· By Jordan West
Ep 453: Global Product Sourcing For DTC With Yulia Blinova, Zignify
The rise of e-commerce and globalization has made it easier for businesses to access suppliers from around the world, but it also created new challenges and pains. However, the experts always have the right solutions to overcome these issues.
In this episode, Jordan West talks to Yulia Blinova from Zignify Global Product Sourcing. They talk about all things product sourcing and some tactical ways to get the best possible deals for your business.
Listen and learn in this episode!
KEY TAKEAWAYS FROM THIS EPISODE
- It is always good to have backup plans for the safety of your supply chain.
- Have a potential factory somewhere outside of the country where you originally produced.
- If your products are complicated and you need to source outside China, do not source by product.
- When sourcing outside of China, consider contacting at least 60 factories because they will need more time to respond to you.
- On average, it takes about 3 e-mails and 4 phone calls for one factory to respond.
- Trust people who have proven experience and expertise in product sourcing.
- Always be knowledgeable of the culture of the people you are talking to.
- Be nice when communicating and doing transactions with people.
- The best way to get an immediate response from a US manufacturer is to contact them through the contact form on their website.
- What you give to others will always come back to you.
Recommended Book:
The Go-giver https://thegogiver.com/
Today’s Guest:
Yulia Blinova is the founder of Zignify Global Product Sourcing. She’s been working in product sourcing for the last 18 years. She is an expert in business and strategy development, project and team management, sourcing, and negotiations with different people and countries.
Connect and learn more about Yulia and Zignify Global Product Sourcing here: Website: https://zignify.net/
LinkedIn: https://www.linkedin.com/in/yuliyablinova/
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In this episode's sponsor is Revenued - is a financial technology company that provides businesses with revenue-based financing solutions. Instead of relying on credit scores or collateral, Revenued offers funding based on a company's revenue. This allows businesses to access capital quickly and repay it as they generate income.
Learn more here: Revenued