The popular e-commerce resource website “Lunch With Norm” has released its third installment of “Amazon FBA 101,” covering the topic of product sourcing for Amazon sellers. The article discusses sourcing techniques, negotiating with suppliers, product quality, and supplier relationships.
Fort Lauderdale, FL, Sep 03, 2021 /prREACH/ -- Norm Farrar has become the go-to resource for Amazon sellers, hosting a popular podcast and blog website under “Lunch With Norm.” Farrar is creating the ultimate Amazon FBA guide with his most recent installation based on product sourcing titled “Amazon FBA 101 Part 3: How to Source Products to Sell on Amazon.”
To read the full blog post, visit https://lunchwithnorm.com/?p=6449.
Often, finding the ideal products to sell can be one of the biggest challenges that an Amazon seller faces when starting a new business online. However, once the perfect products are identified, the next hurdle is finding the best way to source those products.
Farrar suggests the following common sourcing techniques for sellers to consider:
- Retail Arbitrage
- Online Arbitrage
- Private Label
- B2B Marketplaces
- Auctions and Thrift Shops
- Produce Products
- Outsourcing or Virtual Assistants
Once sourcing is established, Farrar cautions, “Finding the correct supplier is a vital aspect in ensuring success when selling wholesale on Amazon. However, you must first understand how to negotiate and deal with them. Don’t just behave as an Amazon wholesaler. Demonstrate to them that you mean business and are willing to be a long-term partner.”
Additional aspects of the sourcing process that should not be overlooked are quality control and building a solid relationship with suppliers. “When you consider that 53% of customers believe quality is essential when purchasing a product, high-quality items result in more sales and a stronger business,” Farrar adds. A strong working relationship with an Amazon supplier is critical for producing high-quality products and can increase the chances of obtaining new items in development, a greater level of customized service, preferred pricing, and even unique terms.
In addition to his informative articles, Farrar hosts a free live and interactive podcast for all entrepreneurs where he features experts in the online marketplace. Covering topics from Amazon and e-commerce to digital marketing and social media, the podcast gives listeners sound advice and tips to apply to their online businesses. Tune in to the live podcast every Monday, Wednesday, and Friday on Facebook or find previous episodes at https://podcasts.apple.com/ca/podcast/lunch-with-norm/id1525564513.
For those interested in learning more from “Lunch With Norm” blog posts or to find information about Farrar’s e-commerce and branding services, visit the official website.
About Norman Farrar
Entrepreneur and businessman Norman "The Beard Guy" Farrar stands at the forefront of the economic mega-machine known as Amazon Marketplace. As a leading expert with over 25 years of product sourcing, development, and branding expertise, Norm is an advisor to many and an inspiration to all.
Throughout his career, he has worked with big brands including Mercedes-Benz, Coca-Cola, Dell, Microsoft, Target, Hershey, 20th Century Fox, Molson's, Cadbury and a wide variety of emerging businesses that are celebrating sudden escalation in profitability and sales as a result of taking action on his advice and proven methods.
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