BI 213: How I Sourced 20 New Wholesale Products in My First 30 Days
Approximately a month ago, I decided to transition my eCommerce business from focusing on sourcing private label products to sourcing US brands wholesale and since then, the growth of my revenue has been incredible.
By following the sourcing formula that I share in this episode, I’ve been able to add 20 new products to my product catalog in under 30 days, and assuming that my forecast share of the buy box on Amazon is accurate, that will translate into approximately $31,000 of revenue ($3,500 of profit) over the next month!
In addition to that, two of these deals are such that the brand has given me exclusivity to sell their products on Amazon and the other major eCommerce channels – and I cover how I structured these deals to make it incredibly easy for each brand to quickly agree to my offer.
If you prefer video, here’s a recording of me explaining my system to a large audience at the 2018 TWF Conference.
In This Episode, I Discuss:
- What I learned while attending Retail Global in Las Vegas
- My exact wholesale product sourcing strategy
- How I have won two exclusive Amazon deals
Links Mentioned in this Episode
BI 212: The Future of Retail Arbitrage and How to Get Started in Wholesale the Smart Way with Ex-Amazonian Rachel Greer
My guest in today’s episode is an entrepreneur by the name of Rachel Greer. Rachel worked for Amazon for 7 years and is now the Founder of Think Cascadia; a consulting firm that supports brands and Amazon sellers.
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In This Episode, Rachel and I Discuss:
- The future of Retail Arbitrage (RA)
- The difference be RA, China Arbitrage (private label), wholesale, and building your own brand
- How some recent and upcoming trends are going to impact Amazon sellers
- The advantages of Amazon’s Vendor Central program
- The types of companies to target to build a wholesale business
- How using the “direct import” model can help you to land exclusive wholesale deals
- And so much more…
If you liked this episode, you might also enjoy:
BI 211: Ask Trent Session #1 – Your Amazon FBA Questions
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BI 211: Ask Trent Session #1 – Your Amazon FBA Questions
Welcome to session #1 of Ask Trent. Today we have two questions from show listeners. The first is about running an FBA business when you don’t live in the USA, and the second is about how to best introduce yourself to potential wholesale suppliers.
Have a questions you’d like to ask? You can do so here.
Listen to the Audio
If you liked this episode, you might also enjoy:
BI 210: How Norman Crenshaw Failed His Way to a $40K per Month Amazon FBA Business
Have a Comment?
In an effort to make discussion more social, I’ve moved comments onto Facebook. If you have a comment or question, please click the button below to be taken directly to the Facebook post.