How do I know if a product is worth sourcing?
Great question! A product’s feasibility depends on a few key things:
- Costs: Can you produce, ship, and clear customs at a price that still leaves room for profit? Crunch those numbers early!
- Supplier Availability: Are there suppliers who can meet your quality standards and produce at the volume you need? Reliability is everything.
- Market Demand: Is there enough interest in the product to make sourcing worthwhile? A hot trend doesn’t always mean steady demand.
- Regulatory Compliance: Will the product meet the legal and safety standards for your target market? Always check compliance before diving in.