![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. artwork](https://is5-ssl.mzstatic.com/image/thumb/Podcasts113/v4/5c/8c/54/5c8c5496-ac14-04bb-1e29-7526f98a2007/mza_2743409987729867378.jpg/100x100bb.jpg)
Private Label Sourcing -Private Label Strategy (step 6 of 10)
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 - September 05, 2019 05:00 - 48 minutes - 39.1 MBEntrepreneurship Business Marketing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
What’s the most critical prelude to sourcing?
Define what you’re looking for first!
China manufactures 80% of the world’s products. Its selection is just vast. Your job is to drill down.
The simplest starting point is: alibaba.com
Elimination is the name of the game
Filter on Alibaba: √ Gold supplier √ Assessed Supplier
Filter by responsiveness: Do suppliers answer your email? Answer your questions?
Filter by Sample: No point negotiating unless the product is quality. Time to get a sample!
Run the numbers: Go over your entire supply chain for your projected Profit & Loss. Know your numbers before you negotiate.
Negotiate: Agree Price, Quantities, Design & Freight.
Quality Control: Define exactly what you expect and all possible defects. Clarify that you will inspect.
Place your order: Detail everything then exchange documents & arrange to send money.