Essential tips for sourcing your Amazon products
Product sourcing for Amazon refers to the process of finding and acquiring products to sell on the Amazon marketplace. This can include identifying products that are in demand, negotiating with suppliers to obtain competitive pricing, and ensuring the products meet Amazon’s quality standards.
As an Amazon seller, sourcing products is a crucial aspect of building a successful business on the platform. The process of product sourcing can involve a variety of methods, including:
Wholesale purchasing: Buying products in bulk from a supplier and reselling them on Amazon.
Private label: Creating your own brand and having a manufacturer produce the products for you.
Retail arbitrage: Finding products at retail stores or online marketplaces at a discount and reselling them on Amazon.
Dropshipping: Partnering with a supplier who ships products directly to customers on your behalf.
Regardless of the method, effective product sourcing involves research, analysis, and relationship-building with suppliers. By sourcing quality products that meet customer demand, Amazon sellers can build a profitable business and achieve success on the platform.
Product sourcing can be a complex process that requires careful research and analysis to find the right products at the right price. Here are some general steps to follow for successful product sourcing:
Identify your niche: Start by choosing a niche or category of products you want to sell. This can help you focus your research efforts and become an expert in that area.
Research demand: Use tools like Amazon’s Best Sellers list, Google Trends, and social media to identify popular products and trends within your chosen niche. You can also look at customer reviews to see what products people are talking about.
Research suppliers: Look for reliable and trustworthy suppliers for the products you want to sell. You can use directories like Alibaba, Global Sources, and ThomasNet to find suppliers, or attend trade shows and network with suppliers in your industry.
Analyze pricing and profitability: Once you’ve found potential suppliers, compare their pricing to ensure you can make a profit on the products you want to sell. Be sure to factor in other costs like shipping and storage fees.
Order product samples: Before making a large order, it’s important to test the quality of the product by ordering a sample. This can help you identify any potential issues before committing to a large order.
Place an order: Once you’ve found a supplier and tested the product, place a small order to test the market and see how well the product sells.
Build relationships with suppliers: Maintain good relationships with your suppliers by communicating regularly and paying on time. This can help you secure better prices and terms in the future.
Overall, successful product sourcing requires a lot of research, careful analysis, and good communication with suppliers. By following these steps and staying vigilant, you can find quality products to sell on Amazon and build a successful business.
Successful product sourcing requires a combination of skills, knowledge, and resources. Here are some key requirements to consider:
Market knowledge: A successful product sourcing strategy starts with a deep understanding of your target market. You should have a good grasp of customer needs, preferences, and trends, as well as an understanding of the competitive landscape.
Supplier network: Building a strong supplier network is crucial for successful product sourcing. You should have relationships with reliable suppliers who can provide you with high-quality products at a reasonable price.
Negotiation skills: Negotiating with suppliers is an important aspect of product sourcing. You should be able to negotiate effectively to get the best possible price and terms.
Quality control: Ensuring that the products you source meet your quality standards is essential for maintaining customer satisfaction and building a good reputation. You should have a system in place for quality control and product testing.
Logistics and supply chain management: Managing the logistics and supply chain for your products can be challenging, particularly if you’re dealing with international suppliers. You should have a good understanding of logistics and be able to manage the shipping and storage of your products.
Financial management: Successful product sourcing requires a good understanding of financial management. You should be able to manage your cash flow, track your expenses, and maintain a healthy profit margin.
Data analysis: Analyzing data is essential for identifying trends and making informed decisions about product sourcing. You should be able to track sales data, analyze customer feedback, and use data to inform your sourcing strategy.
By developing these skills and resources, you can create a successful product sourcing strategy that will help you find the best products to sell on Amazon and build a thriving business.
Shipping sourced products to an Amazon warehouse involves several steps. Here’s an overview of the process:
Create a shipment plan: Before you can send your products to an Amazon warehouse, you need to create a shipment plan in your Amazon seller account. This involves specifying the products you’re sending, the quantity, and the destination warehouse.
Prepare your products for shipment: Once you’ve created a shipment plan, you need to prepare your products for shipment. This may involve labeling, packaging, and palletizing your products according to Amazon’s guidelines.
Choose a carrier: You can use Amazon’s partnered carriers or choose your own carrier to transport your products to the Amazon warehouse. If you choose your own carrier, you’ll need to provide the carrier with the shipment details and delivery address.
Generate shipping labels: You’ll need to generate shipping labels for each box or pallet you’re shipping. You can print these labels through your Amazon seller account, or use a third-party labeling service.
Deliver the products to the carrier: Once your products are packaged and labeled, you can deliver them to the carrier for transport. Be sure to obtain a tracking number or other proof of delivery to track your shipment.
Track the shipment: Once your shipment is en route, you can track its progress using the carrier’s tracking system. You should also monitor your Amazon seller account for any updates on the status of your shipment.
Confirm receipt of the shipment: After your shipment arrives at the Amazon warehouse, Amazon will confirm receipt and update your seller account with the status of your products.
Overall, shipping sourced products to an Amazon warehouse requires careful planning and attention to detail. By following Amazon’s guidelines and ensuring that your products are properly labeled and packaged, you can ensure a smooth and successful shipment process.
Shipping sourced products to an Amazon warehouse requires following certain requirements and guidelines to ensure the products are received and processed correctly. Here are some of the key requirements to keep in mind:
Labeling: Each product must be labeled with a scannable barcode that includes the Amazon Standard Identification Number (ASIN) and your unique seller SKU. The label must be clear, readable, and securely attached to the product.
Packaging: Products must be packaged securely to prevent damage during transit. You should use sturdy boxes, bubble wrap, and packing materials to protect the products. Be sure to follow Amazon’s packaging guidelines to ensure that the products are received in good condition.
Shipment details: When you create your shipment plan in your Amazon seller account, you must provide accurate information about the products you’re sending, the quantity, and the destination warehouse. You’ll also need to specify the carrier you’re using and the shipment method.
Carrier requirements: If you’re using a carrier other than Amazon’s partnered carriers, you’ll need to ensure that the carrier meets Amazon’s requirements for carrier eligibility. You’ll also need to provide the carrier with the necessary shipping labels and delivery address.
Delivery window: You’ll be assigned a delivery window for your shipment based on the carrier and warehouse location. Be sure to deliver your products within the specified window to avoid delays and additional fees.
Tracking and confirmation: You should use a carrier that provides tracking information so that you can monitor the status of your shipment. Once your shipment has been delivered to the Amazon warehouse, Amazon will confirm receipt and update your seller account with the status of your products.
By following these requirements and guidelines, you can ensure that your sourced products are shipped to the Amazon warehouse in a timely and efficient manner, and that they are received and processed correctly.
In conclusion, sourcing products to sell on Amazon can be a challenging but rewarding process. To be successful, you need to have a deep understanding of your target market, develop a strong supplier network, and have the necessary skills and resources to negotiate effectively, manage logistics, and ensure quality control.
Once you’ve sourced your products, you’ll need to ship them to an Amazon warehouse to be stored, processed, and fulfilled. This involves following certain requirements and guidelines, including labeling and packaging your products correctly, providing accurate shipment details, and choosing a carrier that meets Amazon’s eligibility requirements. By following these guidelines and requirements, you can ensure that your products are received and processed correctly, and that your customers receive their orders in a timely and efficient manner.
Overall, successful product sourcing and shipment to Amazon warehouses requires careful planning, attention to detail, and the ability to adapt to changing market conditions and customer needs. With the right strategies, resources, and skills, you can build a thriving business selling products on Amazon.
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As third party sellers gear up for the approaching holiday season, Amazon has recently announced a crucial update that warrants the attention of all sellers utilizing its fulfillment centers. This announcement concerns the management of aging inventory and aims to optimize space within the centers to accommodate the surge in demand during the holiday period. In this article I will be addressing this change and explaining how it impacts your business.
Commencing September 15, 2023, Amazon is implementing a new policy pertaining to aging inventory. The core aspect of this policy involves the potential removal of aging inventory from Amazon’s fulfillment centers, unless sellers choose to opt out of this process.
In this context, aging inventory refers to units that have been stored within an Amazon fulfillment center for a duration exceeding 365 days. To mitigate the accumulation of aging stock and to make room for new incoming products, Amazon has decided to introduce an automated process for the removal of such inventory.
While the notion of automated inventory removal might raise questions, it’s imperative to acknowledge the potential advantages this policy could bring to your business:
- Aged Inventory Surcharge Reduction: Sellers are subject to charges for housing aging inventory for prolonged periods. Allowing for automated removal could potentially save sellers from incurring these surcharges, thereby leading to cost efficiency.
- Enhanced Inventory Performance Index (IPI) Score: By actively participating in the automated removal process for aging inventory, sellers have the opportunity to enhance their IPI score. This metric reflects the efficiency of your inventory management and can influence factors such as search result placement and overall visibility.
Under the new policy, you will have the following choices:
- Returning Aging Inventory: Should you wish to retain your aging inventory, the process entails providing a valid return address through the Automated Fulfillable Inventory settings. This way, Amazon will return your aging units to you, preventing their removal from the fulfillment centers.
- Recycling, Donation, or Removal: Failing to provide a valid return address prompts Amazon to take further steps, which might involve recycling, donating, or outright removal of the aging inventory to optimize storage space.
- Opting Out of Automated Removal: If you prefer to maintain full control over your inventory and prevent automated removal, the “Disabled” option within the settings allows you to opt out of this process.
It’s paramount to note that once automated removals are initiated, they cannot be reversed. This underscores the significance of making a well-informed decision in accordance with your business strategy.
For sellers currently possessing aging inventory and yet to modify their removal settings, Amazon will notify you through email and Seller Central regarding impending automatic removals. Staying vigilant and proactive will be key during this transitional period.
For adjusting your settings and making informed decisions, navigate to “Automated Fulfillable Inventory settings.” To monitor aging inventory status and overall health, access “Manage Inventory Health.”
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Starting from August 23, 2023, Amazon is making a change that’s going to merge the Responsible Person dashboard with the Manage Your Compliance dashboard. I’m here to break it down and explain what this means for third party sellers.
During migration, your list of ASINs from the Responsible Person dashboard will be automatically added to the Manage Your Compliance dashboard, along with their compliance status: Completed, No longer requested, or Not submitted.
The Responsible Person dashboard will then be closed down, and any new Responsible Person submissions must be made on the Manage Your Compliance dashboard.
It is recommend that for all your ASINs that appear as “past due” on the Responsible Person dashboard, you add your Responsible Person information as soon as possible prior to the migration on 23. August.
Doing so will help to ensure the information is validated before the transition and automatically transferred to the Manage Your Compliance dashboard. You can also choose to do this for ASINs that appear with a due date of September 30, 2024, to ensure that you are compliant in advance.
As part of the migration, the Amazon Responsible Person service has been paused for new subscribers.
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If you’re an Amazon seller on Amazon.de, you might have recently come across an important announcement that could impact your listings. As of 1 July 2023, Amazon.de has deactivated all listings that are non-compliant with Extended Producer Responsibility (EPR) requirements for waste from electrical and electronic equipment (WEEE). But don’t worry – we’re here to provide you with all the information you need to navigate these changes and reinstate your listings.
Extended Producer Responsibility (EPR) is a crucial aspect of waste management, designed to shift the responsibility of managing waste from electrical and electronic equipment back to the producers. If you’re a producer selling on Amazon.de, there are specific steps you need to take to ensure compliance:
- Registration and Collection System: If you’re a producer with a branch in Germany, you must register with stiftung ear for each brand and type of equipment combination you’re selling. Additionally, setting up a collection system for your WEEE is mandatory.
- Authorized Representative: For producers without a branch in Germany, appointing an authorized representative from stiftung ear’s list of admitted representatives is necessary.
- Compliance Solutions: Amazon offers solutions for producers to achieve compliance. You can choose from EPR Services on Amazon or the EPR Service provider network.
- Supplier Information: If you’re not a producer, you need to request WEEE-Reg.-Nrs. (WEEE registration numbers) from your upstream supplier for each brand and type of equipment combination you’re selling.
To reactivate your listings and prove your compliance with EPR requirements, follow these steps:
- Register Brands and WEEE-Reg.-Nrs.: Register your brands and submit your WEEE-Reg.-Nrs. for each brand and equipment combination on the Seller Central Compliance Portal. Ensure you do this only after the registration numbers are visible on the Stiftung ear portal.
- Non-Producer Declaration: If you’re not a producer, indicate this by checking the appropriate box when submitting the relevant WEEE-Reg.-Nrs. on the Compliance Portal.
Once you’ve completed the necessary compliance steps, you should be able to reactivate your electrical and electronic equipment (EEE) listings on Amazon.de. It’s important to make sure all your brand and type of equipment combinations are covered and registered.
If proving compliance poses challenges for your products, leading to listing deactivation, follow these steps:
- Contact Support: If you believe your products are exempt from these regulations, get in touch with Selling Partner Support.
- Further Information: For comprehensive information, refer to the EPR requirements: WEEE in Germany help page, the guide and video provided by Amazon, and Stiftung ear’s informative videos available in both German and English.
As an Amazon seller on Amazon.de, understanding and adhering to EPR requirements for waste from electrical and electronic equipment is paramount. Compliance not only ensures your listings remain active but also contributes to responsible waste management. By following the outlined steps and utilizing the provided resources, you’ll be well-equipped to navigate these changes and continue your successful journey as an Amazon seller.
I hope you found this article helpful. If you are experiencing issues with your Amazon Seller Account and your Seller Account already received a warning or is under a review, I can help you resolve the matter.
If you would like to hire me to privately assist you, feel free to subscribe and reach out through my dedicated assistance page at www.onlyfans.com/kikaangelic, where I provide support with Amazon related matters in exchange for a small $24.99 fee. Alternatively, you can post into my free public discussion forum for Amazon Sellers, where I will answer your question.
To stay in touch, feel free to join and post into my large Amazon Seller Performance – Friendly Advice – Worldwide Facebook group, where you will be very welcome.
Many Amazon sellers recently started trading stocks and crypto currencies, hoping to diversify their income, which is a very good idea with all the uncertainty which comes with the platform. For this reason, we launched a new Facebook group, Crypto Arbitrage Income (Bitcoin, Crypto, Altcoins, Blockchain, Trading) – feel free to join us and forget about the troubles of selling on Amazon for a moment!
Additionally, here you can watch my YouTube video, where I am addressing everything you need to know about Seller Identity Verification and how to pass it:
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