Startup Bros – E-Commerce Empire
Product Research and Market Analysis
Do you want to build a private label product or do you want to gamble? The biggest mistake newbie e-commerce sellers make is to rush past or entirely skip the product research phase of launching a product.
Without analyzing the potential margin or market demand of a specific product, you’re shooting in the dark. You’ll save yourself a lot of time and money by doing proper product research.
Sourcing and Negotiating for Samples
Our Top 3 Supplier Hacks:
- Never Be The Boss
Always negotiate as a purchasing manager or secretary.
- Use 3rd Party Financial Protection
Use a form of Escrow or Paypal to protect yourself from getting scammed.
- Place Small Sample Orders
It’s easy to get most suppliers to reduce their MOQ, so order 10-15 units to test the market demand.