The infographic covers statistics about million-dollar Amazon sellers including private labeling, other sales channels, favored product categories, biggest concerns, sourcing strategies and marketing tactics.
Since 2009, M2E Pro has been connecting Magento, the world’s most popular ecommerce platform, with the world’s most popular marketplaces – eBay and Amazon.
It is a hugely popular system.
M2E Pro has been downloaded over 80,000 times from Magento’s app store, and in 2015 it handled nearly 57 million orders with a total value over $2.3 billion. Over 31,000 unique eBay accounts are connected to the system, along with more than 9,000 unique Amazon accounts.
Its massive user base makes M2E Pro one of the most popular marketplace management systems out there.
But that’s not all. There are three more factors that make M2E Pro even more remarkable:
- M2E Pro was completely free until late last year, when it stopped being funded by eBay.
- The company has a very strong community-driven philosophy. They don’t see M2E Pro as a piece of software you just buy and use, it’s a cause that every user should support and believe in.
- M2E Pro isn’t standalone software or cloud-based. It’s part of the Magento ecosystem, and is designed to do a very specific job alongside Magento and other apps. It can’t do anything on its own.
I spoke to M2E Pro co-founder Alex Podopryhora about this unusual company’s history, philosophy and future plans.
This post is by Adrian Klingel, founder of myFitment, a provider of auto parts fitment management software for eBay and Amazon sellers. Adrian has been in the aftermarket parts industry for 18 years, both as an independent consultant to a national auto parts retailer and as founder of Illumaware LLC, a supplier of automotive aftermarket technology solutions to large retailers and resellers.
This post covers auto parts fitment standards in North America. Other standards exist worldwide.
The auto parts aftermarket is huge, with estimated US sales of $142 billion in 2015. But it’s still adapting to online retail.
That’s a big opportunity, as consumers are looking to buy all kinds of replacement parts and performance accessories online, from fuses and filters to tires and even engines.
In this article I’ll talk about who sells auto parts online, what they sell and where they sell it. I’ll also cover who buys the parts, and what they are looking for from sellers. I’ll talk about the challenges of selling parts including the all-important fitment data.
Finally, I’ll cover some of the up-and-coming sales channels that sellers should be aware of.
This post is by Gary Huang, an American based in Shanghai, China. Gary has been working in sourcing since 2008, and is the creator of 80/20 Sourcing which teaches online sellers and small business importers how to save time and make more money when sourcing from suppliers in China.
Think of Alibaba as the “Yellow Pages”
When you think of sourcing from China what’s the first thing that comes to mind? Hopping on a plane and flying to Guangzhou to find a factory? No, you go on Alibaba!
But can you really find the right supplier for you on Alibaba without getting scammed? Or getting the wrong product? Or deliveries getting delayed? Or getting shipped a container full of dirt? You’ve heard the horror stories.
If you learn nothing else from this article, here’s the takeaway – Alibaba is an online directory just like the yellow pages. In other words, it’s a listing of suppliers and you shouldn’t trust Alibaba to vet them for you.
This post is by Andrew Tjernlund, Founder of Vigilante Products and AMZ Help – an “Ask the Experts” service for Amazon sellers. Andrew has been selling online for ten years, and made $10M of sales in 2015. His brother Will was interviewed here in 2015.
The private labeling hype machine has been running hot for a couple of years now.
Just find a product that’s already selling well on Amazon. Then source a generic version from China. Slap a logo on it, and sell it using Amazon FBA. Boom! Riches are yours. Now just rinse and repeat.
But there’s something rotten in this private labeling utopia. Hordes of new sellers seeking their fortunes have descended, and they aren’t getting the easy success all the training courses promised them. Why not?
Well, finding a “perfect product” that will sell like hot cakes is hard. Really hard. Driven by all those online courses and schemes, competition from other sellers has become fierce. On the other side of the equation, buyers are starting to cry foul. Even these fly-by-night “brand names” bring certain expectations of quality and support, and many of them are just not living up to it.
So here’s the Amazon product sourcing strategy that I use. It doesn’t depend on importing, you don’t need to find perfect products, and I’ve made it hard to compete against. For me, it’s been hugely successful.