Top 6 Strategies for Sourcing Products on Amazon with Tips from Alpha Repricer
Are you an Amazon seller looking for ways to source products to sell on Amazon? Or maybe you want to enhance your current inventory by shifting to a better source? No pressure! You are at the right place.
Finding the ideal source for Amazon products can be time-consuming. However, to help you with this, we have listed the top 6 ways to source inventory for Amazon FBA. Let’s get started!
Sourcing Products from Wholesale suppliers
According to us, wholesale suppliers are the most popular and convenient sources for getting your Amazon FBA products. It is as easy as it sounds. You get your hands on grand quantities at discounted rates and then resale them at a considerable profit. You can even get greater discounts once you’ve formed a well-established business relationship with them. It all comes down to your negotiation skills and the number of products you purchase.
However, double-check if you have all the necessary permissions to resell any product that is branded. Otherwise, it might come as a drawback. As a consequence, your store can be pulled down as a result of a copyright violation.
Pro tip: If you are a new seller, we’d suggest you always start with small quantities to get an idea of the Amazon market. Make sure you don’t end with a deadstock.
Retail Arbitrage
Visiting retail stores to get your inventory always comes with an advantage. You can get amazing discounts and get a hold of clearance aisles at stores like Target, Walmart, CVS etc. You can buy discounted products and sell them with a profit on Amazon.
Yes, it takes some extra efforts to seek such opportunities but it saves you from a huge upfront investment. So it’s a safe option to choose from.
Online Arbitrage
If you don’t want to get worked up by looking for physical stores that offer discounted products, online arbitrage is the way to go. You can buy products at a low price and sell them at a higher rate on Amazon to earn the profit. It is a great way to find products if you are somebody who lives in an area with limited choices.
Furthermore, there are plenty of online shopping websites offering goods on sale or under discounted rates.
By the way, take our word for it and be as active as you can since this particular way of sourcing is highly competitive. Restocking is a major issue as such discounts or sales come for a short period. You might have to wait for the following seasonal sale.
Sourcing Products from Online B2B marketplaces
Have you ever heard of Alibaba.com? That’s right. It is currently the largest online marketplace for products. It falls under the category of B2B marketplaces. Usually, sellers prefer to purchase inventory from B2B marketplaces as they offer a wide variety of goods without having to search too much. Besides, China-based marketplaces are a go-to because of the lower prices and the possibility of generating higher revenue.
Established sellers can take advantage of B2B marketplaces as they can order products in bulk quantities because of their high MOQ.
Garage sales and Auctions
While some of the sellers prefer discount stores or liquidation sales, many of the Amazon sellers hunt for more profitable items by going to garage sales and auctions. Garage sales are conducted throughout the year, and you can sometimes find valuable collectibles. Once in a while, these weekly events may turn up a fine with a high payoff. Through auctions, you can get most of the donated items and overstocks. You might just get your hands on antique pieces. People nowadays are crazy about antique stuff that comes as an advantage.
However, we advise you to be careful and avoid potential issues such as buying defective or broken products, and you are good to go!
Surplus/Liquidation Stores
You can’t always purchase discounted products from chain stores as they only keep them for a little while. Then, those products are shifted to liquidation stores. It’s almost like every single product in the whole store is on sale!
You can get a variety of products at much lower rates. However, physical inspection plays an important role when you are about to get inventory from liquidation stores. You need to be certain that the products are in good condition to sell, or else nobody will pay for them.
To summarize, we have mentioned the most favorable ways to get your inventory for Amazon. Some sources may take a lot of time, but they may be an excellent way to start as they require little investment. Most Amazon sellers find sourcing to be the hardest yet the most enjoyable part of the Amazon adventure. You can try out different options until you find the one that suits your business. Moreover, we can also help you find the right suppliers for your inventory! Check out our blog to learn more. Sign up with the best Amazon repricer to let us help you reprice effectively. try us!
Author
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Meet Noor Jarri, a seasoned writer specializing in the dynamic world of Amazon. With over three years of experience, Noor has become a trusted resource for Amazon sellers seeking guidance on repricing strategies and navigating the e-commerce landscape.
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As a valued contributor to Alpha Repricer, Noor's expertise shines through in her engaging blog articles, press releases, and guest posts. Praised for her skill in crafting content that is both informative and approachable, Noor's writing is a knowledgeable resource for sellers of all levels. Beyond her professional pursuits, Noor is an avid traveler and culinary enthusiast. She finds inspiration in exploring new destinations and experimenting with recipes from around the world.
Join Noor Jarri on her journey as she continues to empower Amazon sellers with insights, tips, and strategies to thrive in the ever-evolving marketplace.
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Noor Jarri
As a valued contributor to Alpha Repricer, Noor's expertise shines through in her engaging blog articles, press releases, and guest posts. Praised for her skill in crafting content that is both informative and approachable, Noor's writing is a knowledgeable resource for sellers of all levels. Beyond her professional pursuits, Noor is an avid traveler and culinary enthusiast. She finds inspiration in exploring new destinations and experimenting with recipes from around the world.
Join Noor Jarri on her journey as she continues to empower Amazon sellers with insights, tips, and strategies to thrive in the ever-evolving marketplace.