Ep. 2953 - Q&A: “How can I negotiate better terms with my suppliers?”
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 31 January 2025
⏱️ 6 minutes
🧾️ Download transcript
Summary
In today's episode, we help a bakery owner navigate supplier negotiations. Learn how to improve payment terms, reduce costs, and build stronger partnerships with your vendors.
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | With our longtime partner, ShipStation, you can save hours and money every month by shipping |
| 0:04.3 | from all your stores with one login. It also lets you find the best rates among all the global |
| 0:09.1 | carriers allowing you to focus on other parts of your business. Calm the chaos of order |
| 0:13.5 | from a moment with the shipping software that delivers. Just go to shipstation.com and use code |
| 0:17.8 | side hustle to sign up for your free trial. That's shipstation.com |
| 0:21.8 | code side hustle. |
| 0:25.6 | Lemonada. |
| 0:30.2 | How can you negotiate better terms with suppliers? |
| 0:37.7 | Welcome, friends. |
| 0:38.6 | Welcome back to Sidosville School. |
| 0:39.9 | It's the last day of the month. |
| 0:41.3 | In today's episode, we're going to help a bakery owner navigate these supplier negotiations. |
| 0:46.8 | He's got a small bakery, it sounds like. |
| 0:49.2 | He'll tell us a little bit about it. |
| 0:50.9 | And naturally, he relies on suppliers, and the costs can add up fast. So he's like, |
| 0:55.8 | what can I do about this? Can I negotiate better terms without straining the relationships that I've |
| 1:00.8 | built here? We had a consignment question about this. Well, consignment sales maybe 10 days ago |
| 1:07.3 | from someone who was selling jewelry in a consignment shop, and she was like, |
| 1:11.7 | I pay 40% commission. |
| 1:12.9 | That feels like too much. |
| 1:14.6 | And this is a little bit different because unlike a consignment shop, like she had other |
| 1:19.3 | ways to sell her business. |
... |
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