How to Tell if Your Product will be Profitable: The Importance of Product Validation
If you don’t know the answer to this question for absolute certain, it is time to add a very simple, but critical step to your sourcing game. Product Validation
Product validation is the process by which an importer determines whether the advantages of Chinese manufacturing outweigh the potential pitfalls with respect to their specific product.
We’ve seen this scenario countless times: People wait until the last minute, moments before placing an order with their supplier to check for things such as shipping costs, import requirements, duty rates and even patents! It’s absolutely maddening. Not only that, it’s a colossal waste of time to spend any effort on sourcing a product without first validating that product.
We offer a free guide to teach you how to avoid this time sink on your next sourcing project.
It will save you time and money on every product you ever source. BEFORE you place the order!
To conduct a proper validation, there are about 24 things you need to look out for. Luckily for you, we do this so often that we’ll share our strategies for validating products quickly and simply. If you’d like our Product Validation Guide, click the ebook icon below to download it!
Be sure to adopt product validation as a part of your standard operating procedure when picking products to sell. Without it, you’re operating on hope and luck. With it, you’re operating on data and facts. Big difference.