 |
| Image search - Google| by shiprocket.in |
product sourcing for amazon fba
Product Sourcing
Not every seller, manufacturers their own products, therefore it is the need to rely on a trust source for getting products. The source can be a manufacturers, Wholesaler or drop shipping company.
When you find product to start a business of it. Then you search supplier and contact them to check his inventory and tell to send a samples then choose the best one then talk him to order the inventory. Then he will deliver the products to Amazon warehouse and you will receive the from there this process is called product sourcing.
You will find the supplier from Alibaba.com
How to choose Best supplier
Go to Alibaba.com and search the product that you want to sell on Amazon. Details given below.
1) Verified Supplier Batch: Click on verify supplier that will show all verify supplier.
2) Trade Assurance: Click on trade assurance that will show trade assurance batch.
3) More then 80% response rate it means check that he will reply late or fast.
4) Time on Alibaba.com must be more then a year.
5) On time delivery rate must be more then or 85%.
6) Must have options of logo and package customization. It means send your brand logo and tell him please design that logo on items.
7) Competitive Quantitation: Communicate with him and expand the order of things and add some more things.
8) Quick Communication: Supplier must be quick communicator. (Chat with him on Skype, we chat, What's app).
9) Good Quality Samples: Send request to 10 supplier choose top 3 Check the samples.
How to Contact:
Search on Google there are a lot of link and you will easily contact with supplier ( Go with 25-30 days)
Shipping Intercoms ( International commercial Term) when supplier give you rate of product for example $4, $5 then what you do
DDP ( Duty Delivery Paid) per unit $4 DDP:
It means when you pay $4 and he will produce inventory and he will deliver the inventory to Amazon warehouse.
FOB ( Free On Broad) per unit $3 he will packed your inventory and put the label on it . Then he will deliver the inventory on the port that you will tell him. And after it freight forwarder will took the inventory to China.
EXW ( Ex work)per unit $2 : when your place the order he will pack the inventory and he will set aside now it's your headache how you will receive it from there.
Profit margins: At least 25% profit margins per sale.
