Episode #85 – How To Get Started Sourcing Products From China
Link: Lifestyle Business Podcast
With garments there are a lot of variables.
One advantage of physical products is that the cash flows are more sustainable if you identify a good product line.
Ways to find manufacturers:
- Need to sample from multiple suppliers
- You don’t build a long term relationship with manufacturer (which is very important)
- There is a difference between agents and factories
Dealing with Middle Men
- Look for a middle man that adds value (for example being able to drive out to factory when there is a problem)
- Make sure they understand you know they are a middle man
- They take 10 to 15%
Show up and Knock on Doors