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Difference between Private label and Wholesale FBA:
Private label:
Basically you make a brand for it. You need a budget to raise this branded
This brand's require is that you should have 8 thousand to 15 thousand dollar.
Then you will think about the product I have to launch this product.
And in other, it requires training
And in this you take training on how to do the product hunting.
There is some intelligence tool in the market for product hunting it needs to be learn.
And they need you to learn from a senior mentor.
And it's not like they only use Pakistanis, but they use people all over the world.
People all over the world are using and running their own business.
And they tell everyone how much revenue you have, how many orders have come and how many profit you have.
And the data that they show you can trust you 100%.
And they are collect difference source, which gives you the right data So that is not light tools is very great type of tools on which people spend many. In private labels you learn product hunting. You will learn about product hunting criteria. What is the Criteria of the Product Hunt that is being done on Amazon? What is the Demand? What is the Price? What is the Competition of product? After Product Hunting, you have to get the product hunt approved by your mentor. The second phase after approval is sourcing You are approve the product and list it on Amazon
Now you have stock of it from somewhere. So if you are getting this product cheaply from any country then you can purchase it. The next step after purchasing is to take this product directly to this amazon warehouse if any order comes, Amazon will ship it directly. That's the advantage of Amazon's warehouse
If you want to spend money on marketing, you have to have a budget. It is a strategy by which can you ranked your product.
So you will hunt the product in which you should get monthly renewal 10000 dollars. So you reached to this level and you did not get out of marketing and sustain this level and only organic order came to this product this method builds your asset this method takes 3 to 6 months. Not every body spends 10 to 15 thousand dollars with the same method.
Wholesale FBA:
Wholesale FBA is a model that is working on Amazon. The benefit is that you hunt the product, source it and deliver it to the Amazon warehouse. In this you don't need to rank a product. What happens in it? Basically a budget is required in it. If you have 2 to 3 thousand then you can start. Will you have to format a company in US. This company will cost you some budget and some taxes that will register you there is no tension. If you are in any county, you can register the company after that your tax ID and the seller account has been opened on your business name. The next step is product hunting now which product do you hunt?
