How to find wholesale suppliers for Amazon FBA?
Product sourcing is one of the most critical parts of starting an online store. You need to find suppliers who can provide high-quality products at the lowest possible rates. Neglecting this task can be a massive loss for you.
Sometimes people fail to find suppliers for their products and end up losing money. The key to avoiding such bad situations is establishing a good relationship with your supplier and asking them all the necessary questions to help you in future transactions.
What is a wholesale supplier?
Wholesale suppliers are businesses that sell their goods in bulk quantity to another business for resale. Wholesale means the lower price. It is done by cutting down on overhead costs, which can be passed onto the customer. Amazon’s fees and other expenses related to product sourcing will be much higher than wholesale prices.
Finding a good wholesale supplier can be a difficult task if you are new to this business. But don’t worry! We will provide you with the guidelines that will make it easier for you to find these suppliers. You can also sign up for one of those Amazon or eBay courses like Wholesale Ted by Sarah Chrisp. These courses will teach you how to find the right suppliers.
What things do I need to look at while finding wholesale suppliers?
You should consider the following points before signing any contract:
1) Good customer reviews
The first thing you need to look at is the buyer reviews. You can check whether or not they provide quality products by reading their feedback. Also, make sure that the suppliers have a good rating in terms of customer service.
2) Quality standards set by the supplier
It would help if you asked your chosen wholesale supplier about their product standards. You cannot afford to annoy someone who makes a purchase. You will lose the chance of getting repeat orders, and you will also get a negative review.
3) Shipping area of your supplier
You need to look for a supplier that provides shipping services in the same country. Try finding suppliers who cover different parts of countries. It will be easier for you if they provide wholesale supplier services to other regions as well.
4) Business terms and conditions
Establishing good business terms can serve as a good foundation for a long-term relationship with the wholesale company. Make sure you know about their refund policies and product return policies as well before finalizing them as your supplier.
Many websites list wholesale suppliers in different regions of the world. Look for them on Google, Yahoo, or any other search engine to find the best companies in your area. Also, you can visit eBay to find products from all parts of the world. You will get access to thousands of
5) Quality of photos
It would be best if you made sure that the images provided by your supplier were of good quality. You can check it out by downloading them from the website and use them to open your online store. If the product images are not of good quality, your conversion rates will suffer. Poor conversion rates can kill your business because the cost of getting targeted visitors is increasing with each passing day.
6) Age of company
Try finding a wholesale supplier that has been in the market for at least seven years. They must have good experience and knowledge about the product lines they produce. This will help you to increase your profit margins as well as create brand awareness among customers.
7) Product prices
Wholesale companies usually sell their products at lower rates than regular stores. But the price of the product will depend on its category and popularity among customers. Make sure you ask your chosen wholesale company about their minimum order quantity (MOQ). A very high MOQ is not suitable for new stores because holding inventory can add to your cost.
Find out if they are open to new negotiations or not. Some wholesale suppliers might be available for talks, while others are not. You need to find this information before finalizing them as your supplier.
This will also help you create a good business relationship with the wholesale company, which will serve you for a long time without any issues.
The question of how to find wholesale suppliers for Amazon FBA is a common one. You can start by finding wholesalers through Alibaba or on social media platforms like Facebook and Instagram. Still, you’ll want to be careful about who you work with because not all may have the experience needed to provide quality merchandise at competitive prices. If you need help with vetting your potential supplier partners before signing an agreement, you can choose to work with plugins like Oberlo. It takes time and effort to find high-quality products at great prices, which is why you need to be on the lookout for new opportunities.