What You Need to Look For When Choosing a Product Sourcing Company
Don't buy a list Be sure to stay away from companies that have long persuasive sales letters to convince you to buy their product.
These companies tend to have outdated sources, and spend more time and money on their sales than their product.
There is a very short list of companies that offer more that just a list in PDF format, and a garbage member's forum that is outdated.
Look for the companies that are going to offer great sources to find your wholesale, liquidation, drop ship, salvage, import, and other alternative sources.
Stay away from the ones that highly recommend drop shipping.
It is a sourcing method that has very small margins.
You are always better off looking for other ways to get your products.
Remember is it sounds way too good to be true, it probably is.
Be sure they have been around a while This industry has it's fair share of "fly by night companies".
You can use Amazon's site alexa.
com and view their way back machine to see if a company just put up their website.
If they have been around less than 1 year run away.
If they have been around for 1-3 years use caution.
If they have been around for more than 3 years or more, then you know that they probably are doing something right.
One of the best one's that I use has been around for over 7 years.
One quick check to see if they update their product is to view their copy write at the bottom of the page.
If we are in 2008 and their copy write ends in 2007 leave the site and keep looking.
Need to offer more than just wholesalers, and drop shippers Most beginners are familiar and understand the concepts for wholesalers, and drop shippers.
Drop shipping is a great business concept, but can be very difficult to make a margin worth your time.
Unfortunately drop shipping is full of the most scams of any of the sourcing methods.
This is another reason why you want to make sure that you are dealing with a reputable sourcing company so they can help weed out the bad ones.
If one of their members has a major complaint from working with one of these companies, they will remove them from their service.
The best sourcing companies will have other more profitable sourcing methods.
Liquidations, or importing directly from china can be very profitable.
One of the best product sourcing companies also has a way to purchase products from poorly listed auction that you can just purchase and resell on eBay.
Look for more than just a fancy directory One of the most valuable things that we have is our time.
You want to find a product-sourcing tool that can save you valuable time, which translates into more money.
A good product tool will make it very easy to search the inventory and product availability from dozens of companies within a few seconds.
It does you no good to have a list of 20 companies that might have what you are looking for if you need to then visit each one of those sites individually and then enter your search criteria.
This is a complete waste of time when you can just use a software-based tool to help you with these tasks.
I have been very happy with the new software based product-sourcing tool made available through nawca.
org.
It is the only one that I have seen that has met all of the criteria for a great product sourcing company.
These companies tend to have outdated sources, and spend more time and money on their sales than their product.
There is a very short list of companies that offer more that just a list in PDF format, and a garbage member's forum that is outdated.
Look for the companies that are going to offer great sources to find your wholesale, liquidation, drop ship, salvage, import, and other alternative sources.
Stay away from the ones that highly recommend drop shipping.
It is a sourcing method that has very small margins.
You are always better off looking for other ways to get your products.
Remember is it sounds way too good to be true, it probably is.
Be sure they have been around a while This industry has it's fair share of "fly by night companies".
You can use Amazon's site alexa.
com and view their way back machine to see if a company just put up their website.
If they have been around less than 1 year run away.
If they have been around for 1-3 years use caution.
If they have been around for more than 3 years or more, then you know that they probably are doing something right.
One of the best one's that I use has been around for over 7 years.
One quick check to see if they update their product is to view their copy write at the bottom of the page.
If we are in 2008 and their copy write ends in 2007 leave the site and keep looking.
Need to offer more than just wholesalers, and drop shippers Most beginners are familiar and understand the concepts for wholesalers, and drop shippers.
Drop shipping is a great business concept, but can be very difficult to make a margin worth your time.
Unfortunately drop shipping is full of the most scams of any of the sourcing methods.
This is another reason why you want to make sure that you are dealing with a reputable sourcing company so they can help weed out the bad ones.
If one of their members has a major complaint from working with one of these companies, they will remove them from their service.
The best sourcing companies will have other more profitable sourcing methods.
Liquidations, or importing directly from china can be very profitable.
One of the best product sourcing companies also has a way to purchase products from poorly listed auction that you can just purchase and resell on eBay.
Look for more than just a fancy directory One of the most valuable things that we have is our time.
You want to find a product-sourcing tool that can save you valuable time, which translates into more money.
A good product tool will make it very easy to search the inventory and product availability from dozens of companies within a few seconds.
It does you no good to have a list of 20 companies that might have what you are looking for if you need to then visit each one of those sites individually and then enter your search criteria.
This is a complete waste of time when you can just use a software-based tool to help you with these tasks.
I have been very happy with the new software based product-sourcing tool made available through nawca.
org.
It is the only one that I have seen that has met all of the criteria for a great product sourcing company.
Source...