Ep 108 - How to Source Suppliers For Your Product Business

Finding the right suppliers is key to the success of your business. In this episode I talk through where to find suppliers.What questions you need to ask and what they will need from you.Are you a small business owner looking for tips on finding the right supplier and pricing your products? Look no further!We dive deep into the world of sourcing suppliers and calculating product prices.KEY TAKEAWAYS Ask the right questions when narrowing down potential suppliers. Background information, minimum order quantity, and an understanding of their requirements are important factors to consider.  Consider where you want your products to be manufactured. Manufacturing in the UK offers benefits like smaller quantity purchase, ease of logistics, and the ability to visit factories. However, labor costs are higher.  Calculate your product price based on factors such as fabric, labor, trims, packaging, shipping, and logistics.  So whether you're a budding entrepreneur or an established business owner, this episode is a must-listen to help you navigate the complex world of sourcing suppliers and pricing your products. VALUABLE RESOURCES The Buyer and retail coach  Nicole Higgins Links  https://www.instagram.com/thebuyerandretailcoach/ https://www.linkedin.com/in/nicolehigginsuk/ https://thebuyerandretailcoach.com/ https://thebuyerandretailcoach.com/newsletter-sign-up/ https://thebuyerandretailcoach.com/free-discovery-call/ https://thebuyerandretailcoach.com/blog/