Feb 11, 2019
Almost every new Amazon seller have things that stop them from jumping into wholesale and wholesale bundling. Typically, people are held back by fear - fear of the unknown - and by myths surrounding vendors. It may be that you are worried about saying something stupid when dealing with a vendor or it may be that you are stuck trying to find wholesale suppliers.
Today, we dispel the myths about buying wholesale for Amazon FBA. We reveal what it means to deal in wholesale and how to get vendor accounts. We share where you can find 100s of wholesalers and break the myths around minimum orders, margins, Amazon fees, and prep centers. We also highlight the value of building relationships with vendors and how to get around issues such as vendors that won’t send a product to a residential address.
“You are never going to know unless you ask. Don’t assume that you are going to get a no; you may be surprised by which wholesalers will work with Amazon sellers.” - Amy Feierman
This week on the Amazon Files:
- How wholesalers’ attitude towards Amazon sellers have changed during the previous months.
- Trade show stalking and how to get a list of 100s of wholesalers.
- How to find wholesalers that have low minimum-order values.
- How to get the best price from your vendors and when to ask for a better deal.
- Why quantity and convenience make wholesale product sourcing more attractive than retail.
- How your average selling price can save you on Amazon fees and make more profit.
- Why you should speak to your vendor’s representative to find the best sellers.
- The importance of shopping around and how creating bundles can increase your return on investment.
- Why Google is the last place to find wholesale vendors and where you should find them instead.
- How to get around vendors who only deliver to a residence and when to switch to a prep center.
- How having a website can help Amazon bundlers get a yes from wholesale vendors.
Mommy Income Question of the Week:
- When should I start using a prep center and when does it make sense to add this cost?
Resources:
Related Content:
Get the PROVEN System to Maximize Your Profits on Amazon Through Wholesale Bundling!
Don’t know where to start in your wholesale bundling Amazon business? We teach a lot of different strategies for searching wholesale bundles and creating your own unique bundles. Learn the A to Z of Amazon wholesale bundling through Mommy Income’s Wholesale Bundle System. Visit MommyIncome.com/system for more information.
Grow Your Amazon Business!
Thanks for tuning into this week’s episode of The Amazon Files, the show to help Amazon seller along their business journey one step at a time with your hosts and Amazon experts, Amy Feierman and Kristin Ostrander. If you enjoyed this episode, head over to iTunes, subscribe to the show and leave us your honest review. Don’t forget to share your favorite episodes with your friends on social media! Use the codeword Myth Busters to join us on Facebook. Each week we host a live discussion on how to grow your Amazon business. Don’t forget to check out our website and subscribe to our mailing list for even more resources.