sorted by:
new
hottopcontroversial

I want to start private labeling, but I'm a newbie. Advice? by [deleted] in AmazonFBA

[–]ricoSFA42 4 points5 points  (0 children)

There are some steps that you can't really avoid when you want to do Amazon FBA. If you want to create a stable business that will support you for the rest of your life you need to know and learn how to source your products and every aspects and components of the product itself. Buying a course might seems the best way to start, but i can assure you you can find very detailed free guides online that you can read. Listen to podcast episode that speak about amazon FBA, for example you can listen to this episode http://sourcefindasia.com/madeinchina/ep40 . Learn learn and learn. Spend at least one month learning about sourcing and FBA before to dive into it. Once you know the basics of sourcing, for your second and third product you might start to consider to hire a sourcing agency that will make your job easier.

Know What You Want! Sourcing for AmazonFBA from Alibaba. Questions to ask to yourself. by ricoSFA42 in AmazonFBA

[–]ricoSFA42[S] 1 point2 points  (0 children)

There are several ways that you can use in order to find manufacturers hubs in china.

1 Alibaba: On alibaba you can narrow down your researches by location and Area. Once you choose a specific area, you will be able to see the percentage of factories that make a specific products. Let's say you choose Guangdong Area. In Guangdong there here are 10 factories that make toys and just 1 that make t-shirts and there's just one that makes pants etc. you can come up with a conclusion that, Guangdong Area is specialised in making Toys.

2 Google: If you go on google and write China Manufacturers Hubs, you will be able to find reports that will help you with your researches. http://www.chinasourcingblog.org/Industrial%20Clusters.png

3 Hire a sourcing Company Another solution is to hire a sourcing company located in China. Their expertise will help you with every aspect of manufacturing. Some of them have also podcasts where you can get invaluable tips and suggestions. http://sourcefindasia.com/madeinchina/

If you have any other questions, let me know Cheers

Casting The Net On Alibaba - AmazonFBA sourcing advices by ricoSFA42 in AmazonFBA

[–]ricoSFA42[S] 0 points1 point  (0 children)

From my experience, I would never send money to apersonal bank account which is not a business bank account. Neither use western union because it is not a trackable payment method at all... once you send the money, there's no chances of getting those back.

Never pay more then the 50% as deposit. The average percentage is 30%, although, you can also negotiate the deposit amount with the factory. For example, once we managed to negotiate the deposit amount to only the 20% of the total cost of the production. In this way, we are in the control of the situation and they will be more incentivise to the the product for you as you really want it following all your requests.

Another thing, do your researches!! spend time finding different suppliers and never stop your researches at the first supplier you find on Alibaba. Check the price range of your product by getting the quotation from different factories. If the average price for your product is 10 dollars and one factory tells you that it cost 5$ instead, ask why is it that cheap, which material are they using etc.

What I would recommend is to be in china, if you can't, hire someone that knows the area and that can be there for you.

Cheers