The SECRET to finding PROFITABLE wholesale products to sell on Amazon
Автор: Watch Me Amazon
Загружено: 2018-04-02
Просмотров: 26021
There is a saying in a resale business: "Your margin is often made on the buy side" This is VERY TRUE.
Many people who are new to the wholesale on Amazon business model often tell me that they struggle with finding lots of profitable products to flip. If you've ever gone through a wholesale price list, you know just how hard it is to find tons of good replenishable items to flip on Amazon.
There is one key ingredient that may be missing from your wholesale Amazon product research. The ability to negotiate discounts from your suppliers.
TRUST ME, a wholesale catalog looks soooo much better when you subtract a discount of 20-30% from your pricing.
In this video, I share the tips and strategies I use to negotiate discounts from suppliers. Discounts that will literally make or break your business, and be a main factor in the success of your Amazon FBA business.
As always, I love engaging with you guys. So hit me up in the comments with any questions or comments, and I'll try my best to reply to all.
Video Breakdown:
00:35 - Why I started this channel
01:45 - What to look for on a suppliers list
02:02 - The main reason you want to negotiate discounts
03:04 - Tip#1: Most vendors give discounts
03:20 - The typical discount from wholesale supplier
03:45 - Tip#2: Be clear with your objectives to vendors
04:06 - How I like to start my relationship with suppliers
04:30 - Tip#3: Act as if
05:15 - The Golden Rule
06:00 - Tip#4: Mention you will pay upfront
06:22 - Tip#5: Take advantage of monthly sales and promos
06:50 - Tip#6: Play competition against each other
07:22 - Tip#7: Be proactive
08:00 - Tip#8: Persistence
08:40 - Tip#9: Don’t be afraid to walk away
09:09 - Tip#10: Go directly to the source?
09:30 - Tip#11: Building relationships is key
10:05 - Tip#12: Relationship advice
Negotiating takes confidence, a little bit of swag and above all else, practice. Don't be shy. You wont get what you don't ask for.
I hope this video provides some value, and I'm positive that if you implement some of these techniques YOU WILL MAKE MORE MONEY IN YOUR AMAZON BUSINESS.
The video I mentioned where I demonstrate Amazon wholesale product research AFTER getting 25% off from the vendor:
• HOW TO FIND PROFITABLE PRODUCTS TO SELL ON...
Image how worse my final results would be if I was going through that list at regular wholesale pricing?
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For more Amazon Wholesale content DAILY, please be sure to follow me on Instagram @WatchMeAmazon
https://www.instagram.com/watchmeamaz...
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