Why Choose Us

You have decided to test the waters of the sourcing world and you think the process is straightforward and simple; know your product, find a supplier, import, and sell. But in reality, the process is a lot more complex than that. Sourcing good quality products at good prices and good profit margins involves research and a lot of trial and error.

In this comprehensive guide, we look at what product sourcing is, each stage of the product sourcing journey, types of product sourcing strategies, and finally, how to evaluate and sell your products once you’ve sourced and supplied them.

Product sourcing is the process of finding good quality products to sell from reputable suppliers at good prices. Within that process, there are a number of different stages, such as researching the chosen product, calculating the price and cost of the product, and then negotiating with suppliers in order to achieve the best deal. Ultimately, the goal of product sourcing is to locate the best products from the best suppliers with prices reasonable enough that they allow a good profit margin.

Product sourcing may sound simple, but it can be a minefield with unreliable suppliers, hidden costs, and low-quality products. To have an edge over your competitors, it is important to take the time to learn effective product-sourcing strategies to maximize your potential profit from each sale. Hiring a product sourcing agent is one way to make this process much more efficient, by relying on their expertise and knowledge of various suppliers and niches.

A product sourcing agent, or sourcing supplier, is someone who has several years of experience working either in or alongside a sourcing or trading company. Most of the time, product sourcing agents come with an already established contact book full of reliable suppliers whom they have already formed good relationships with.

Product sourcing agents act as your representative and can help you identify genuine and reliable suppliers, negotiate prices, oversee production processes, sign off any required documentation, undertake quality control procedures for your product, and most importantly, ensure that you receive your products at the agreed shipping time.

Just like the product sourcing process, identifying a product sourcing agent requires similar levels of research! Key things to look for include:- A business license, experience and expertise, strong communication etc.

All credible sourcing agents should be licensed, which means they have the legal authority to conduct their work. It’s also a layer of protection for your business – if anything negative was to happen, you could use their business license number to track and then subsequently get in touch with them.

It goes without saying that your agent should have proven levels of expertise, but specialization in your chosen niche is just as important. If an agent has a good level of general knowledge in sourcing but has very little experience sourcing your product, it may be worth continuing your search for an agent who has more specialised experience sourcing products like yours, as they’re more likely to have a better network of suppliers and cost understanding.