13: Build Your Business Step 6 - How to Reach Out to Manufacturers to Get Pricing Details and Samples

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Business And Investing Sherpa

The Business and Investing Sherpa

20 episodes

3 days ago

Welcome to the Business and Investing Sherpa Podcast, where we’ll teach you how to build an automated, scalable, multi million dollar e-commerce business just like we did. Plus, we'll teach you how to invest the profits to reach financial independence and a whole lot more. We’re not interested in retiring early though, but rather, building a life we never want to retire from!

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13: Build Your Business Step 6 - How to Reach Out to Manufacturers to Get Pricing Details and Samples

Business And Investing Sherpa

29 minutes 13 seconds

4 years ago

13: Build Your Business Step 6 - How to Reach Out to Manufacturers to Get Pricing Details and Samples

How to Reach Out to Manufacturers to Get Pricing Details and Samples:

While vetting suppliers, there’s more to consider than just price. Though pricing is very important, other factors such as quality and communication are equally important. In this section, you will learn some tips and tricks for getting manufacturers to take you seriously along with our Free Supplier Contact Template.

Here are the steps we recommend:

Go to Alibaba.com and AliExpress.com and search for your product (or very similar products)
GlobalSources.com is another good option to find suppliers
On Alibaba.com, click the boxes on the left for “Verified Supplier” and “Trade Assurance”
Also, select the boxes for “Management Certification” if present
On Alibaba and AliExpress, look for very similar products to yours at good prices
Send a message to the supplier(s) on Alibaba and contact the seller(s) on AliExpress that you think look promising by sending them the Free Template we mentioned in the show by clicking here (revise it for your brand)
Respond back and forth with the trade company, or sourcing agent until you find one that communicates well with you, appears flexible enough on quantities to work with, and is willing to make products Private Labeled with your own brand on them
Negotiate the Pricing of Initial and Bulk Orders
Check that the Margin will meet our recommended criteria (details in episode on how to calculate margin and what our ideal thresholds are)
- Potentially use 1688.com tactic (described in the episode)
Get Samples and Compare Quality (very common to pay $100-300 for the effort that goes into preparing and shipping samples)
Choose Your Favorite Manufacturer and Place Your First Order (we will discuss in detail in the next Build Your Business Series Episode)

***** If you want to start your own online Amazon eCommerce business simply follow the steps of our Free Ultimate Guide by Clicking the Following Link: https://businessandinvestingsherpa.com/how-to-start-an-amazon-business/

Today's Sponsor:

Helium 10 - Our #1 Must-Have Tool to Succeeding on Amazon (Special Offer: 50% Off your 1st month or 10% Off every month with our affiliate link): https://businessandinvestingsherpa.com/helium10

Top Investing Tool:

M1 Finance - Our favorite investment tool because it’s FREE, allows you to purchase partial shares, and allows you to do automatic rebalancing - https://businessandinvestingsherpa.com/m1

Disclaimer: The above links are affiliate links, meaning we will earn a small commission at no cost to you. We greatly appreciate your support of the show in this way!