In the midst of so many other business activities, the importance of sourcing products from a trusted manufacturing partner can […]
In the midst of so many other business activities, the importance of sourcing products from a trusted manufacturing partner can […]
In the e-commerce world, if you have an excellent product to sell, you don’t have to wait for decades to […]
Developing a product is the first major step required to getting your new business off the ground. At first, it seems like an extremely cumbersome task, but when you break it down into 5 simple steps you’ll quickly realize it’s actually fairly simple.
Product packaging is oftentimes a crucial overlooked aspect of a customer’s experience. The package is another way a customer will view your business. A memorable opening experience can turn a one-time customer into one of your valued repeat customers by building your brand recognition and trust. Knowing this, it is important to get the packaging right and to help you, here are 4 tips to make it the best it can be.
Developing a product is the first major step required to getting your new business off the ground. At first, it seems like an extremely cumbersome task, but when you break it down into 5 simple steps you’ll quickly realize it’s actually fairly simple.
It’s no secret that cashflow is the life blood of pretty much any business and mismanaging your cashflow will likely lead to a failed business and bankruptcy. This is where trade finance comes in. Trade finance helps to supplement the cashflow of brands and manufacturing companies to help reduce the time with limited funds between ordering a product and selling it.
There comes a time in every entrepreneur’s career that they must sit down and negotiate with someone to make their product sourcing margins work. This is an important skill to master, especially when dealing with product suppliers. Here’s why you should learn this skill and how to use it.
Step one after figuring out what your business will provide is learning how and where to source your product or products. Before we get too technical, let’s explain why where and how a product is is sourced is important for a business.
When running a business you most likely won’t have all you’ll need in order to complete a project. You get any supplies or services you’ll need from vendors and vendor management is managing the vast amount of vendors you’ll gain. This is another important skill to learn when running a business, so to help you here are 3 tips to keep in mind when managing vendors.
Sometimes when running a business it will become necessary to import goods from outside of the United States. Importing goods from places like China to sell here in the United States can be a difficult job to do but not impossible. Not taking this side of the business seriously can lead to confiscated goods, overcharged goods and stolen/lost goods. Here are 3 things to keep in mind when importing from overseas.