Wholesale Myths Exposed

video Feb 04, 2019

We’ve heard it all! All of the reasons why you haven’t added wholesale to your Amazon business. “They won’t sell to Amazon sellers.” “Wholesale is too expensive.” “I can’t find profitable wholesale products.” Stop right there! Wholesale can feel overwhelming and intimidating but with the right mindset, tools, and strategy fear no longer has control. In this episode of The Amazon Files, we’re going to turn these myths and more on their heads.

Wholesale might feel overwhelming and intimidating but with the right information, mindset, and strategy fear no longer has control. In this week's episode of The Amazon Files, we’re going to turn these myths upside down and tell you the truth about wholesale and why you should add it to your business.

 

Almost every new Amazon seller have things that stop them from jumping into wholesale and wholesale bundling. Typically, people are held back by fear - fear of the unknown - and by myths surrounding vendors. It may be that you are worried about saying something stupid when dealing with a vendor or it may be that you are stuck trying to find wholesale suppliers.

Today, we dispel the myths about buying wholesale for Amazon FBA. We reveal what it means to deal in wholesale and how to get vendor accounts. We share where you can find 100s of wholesalers and break the myths around minimum orders, margins, Amazon fees, and prep centers. We also highlight the value of building relationships with vendors and how to get around issues such as vendors that won’t send a product to a residential address.

“You are never going to know unless you ask. Don’t assume that you are going to get a no; you may be surprised by which wholesalers will work with Amazon sellers.” - Amy Feierman

This week on the Amazon Files:

  • How wholesalers’ attitude towards Amazon sellers have changed during the previous months.
  • Trade show stalking and how to get a list of 100s of wholesalers.
  • How to find wholesalers that have low minimum-order values.
  • How to get the best price from your vendors and when to ask for a better deal.
  • Why quantity and convenience make wholesale product sourcing more attractive than retail.
  • How your average selling price can save you on Amazon fees and make more profit.
  • Why you should speak to your vendor’s representative to find the best sellers.
  • The importance of shopping around and how creating bundles can increase your return on investment.
  • Why Google is the last place to find wholesale vendors and where you should find them instead.
  • How to get around vendors who only deliver to a residence and when to switch to a prep center.
  • How having a website can help Amazon bundlers get a yes from wholesale vendors.

Mommy Income Question of the Week:

  • When should I start using a prep center and when does it make sense to add this cost?

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Show Links/Details:

Business Basics: http://www.mommyincome.com/tax

How to Bundle: http://www.mommyincome.com/system

How to find Wholesalers: http://www.mommyincome.com/100

Spots are selling out quickly for our 2019 Confident Wholesale Bundlers Workshops. Our Lansing workshop is sold out but HURRY…. We have a handful of seats left for our Columbus workshop. To Learn More: http://www.mommyincome.com/workshop

Join our Private Facebook Group
http://www.mommyincome.com/joinus bring the code word #mythbuster
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Buy Inventory Without Losing Money

Are you afraid of losing money when you purchase inventory? With our Smart Sourcing Guide, you can learn how to make the best buying decisions that reduce your risk and help you get the best ROI possible. Learn our step-by-step process for sourcing products the right way! Download your Smart Sourcing Guide at https://www.mommyIncome.com/smart.

Jumpstart Your Amazon Business Today!
Are you ready to jumpstart your Amazon business but don’t know how? We can guide you step by step through easy-to-understand video instructions for your Amazon business must-haves. We’ve got everything you need in one place -- from setting up your Amazon account to shipping your items to Amazon fulfillment centers. Go to https://www.startFBAtoday.com to start your exciting Amazon journey.

Discover the Ease & Simplicity of the Wholesale Bundling System

Don’t know where to start in your wholesale bundling Amazon business? We teach a lot of different strategies for searching wholesale bundles and creating your own unique bundles. Learn the A to Z of Amazon wholesale bundling through Mommy Income’s Wholesale Bundle System. Visit https://www.mommyIncome.com/system for more information.

Got Questions?
Shoot your questions on our Facebook Group! We’ll be happy to answer your questions, listen to your vents, and encourage you to carry on in the right direction. Join our community where you can interact with sellers of all levels -- from people who are starting their Amazon journey to those who have been full-time sellers for years. Go to https://www.mommyIncome.com/joinus with the code word from this show to start interacting with our community.

Grow Your Amazon Business!
Thanks for tuning in to this week’s episode of The Amazon Files, the show to help Amazon sellers along their business journey one step at a time with your hosts and Amazon experts, Amy Feierman and Kristin Ostrander. Don’t forget to share your favorite episodes with your friends on social media!

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