of capital and storage facility space. However, if you can convince manufacturers of your desired business products to go into business with you, the cheaper buying prices will be great for your bottom line.

Product sourcing from wholesale suppliers is a much easier way of stocking your business. Wholesale suppliers are more likely to provide you with a steady supply of relatively large business stock for prices that are lower than the market average.

Sourcing your products from wholesale suppliers will require lower capital because the volume you can order can be much lower than what is required by manufacturers. The slight drop in profits if you opt for this sourcing method is therefore worth it, if your business is not a large-scale one.