{"id":1037,"date":"2022-10-12T09:00:48","date_gmt":"2022-10-12T13:00:48","guid":{"rendered":"http:\/\/blog.worldwidebrands.com\/index.php\/?p=1037"},"modified":"2024-08-06T14:52:23","modified_gmt":"2024-08-06T18:52:23","slug":"product-sourcing-with-a-pro-expert-answers-to-5-common-questions","status":"publish","type":"post","link":"https:\/\/www.worldwidebrands.com\/blog\/product-sourcing-with-a-pro-expert-answers-to-5-common-questions\/","title":{"rendered":"Product Sourcing Expert Answers 5 Common Questions"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Every online business owner deals with similar Product Sourcing issues. From finding reliable sources to figuring out what will sell, online retailers all face these same challenges. Due to retailers having these same struggles; the following are the five most common questions we get from online retailers about Product Sourcing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Product Sourcing Questions<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/images.pexels.com\/photos\/5025503\/pexels-photo-5025503.jpeg?auto=compress&amp;cs=tinysrgb&amp;w=600\" alt=\"product sourcing with dropshipping\" width=\"149\" height=\"265\"\/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 1<\/strong>: Isn\u2019t drop shipping risky\u2014if a supplier turns out to be unreliable, I could have missed deliveries and angry customers?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Answer<\/strong>: No matter where you get your products, running short is always a possibility. So you can easily minimize your risks by following some simple steps:<br>1.) Place at least one test order with any drop shipper you\u2019re planning to use. That way you get to see what your customers will experience in respect to product delivery.<br>2.) Identify your best-selling items, and buy some in bulk. That way you\u2019ll always have a few on hand, in case your drop shipper runs out of product and can\u2019t fill your order.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 2<\/strong>: How do I decide what to sell?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Answer<\/strong>: There\u2019s no short cut\u2014you have to do your market research. Look at the demand for a product, the competition you\u2019ll have, and whether or not you can be profitable. SellNiches.com provides a great eBook and other resources to help you choose a successful product line.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/images.pexels.com\/photos\/2155552\/pexels-photo-2155552.jpeg?auto=compress&amp;cs=tinysrgb&amp;w=600\" alt=\"product sourcing means attending some trade shows\" width=\"296\" height=\"197\"\/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 3<\/strong>: Should I attend wholesale trade shows?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Answer<\/strong>: Trade shows are a good idea, but be careful which ones you attend. Some trade shows are simply glorified flea markets. If you want to do that level of product-sourcing research on your own, we highly recommend going to the bigger shows in and around the major cities. To find links to popular upcoming wholesale tradeshows subscribe to our <a rel=\"noreferrer noopener\" aria-label=\"newsletter (opens in a new tab)\" href=\"https:\/\/www.worldwidebrands.com\/about-us\/newsletters\/\" target=\"_blank\">newsletter<\/a> (SIGN UP BOTTOM RIGHT!)  Remember, you\u2019ll typically need your tax ID to register for these shows &amp; sometimes they require a business card.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 4<\/strong>: What is a \u201clight bulk wholesaler\u201d?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Answer<\/strong>: A light bulk wholesaler is a term for any wholesaler that will sell in bulk with low minimum orders, under $500, as opposed to carrying minimums of $1500+ and $25,000+.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Light bulk&#8221; is a term that we coined here at Worldwide Brands. So anyone else that uses it is a copycat!<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/images.pexels.com\/photos\/1624695\/pexels-photo-1624695.jpeg?auto=compress&amp;cs=tinysrgb&amp;w=600\" alt=\"importing is a type of product sourcing\" width=\"169\" height=\"254\"\/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 5<\/strong>: Why is importing so complicated and expensive?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Answer<\/strong>: The process is intricate and costly for several reasons:<br>Your products aren\u2019t made until you order them. So you have to allow 25-30 days just for the goods to be manufactured. On top of that, you can expect to wait 2-3 weeks for shipping, if everything goes smoothly.<br>There are numerous expenses and paperwork involved with overseas shipping, customs clearances, and warehouse space.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The More You Know<br><\/strong>As an internet retailer, product sourcing will always be an area of concern.  This is the most common point of failure for online businesses, since so many aren\u2019t aware how important research is. Understanding your market is key to your online selling success.  So ask all the questions and seek out the right answers. You\u2019ll be much better prepared to prosper. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every online business owner deals with similar Product Sourcing issues. From finding reliable sources to figuring out what will sell, online retailers all face these same challenges. Due to retailers having these same struggles; the following are the five most common questions we get from online retailers about Product Sourcing. Product Sourcing Questions Question 1: [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[944],"tags":[663,19,495,1009,1010,775,314,108,1008,843,62,66,361,111],"class_list":["post-1037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-sourcing","tag-choosing-what-to-sell","tag-drop-shipping","tag-dropshipping","tag-importing","tag-internet-retailer","tag-light-bulk","tag-market-research","tag-online-retailers","tag-picking-what-to-sell","tag-product-sourcing","tag-selling-online","tag-wholesale","tag-wholesale-trade-shows-2","tag-wholesaler"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Product Sourcing With a Pro | Worldwide Brands<\/title>\r\n<meta name=\"description\" content=\"Get expert answers to 5 common product sourcing questions. 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