EA3 : Amazon Wholesale Category Selection, Order Quantities and Cash Flow

As a new Amazon wholesaler, it’s difficult to get started selecting an Amazon category to sell in, deciding on order quantities, and managing cash flow. These skills primarily comes with experience and involve a lot of moving parts. When compared to finding new products to sell and showing off your products it isn’t the most exciting task on your to-do list. But if you don’t get it right, it’s going to impact your business from top to bottom. Thankfully, it is not as difficult as you might think if you know the right things to look at.

Always Keep Learning

When I myself got started, it was a kind of learning curve for me as I failed often and failed forward. But most importantly, I learned from my mistakes and made the most out of them. At first you may find it a little difficult, too. To overcome this and to know the challenges that you are going to face listen to this episode.
From my experience as a coach the primary challenges faced by beginners who are trying to explore the world of Amazon wholesale are: category selection, order quantity, and, above all, cash flow. You don’t need to be an expert on them; but having the basic ideas will help you grow without making those widespread mistakes that could hamper your growth in the first place. This episode is entirely concentrated on those basics.

Know Your Categories

For instance, having the proper knowledge of your product categories will give you the boost to deal with your suppliers or distributors. It will give you the confidence to answer relevant questions. So, knowing something about a specific category could really help making things easier for you when just getting started. Knowing the ins and outs of the categories will give you a much needed edge.

Be Sure Of Your Order Quantities

Determining the right order quantities is another tricky part of the Amazon wholesale deal. People often shy away from considering it as a crucial part of their business strategy. Before placing a bulk order on the basis of a rough estimate, it is always wiser to do some small scale orders which will save you both time and money. Instead of making big orders, you can try out some small purchases to see what works for you the best.

Cash Flow Management

A huge cash flow doesn’t necessarily mean that your business is doing well. There are many hidden costs and risk factors that might cut down your profit. This podcast pays special focus on this segment, while including factors that play a pivotal role, too. Besides ROI, inventory management is something that you can’t overlook. There are some common mistakes that all Amazon wholesalers make. The problem is when you repeat them and fail to learn from them. You may consider a 1-on-1 Video Coaching Call to overcome those obstacles impeding your success as an Amazon wholesaler.

Key Takeaways In The Podcast

Finding categories that may or may not work for you, based on their relevance.
Find the optimum order quantities that will be profitable.
Learn to adjust your order quantities with your investment.
Managing your cash flow the right way to keep your accounts in order.

LINKS:

Coaching Call: https://learn.amazonseller.school/coaching-call

Website: https://www.amazonseller.school/

FIND GOLD PRODUCTS TO SELL: Amazon FBA Wholesale Mine & Refine Method: https://amazonseller.school/38