Summary
What is product sourcing?
Product sourcing is the process by which a business attains stock to sell.
Types of product sourcing
DIY products or services. Manufacturers/wholesalers. Dropshipping. Marketplaces. Trade shows
Product evaluation
Is the product durable & of solid quality? Does this product have demand a solid profit margin? Is the product difficult or expensive to ship?
Consider product source resiliency
Have back up plan if your main source of your product is disrupted