Smart Sourcing to Maximize Gross Profit – Webinar Roundup with Payability and Private Label Movement

[fusion_builder_container admin_label=”” hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”0px” margin_bottom=”0px” padding_top=”30px” padding_right=”0px” padding_bottom=”0px” padding_left=”0px”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text]Want to grow your Amazon business? You need to invest in smart sourcing strategies and take the time to build the supplier relationships that give you the most gross profit potential.

Payability’s own Brent Cohen was recently a special guest on Private Label Movement’s Webinar “Smart Sourcing to Maximize Gross Profit.” Brent and Kevin Rizer dove into exactly how to source smartly and which negotiating strategies can really contribute to your gross profit.

You can check out the replay on YouTube or download the presentation here.

Watch the webinar replay to learn smart sourcing and negotiating strategies to maximize and realize the gross profit on the buy side.

Key Takeaways:

  1. Take the time to research the right suppliers.
  2. Beware of monopoly suppliers: look to source from at least 2 suppliers per product
  3. Building actual relationships with your suppliers is key. You’ll be top of mind and they’ll be there for you in good times and in bad times.
  4. Use your supplier relationships to identify leverage opportunities. What matters to them and how can you use this leverage in your favor?
  5. Negotiate, negotiate, negotiate. Always.
  6. Pursue the negotiating leverage that leads to more gross profit potential for your business.

Watch the webinar replay to learn smart sourcing and negotiating strategies to maximize and realize the gross profit on the buy side.

Don’t forget, always be negotiating!

Thanks to our friend Kevin Rizer at Private Label Movement for having Brent on the webinar.

Watch the recap of the webinar here or check out the slides below.

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