Ep 287 - The Hustle Behind Sourcy
EPISODE INTRODUCTION
Discover the power of sourcing as we delve into the journey of Sourcy's founder, Karl Chan. Explore Sourcy's cutting-edge approach to captivating its customer base, focusing on the middle market and using a blend of referrals, targeted business development, and digital marketing. With AI at its core, Sourcy aims to streamline sourcing processes, promising businesses the ability to find products swiftly, affordably, and seamlessly. Join us as we explore Karl's determination to digitize global B2B sourcing and international trade, ultimately simplifying the complexities of sourcing from overseas.
Episode Topics
[00:04:38] - The Constant Impact of Sourcing
[00:09:21] - Passion for Economics and Investment
[00:14:16] - Development of Business Analysis Skills
[00:15:49] - Transition From Consulting to Entrepreneurship
[00:25:06] - Sourcing Pain Points and Product Development
[00:28:43] - Transforming Sourcing With AI Technology
[00:32:08] - Sourcing Suppliers
[00:38:35] - Acquiring Customers for Sourcy
Quotes:
"So basically, our mission is really to help our buyers manage thousands of supplies at the same time. We want Sourcy to become the official seller of record, and as long as you are buying from Sourcy, you know that it is of high quality and it has a good price." - Karl Chan
“I think one thing about Sourcy is we are solving a huge problem, and I think it is probably for other businesses out there that are trying to raise money from venture capital. The first thing that they had to prove is the market size. How to face it? Damn, that's the problem that they are trying to tackle for Sourcy. We almost don't have to prove that, because this problem is so validated and so documented, very pervasive across the globe.” - Karl Chan
Connect with KARL:
Karl Chan (Linkedin): https://www.linkedin.com/in/karl-chan-kk/
Sourcy (Linkedin): https://www.linkedin.com/company/sourcy-global/
Sourcy (Website): https://www.sourcy.ai/
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