![]() ![]() Or perhaps, you are eager to join the maker economy - a movement of people, producing their own products for sale. In 2020, the global handicraft market was valued at $647 billion.įrom solo artisans producing exquisite handmade jewelry to acre-wide ateliers weaving heritage Persian rugs, there are many curious options you can explore. No option is inherently better than another, but there are a variety of factors to weigh when determining which works best for your business - and for you. To keep your search productive, prioritize the following five sourcing vectors: But it’s easy to get lost in the rabbit hole of research. The world of supply is wide-ranging and wonderful. Typically, the product sourcing process includes:Īfter reading this post, you’ll learn where to find product suppliers for your online store, what things to consider during negotiations and how to stock inventory your consumers will love! Types of Product Sourcing To find marketable inventory for your online store, you can explore manufacturers, wholesalers, artisans and other types of creators and businesses who produce merch for sale. Product sourcing is the process by which a business attains stock to sell. Thanks to the increase in global connectivity, sourcing and trading products has become much easier. Today, merchants can take the same amazing journey without leaving the comforts of their homes. Historical trade routes such as the Silk Road, the Amber Road and the Trans-Saharan Trade Route crisscrossed the globe and linked unique communities with one another. ![]() Traveling in caravans, sailing on schooners or riding atop of a horse, fearless traders wandered many miles from home to source products the local folk had never seen before. Many moons ago, merchants embarked on long journeys to far away lands. ![]()
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