5 Ways HQ Source Products
A good dropshipping agent is good at product sourcing. It needs to consider about the cost, quality, delivery time, way of package and etc. This is what HQ do for Source Product. Knowing where to source your products requires balancing several variables, including consumer demand, cost constraints, delivery timetables, and warehouse space. Here are some examples of sourcing ways HQ use.
Working with wholesalers is a good option if you sell an established product, such as electronics or home goods. Wholesalers sell products sourced from elsewhere at sizable discounts — but it needs to buy in bulk to unlock those discounts, so when there is large amounts of orders, it's the cheapest way to source. In this way, we also offer discount to customers who need bulf purchase, just make sure your consumer demand is high enough to justify such a large order.
Ordering too much inventory can tie up your cash for months and drive up carrying costs since you must pay to store the extra stock. Plus, if the goods you order become obsolete or unpopular, you could have thousands of dollars worth of merchandise that’s hard to sell.
In China, there are most source factories and with best quality. From clothing, toys, electronics, home appliances, to cosmetics, daily suppliers, we have almost any category processing plant in ChinaWorking with manufacturers cuts out intermediaries like wholesalers or distributors, decreasing the per-unit cost of an order. You aren’t paying the markup they charge for sourcing the product and purchasing large quantities of stock. But manufacturers require large or bulk orders, so your initial investment can be quite high.
If you’ve developed a custom product and can no longer meet demand via DIY production, sourcing directly from a manufacturer is likely the only option. That’s because wholesalers and distributors won’t have an incentive to purchase something specific to your brand because they can’t sell it to anyone else without the rights to your design. However, working with manufacturers makes it easier to scale your unique product and grow your company, which pays off in the long run.
Many small business owners favor dropshipping because it’s a low-risk option for generating sales and getting products into consumers’ hands. Under the dropshipping model, you don’t handle the product. Instead, you pass orders to your dropshipper, who sends the product directly from their facility to the consumer.
Dropshipping has a few downsides, including a lack of control over inventory. You can’t control the quality if the product goes straight to the customer. Also, profit margins tend to be smaller since you aren’t benefiting from bulk order discounts.
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