I’ve been sourcing items for about a month or two now. Everyday checking where I can get good deals. I have found four suppliers and have chosen one. I have already paid a 50% down.
Today, I found someone that could possibly be better. Price wise, not really. But I feel like the product may me better. I’m not sure why I never saw this supplier when I was still sourcing as I was scouring the internet every chance I could get.
For those that had buyers remorse, how did you deal?
I put in the maximum amount that I’m willing to spend, so I dont feel comfortable buying for seller #2 just yet. I have ordered a sample though. I’m also not 100% sure that he’s better.
I just feel like I’m missing out.
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I do sourcing for others as part of my business, and I can tell you that, at least for products used in real estate, almost nothing is valid or accurate online.
Side deals and special programs, terms and prices that aren’t advertised are the name of the game, and are based on your volume or potential volume with those vendors are the only way to operate.
Just create a vendor performance scorecard and build some processes for vendor management - always be shopping, negotiating and tracking.
Relationships matter also, and those always get reflected in a scorecard if you’re keeping one.