One of the most crucial tasks that will determine your Amazon business has succeeded or has failed is your product sourcing strategy. Product sourcing is not as simple as many new sellers believe in.
Before you start searching Amazon for potential products, you should find a reliable product sourcing platform that can assist you analyze and understand everything.
A Domestic Supplier for Your Amazon Business
The advantage of buying from a domestic supplier is the speed of the product delivery. You can get stock quicker and so can get your Amazon listing up sooner. Then you will have more flexibility with your inventory and it will make stocking easier to manage.
And while there are a lot of downsides. You cannot get the same level of choice from these suppliers and it is possible you may not find the product that you need. It is sometimes possible to private label with domestic suppliers and you are likely to need business status to trade with these companies. Besides there are no customs issues, but here you may pay a higher price with domestic suppliers.
There are some important advantages when dealing with Chinese suppliers. First, the products are cheaper and there is a low minimum order. It means you can get started with a lower outlay of cost. You’ll find the product you want as there is much choice and you don’t need to have a business status and you can start small and build. You will see private labeling easy from China-supplied products and this is a major factor in most success stories.
The problem here is that you will have to wait longer for the products to come. There is also a danger that your research that prompted the purchase may be out of date by the time you make your product listing. It also makes management of your inventory more complex. Also, you’ll have to struggle to bring some products into the country because of its custom issues or get charged for bringing the product through customers.
Websites for Finding Amazon Suppliers
Alibaba is one of the world’s greatest suppliers for online commerce. It has been based in China and has three websites and millions of users Taobao, Tmall and Alibaba and runs more business than any other eCommerce company. Alibaba hosts millions of merchants and businesses. So most people that have any connection with selling on Amazon have likely had some contact also with Alibaba.com.
Aliexpress is not like Alibaba, even though Alibaba is the owner of Aliexpress. Its goal is to extend its reach beyond Asia and challenge the likes of Amazon and eBay. Aliexpress offers quality products at low factory prices in small quantities. Alibaba also tends to trade with the people who are reselling in large volumes.
Made-in-China was estimated in 1998 and has a history in supplying B2B services and products. It is the leading third-party B2B e-commerce platform in China. The goal of this company is to fill the gap between global buyers and Chinese suppliers. It offers about 27 categories of products and 3600 subcategories.
Global Sources simplifies the trade with Greater China. The company works for business to export source in the area of electronics and mobile electronics. Its core business is the facilitation of trade between Asia and the world using its English-language media bas both at trade shows and online.
Dhgate.com has millions of quality products to businesses at wholesale prices. It offers up to 70% off normal marketplace prices, offering a sufficient amount of profit for Amazon resellers. Some may note that the number of named brands available at dhgate.com does not correspond with others but it is a site that is the easiest to use with prompt delivery and good also service.
Zentrade.eu is one of the largest European sourcing platforms for consumer goods. Independent retailers succeed by offering new ideas for products. The website encourages aggressive assortment strategies and more flexibility on the pricing. It also offers for over 400 thousand articles coming from 500 importers, manufactures and wholesalers.
Kole Imports have started trading since 1985, almost pre-dating the internet. They are a family business that was based in Los Angeles in the US. It is one of the largest direct importers of general merchandisers. They are specialized in wholesale variety goods and closeouts. and are committed to the profit of the customer and sourcing the products that you need. They import right from the manufacturers overseas and then sell on to wholesalers and retailers. Like the website, they visit trade shows across the US showing the entire inventory they can offer. Kole Imports exports to more than 100 countries worldwide.
Closeoutfortune.dollardays.com is wholesaler and better than wholesaler mostly in the US. It is also as a global entity and offers one of the biggest varieties of items available for purchase. It also offers potentially high-valued items at the lowest prices. The company provides a diverse market to trade with non-profit partners, schools, small businesses and e-sellers. The site works on being the easiest way to source your products. That’s why they call themselves the secret weapon of small businesses among non-profit making organizations.
Alltimetrading.com is a wholesale marketplace that offers everyday merchandise, i.e. the things we use each day in high quantity. It offers apparel, closeout deals and seasonal products. Unlike its domestic competitors, the alltimetrading.com offers a section of hard-to-find merchandise for the Amazon traders who believe that there is a market for these products. The products are sometimes bought out in total by merchants but you won’t be charged unless the stock is confirmed. You should visit the site regularly to be sure you haven’t missed the best deals.
Mxwholesale.co.uk is the leading supplier of the pound shops. It will give you the idea of the sort of discount and daily merchandise that it is specialized in. The company is a supplier of over 40000 UK-based customers and many others around the world. This website offers the cheapest prices and the largest range of products for wholesale clearance merchandisers. The website also offers pallet deals for those who are willing to purchase items in greater volumes. They have scrapped the minimum wholesale order and you can buy in cash from the company if you visit the showroom and warehouse.
The Wholesaler UK is a free online directory and only lists verified UK-based wholesalers. It was established in 1999 for helping retailers who are trying to stock to resell. There are hundreds of suppliers listed on the website, which are organized under various categories. They list only those suppliers who hold stock in the UK and at quantities that are appropriate for retailers. The most useful thing about this website is that it offers information about each supplier. It provides all the information you’ll need at a glance.
It will never be too late to get started in eCommerce. There are always new products and niches for discovering during your Amazon product research. If you put much time into sourcing your products properly, you can increase your chances of finding great products that most Amazon sellers dream of.