Because of today’s fast-changing demand for consumer goods, more and more people are joining Amazon, as it continues to dominate the list of e-commerce companies in the U.S. It’s easy to be a seller on this website because it works just like an actual shopping mall except that it’s all done virtually. You can hire someone to do your Amazon product photography to get high-quality pictures of your items posted. Then come up with good copies for your brand and product lists, and you’ll be on your way to the world of e-commerce.
But before you can do any of that, you first have to figure out where your products will be coming from. Here are three ways you can source your products for selling on Amazon.
When you purchase ready-made goods direct from manufacturers and sell them branded with your own name and logo, that’s called private labeling. It’s probably the most common way to source goods for e-commerce. Manufacturers from China and India are some of the top sources for this practice.
In dropshipping, the merchant doesn’t have his or her own stock of goods. Instead, when a buyer places an order for his or her product, that’s the only time the merchant will purchase it directly from the manufacturer and have the manufacturer ship it directly to the buyer. In other words, the goods don’t physically go through the merchant.
Reselling wholesale products
This practice is more traditional even for brick and mortar businesses. Here, you buy goods in volume from the manufacturer or from a wholesale distributor and then sell the items at a markup. When you buy wholesale goods, you can always get them at a lower price, which will give you a lot of room to make a profit.
These are the top three most common ways to get products for resale on Amazon. It’s never too late to get on the online selling bandwagon as long as you do enough planning and research before jumping on. You’ll never know when you can be the next best seller on Amazon.