📝 Table of Contents
1. Introduction
2. Q&A with Marvin
1. Thoughts on Selling Lists
2. Using Fiverr to Start a Product to Sell
3. Middlemen in Wholesale
4. Shipping Costs from Supplier to Amazon
5. Multi-Channel Selling
6. Amazon Not Sharing the Buy Box
7. Testing Wholesale Products
Introduction
In the world of e-commerce, Amazon is the king. With millions of products available for purchase, it's no wonder that so many people are interested in selling on the platform. However, getting started can be a daunting task. That's where Marvin comes in. Marvin is an experienced Amazon seller who has been sharing his knowledge with others through his YouTube channel. In this article, we'll be taking a look at some of the questions that Marvin has answered in his Q&A videos.
🎙️ Q&A with Marvin
Thoughts on Selling Lists
Rasheed asks, "How do you feel about selling lists?" Marvin responds by saying that he's not too fond of them. He even made a video about buying a wholesale list on Fiverr and found that for the most part, they weren't very successful. Marvin suggests that the real success comes from creating a great relationship with a supplier or finding those suppliers that nobody else is able to find.
Using Fiverr to Start a Product to Sell
A viewer asks, "Can I use Fiverr to start a product to sell? Do you think they are reliable or accurate?" Marvin says that it doesn't hurt to try, but before doing so, you need to make sure that you know how to do product research. If you pay somebody to do something in your business that you don't have a deep comprehension about, it's going to be the blind leading the blind. Marvin suggests getting a lot of experience on evaluating products before paying somebody to find products for you.
Middlemen in Wholesale
Sometimes, distributors have a large catalog of products, but when you place an order, they mention that the products might have to be brought from another supplier or manufacturer. A viewer asks if this is legit or if it's fishy to avoid it. Marvin says that this is a business to business to business scenario where the middleman is going to use your money to purchase the products from their supplier, take a little cut, and then sell you that product. Marvin suggests learning how to do product research really well and working with some legit suppliers first.
Shipping Costs from Supplier to Amazon
Brandon asks, "What are your thoughts on shipping costs from supplier to Amazon? How do I know the shipping costs when looking at an item?" Marvin suggests using a rough estimate of 50 cents per pound for shipping. However, it all comes down to the product dimensions and weight. When creating a shipment, you're going to pay for your shipping for the contents of your shipment through Amazon Seller Central.
Multi-Channel Selling
Matthew asks, "What are your thoughts on multi-channel selling?" Marvin says that multi-channel selling is fantastic and a great way to add some sales onto your account. However, he suggests having a singular focus on which marketplace is going to be your main focus. If eBay is going to be your main focus, then focus on products that are selling well on eBay.
Amazon Not Sharing the Buy Box
Gun Rock asks, "While researching products, I'll come across a product where Amazon historically is not sharing the buy box. However, I'll see lots of FBA sellers on the listing. Can you still get sales although Amazon is not sharing the buy box?" Marvin suggests staying away from listings where Amazon is not sharing the buy box to avoid any problems with getting stuck with all that inventory.
Testing Wholesale Products
In what situation would you recommend buying a wholesale product to test the listing at the speed for the month? Marvin suggests testing the product before purchasing it. He has a hard time buying months and months worth of inventory if he cannot test that product first. Marvin suggests checking the buy box statistics and watching his video where he shows step by step what to do with your Amazon wholesale business.
🌟 Highlights
- Creating a great relationship with a supplier is key to success in selling on Amazon.
- Learning how to do product research really well is important before paying somebody to find products for you.
- Multi-channel selling is fantastic, but it's important to have a singular focus on which marketplace is going to be your main focus.
- Testing the product before purchasing it is important to avoid getting stuck with all that inventory.
🙋♂️ FAQ
Q: What is the best way to be successful in selling on Amazon?
A: Creating a great relationship with a supplier and learning how to do product research really well are key to success in selling on Amazon.
Q: Is it a good idea to use Fiverr to start a product to sell?
A: It doesn't hurt to try, but before doing so, you need to make sure that you know how to do product research.
Q: What should I do if Amazon is not sharing the buy box?
A: Marvin suggests staying away from listings where Amazon is not sharing the buy box to avoid any problems with getting stuck with all that inventory.
Q: Is it important to test wholesale products before purchasing them?
A: Yes, testing the product before purchasing it is important to avoid getting stuck with all that inventory.
