Monthly Archives: September 2017

Bringing Together The World’s Leading Amazon Sellers and Sourcing Experts

Twice a year, the Global Sources Summit hosts the leading speakers on sourcing and private labeling from every corner of the Earth

For Amazon marketplace sellers, private labeling remains one of the most popular business models. This is where sellers source a generic item, create a logo and custom packaging, and then offer it on Amazon under their own brand name and listing.

But the private label model is more difficult than people think, and one of the most difficult aspects is sourcing products from China – especially if sellers have no previous experience of importing. They often make simple but costly errors, like miscommunicating with their supplier or having the wrong export documentation.

This is where the Global Sources Summit comes in. It aims to help established Amazon sellers source more efficiently, by learning from the world’s top sourcing and private label experts. It also gives sellers the opportunity to source products from two co-located trade shows, and to visit Chinese suppliers in person.

Continue reading →

Dropshipping: The Essential Guide for Getting Started

Cody Stallard talks all things dropshipping. From deciding what to sell and finding a legitimate supplier, through to processing orders

This post is by Cody Stallard and was originally published as a ten part series on The Wholesale Forums

If you’re looking into selling online, then you will more than likely have come across the term “dropshipping”. Sadly, this isn’t the practice of dropping a ship into the middle of the ocean, however fun that may sound.

No, dropshipping is a business model for online sellers, where merchants don’t purchase their stock until they receive an order. How is this possible? Well, they list an item and then, when an order is placed, they order it from their supplier, who ships it straight to the customer.

Dropshipping is one of the most attractive strategies for selling online, primarily because you never see or touch your stock. This means that you don’t have to find room for hundreds of units, or spend time handling and shipping orders.

In this post, I’ll be looking at the whole dropshipping process, covering everything from from the pros and cons of starting your own dropshipping business, to how the order process works and how to find legitimate suppliers.

Continue reading →

Is Amazon Controlling My Sales? No Matter What I Do, They Stay Flat

Matthew Ferguson explains how following “the data brick road” and embracing change can prevent your Amazon sales from flatlining

Have a question for us? Send it to questions@webretailer.com. Readers’ Questions are in partnership with Emanaged and Online Seller Consulting.

Question

Five years ago, we started selling kitchen products on Amazon.de. We started with about 500 SKUs and doubled this to 1,000. We then got rid of 500 SKUs that didn’t sell well, and listed new products. At the moment we are at about 800 SKUs, and always sell between 14,000 and 15,000 units a month.

We also have a top seller that sells 2,000 units every month. We had two months where we weren’t able to stock this product so didn’t sell a single unit, yet we still sold between 14,000 and 15,000 units overall those months.

If we have some weeks above average then the next few weeks are below average. We do not change prices much and we do not change our sponsored ads. This is really frustrating as we have the resources to grow, but no matter what we do, we always have the same amount of sales every month.

Do you know anything about Amazon controlling sales, to keep sellers on a certain level?

— Bernd M., Austria

Continue reading →

WorldFirst’s New World Account Opens to All Sellers in the UK and EEA

Selling internationally? Avoid unnecessary currency conversions, pay suppliers, and transfer currency balances with this new service

Currency conversion company WorldFirst have been testing an innovative new service with their customers since May this year: the World Account.

Now it’s available to all online sellers in the UK and the EEA (European Economic Area). Businesses in the USA and worldwide can register their interest to get a World Account when they launch globally.

For years, sellers have been using WorldFirst’s receiving accounts to bring funds home from international marketplaces. But online selling has evolved, and sellers need more than just an account to collect their payments. They need to pay suppliers, settle VAT liabilities, transfer between currencies, and manage their accounts on the move.

That’s where the World Account comes in. It’s a big leap forward in currency services for online sellers.

Continue reading →