By Gary Huang
Recently one of my coaching students was stuck making a decision choosing between several suppliers for his private label product.
One of the suppliers offered a better price, lower MOQ, but had quality issues. The second supplier had better quality, but at a higher price and larger MOQ.
I recorded this short 5 min video where I breakdown the decision making process.
- What criteria to evaluate suppliers upon
- What’s the one thing you should NEVER neglect if you’re an amazon seller
- What I would do as next steps when I’m “on the fence” between suppliers
- What we can takeaway from Amazon CEO Jeff Bezos’ decision-making strategy to overcome analysis paralysis
Check out this YouTube video I recorded and let me know if you agree.
Gary Huang is an American based in Shanghai, China, and working in sourcing since 2008. He is the creator of 80/20 Sourcing, which helps small business importers quickly and efficiently source from China. Gary also serves as the Co-Chair of the American Chamber of Commerce in Shanghai’s Supply Chain Committee. You may contact him at www.8020sourcing.com/contact.