When it comes to sourcing your own products to sell online, you’ve undoubtedly come across the terms white label, private […]
All posts tagged: Private Label Manufacturing
How to Develop a New Product in 5 Simple Steps
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.
How to Develop a New Product in 5 Simple Steps
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.
The Basics of Product SKU Fragmentation
A SKU (stock keeping unit) is a tool used in the field of inventory management as a specific product identifier. It is a number or term that is assigned to individual retail products to identify price, product options, and manufacturer. Different retail locations and sources of sale use different SKUs to identify products. Unlike UPC codes, these are not universal or standardized, but in house specific. SKUs keep track of inventory and each variant of a product has a unique SKU.
4 Great Tips On Negotiating with Product Source Suppliers
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.
3 Methods of Sourcing a Product
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.