Do you know who are the most successful sellers on Amazon? They are the people who can get their orders fulfilled in time, accurately. This level of performance does not just happen overnight. You need time and effort to find the right partners for product sourcing for Amazon. You need to partner with companies who can supply you with products as well as handle the order fulfillment process like clockwork. Once you find the right wholesale partners, you have taken first step on the path to success. Here are some tips to help you find your best business partners.
To successfully run a small business, you need to have a relatively stable income. The only way to achieve this is to offer more than one product line for sale. You can rarely find a single wholesale partner who can supply you with more than one product line. This means you normally need to work with more than one partner, for example a music CDs dropshipper and a pet accessories dropshipper. To succeed in this business, you need to appeal to a wide segment of customers. Diversity is crucial. You cannot rest on your laurels just because you find one good vendor partner. You need to keep on looking for more and more partners. Otherwise, you will not be able to gain access to sell the best items to sell on Amazon.
What criteria should you use to evaluate your dropship partners? Remember, in this business relationship, your role in the supply chain is to produce sales. In other words, you need to bring in the customers. So your partners have to provide good quality products and an effective dropship service. To be effective in Amazon product sourcing, both parties must fulfill their obligations. The wholesalers for Amazon sellers with whom you partner must be able to ship the products to the customer within one or two working days after the payment is received.
It is strongly advantageous if your wholesale dropship supply partners can offer to deliver the products by both regular mail as well as one or more couriers like FedEx. This is increasingly the minimum service that must be offered to your customer, otherwise you may lose out on sales. In your store or auction, do not forget to highlight that you have more than one way to deliver the products, otherwise your prospective customer will assume that you can only deliver by regular mail.
To really make money, you need to know what’s hot on Amazon. There are two ways to do this: either you can do your own market research, or you can ask your suppliers. If you can partner with a supplier who can offer this information, this saves you a lot of time – time you can put to making more sales. Not only must your partner have this data, they should also act on it themselves to offer newer products. If your wholesale partner can only offer the same product all the time, your business will suffer. Consumers today are a jaded lot. They demand variety. Get cracking and find your partners for success.