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 MB
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Next Episode: Mindsets of European Amazon Sellers with Augustas Kligys

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.

Watch my full discussion of Private Label Sourcing - Private Label Strategy