Amazon FBA wholesale suppliers are one of the leading business solutions when it comes to E-commerce. It is a great opportunity for people to grow their business and reach a large number of people with the best investment plans.
One of the assumptions that is common among people is that they consider sourcing products at reasonable pricing a problem. Finding a supplier that can work with you at all levels is like a gift. Also, it may be time taking or you may be lucky enough to get the ball rolling quicker than you know. But once you get a good wholesale supplier the rewards are amazing.
Many people think that opening an Amazon FBA account is easy but sustaining it as the business grows is tough. Besides, they also think that finding wholesale suppliers is difficult or impossible. But they are wrong!
It is not difficult at all!
Every newbie has a fear of Amazon FBA but after reading this you will be able to source products easily and stress-free.
You will never be afraid of this passive income path ever again! Get ready to pursue your passive income dream and get started.
In this article, we will tell you about how to find the wholesale suppliers for Amazon FBA!
Check out the list of some strategies you can cope with to find the best wholesale suppliers.
- Uncover the suppliers and manufacturers of your competitors
- Use wholesale directories
- Sourcing from online B2B wholesale websites
- Visit the wholesale markets of your interest
- Attend trade shows and exhibitions
- Tour of manufacturing hubs
This list is not enough to give you the information that you need. We will dig deeper into all the enlisted points mentioned above. It will give you a clear picture of how to begin and take maximum advantage from this blog.
Uncover the Wholesale Suppliers and Manufacturers of Your Competitors
It would be handy if you get a list of suppliers that are currently supplying to the top Amazon sellers. And you can get it in a very simple way. All you need to do is uncover the details of the suppliers and manufacturers who are already selling to existing FBA sellers and source from them.
If you are thinking that how you will be able to extract that list then keep it in mind, we are telling you that right now!
The list of all imports that are made to the USA is documented by the US Customs. Also, you can simply check out their website for all the import data that is required, such as, supplier name, number of shipments and buyer name, etc. Moreover, you will face some difficulty in the public import data as it is not available in a proper format and you would find a slight difficulty in extracting the relevant information.
Another important source to extract the list is the popular Jungle Scout website. It is an online database and it helps you find the suppliers and manufacturers for any amazon product with just one click.
Using Wholesale Directories
Wholesale directories are a collection of trusted suppliers with their contact details from all across the globe. So, you can say that these directories are like yellow pages of wholesalers. You can effortlessly find wholesale suppliers for any item/ product or niche from any part of the world in a few minutes.
There are two most popular directories out there, that is, SaleHoo and Worldwide Brands.
Features of SaleHoo
- List of more than 2.5 million products
- List of more than 8000 trusted suppliers
- More than 137,000 customers are using its benefits
- You can filter suppliers with the highest ratings
- Can help you find branded products from bigger companies (e.g. Lego, Sony, Nike, etc.)
- Filter location-based suppliers easily
- No minimum order quantity is required
- Moreover, exclusive deals and offers of discounts for SaleHoo customers
Features of Worldwide Brands
- Its directory is updated regularly every week
- No annual or monthly fees are required
- One-time fee only
- Offers unlimited wholesale accounts
- You can ship directly from wholesaler’s warehouse to customer
- Protection from Scam
Sourcing from Online B2B Wholesale Suppliers Websites
These are online market places that connect Amazon sellers like you. B2B are considered as pure marketplaces and are directly involved in the transaction. Using these marketplaces, it gets easier for you to find and place orders with suppliers.
You can perform end to end transactions using B2B marketplaces. Ordering, payments, and shipping can be tracked directly by the marketplace itself.
If you are buying at B2B marketplaces then keep in mind that you have to contact and pay suppliers independently as well as you will have to track the shipments manually.
Moreover, buying on this platform is like buying on Amazon. You add products to the cart, proceed to checkout, pay, and track your order, that’s it!
Alibaba, DHgate, and Global Sources are some of the popular wholesale B2B marketplaces.
Visit the Wholesale Markets of Your Interest
You can head over to the markets of your interest as it is a direct way to purchase wholesale goods. Go to the suppliers in the market, talk to them, and buy any product of your interest on the spot.
Try google search and hunt down top wholesale markets of your niche in your country or whatever location you would like. Once you list out the markets and their details with locations just plan the visits without giving it a second thought.
Some tips that might help you are given below.
- Shortlist maximum suppliers from your search
- Prepare a list of exact addresses
- Try calling the shortlisted suppliers
- Take an appointment and introduce yourself before visiting them
- Make sure the supplier is responsive
- Whilst visiting suppliers exchange visiting cards
- Ask for product samples and note their prices
- Learn about their trade practices (packaging, labeling, delivery, etc.)
- Order small lot in the beginning as you finalize a supplier
- Choose a supplier that can provide you on time
- Don’t look for a supplier who can’t provide you on a given time as it will drop your Amazon ranking if sales drop due to late supplies
- Check the legal status of the supplier before making a deal
- Check for reviews or testimonials regarding the supplier
- Inspect the warehouse of the supplier
- Check if its already being sold on amazon or not
- Negotiate best rates and convince for a long-term partnership
- Make sure to order huge quantities if sales take off
- Also, make clear payment terms
- Choose a convenient mode of payment
Attend Trade Shows and Exhibitions
Trade shows and exhibitions are one of the best ways to connect with the buyer and sellers of any particular industry or niche. They usually last for a few days and are typically held in business cities of most countries.
Sellers place their stalls and exhibit their latest products or items for the buyers to have a look and pursue trade inquiries. Buyers can inquire about their company, product and any detail they would like before signing up with the sellers.
Sellers have to pay for a stall whereas for buyers the trade show is usually free of cost. Therefore, trade shows are considered one of the most effective ways to hunt wholesale suppliers as they are safe and highly cost-effective (most of the time). You have an opportunity to interact with hundreds of small and big brands and manufacturers in one place.
The edge of trade shows is that foreign brands, sellers, and manufacturers also participate in them. So, you have great pitching opportunities as well.
Some tips that might help you are given below.
- While visiting stalls introduce yourself
- Ask for products samples and descriptions
- Exchange visiting cards
- Make healthy discussions
- Negotiate your trade terms and conditions
- Ask them to pay a visit to your factory or production area
- Make sure suppliers are genuine and have trade capacity
- Order a small lot after observing the quality controls while factory visit
Therefore, if you are highly concerned about product quality then it is the best method for you. Typically, the suppliers who are participating in trade shows are quality sensitive and have certifications as well.
Tour of Manufacturing Hubs
According to the internet statistics, China and Japan are the top manufacturers in the world. China contributes to 28.4 percent of the manufacturing output in the world whereas Japan produces approximately 7.2 percent of the same.
The best thing you can do is visit the manufacturing hubs in these two countries, import the products or items that can have good sales and profit margins, and resell them through Amazon FBA.
Following are some of the popular manufacturing hubs in China:
- Shanghai (Steel)
- Shenzhen (Electronics)
- Hong Kong (Trading & logistics)
- Ningbo (Chemicals)
- Qingdao (Automobiles & machineries)
- Guangzhou (Automobiles)
- Tianjin (Textile)
Following are the some of the popular manufacturing hubs in Japan:
- Tohoku (Automobile & medical equipment)
- Chubu (Advanced automotive)
- Shikoku (Food processing & shipbuilding)
Therefore, you must spend at least 10 to 15 days to explore the manufacturers and their products. Observe the production processes and their trade capacities. Collaborate with people of Research and Development. Besides sourcing, you will be able to learn a lot of new things about the manufacturing industries and products.
This sourcing process will work best for you if you have a really good budget and are willing to initiate your own FBA business with full force.