Transitioning From Product Trading to Product Development

Background: Alibaba is by far the most extensive open public database of suppliers in the world. Cementing itself as China's e-commerce giant, Alibaba supplies a list of suppliers that can produce products with very little uniqueness at very affordable prices. This has led to a market saturated with similar products and very low margins. A study from Deloitte states launching new products is the number one strategic objective for product based companies. There are two main reasons why creating new products is essential: Differentiates yourself from the competition - Only you can sell that product Higher Margins - Because only you can sell that product, you can charge a premium. Successful pr


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