Episode Overview

Sourcing products from China or other overseas manufacturers can be one of the most challenging aspects of private labeling. Peter Zapf, Chief Information Officer of Global Sources joins Kevin to discuss best practices and managing the supply chain. Some of the topics discussed include:

The differences between Alibaba and Global Sources?

The value of trade shows how attending them can benefit your business.

Changes and improvements to importing from china.

Factors that drive smaller order quantities.

Self-serve supply chain technologies

The value of inspection services and how to use them to ensure quality.

The biggest mistakes private label entrepreneurs make when sourcing from China.

Avoiding mistakes through developing business processes and best practices.

The value of a quality control checklists.

Six steps every private label entrepreneur should take when sourcing products:

1. Obtain multiple samples.

2. Create a quality control checklist.

3. Select supplier

4. Place the order with quality control standards clearly stated and accepted by the manufacturer.

5. Require a third party inspection and review the report.

6. Approve or disapprove final shipment.

The best questions to ask when interviewing potential suppliers.

How to create incentives for on time delivery

The value of creating personal relationships with suppliers.

What suppliers look for when choosing to work with buyers?

How to present yourself to suppliers so they will take you seriously.

How to verify information about potential suppliers.

Which trade shows to attend - the differences between the Canton Fair and Global Sources.

Tips for sourcing electronics from China.

Best ways to make payments to suppliers for samples and inventory orders.

The future of private labeling and Pater's #1 pieve of advice.

Peter's Recommendations