Are you an Amazon FBA seller looking for ways to source products for your business?
Catalyst88.com has the perfect guide to help eCommerce and Amazon FBA-focused entrepreneurs.
Here are 8 tips for sourcing for Amazon FBA sellers.
1. Get to Know Your Target Market:
Before you start sourcing for Amazon FBA, you need to understand your target market. Research the needs and wants of your customers and use this information to source products that meet their needs.
2. Use Amazon’s Supplier Central:
Amazon’s Supplier Central is a great resource for finding reliable suppliers. It allows you to search for suppliers based on product type, price, and location. Also, you can connect with other Amazon FBA sellers to get feedback on how different suppliers have performed. Never heard of SupplierCentral – here’s an example export where you can find even more up-to-date versions if you work for it.
3. Consider Using Wholesalers:
Wholesalers can be a great source of products for Amazon FBA sellers. They usually offer competitive prices compared to manufacturers (when factoring in all variables) and can be more flexible when it comes to ordering sizes. More products to test can lead to knowledge so you know what to invest as a private label item in the future.
4. Research Your Suppliers:
Before placing an order with any supplier, it’s important to research them to make sure they are reliable and trustworthy. Look for customer reviews and feedback to get a better idea of how the supplier operates. Don’t forget to learn about the Supplier checklist from resources like ProductSavants.com.
5. Look for Quality Products:
Quality is key when it comes to sourcing for Amazon FBA sellers. If a product isn’t of good quality, it’s likely to be returned or left with a negative review. Take the time to research the products you’re sourcing and make sure they meet your quality standards. Order from competitors and deal with reality and not wishful thinking.
6. Use Dropshipping:
Drop shipping is one of the easiest ways to source products for Amazon FBA. It eliminates the need to store or ship inventory, as the supplier will do this on your behalf. Sometimes you can drop ship from Ali Express or Wish or local wholesalers to test new product ideas without going all in.
7. Consider Using Multiple Suppliers:
If you’re sourcing a single product it may be best to use multiple suppliers. This will give you the flexibility to switch suppliers if needed and could help you get better prices. Having a back up supplier that can produce the same item is increasingly important as your business scales.
8. Negotiate Prices:
Don’t be afraid to negotiate prices with suppliers. Many suppliers are open to negotiation, so it’s worth asking for discounts or better deals. But remember that suppliers will often engineer the item to achieve lower prices which means you must be very aware of product fade. READ POORLY MADE IN CHINA.
By following these 8 tips, you’ll have the best chance of finding reliable suppliers and sourcing products for your Amazon FBA business. At Catalyst88.com, we can help you get started and provide you with the resources you need to be successful during sourcing trips. Keep watching for hosted trips around the world for Sourcing.