How To Sell On Amazon FBA (Part #3) E.p. #124 - Q&A Selling Online - From Amazon FBA to Shopify, Digital Marketing and Facebook Ads




Q&A Selling Online - From Amazon FBA to Shopify, Digital Marketing and Facebook Ads show

Summary: Part 3 of sourcing products, with Retail Arbitrage, Wholesale, private label and creating listings to sell on Amazon Fba.<br> Just to recap, I started by explaining in part 1, the differences between Retail Arbitrage, Wholesale, Private label or simply by selling used or unwanted items you have around the house.<br> Yesterday I touched on the free and some paid software to track products, measure demand and even competition.<br> Then I also mentioned some of the sites I use to find manufacturers of the products.<br> Now I will let you know some best practices on how to use those websites.<br> Then we’ll discuss how to ship to Amazon and start selling.<br>  <br> Let’s start with how to deal with vendors in China.<br> It is very important to know that these vendors are getting messages from everybody all over the world.<br> So, your message may be one of 350 they received that day.<br> You better make sure that you don’t just sound like a tire kicker that will just waste their time.<br> At least have a signature with your company name. And this company doesn’t really need to exist yet.<br> They will call you by “Dear” doesn’t matter if you are a man or a woman. Its a way they have of being polite and respectful.<br> If you need to ask them several questions, make sure to number them. This will make sure they don’t skip any.<br> But, before you even start messaging the vendors, make sure to filter them a bit. There are options on Alibaba to filter by a Gold supplier, assessed supplier, and trade assurance.<br> Basically, this means they have been around for a long time, the assessed part means that their factory has been verified to be a real location, and trade assurance means they are willing to use Alibaba as the middleman for escrow services. You pay Alibaba, and they will hold the money until you get the product.<br> Talking about paying, there are a few more things that you need to know:<br> Every supplier will have an MOQ, this stands for minimum order quantity, and its the minimum quantity that they will allow you to order if you are personalizing the product (Like printing logos and etc)<br> Next is the 2 payment plan, the norm is paying 30% up front when ordering, then after getting the inspection done, you pay the remaining 70%.<br> By the way, this “inspection” is a crucial factor in making sure your order has the quality you need to sell on Amazon and not risk your seller account.<br> You know, lots of sellers try to lower the costs, by negotiating the price to the minimum possible, and contrary to what people believe, China can make the highest quality of anything… but you need to be ready to pay for quality, just like you would anywhere else. If you try to lower the cost of a $5 item to $3, the quality will suffer and your product will be cheaply made.<br> So, before lowering to much make sure you know exactly what kind of product you want.<br> For instance, I have one vendor that gave me a quote, and I didn’t ask for a single cent discount… instead, I said, I would accept the price if they guaranteed I would have the highest quality of anyone, and every single return or refund would be discounted on my next order. This product is currently the only product of mine that has 100% 5-star rating and not a single review was incentivized or given by friends. It’s actually so good that it’s Amazon’s choice and they put on the listing that it has 60% fewer returns than comparable products on that sell on Amazon.<br>  <br> So, now that you have found the manufacturer that has the product you want, is a gold supplier, assessed, and has trade assurance, you will need to negotiate the MOQ, to please your wallet and at the same time be able to fill the supply without running out of stock.<br> You place your order, and of course, to do so,