Sourcing Wholesale 101

Contents:

  • Wholesale 101: A Guide to Product Sourcing for Entrepreneurs and Small Business Owners
  • Wholesale 101 : a guide to product sourcing for entrepreneurs and small business owners
  • Wholesale A Guide to Product Sourcing for Entrepreneurs and Small Business Owners
  • Find a copy online
  • Get On The Wholesale Formula Waiting List
  • Purchase Options

    • Wholesale 101: A Guide to Product Sourcing for Entrepreneurs and Small Business Owners

    If you fully understand that successful businesses are built not by chasing unicorns, but with sweat equity…then you should continue reading. The system my business partner Eric and I have used to create a multi-million dollar online business is not new or revolutionary in any way. Actually, it has existed pretty much forever. It really is that simple. We buy low wholesale prices and sell high retail prices. Now here is the secret sauce; the thing that makes the wholesale business model possible for just the average person like you and me to replicate.

    For decades, the hardest part to replicate in the business model for the average Joe was part C. It required a lot of money to have enough retail space to store and display all that product, and even more money for the marketing and promotion to get people into your store and buying.

    Wholesale 101 : a guide to product sourcing for entrepreneurs and small business owners

    Amazon has completely revolutionized online business forever because their massive marketplace will do that part for you. This makes it possible for almost anyone at any level, people like you and me, to start an online retail business. If you are going to be selling stuff on Amazon, it is important to understand what exactly Amazon is and how it works. You might roll your eyes at the fact that this is a step at all, but I fully believe this is the most important step there is.

    That means more stuff is bought and sold on Amazon.

    Wholesale A Guide to Product Sourcing for Entrepreneurs and Small Business Owners

    When you shop on Amazon and purchase a product, there is a really good chance that the product you bought was not actually sold by Amazon. Yes, you bought it on the Amazon website, but the real seller the person who listed the product for sale on Amazon. Heck, it could be me. It could be the guy or gal down the street. And after finishing this blog, it could be you! About half of all products sold on Amazon. Amazon did over billion dollars in revenue for and they are still rapidly growing.

    Do I really need to do the math for you? If you are wondering what it costs or how hard it is to sign up as a seller…well…it is FREE. You can complete the application process in about 15 minutes and BOOM, you are live to start selling. It is so easy that it would be hard for you to make up an excuse NOT to do it. But there has to be a catch, right? Amazon takes a commission on every sale that is made on their website and we gladly pay it.

    Remember a second ago when I said for centuries the hardest part about owning a retail business was getting your products in front of as many people as possible? If you owned a physical retail store in your local city, on a good day you might have 50 people come into your store to browse. By comparison, over million people shop on Amazon each month.

    Amazon provides the customer base so that you can easily sell tens, hundreds or even thousands of products every single day. But what about the delivery of those products? Even if you were able to sell that many products, how would you actually go about shipping out all those orders?

    Well…Amazon will actually do all that for you too. FBA stands for Fulfillment by Amazon. It is exactly what has enabled Amazon to generate half of its retail revenue from 3rd party sellers. To explain what exactly FBA is, I will let you hear it straight from Amazon themselves with this second video. With FBA, Amazon will store all your products in their warehouse, prep and ship the products to customers for you, and handle all customer service and returns. With FBA, you can accomplish by yourself from your living room what would have taken a warehouse and a team full of employees just 10 years ago.

    This is the crazy part.

    Find a copy online

    Enrolling in the Amazon FBA program costs you nothing up front. You only pay a per item fee for products when they actually sell. This is the fastest and easiest step. I have already gone into detail about the benefits of selling on Amazon and using the FBA program. All you have to do here is commit. Commit to whatever it is you want to accomplish. With Amazon FBA, you can go as big or small as you want.

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    To get started making those goals a reality, all you have to do is set up an Amazon seller account. So, what do I sell?

    Get On The Wholesale Formula Waiting List

    The answer to that question is very simple. You sell what people are buying. Picking the right products is the key to a successful e-commerce business.

    You make the wrong move here and you will end up spending your money on a bunch of junk that never sells. Our framework for identifying products that will sell fast and make you money is a huge pillar of our training program The Wholesale Formula. We only conduct the program a couple times per year and enrollment generally only lasts about a week. The program is also not cheap.

    I will give you a summarized version of how we source products right here. There are two ways people traditionally source for products to sell on Amazon: Going to tradeshows or signing up for accounts with distributors and wholesale companies. Contacting Chinese manufacturers and having them put your own brand name on generic products that you will launch on Amazon.

    This process is called private label. Both of those strategies for sourcing products are harder, more time intensive and riskier. How we source starts with our Reverse Sourcing concept. It is one of the major things we have developed that allowed us to succeed where many others have failed. We start our search for products on Amazon itself. Remember when I said that you want to sell what people are buying? Please enter recipient e-mail address es. The E-mail Address es you entered is are not in a valid format. Please re-enter recipient e-mail address es. You may send this item to up to five recipients.

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    • The Eternal Way.
    • Product sourcing Educational Wholesale Directory.
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    Jason A Prescott Publisher: English View all editions and formats Summary: Learn the Secrets to Succeeding in Global Trade Wholesale provides the tools and insight you need to launch a successful business by combining various platforms-B2B sites, trade shows, trading companies, and others--into a powerful product sourcing strategy.

    Whether you're looking to drop ship from wholesalers and manufacturers or import product direct to sell in your store, this unparalleled guide reveals inside information of an industry full of secrets. Allow this favorite library to be seen by others Keep this favorite library private. Find a copy in the library Finding libraries that hold this item Electronic books Additional Physical Format: Document, Internet resource Document Type: Jason A Prescott Find more information about: Helps you learn the secrets to succeeding in global trade.

    This title provides the tools and insight you need to launch a successful business by combining various platforms-B2B sites, trade shows, trading companies, and others - into a powerful product sourcing strategy.

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    Commit to whatever it is you want to accomplish. Sourcing Product For Amazon: It seriously becomes addicting. They never figure out how to break through and get approved to sell these amazing products. For shipments to locations outside of the U.

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