Thread by @oliverflips

How to find Wholesale Suppliers

(the easy way)

/thread

Amazon is getting stricter with sellers.

Lose a shipment?

They won't take a receipt, they need an invoice.

Retail / Online Arbitrage is a great way to start and to make a good living

BUT

You should hedge your business with multiple sources of business income.

Wholesale is a great option - here's why:

-Lower prices
-Higher barrier of entry
-Larger product selection
-Get ungated in anything they carry
-Lower margins but higher volume/ availability

First, find a great product.

What makes a great wholesale product?

-Boring
-Replenishable
-CONSISTENT PRICE

Everyone is chasing hype products. You should be chasing vitamins, dinner plates, and toilet paper.

Enter: Keepa Product Finder

When you are searching for products on Amazon, narrow your search to items that have VERY LITTLE fluctuation in price.

Bonus search tip:

Keep the offer count 90 day avg low (5-10 offers)

Items that are boring, low margins, and gated have less competition, therefore, fewer sellers.

Now that you have some results, here is the easy part.

Start Googling item titles.

Yeah, it really is this simple.

You can also type "product name wholesale"

The best results are items like:

-Grocery
-Vitamins
-Paper Products

Pay close attention for opportunities to bundle.

I've just done a Keepa product search and narrowed it down to 1300 results.

I see some good products, and I start Googling.

In my first 5 minutes - I find a top 0.06% product that I can sell for 37% ROI.

Here is how to make the most of your searches:

-Don't stop at page 3, 5, 9 - go deep into Google
-Follow your curiosity, open links, follow rabbit trails
-If you want 5 wholesale relationships, find 50 leads. This is a numbers game.

Some wholesalers will not respond.

Some won't deliver to residential addresses (it helps to use a prep center for this)

Some will take just about anyone and they are glad you found them.

Start to build wholesale relationships and a replenishable business and it will make it easier to outsource.

Monitor your sales and have a routine of regular orders that are sent to a prep center.

You can pay people to do this admin work while you find new profitable skus.

Did you gain value from this thread?

Please retweet so others can learn as well!

https://twitter.com/oliverflips/status/1428823498567393284?s=20

Do you want to start a business that can replace your 9-5 income?

Are you a reseller who has hit a ceiling, and want to dramatically increase your sales?

Send me a DM to see if we are a good fit to work together.