Amazon Wholesale Sourcing with Dillon Carter of Vendrive CRM
Amazing FBA Amazon and ECommerce Podcast, for Amazon Private Label Sellers, Shopify, Magento or Woocommerce business owners, and other e-commerce sellers and digital entrepreneurs.
English - June 02, 2020 05:00 - 15 minutes - 14.2 MBEntrepreneurship Business Marketing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Amazon Wholesale Sourcing
Dillon Carter has made good money building an Amazon wholesale sourcing business alongside just finishing his college degree. He managed to do that because Dillon identified the key bottleneck in his business: managing the relationships with wholesale suppliers in a scaleable way.
To deal with this, Dillon and his co-founder developed in-house CRM software, Vendrive, which they have since made available to other Sellers on Amazon who source wholesale.
Today Dillon shares with us the basics of his take on the Amazon wholesale sourcing model.
You'll Learn
What Amazon wholesale sourcing is and why it's very worth doing, especially for those with less experience/less capital
what reverse sourcing is
The real block to getting this Amazon sourcing model working (hint: it's not about selling!)
The one "human" way that wholesale sourcing differs from sourcing via Retail Arbitrage or Online Arbitrage (RA/OA)
The difference between a "value transaction" and a "human transaction" when you're sourcing wholesale- and why you should be aiming to lose one of them!
The 3 key skillsets you need to use specifically for wholesale sourcing, to win the account
Why you should LOSE value...for free...to make money (confused? Listen to the episode!)
The CAC: LTV ratio - what it is, and how you can use it to think about your Amazon Wholesale business
Resources mentioned
Vendrive - CRM system for managing Amazon wholesale
Related Podcast episodes
Amazon wholesale business with Dylan Frost of The Wholesale Formula
Amazon wholesale with Dylan Frost of The Wholesale Formula
Wholesale sourcing for Amazon with Dan Meadors of The Wholesale Formula
Amazon wholesale marketing with Dan Meadors of The Wholesale Formula
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