Many an aspiring Amazon seller has been put off by one bad experience. Just imagine that you saw what seemed to be a great deal; hundreds of one product that was sure to sell for a massive profit. You made the purchase, emptying your savings account and stocking up your garage with boxes only to find that the items in question simply did not sell on Amazon.
It’s a heartbreaking experience and one that could certainly put you off selling on Amazon for life. These Amazon product sourcing secrets are designed to stop you from finding yourself in a similar situation, as well as providing you with the information you need to know to keep finding great items to sell at your Amazon store time and time again.
Secret No. 1: Be careful when buying in bulk
Buying products in bulk can be a fantastic way to make significant profits on Amazon; you will undoubtedly receive the items for a lower price the more products you purchase. If you don’t have the space for storage though, or simply don’t have the capital to invest at the outset, buying in bulk may not be a possibility for you.
Even if you do have the initial financial capital and the storage space to purchase a lot of one particular item, you still need to be confident that you will actually be able to sell the product in question. If it is a wholesaler you will be using to source a large quantity of what you are selling, why not ask for a smaller sample order at the outset. Not only will this provide you with peace of mind as to the quality of your wares, but you will also be able to see what will actually sell on Amazon.
Secret No. 2: Try different sourcing strategies
Rome wasn’t built in a day, and nor will your Internet business be. There are many different places from which you can source goods for your Amazon store. You may start by selling the items that you no longer need around your house, or by finding cheap textbooks at charity shops that are in demand. You may prefer to use a dropshipper to save you having to hold stock of your own, instead trusting your chosen dropshipping company to post the item in question to successful bidders.
Instead of assuming that the first sourcing strategy you try is the one that you must stick to, why not look around and test different ideas until you find the best method of Amazon product sourcing to sell that maximize your profit per sale.
Secret No. 3: If at first you don’t succeed…
It would be wonderful to provide you with Amazon product sourcing secrets that work each and every time, but occasionally you are likely to find yourself in a situation where you can’t sell on items for profit. It is an unfortunate incident that happens to almost every Amazon seller at some point in their selling career. If you find yourself in a situation where you simply can’t shift the goods that you have bought don’t beat yourself up; instead know confidently that almost every successful seller has been where you are and has come through to create their very own highly profitable business.