#395 - Mastering the Art of Supplier Negotiation and Sourcing with Lyden Smithers | AM/PM Podcast

This podcast episode revolves around the speaker's experiences and insights in the Amazon selling business, supplier negotiation strategies, building relationships with Chinese suppliers, sourcing products from China, collaboration with suppliers, visiting factories, protecting innovative product ideas, understanding numbers and treating the business seriously, optimizing various aspects of the business, portfolio analysis and continuous improvement, focusing on one e-commerce platform before expanding, the importance of community support, and the impact of consuming valuable content.

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#395 - Mastering the Art of Supplier Negotiation and Sourcing with Lyden Smithers

AM/PM Podcast

Techniques and Numbers: A Conversation with Lyden Smithers on Sourcing and Procurement

Reconnecting and Venturing into the Amazon Game: The Story of a Partnership

The Early Journey in Amazon Selling: Lessons Learned from Mistakes

The Journey to Becoming an International Speaker and Successful Supplier Negotiation

Strategies for Effective Supplier Negotiation: Unveiling the Art of Lay Out

Building Relationships and Leveraging Trust with Suppliers in China

Building Trust and Understanding in Chinese Business Culture: The Importance of Face-to-Face Meetings

The Benefits of Sourcing from China: Quality, Volume, and Pricing

Collaboration and Cost: Finding a Win-Win Scenario in Product Development

The Value of Observing Factories and Understanding Production Lines in China

Building Rapport and Establishing Exclusivity: Navigating Innovation in Product Development

Understanding the Importance of Relationships and Trust in Supply Chain Management

Maximizing Success on Amazon: Understanding Ad Spend and Wasted Costs

The Importance of Portfolio Analysis and Focusing on Local Businesses

The Importance of Focus and Community in e-Commerce Success

The Power of Community and China Magic Trip for Business Growth

#395 - Mastering the Art of Supplier Negotiation and Sourcing with Lyden Smithers

AM/PM Podcast

00:00Techniques and Numbers: A Conversation with Lyden Smithers on Sourcing and Procurement

Techniques and Numbers: A Conversation with Lyden Smithers on Sourcing and Procurement

04:01Reconnecting and Venturing into the Amazon Game: The Story of a Partnership

Reconnecting and Venturing into the Amazon Game: The Story of a Partnership

07:56The Early Journey in Amazon Selling: Lessons Learned from Mistakes

The Early Journey in Amazon Selling: Lessons Learned from Mistakes

10:36The Journey to Becoming an International Speaker and Successful Supplier Negotiation

The Journey to Becoming an International Speaker and Successful Supplier Negotiation

13:33Strategies for Effective Supplier Negotiation: Unveiling the Art of Lay Out

Strategies for Effective Supplier Negotiation: Unveiling the Art of Lay Out

16:57Building Relationships and Leveraging Trust with Suppliers in China

Building Relationships and Leveraging Trust with Suppliers in China

20:58Building Trust and Understanding in Chinese Business Culture: The Importance of Face-to-Face Meetings

Building Trust and Understanding in Chinese Business Culture: The Importance of Face-to-Face Meetings

23:07The Benefits of Sourcing from China: Quality, Volume, and Pricing

The Benefits of Sourcing from China: Quality, Volume, and Pricing

26:07Collaboration and Cost: Finding a Win-Win Scenario in Product Development

Collaboration and Cost: Finding a Win-Win Scenario in Product Development

29:14The Value of Observing Factories and Understanding Production Lines in China

The Value of Observing Factories and Understanding Production Lines in China

33:29Building Rapport and Establishing Exclusivity: Navigating Innovation in Product Development

Building Rapport and Establishing Exclusivity: Navigating Innovation in Product Development

36:40Understanding the Importance of Relationships and Trust in Supply Chain Management

Understanding the Importance of Relationships and Trust in Supply Chain Management

42:04Maximizing Success on Amazon: Understanding Ad Spend and Wasted Costs

Maximizing Success on Amazon: Understanding Ad Spend and Wasted Costs

46:35The Importance of Portfolio Analysis and Focusing on Local Businesses

The Importance of Portfolio Analysis and Focusing on Local Businesses

50:27The Importance of Focus and Community in e-Commerce Success

The Importance of Focus and Community in e-Commerce Success

54:41The Power of Community and China Magic Trip for Business Growth

The Power of Community and China Magic Trip for Business Growth