📝 Table of Contents
1. Introduction
2. Q&A Video
3. How to Send Shipping Labels to Your Supplier
4. What Does it Mean to be Gated on Selling a Product?
5. How to Find Profitable Products
6. What to Do While Waiting for Discount Pricing with Wholesalers
7. The Importance of Having Multiple Suppliers
8. Sharing My First Order Purchase Experience
9. When to Leave a Product Behind
10. Conclusion
Introduction
Starting an Amazon wholesale business can be a daunting task, especially if you're new to the platform. There are many things to consider, such as finding profitable products, building relationships with suppliers, and navigating the various rules and regulations set by Amazon. In this article, we'll be discussing some of the most common questions and concerns that new Amazon sellers have, and providing detailed answers to help you succeed.
Q&A Video
In the video, the speaker answers a variety of questions from viewers. While some of the questions are specific to the speaker's experience, there are several that are relevant to any Amazon seller. We'll be discussing some of these questions in more detail below.
How to Send Shipping Labels to Your Supplier
One viewer asked how to send shipping labels to their supplier. The speaker explains that when creating a shipping plan, there is an option to download the shipping labels at the end of the process. Once downloaded, the labels can be emailed to the supplier, who will then print them out and attach them to the boxes that need to be shipped.
What Does it Mean to be Gated on Selling a Product?
Another viewer asked what it means to be gated on selling a product. The speaker explains that being gated means that you are restricted from selling a certain product category, brand, or subcategory on Amazon. Amazon has implemented these restrictions to prevent newer sellers on the platform from selling them. However, it is possible to get ungated if you know how to do so. The speaker recommends watching their video on un-gating for more information.
How to Find Profitable Products
One viewer asked how to find profitable products. The speaker explains that finding profitable products takes time and effort. It's not as simple as just going to the first or second page of Google and finding suppliers. Instead, you need to dig deep in the categories and do your research. The speaker also recommends watching their video on finding profitable products for more information.
What to Do While Waiting for Discount Pricing with Wholesalers
One viewer asked what to do while waiting for discount pricing with wholesalers. The speaker recommends not relying on just one supplier, as this leaves your business vulnerable. Instead, you should have multiple suppliers and multiple good suppliers. If you're waiting for a specific supplier to offer better pricing, you can focus on finding other profitable products in the meantime.
The Importance of Having Multiple Suppliers
The speaker emphasizes the importance of having multiple suppliers. Relying on just one supplier puts your business at risk, as they have control over whether you get profitable products or not. The speaker recommends having a whole set up of good suppliers so that you can divide your risk. If one supplier falls through, you still have other options.
Sharing My First Order Purchase Experience
The speaker shares their experience with their first order purchase. They discuss several products they sold early on in their Amazon wholesale business and the lessons they learned from them. They emphasize the importance of doing your research and not making costly mistakes.
When to Leave a Product Behind
The speaker discusses when to leave a product behind. They explain that if a product is no longer profitable or if it's not replenishable, it's time to move on. However, they also emphasize the importance of taking advantage of opportunity buys when they arise.
Conclusion
Starting an Amazon wholesale business can be challenging, but with the right knowledge and strategies, it can also be incredibly rewarding. By following the advice and tips provided in this article, you can increase your chances of success and build a profitable business on Amazon.
Highlights
- Finding profitable products takes time and effort
- Having multiple good suppliers is crucial for reducing risk
- Opportunity buys can be incredibly profitable
- Leaving unprofitable or non-replenishable products behind is necessary for success
FAQ
Q: How do I get ungated on Amazon?
A: The process for getting ungated on Amazon varies depending on the product category or brand. The speaker recommends watching their video on un-gating for more information.
Q: How do I find good suppliers?
A: Finding good suppliers takes time and effort. The speaker recommends digging deep in the categories and doing your research. They also recommend attending trade shows and networking events to meet suppliers in person.
Q: How do I know if a product is profitable?
A: To determine if a product is profitable, you need to consider the cost of the product, the Amazon fees, and the shipping costs. You also need to research the competition and determine if there is enough demand for the product.
Resources
- [Un-gating Video](https://www.youtube.com/watch?v=JZzZzZzZzZz)
- [Finding Profitable Products Video](https://www.youtube.com/watch?v=JZzZzZzZzZz)
