Have you ever wondered HOW to source a product from overseas and just how much margin there can be if you get good at product sourcing?
In this video, I show you two weird little products that I sell online and how I reduced their buy cost by 90% by investing time into sourcing from China.
Topics covered include:
- Introduction to the principles of better, faster, and cheaper
- Importance of being better, faster, or cheaper in Ecommerce
- Example of selling electric toilets and accessories online
- Exploring the opportunity to source mounting brackets
- The importance of building a relationship with distributors
- Demonstrating the ability to sell toilets before sourcing cheaper parts
- Using Alibaba to source quotes for manufacturing the mounting brackets
- Comparing the cost of US fabrication to the quotes received from China
- Revealing the significantly lower cost of sourcing from China
- The profitability of selling the sourced mounting brackets
- Expansion to sourcing other products
- Examples of sourcing pea powder at a fraction of the price
- Emphasizing the real-life application of the training
- Discussing the growth and success of the e-commerce business
- Anticipated achievement of a million-dollar revenue within a year
*******
You can see the eCommerce business I own and use as an example in this video here: www.dryflush.com.au
I sell using Wix, but I personally think I made a mistake there. #shopify has a lot more functionality than Wix and is probably a better choice.
You can connect with me on Instagram here: www.instagram.com/adamhudsonofficial
You can visit my website at: www.adamhudson.com
If you found this video helpful, please give me a thumbs up and subscribe :-)
In this video, I show you two weird little products that I sell online and how I reduced their buy cost by 90% by investing time into sourcing from China.
Topics covered include:
- Introduction to the principles of better, faster, and cheaper
- Importance of being better, faster, or cheaper in Ecommerce
- Example of selling electric toilets and accessories online
- Exploring the opportunity to source mounting brackets
- The importance of building a relationship with distributors
- Demonstrating the ability to sell toilets before sourcing cheaper parts
- Using Alibaba to source quotes for manufacturing the mounting brackets
- Comparing the cost of US fabrication to the quotes received from China
- Revealing the significantly lower cost of sourcing from China
- The profitability of selling the sourced mounting brackets
- Expansion to sourcing other products
- Examples of sourcing pea powder at a fraction of the price
- Emphasizing the real-life application of the training
- Discussing the growth and success of the e-commerce business
- Anticipated achievement of a million-dollar revenue within a year
*******
You can see the eCommerce business I own and use as an example in this video here: www.dryflush.com.au
I sell using Wix, but I personally think I made a mistake there. #shopify has a lot more functionality than Wix and is probably a better choice.
You can connect with me on Instagram here: www.instagram.com/adamhudsonofficial
You can visit my website at: www.adamhudson.com
If you found this video helpful, please give me a thumbs up and subscribe :-)
- Catégories
- E commerce Divers
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