#357 - Profits are Maximized in Sourcing, Not Selling with Sebastian Herz

This podcast episode features Sebastian Herz, who runs a successful sourcing company with his wife. They discuss their experiences in the sourcing industry, the challenges and opportunities it presents, and the transformative power of technology in connecting people across continents. They emphasize the importance of experience, personal connections, brand building, and customer service in building a successful sourcing business. The episode also explores the dynamics of sourcing operations, the trend of diversifying sourcing locations away from China, the challenges and scarcity in the chips market, the difficulties faced by sellers in small production runs, and the value of outsourcing non-revenue generating tasks. Overall, the episode provides insights and strategies for succeeding in the sourcing industry.