As we’re entering spring, as the saying goes you reap what you sow. If you want to crush it in Q4 you need to plant seeds NOW for your ecommerce and private label businesses
One of the best way to do this is sourcing your products successfully and learning new strategies to stay ahead of the competition.
So I wanted to share two pieces of news with you this week.
First off there’s a potential game changer in how to quickly source suppliers from China and other countries.
Jungle Scout just released a new feature called “Supplier Database”.
There’s a couple ways you can use it.
The first way is you can use it to search for products you’re sourcing and it will list potential suppliers. I found that the supplier matches were not that great however. I tested it with my products and did not find my suppliers as a match
BUT the cool thing about Supplier Database is the second way – That is you can search for your competitors’ company’s names to find the exact suppliers that they are using.
In other words you can SPY ON your competitors to find out their suppliers!
And the third way is you can search by supplier/factory name to find out who they are manufacturing for. Wanna know if you’re the biggest client for your supplier – now you can find out.
Previously this info was available but only behind an expensive paywall through sites like Panjiva and import genius.
Now it’s available as a part of Jungle Scout’s web (Chrome) extension. You can signup for Jungle Scout if you haven’t already here.
In my view it’s a no brainer as another tool in your toolkit to source suppliers. Does it replace all of the other manual work searching for suppliers on Alibaba and trade shows?
Not really as it’s not a magic bullet to find the perfect supplier for every product.
But it can help short cut the process… 80/20 Rule!
The second piece of news is the upcoming Global Sources Summit for Amazon and ecommerce sellers in Hong Kong.
This one of my favorite ecommerce conferences and I’ve spoken there and attended as well. This year it will place April 27-30 and you can surround yourself with successful ecommerce sellers including 7 Figure Sellers featured in #7FSS including Chris Rawlings, Sophie Howard, Dave Bryant, Mike Jackness, Sean Smith, and more!
As a loyal reader, I’d like to offer $100 off your ticket
Just use code 3GH100 when checking out – to save US$100!
Check out www.globalsources.com/summit for more info.
-Gary
PS: Going to the Canton Fair? The Global Sources Summit takes place in between phases 2 and 3 so if you’re flying out to China/Hong Kong it makes a lot of sense to attend both to maximize your trip – learn, network, and source!
