Lessons Learned In Business

Category - Sourcing

Ideal Targets For Wholesale Sourcing – Wholesale Course Module 2 Part 9

Wholesale System Module 2

This Post is part of the “FREE Wholesale Training Course”.  You can view the entire course listing and introduction to the course here.

You are here:

Module 2:  Wholesale Preparation

You can click on each of the links above to go directly to the area of the module the best interests you.  That being said, lets get right into the content!

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Distributors / Wholesalers vs. Manufacturer Direct – Wholesale Course Module 2 Part 8

Wholesale System Module 2

This Post is part of the “FREE Wholesale Training Course”.  You can view the entire course listing and introduction to the course here.

You are here:

Module 2:  Wholesale Preparation

You can click on each of the links above to go directly to the area of the module the best interests you.  That being said, lets get right into the content!

Read More

Setting Your Personal Buying Guidelines For Amazon – Wholesale Course Module 2 Part 6

Wholesale System Module 2

This Post is part of the “FREE Wholesale Training Course”.  You can view the entire course listing and introduction to the course here.

You are here:

Module 2:  Wholesale Preparation

You can click on each of the links above to go directly to the area of the module the best interests you.  That being said, lets get right into the content!

Read More

Introduction to Wholesale Sourcing – Wholesale Course Module 2 Part 1

Wholesale System Module 2

Welcome back to our Free Wholesale Training Course!  In module 1, we started going over some of the basic things you needed to start thinking about in regards to purchasing wholesale product.  You likely have already started to shift your mindset into thinking about wholesale all the time, and learned some wholesale lingo you may have not known about.  Hopefully, you also have been thinking about how your existing Amazon knowledge with other sourcing methods can help you with wholesale.  Finally, maybe you’ve already started looking for a virtual assistant that has the skill sets you aren’t so hot in!

In case you forgot why I’m creating this course, or want to see a full outline of all the modules, check out the introduction post to the Free Wholesale System.  Also, if you ever want to come back to that page, and you want something easy to remember, you can go directly to FreeWholesaleSystem.com, which will take you directly to that post.

Here’s the layout of this module:

Module 2:  Wholesale Preparation

You can click on each of the links above to go directly to the area of the module the best interests you.  That being said, lets get right into the content!

Want to skip reading the massive wall of text?  After the entire course is released, I will make videos for each of the sections for easier consumption.  Make sure you are on our mailing list to be notified when it’s released!

Be The First To Know When Videos Are Released!

Be The First To Know When Videos Are Released!

Introduction to Wholesale Sourcing

dont let your business look like this

Welcome to the amazing world of wholesale sourcing! Now that you have your mindset prepared for wholesale sourcing, it’s time to start going over the foundation you’ll need to be successful.

When you are building a house, you can get really excited about picking out the knobs of doors, the colors you’ll paint the rooms, and where you will put everything in the house. You are ready to get into that house now! But, you have to wait. Why? Because there isn’t a foundation or structure set for you to do all those things with.

When preparing to do wholesale sourcing, it’s smart to have a foundation and structure ready to support everything that you are about to do. When we talk about structure in this regard, we mean making a plan of exactly how you will handle things as they come about. Yes, you could go willy nilly and just start calling companies and start landing accounts. But what I’m teaching in this course is how to build a long term sustainable business. If you are for real about success long term, you will need to have a structure at some point. Most entrepreneurs just start doing… and figure out the structure later. The problem with this method is that they hit a wall at some point. That wall is when they either get in over their head and over work themselves, or they hit a plateau in their growth. Thinking about the structure before you run into this will ensure you can have sustainable growth long term.

You may be saying to yourself “c’mon dude – just tell me how to get wholesalers”…That’s a valid point, and we’ll get there soon – I promise!  But, you are missing out on the big picture if you don’t do some preparation before hand.  Here’s why:

  • If you don’t know how the buy box works on Amazon or understand how the Best Seller Rank (BSR) works, it will be very difficult for you to properly analyze competition and potential sales.
  • If you don’t think about your own personal buying guidelines based on your own situation, you may end up buying things you shouldn’t have.
  • If you don’t think about your long term strategy, it will stunt your growth, and you may end up on a path you weren’t expecting.
  • If you are unaware of the differences between manufacturers and distributors, you may end up paying too much for product.  Of course, this could erode your margins, or make you noncompetitive on Amazon.
  • If you are unaware of the different tools available on the market for helping with wholesale, you could be wasting a lot of time that could be spent on closing wholesale leads.

In this module, we will go over some basic things that every Amazon seller needs to know: how to determine competition levels and how to determine demand. Those easily are the two biggest factors when determining which items you should source.

We will also discuss how to set your personal buying guidelines, and how to work out a long term strategy and goals. Finally, we will define what the ideal sources are for wholesale products, and tools to use for wholesale sourcing.

business is a mansion

By the end of this module, this is what you will learn:

  • How Amazon’s Buy Box works, and how you can determine who your true competitors are.
  • How Amazon’s best seller rank (BSR) works, and how you can use it to determine how much potential demand there is for a specific product.
  • How Return on Investment (ROI) and margin are calculated, and how you should use them in your decision making.
  • How to set your own specific buying guidelines that you are comfortable with.
  • What the differences are between buying directly from manufacturers / brand owners vs distributors.
  • How to layout your long term strategy map, which will guide your short term strategy.
  • Identify who the ideal targets are for wholesale sourcing on Amazon.
  • Have a basic understanding of the tools that can be used to help save time while wholesale sourcing.

It’s time to get started!

Be The First To Know When The Next Module is Released!

Be The First To Know When The Next Module is Released!

Want to take your business to the next level?  Join my Mentoring Program.

Continue on to Module 2 Part 2: Understanding how the buy box works

Wholesale Lingo and Terminology – Wholesale Course Module 1 Part 5

Wholesale Training Course

This Post is part of the “FREE Wholesale Training Course”.  You can view the entire course listing and introduction to the course here.

You are here:

Module 1: Wholesale Mindset

You can click on each of the links above to go directly to the area of the module the best interests you.  That being said, lets get right into the content!

Read More

Prepare Your Mind For Thinking Wholesale All The Time – Wholesale Course Module 1 Part 4

Wholesale Training Course

This Post is part of the “FREE Wholesale Training Course”.  You can view the entire course listing and introduction to the course here.

You are here:

Module 1: Wholesale Mindset

You can click on each of the links above to go directly to the area of the module the best interests you.  That being said, lets get right into the content!

Read More

Skill Sets Needed To Succeed In Wholesale Sourcing – Wholesale Course Module 1 Part 3

Wholesale Training Course

This Post is part of the “FREE Wholesale Training Course”.  You can view the entire course listing and introduction to the course here.

You are here:

Module 1: Wholesale Mindset

You can click on each of the links above to go directly to the area of the module the best interests you.  That being said, lets get right into the content!

Read More

Differences Between Product Sourcing Methods – Wholesale Course Module 1 Part 2

Wholesale Training Course

This Post is part of the “FREE Wholesale Training Course”.  You can view the entire course listing and introduction to the course here.

You are here:

Module 1: Wholesale Mindset

You can click on each of the links above to go directly to the area of the module the best interests you.  That being said, lets get right into the content!

Read More

Set Your Mind Right For Wholesale Sourcing – Wholesale Course Module 1 Part 1

Wholesale Training Course

In my previous post, I introduced something crazy – a full blown Wholesale Training Course for FREE.  In that post, I explained why I am making this course, and outlined exactly what will be covered over the eight different modules it will have.

Today, I release module 1: Wholesale Mindset.  This particular module starts your journey toward learning wholesale.  For seasoned Amazon sellers, a lot of this may be re-hash, or not even necessary.  If it is, I’m sorry!  Come back for modules 3-4, which is when the real meat of the course takes off.

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Amazon Wholesale Sourcing Training Course

Wholesale Training Course

Unless you’ve been stuck under a rock the last few years, you know there is an amazing opportunity to make money selling on Amazon.  There’s been a lot of information easily available for many different sourcing methods – specifically retail arbitrage, online arbitrage, and private label (which seems to have been the rage the last few years).  While the hype machine has been rolling for these types of sourcing models, there has been one sourcing model in the background that few talk about.  This is the secret model that many companies have used for years to build up their businesses into multi million dollar empires.  What is this secret model?

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