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Product sourcing has been changed, but not completely revolutionized. As a BDM, personal relationships with suppliers remain important.
The intelligence, creativity and hard work of people still make the difference between good and bad sourcing.
The challenge is to figure out what that means for your business, and only you can do that. Here are a few tips for effective sourcing:
1- Start With Marketplace Research
2- Use a Model That Works for Others
3- Go to Trade Shows
4- Drop Ship Differently
5- Get Close to the Source
6- Get Off the Bandwagon
7- Don’t Rely on Bulk Buying
8- Get to Know Your Supplier
9- Make Sure Your Supplier Knows Their Stuff
10- Have a Backup Plan
Finding what you need isn't quite the needle-in-a-haystack task it's envisioned to be. There are a lot of existing channels used to match up manufacturers and distributors of products. Start up process to maximize the potential result of a strategic sourcing effort could include:
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