If you are just starting out selling physical products on Amazon then you are probably doing retail arbitrage. That is how I recommend everyone start. You can also do online arbitrage. This is more convenient for some people or they hate shopping in stores. Anyway, these are the best two ways to get started. At some point, you want to venture into wholesale. It is not as scary as it sounds. This blog post will tell you one way to get your FBA first wholesale account. There are many ways to start in wholesaling but this is how I started.
Did you know that there are hundreds of trade shows? There are generic ones and niche specific ones. These take place all over the United States and in other countries as well. Some are small and some are huge. The first trade show that I attended was the Philadelphia Gift Show in Pennsylvania. This is a small trade show. Since trade shows contain wholesalers and distributors, you have to be a business.
So, I entered the show with my business cards, my rolling cart, my business credit card and my sales certificate not knowing exactly what to expect. I walked the trade show floor and discovered some vendors that peaked my interest. I found out more about what they had to offer and did my research to determine if their products would be profitable on Amazon.
I found a few that met my criteria and I proceeded to open my Amazon FBA first wholesale account. It was pretty uneventful. I gave them my credit card, filled out a form and that was it. I now had my first wholesale account. People had told me ahead of time, that the process was easy but I was not sure. I opened up my first wholesale account less than 6 months after I started selling on Amazon.
I have done this several times now. This is something that you can do also. The biggest thing is to make sure you do your research to determine if the products are going to be profitable. Don’t rely on the vendor telling you that their product sells well on Amazon. Once you get your electronic catalog or paper catalog, you have everything you need to start your research.
You may be wondering how you determine if a product is profitable. It depends on how you receive the data. Trade Shows for FBA Sellers will provide an introduction to trade shows for Amazon FBA sellers, step-by-step instructions on what you need to attend trade shows as well as step-by-step instructions on determining what to buy. Get started with your Amazon FBA first wholesale account now.