Welcome to the SupremeCommerce Training blog! Where we discuss in depth about eCommerce, Amazon, dropshipping, digital marketing and investing, this blog is designed to keep you up to date with all things business and wealth.
Many people are switching gears and getting into retail arbitrage and wholesale when selling on Amazon or Shopify. Before getting into either business models, you should get a better understanding of retail arbitrage vs. wholesale.
Before we begin, let's break down what retail arbitrage is. Essentially, you're going to stores normally liquidation stores or even retail stores and going to their clearance section to find items at a lower cost. You purchase those items and send them to Amazon FBA or even sell them from your own home if you have your own Shopify store.
Retail arbitrage is a great business model if you want to go through the route of Amazon FBA. This method works since not many customers have the access or ability to purchase items through liquidation stores. Which works out for the seller since you can mark up the product and make a good profit.
The downside of retail arbitrage is that you would have to continuously go out and shop...
Welcome back to another eCommerce battle. This round is private label vs. wholesale on Amazon. You don't necessarily need to do one over the other, you can actually do both if you want. However, if you want to stick with one then keep on reading to help you make an informed decision on which you'd like to do.
As an FYI, regardless of the private label vs. wholesale on Amazon, you CAN dropship doing either or both.
So what exactly is private label? Private label is using a manufacturer's or third-party sellers generic products but re-marketing under your business/retail name with your packaging and logo. Private label is a super profitable business model when done properly, the unfortunate reality is that for most people, it's costly. How is it costly? Most private label sellers use amazon FBA and buy upfront - and follow YouTube videos where you’re told to spend money on ads for every single product.
Dropshipping is the best way to go when starting an eCommerce business within Amazon and eBay. In this weeks blog, it's the battle between retail vs wholesale dropshipping.
Many eCommerce business owners who dropship do retail dropshipping. The only problem is, many people are doing it and with low profit margins. Retail dropshipping isn't a sustainable way to grow your business longterm, and it's a grey area within Amazon TOS. Certain retailers will send invoices, packaging, and packing slips - which can leave a sour taste in your customers mouth. On top of that, a lot of retailers don't allow resellers.
Best option to dropship is wholesale dropshipping, and a lot more sustainable for longterm growth. Gives you the opportunity to scale your business HUGE. You're in control of your business in terms of warehousing, packing and shipping. Prices from the manufacture doesn't fluctuate as much like retailers do.
With wholesale dropshipping,...