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Suppliers Can Make or Break Your Business

Here's a summary of the points from this show.

  1. Look at supplier values. Does the company you are looking to buy from have similar values to you? Long-term success is dependent on shared values.
  2. Understand Supplier Requirement. For example:
    1. Do you need a brick and mortar store?
    2. What is the Minimum Order Quantity (MOQ)?
    3. Are there certain countries you cannot sell to?
    4. Be aware of price-fixing.
  3. Remember that they have a business to run too.
  4. Build a personable relationship with them.
  5. What else can they give you?
    1. Gift with purchase
    2. Marketing help
    3. Dropshipping services
    4. Other incentives
  6. Have regular reviews with your supplier


Links & Resources from this show