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.
Did you know that you can dropship using Facebook Marketplace? Well, as a matter of fact you can. Many eCommerce businesses are expanding onto this platform. US Facebook Marketplace offers shipment and payment through the marketplace, whereas Canada hasn't quite reached to where US is.
Facebook Marketplace started out as using the platform to sell things locally, usually pre-owned items. However, over time FBMP has become another eCommerce platform that sellers can use. It's a similar method that you would use on Amazon.
If you're going to dropship on FBMP, best route to take is wholesale dropshipping, and a lot more sustainable for longterm growth. 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.
You could also do retail arbitrage. It is another great business model if you are willing to package and ship the items from...
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.