Global Product Sourcing for Ecommerce Businesses with Sebastian Herz (Ep.66)

In this podcast episode, we focus on the importance of global product sourcing for e-commerce store owners and brands.

Sebastian Herz from Zignify Global Product Sourcing shares his background and experience in product sourcing, particularly in China.

He discusses the factors to consider when partnering with a supplier, the challenges of finding the right suppliers and negotiating prices, and the importance of quality control.

Sebastian also provides tips for contacting potential suppliers and shares a strategy called the "undercover hack" for getting better prices.

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You can find Sebastian Herz here:
https://www.linkedin.com/in/sebastianherz/
https://zignify.net/
https://www.linkedin.com/company/zignify/

You can also listen to the episode on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/whats-working-in-ecommerce/id1594627039
Google Podcasts: https://podcasts.google.com/u/1/feed/aHR0cHM6Ly93aGF0c3dvcmtpbmdpbmVjb21tZXJjZS5saWJzeW4uY29tL3Jzcw
Spotify: https://open.spotify.com/show/7KR2qIrN3FHQUvKFpN41ei

Timestamps:
00:00:00 - Introduction
00:01:02 - Sebastian explains global product sourcing and its importance.
00:02:02 - Sebastian shares his background and journey into product sourcing.
00:04:10 - Sebastian describes challenges faced when sourcing products in China.
00:08:56 - Tips for evaluating potential suppliers, including checking reviews.
00:09:54 - Difficulties and disagreements when working with suppliers.
00:10:41 - Advantages of working in an international business environment.
00:18:11 - Importance of considering supplier reliability for future business.
00:20:07 - Comprehensive search for potential suppliers to find the best.
00:23:26 - Importance of obtaining all contact data for suppliers.
00:26:12 - Challenges of finding the right supplier for a product.
00:27:07 - Manufacturers offering bribes to sourcing agencies.
00:33:15 - Emphasis on quality control during mass production.
00:35:11 - Negotiating prices with suppliers and pretending to be new.
00:36:07 - Difficulty in getting money back from suppliers in China.
00:37:09 - Strategy of finding new suppliers and renegotiating prices.

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