Phase 1: Sourcing and Cost Validation
Before you buy anything, log it in your spreadsheet.
This is your pre-purchase checkpoint.
Enter the product name, supplier, unit cost, and estimated shipping.
Let the spreadsheet calculate total landed cost and estimated profit.
If the margin is green, proceed.
If it is red, walk away.
This single habit prevents 90% of bad purchases.
Professional resellers never buy on impulse.
They buy on data.
Add a Sourcing tab to your spreadsheet where you list potential deals before committing.
Rank them by margin, then buy the top three.
This transforms random shopping into strategic purchasing.