How to Source Products on Amazon FBA: A Beginners Guide to Sourcing Products to Private Label and Sell on Amazon
By George Pain
4.5/5
()
About this ebook
Are you getting started with Amazon FBA seller trying to figure out how to source products? Or are you wondering how to make money with Amazon FBA?
This book is the answer to your questions.
If you're reading this that likely means you've heard of "selling on Amazon', "Amazon FBA" or "private label products" being bandied around online or from other entrepreneurs. Perhaps you're already quite experienced in this field and are interested in how others run their business or perhaps you're simply curious about what the fuss is all about. In a nut shell, Amazon FBA can be compared to what eBay was 10 years ago, in terms of the opportunity it provides to earn money online. The actual technicalities of how FBA and private labelling works will be covered in the next two chapters. For those that are merely curious about it, we'd guess it's because you've heard that it's a lucrative way for almost anyone to make money or a living from. Shit, maybe you've even heard that people are able to run their private label businesses from the beach and only spend an hour a day maintaining it. Despite a beautiful picture of working on the beach in leisure with your laptop by your side, sun shining overhead, and the calls of nature in the background as waves crash on the shore with birds soaring through the blue skies, trust us when we say it really isn't as fun or nice as it sounds.
There's sand everywhere! Getting into your laptop, pants, bags, and if it's a windy day, it's just blowing sand on you and the friction can be so hard the sand actually stings you. The glare from the sun on the laptop makes it insanely hard to see what's happening, especially if you've got sunglasses on. The amount of shit you have to deal with while trying to work on the beach goes on and on but if there's only one takeaway from this book, save yourself the hassle and don't try to work on the beach for anything. Okay, rant over.
It's possible you've heard claims of people making $1,000 dollars a day and this could range from groups of housewives to the unemployed making bank in a ridiculously short amount of time.
Some go even further to claim they've made millions in just their first year, and what do they do now that they're millionaires? They sell books, courses, and products about how they made they're millions. Not to rag on these people too much as we know some who are actually legit and know what they're talking about and doing, but a lot of these people out there going about touting their courses aren't offering a whole lot of value for what they're charging or are simply sharing outdated information as they aren't actively selling in the Amazon marketplace anymore as they now make their living from selling their education based products.
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Reviews for How to Source Products on Amazon FBA
6 ratings2 reviews
- Rating: 5 out of 5 stars5/5Awesome book! Invaluable insight into Alibaba and the Chinese culture. I appreciate the great detail about freight/shipping. A must read for all Amazon FBA beginners.
- Rating: 5 out of 5 stars5/5Great. Very clear; specific links and more real (not just theoretical) data are appreciated for a practical use.
Book preview
How to Source Products on Amazon FBA - George Pain
How to Source Products on Amazon FBA:
A Beginners Guide to Sourcing Products to Private Label and Sell on Amazon.
Table of Contents
How to Source Products on Amazon FBA:
Disclaimer
Introduction
What is Amazon FBA Sourcing?
Sourcing from local suppliers
Sourcing from Alibaba
Alternatives to Alibaba
Dealing with customs regulations
Continuous Customs Bonds
Choosing Freight Forwarders & Negotiating Freight Rates
Choosing A Customs Broker
Inland Freight
Accessorial (Other) Transportation Charges
Which method is best for you?
Online Product Sourcing Directories
PROS
CONS
Product Sourcing Directory Alternatives
HKTDC
Made-in-China
Global Sources
The Darkside of Alibaba and Global Sources
Alibaba Trade Assurance and GS Verified Suppliers
Conclusion
Disclaimer
Copyright © 2018
All Rights Reserved
No part of this book can be transmitted or reproduced in any form including print, electronic, photocopying, scanning, mechanical or recording without prior written permission from the author.
While the author has taken the utmost effort to ensure the accuracy of the written content, all readers are advised to follow information mentioned herein at their own risk. The author cannot be held responsible for any personal or commercial damage caused by information. All readers are encouraged to seek professional advice when needed.
Introduction
If you’re reading this that likely means you’ve heard of selling on Amazon’,
Amazon FBA or
private label products" being bandied around online or from other entrepreneurs. Perhaps you’re already quite experienced in this field and are interested in how others run their business or perhaps you’re simply curious about what the fuss is all about. In a nut shell, Amazon FBA can be compared to what eBay was 10 years ago, in terms of the opportunity it provides to earn money online. The actual technicalities of how FBA and private labelling works will be covered in the next two chapters. For those that are merely curious about it, we’d guess it’s because you’ve heard that it’s a lucrative way for almost anyone to make money or a living from. Shit, maybe you’ve even heard that people are able to run their private label businesses from the beach and only spend an hour a day maintaining it. Despite a beautiful picture of working on the beach in leisure with your laptop by your side, sun shining overhead, and the calls of nature in the background as waves crash on the shore with birds soaring through the blue skies, trust us when we say it really isn’t as fun or nice as it sounds.
There’s sand everywhere! Getting into your laptop, pants, bags, and if it’s a windy day, it’s just blowing sand on you and the friction can be so hard the sand actually stings you. The glare from the sun on the laptop makes it insanely hard to see what’s happening, especially if you’ve got sunglasses on. The amount of shit you have to deal with while trying to work on the beach goes on and on but if there’s only one takeaway from this book, save yourself the hassle and don’t try to work on the beach for anything. Okay, rant over.
It’s possible you’ve heard claims of people making $1,000 dollars a day and this could range from groups of housewives to the unemployed making bank in a ridiculously short amount of time.
Some go even further to claim they’ve made millions in just their first year, and what do they do now that they’re millionaires? They sell books, courses, and products about how they made they’re millions. Not to rag on these people too much as we know some who are actually legit and know what they’re talking about and doing, but a lot of these people out there going about touting their courses aren’t offering a whole lot of value for what they’re charging or are simply sharing outdated information as they aren’t actively selling in the Amazon marketplace anymore as they now make their living from selling their education based products.
Needless to say, there is a viable and accessible business model in the world of Amazon’s private label market with plenty of money to be made. Recently in 2016 we’ve heard a lot of talk of people questioning whether the Amazon marketplace is becoming too saturated with a lot more competitors these days or that Amazon is making it more difficult for new comers to establish themselves. We think all of that is a load of horseshit and are simply people trying to justify why they’re failing at this business or trying to keep people out of this space for their own selfish reasons (i.e. profit). There are SO many opportunities in the marketplace with thousands of products out there that are yet to be discovered and sold by private labelers. Amazon is continuously growing and capturing more of the marketplace each day and this only results in an increase in the level of supply (customers) that will therefore increase demand (need or want of products). Amazon represented 56.9% of total e-Commerce sales in 2015 (data compiled by eMarketer) and this is only forecasted to grow here on out. Amazon is highly focused on (1) making sure customers are happy, because they know happy customers won’t leave and that they will also bring even more customers to them due to the power of word of mouth and (2) making money. If you don’t believe us simply watch any interview of Jeff Bezos (the CEO of Amazon) or Google what Amazon’s mission statement and purpose is.
It could be argued that Amazon has made it slightly more difficult for newcomers to establish themselves with recent changes it has made to FBA, reviews, and product listing, however we see that as a positive note, not because we are already established on the marketplace but because if we were starting out, we’d know this simple fact means there will be less competition over the long term as people view this first stumbling block or obstacle and don’t even start. Or if it simply