1The Changing World of Product Sourcing
We are all working together, that’s the secret.
—Sam Walton (1918–1992), founder of Walmart
TO OBTAIN success, retail and wholesale entrepreneurs need to know how to source products. Skip McGrath, online selling expert and coach, agrees, “As a retailer or wholesaler, you make money on products when you buy them, not when you sell them.” That’s why product sourcing is so important. In fact, knowing how to source successfully is one of the most closely guarded secrets among resellers. An eBay seller, for example, will share all kinds of information with new sellers just starting out; typically, they are that helpful. But just see what happens when you ask a seller where he sources his products from; he clams ...
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