Product Sourcing Expert Business

2 Product Sourcing Expert Business Success Stories [2024]

Pat Walls

•

Updated: October 8th, 2024

Product sourcing specialists help companies reach more efficient sourcing processes to save costs and maximize profitability. As a product sourcing specialist, you will negotiate with the suppliers to obtain goods, materials, and services at the best prices.

To excel as a product sourcing specialist, you must have strategic sourcing approaches and extensive knowledge of the commodity industry.

In this list, you'll find real-world product sourcing expert business success stories and very profitable examples of starting a product sourcing expert business that makes money.

1. Alice James Global(AJG) ($900K/year)

Fed up with hitting a glass ceiling in the corporate retail world, Alice James took her decade-long experience and industry network to launch Alice James Global from her daughter's bedroom; today, her team of 11 supports over 30 brands monthly, including 8 Shark Tank successes.

How much money it makes: $900K/year
How much did it cost to start: $10K
How many people on the team: 8

Consulting Fashion Entrepreneurs After Quitting My Corporate Job [$900K/Year In Revenue]

Alice James Global, a fashion brand consulting firm, has experienced impressive growth, supporting over 30 brands per month and achieving an average annual growth of 60% over the last three years, with notable collaborations with brands such as Target, Nordstrom, and HomeGoods.

Read this case study

Read by 1,433 founders

2. Siva Solutions Inc. ($60K/year)

Senthil Kumar, the founder of Siva Solutions Inc and American Dental Software, was inspired to start his business after his wife, who is an oral surgeon, told him about the exorbitant prices charged by website developers in the dental industry. As a software developer himself, Kumar saw an opportunity to offer affordable website development solutions specifically tailored to dentists. He incorporated features such as 3D dental education videos and interactive patient forms into the websites, ultimately helping dentists improve their online presence and streamline their processes.

How much money it makes: $60K/year
How many people on the team: 20

On Starting A Niche Web Design Business In The Dental Industry

Senthil Kumar spearheads Siva Solutions Inc, a game-changing digital marketing and software development company which caters to dentists using an array of well-crafted products to manage patient data and inquiries, thus enabling efficient management of processes, while boosting them to the 1st page on Google.

Read this case study

Read by 5,994 founders