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How to Find Good Wholesale Suppliers & Get Approved

Published on: December 1 2022 by Bryan Guerra

How to Find Good Wholesale Suppliers & Get Approved

The above is a brief introduction to How to Find Good Wholesale Suppliers & Get Approved.

Let's move on to the first section of How to Find Good Wholesale Suppliers & Get Approved!

How to Find Good Wholesale Suppliers & Get Approved

startTime durationTime text
00:00:00 00:00:03 all right this this lecture was actually
00:00:01 00:00:04 requested by a few students so i figured
00:00:03 00:00:06 i would make it okay now i want to cover
00:00:04 00:00:07 a bunch of different topics here but
00:00:06 00:00:09 mainly we're going to cover
00:00:07 00:00:10 tips on finding suppliers tips on
00:00:09 00:00:12 getting approved
00:00:10 00:00:13 you know and vetting new wholesale
00:00:12 00:00:14 suppliers and then a little bit of
00:00:13 00:00:15 background
00:00:14 00:00:17 on the things that are offered in this
00:00:15 00:00:18 module specifically that are going to
00:00:17 00:00:19 benefit you okay
00:00:18 00:00:22 so i want to start this by touching on
00:00:19 00:00:24 the fact that nobody okay
00:00:22 00:00:25 nobody is going to give you their
00:00:24 00:00:27 suppliers okay
00:00:25 00:00:29 to actually get a supplier you're going
00:00:27 00:00:30 to have to go out do the work yourself
00:00:29 00:00:32 and actually put in the time to find a
00:00:30 00:00:33 good supplier
00:00:32 00:00:35 and vet them okay i don't care if you
00:00:33 00:00:37 join the forums if you look on the
00:00:35 00:00:37 amazon forums if you join a facebook
00:00:37 00:00:39 group
00:00:37 00:00:40 nobody is going to simply give you up
00:00:39 00:00:42 their supplier okay
00:00:40 00:00:44 and that's because it creates
00:00:42 00:00:45 competition it also creates competitors
00:00:44 00:00:46 getting the same products at the same
00:00:45 00:00:48 price
00:00:46 00:00:49 if not lower and no so wholesale seller
00:00:48 00:00:51 is going to give you
00:00:49 00:00:53 uh their supplier specifically or
00:00:51 00:00:54 literally anybody will okay now you
00:00:53 00:00:55 might have a friend that maybe gives you
00:00:54 00:00:57 one or two here
00:00:55 00:00:59 but it's very very rare okay it's a very
00:00:57 00:01:01 kind of hold your your um
00:00:59 00:01:02 you know whole things close to the vest
00:01:01 00:01:04 type of business and that's why
00:01:02 00:01:06 the majority of wholesale courses and
00:01:04 00:01:07 wholesale people that you'll know and
00:01:06 00:01:09 you can you go through right
00:01:07 00:01:11 they all teach the overall strategy
00:01:09 00:01:12 which don't get me wrong that's valuable
00:01:11 00:01:14 understanding the strategy
00:01:12 00:01:15 behind how to source for wholesale but
00:01:14 00:01:18 it's nothing
00:01:15 00:01:18 without a good supplier okay so luckily
00:01:18 00:01:20 for you
00:01:18 00:01:22 and this course has value in it i've
00:01:20 00:01:23 gone through countless countless hours
00:01:22 00:01:24 myself
00:01:23 00:01:26 as long as networked with a lot of other
00:01:24 00:01:27 people and gone through and compiled a
00:01:26 00:01:31 list
00:01:27 00:01:33 okay a list of 70 plus and growing
00:01:31 00:01:34 vetted okay vetted wholesale suppliers
00:01:33 00:01:37 that you
00:01:34 00:01:38 can use to find profitable products okay
00:01:37 00:01:40 like i said before
00:01:38 00:01:42 nobody's gonna give you at least one
00:01:40 00:01:45 supplier usually
00:01:42 00:01:45 let alone 70 okay so i've taken the time
00:01:45 00:01:48 to compile this
00:01:45 00:01:49 do not sleep on this list you can find
00:01:48 00:01:52 it at the beginning of this module
00:01:49 00:01:54 there's loads of value not even just in
00:01:52 00:01:57 one supplier or two suppliers or 10
00:01:54 00:01:59 but 70 plus okay so that's constantly
00:01:57 00:01:59 growing i also might remove one if i
00:01:59 00:02:01 find one
00:01:59 00:02:03 that's you know no longer profitable or
00:02:01 00:02:04 no longer offers good things or here and
00:02:03 00:02:05 there or you know maybe somebody has an
00:02:04 00:02:07 issue with it
00:02:05 00:02:09 so i'm constantly upgrading that but do
00:02:07 00:02:13 not sleep on that list okay
00:02:09 00:02:14 so most suppliers of the of in the 70
00:02:13 00:02:16 plus list and most suppliers that you're
00:02:14 00:02:18 going to tok to in the future are going
00:02:16 00:02:19 to give you a product catalog list
00:02:18 00:02:21 of everything that they offer and
00:02:19 00:02:22 everything that you can then throw in
00:02:21 00:02:24 the scan unlimited
00:02:22 00:02:25 or whatever wholesale sourcing software
00:02:24 00:02:27 or scanning software excuse me
00:02:25 00:02:28 uh that you use to see if there's any
00:02:27 00:02:30 good products right some of them you
00:02:28 00:02:33 will have to scan manually uh
00:02:30 00:02:34 perfect example that might be like bbcw
00:02:33 00:02:36 but most of them will have product
00:02:34 00:02:37 catalogs and then you'll be able to use
00:02:36 00:02:38 that product catalog
00:02:37 00:02:41 into a scanning software to compare
00:02:38 00:02:43 automatikally and very very quickly okay
00:02:41 00:02:45 now also keep in mind that wholesale is
00:02:43 00:02:46 constantly it's a constantly changing
00:02:45 00:02:47 business model okay
00:02:46 00:02:49 that means that you can you know
00:02:47 00:02:50 potentially scan a list one day and find
00:02:49 00:02:53 nothing profitable
00:02:50 00:02:54 no goodbyes but then very very well scan
00:02:53 00:02:57 that same exact list
00:02:54 00:02:58 a day later or maybe a week later and
00:02:57 00:03:01 there might be a bunch of good products
00:02:58 00:03:02 you know to buy and ship it to amazon
00:03:01 00:03:03 simply because a lot has changed okay so
00:03:02 00:03:05 often
00:03:03 00:03:06 and this is exactly another reason why i
00:03:05 00:03:09 recommend scan unlimited here
00:03:06 00:03:10 i'll hit the refresh button on us on the
00:03:09 00:03:12 scan unlimited software
00:03:10 00:03:14 with an old product catalog list after
00:03:12 00:03:15 maybe a few weeks or a month has gone by
00:03:14 00:03:17 okay
00:03:15 00:03:19 i'll hit the refresh button so basically
00:03:17 00:03:20 it goes back into the software rescans
00:03:19 00:03:22 all those different acins basically on
00:03:20 00:03:23 amazon and compares them with the prices
00:03:22 00:03:25 that are in the sheet okay
00:03:23 00:03:27 so it's really going to spit you out new
00:03:25 00:03:28 data with the same old list when you hit
00:03:27 00:03:30 refresh okay
00:03:28 00:03:32 and by refiltering them through often
00:03:30 00:03:33 i'll see if anything's changed and maybe
00:03:32 00:03:35 a price has dropped
00:03:33 00:03:37 maybe a sales rank has skyrocketed and
00:03:35 00:03:38 now that products in demand okay
00:03:37 00:03:40 there's a bunch of different things that
00:03:38 00:03:41 can change so make sure that you don't
00:03:40 00:03:43 just get one or two lists here and there
00:03:41 00:03:45 that you're utilizing all the different
00:03:43 00:03:47 suppliers accumulating as many lists as
00:03:45 00:03:48 possible and then refreshing your old
00:03:47 00:03:50 lists from time to time
00:03:48 00:03:52 to see if anything you know any new
00:03:50 00:03:54 product opportunities have come up okay
00:03:52 00:03:55 now here's some tips for the people that
00:03:54 00:03:58 are stuck on you know
00:03:55 00:04:00 not just using that 70 that list of 70
00:03:58 00:04:01 which is invaluable
00:04:00 00:04:03 okay i don't know anybody else that
00:04:01 00:04:05 gives away 70
00:04:03 00:04:07 suppliers that are vetted right let
00:04:05 00:04:09 alone even like one or two okay
00:04:07 00:04:10 so tips on finding suppliers if you do
00:04:09 00:04:12 want to branch out you do want to find
00:04:10 00:04:13 some other people you can go to trade
00:04:12 00:04:15 shows you can also and going to like
00:04:13 00:04:17 meet suppliers there and networking
00:04:15 00:04:18 with them there and getting their card
00:04:17 00:04:19 or you can simply search through
00:04:18 00:04:21 supplier directories which is probably
00:04:19 00:04:22 the easiest way to do it from your
00:04:21 00:04:23 laptop now
00:04:22 00:04:25 two main examples that you hear a lot
00:04:23 00:04:27 are salehoo
00:04:25 00:04:29 and wholesale central okay so there are
00:04:27 00:04:30 other ones like salehoo that do cost
00:04:29 00:04:31 money which are like annual
00:04:30 00:04:33 subscriptions or monthly subscriptions
00:04:31 00:04:35 but they're relatively cheap overall and
00:04:33 00:04:36 if they can find you and yield you good
00:04:35 00:04:38 suppliers and obviously they're worth it
00:04:36 00:04:40 or you can just stik with the wholesale
00:04:38 00:04:40 or wholesale central and sites like that
00:04:40 00:04:42 that are free
00:04:40 00:04:44 there's a bunch of both free and paid
00:04:42 00:04:46 options here so let me show you exactly
00:04:44 00:04:48 kind of what these look like here
00:04:46 00:04:50 i pulled them up right here for you so
00:04:48 00:04:51 this is what salehoo looks like now
00:04:50 00:04:54 you'll notike that sale who actually i
00:04:51 00:04:55 think it's like 48 a month um
00:04:54 00:04:56 okay so you can pay for a lifetime
00:04:55 00:04:57 subscription or maybe they've upped it
00:04:56 00:04:58 to 67.
00:04:57 00:05:00 it's been a while since i've actually
00:04:58 00:05:02 paid for salehoo myself um i use
00:05:00 00:05:03 wholesale central as well as
00:05:02 00:05:05 network with a lot of different people
00:05:03 00:05:06 who kind of share suppliers kind of
00:05:05 00:05:08 under the belt here and there if they're
00:05:06 00:05:10 not using them but really
00:05:08 00:05:11 to get a good supplier that's outside of
00:05:10 00:05:12 this course you're either gonna have to
00:05:11 00:05:14 do the work yourself
00:05:12 00:05:16 or put a lot of time in building trust
00:05:14 00:05:18 with somebody
00:05:16 00:05:19 and that's very very rare okay so you
00:05:18 00:05:21 can scan these these yourself and kind
00:05:19 00:05:22 of whether you want to pay for sale who
00:05:21 00:05:23 or you want to go a different direction
00:05:22 00:05:25 or you just want to scan through
00:05:23 00:05:26 wholesale central you can kind of see
00:05:25 00:05:27 the niche and then it'll show you
00:05:26 00:05:29 different product
00:05:27 00:05:30 or different suppliers that kind of ship
00:05:29 00:05:31 into those it'll tell you the websites
00:05:30 00:05:33 and then you can go there
00:05:31 00:05:34 check them out a little bit and apply to
00:05:33 00:05:36 them it's a great place
00:05:34 00:05:38 and a great directory of all different
00:05:36 00:05:39 wholesale suppliers that you can sort
00:05:38 00:05:41 through okay
00:05:39 00:05:43 so once you do find a wholesale supplier
00:05:41 00:05:45 directory here's basically the steps
00:05:43 00:05:47 to actually finding a supplier okay so
00:05:45 00:05:49 we already went through and
00:05:47 00:05:50 examples of trade shows and hold on the
00:05:49 00:05:52 supplier directory okay
00:05:50 00:05:53 once you do find a supplier through
00:05:52 00:05:54 those directories or a trade show you
00:05:53 00:05:56 want to basically
00:05:54 00:05:58 vet that wholesale supplier okay
00:05:56 00:05:59 unfortunately fake suppliers are a very
00:05:58 00:06:01 lucrative business and so you need to
00:05:59 00:06:02 make sure that you're actually vetting
00:06:01 00:06:04 your suppliers
00:06:02 00:06:06 twofold okay first and foremost this is
00:06:04 00:06:08 another reason why that list
00:06:06 00:06:10 of 70 is literally invaluable okay
00:06:08 00:06:11 because there's two basic ways that you
00:06:10 00:06:12 need to vet your suppliers before
00:06:11 00:06:14 actually purchasing
00:06:12 00:06:15 one before and one after okay first and
00:06:14 00:06:16 foremost you need a vet to make sure
00:06:15 00:06:18 that they're actually a legitimate
00:06:16 00:06:20 supplier and not going to scam you
00:06:18 00:06:22 i've heard horror stories of people
00:06:20 00:06:23 dropping like thousands of dollars and
00:06:22 00:06:25 never getting their products through
00:06:23 00:06:27 a fake supplier and unfortunately this
00:06:25 00:06:29 happens quite often to some people
00:06:27 00:06:31 especially new people that branch out
00:06:29 00:06:32 and try to find suppliers on their own
00:06:31 00:06:34 because it is unfortunately a very
00:06:32 00:06:35 lucrative business you can set up a
00:06:34 00:06:37 website act like a supplier
00:06:35 00:06:38 have somebody that finally finds you and
00:06:37 00:06:40 then drops you a few grand
00:06:38 00:06:41 you know and you don't have to do
00:06:40 00:06:42 anything okay so make sure that you're
00:06:41 00:06:44 googling them
00:06:42 00:06:46 you're vetting your supplier okay google
00:06:44 00:06:48 them look into them see if there's any
00:06:46 00:06:49 bad info on them see if they're you know
00:06:48 00:06:51 legitimate company
00:06:49 00:06:53 and look into them very severely that's
00:06:51 00:06:55 the first layer of vetting okay
00:06:53 00:06:56 then obviously after you purchase if you
00:06:55 00:06:57 don't know somebody that's already
00:06:56 00:06:58 purchased with them
00:06:57 00:07:01 you need to make sure that they're
00:06:58 00:07:02 actually a supplier that amazon approves
00:07:01 00:07:04 and get and
00:07:02 00:07:05 ungates you for right because let's say
00:07:04 00:07:06 they're a legitimate supplier but the
00:07:05 00:07:08 whole reason that you're sourcing from
00:07:06 00:07:10 them is to sell on amazon profitably
00:07:08 00:07:12 but yet then when you buy from them
00:07:10 00:07:13 amazon doesn't actually authorize their
00:07:12 00:07:15 their invoices
00:07:13 00:07:17 as a legitimate supplier and doesn't
00:07:15 00:07:18 recognize them as such
00:07:17 00:07:20 well then it's off or not right you
00:07:18 00:07:21 wasted your money just the same because
00:07:20 00:07:23 you can't sell those items
00:07:21 00:07:24 back on amazon okay so a make sure that
00:07:23 00:07:26 you're vetting the supplier by googling
00:07:24 00:07:27 them to see that they're not fake and
00:07:26 00:07:29 they're actually a reputable company and
00:07:27 00:07:32 they've never scammed anyone before
00:07:29 00:07:33 and b you need to also either make sure
00:07:32 00:07:35 that somebody else has bought and used
00:07:33 00:07:36 their invoice on amazon to get ungated
00:07:35 00:07:37 in the past
00:07:36 00:07:39 or you need to actually go through and
00:07:37 00:07:42 do that yourself and test buy something
00:07:39 00:07:43 with at least 10 units okay so that's
00:07:42 00:07:45 why the list
00:07:43 00:07:46 is invaluable because all those are
00:07:45 00:07:47 already vetted suppliers that you can
00:07:46 00:07:50 utilize
00:07:47 00:07:51 and i've given them all to you okay i do
00:07:50 00:07:53 not know sorry to hit this home but like
00:07:51 00:07:54 i literally don't know anybody else that
00:07:53 00:07:56 does that it's
00:07:54 00:07:58 literally invaluable okay so to recap
00:07:56 00:07:59 you find a supplier through the
00:07:58 00:08:01 wholesale directory or a trade show
00:07:59 00:08:03 you vet that supplier to make sure that
00:08:01 00:08:04 a they're a legitimate supplier and
00:08:03 00:08:05 they're actually not going to scam you
00:08:04 00:08:07 and b
00:08:05 00:08:08 that their invoices are accepted by
00:08:07 00:08:10 amazon to get you ungated
00:08:08 00:08:12 then you want to apply to that wholesale
00:08:10 00:08:13 supplier with your resellers permit
00:08:12 00:08:15 then simply get the product catalog from
00:08:13 00:08:17 that supplier with all their current
00:08:15 00:08:18 product offerings and prices
00:08:17 00:08:20 then put that catalog through the
00:08:18 00:08:22 wholesale scanning software and purchase
00:08:20 00:08:24 those profitable products okay
00:08:22 00:08:26 then it's simply rinse and repeat and
00:08:24 00:08:27 that's basically how you find suppliers
00:08:26 00:08:29 and buy from them
00:08:27 00:08:30 if you're you want to kind of branch out
00:08:29 00:08:32 away from that 70 plus
00:08:30 00:08:34 list okay currently there's only a few
00:08:32 00:08:36 hundred sellers in the actual
00:08:34 00:08:37 online arbitrage pro course right and
00:08:36 00:08:38 all of them are not selling wholesale so
00:08:37 00:08:41 you're not competing
00:08:38 00:08:42 even with 70 70 wholesale suppliers and
00:08:41 00:08:44 you know
00:08:42 00:08:45 thousands and thousands and tens of
00:08:44 00:08:47 thousands of products across all of them
00:08:45 00:08:48 if not you know hundreds of thousands
00:08:47 00:08:50 you're not even competing with a couple
00:08:48 00:08:50 hundred people because there might only
00:08:50 00:08:52 be like 10
00:08:50 00:08:54 or maybe like 50 people that are
00:08:52 00:08:55 actually selling wholesale in the course
00:08:54 00:08:56 currently right so you're not competing
00:08:55 00:08:57 with a lot of different people on these
00:08:56 00:08:59 wholesale lists
00:08:57 00:09:01 so you really don't have to worry about
00:08:59 00:09:02 it constantly use them i'm telling you
00:09:01 00:09:04 they're invaluable okay
00:09:02 00:09:06 now tips on getting approved once you
00:09:04 00:09:07 actually do you know
00:09:06 00:09:09 reach out to a supplier or you do find
00:09:07 00:09:10 somebody how you how you're going to go
00:09:09 00:09:11 about getting approved if they actually
00:09:10 00:09:12 want to tok to you okay
00:09:11 00:09:13 whether you pick up the phone and
00:09:12 00:09:14 actually tok to them or you tok
00:09:13 00:09:16 through them through email
00:09:14 00:09:17 when you communicate with them and
00:09:16 00:09:19 potential suppliers
00:09:17 00:09:21 you want to be professional and you want
00:09:19 00:09:22 to let them know mainly what the most
00:09:21 00:09:24 important thing to them is
00:09:22 00:09:26 that you can actually sell their items
00:09:24 00:09:27 quickly okay because they're not looking
00:09:26 00:09:29 for another you know
00:09:27 00:09:31 small business or a small uh amazon
00:09:29 00:09:33 seller or a small ecommerce seller to
00:09:31 00:09:34 sell a couple products here and there
00:09:33 00:09:35 and you don't necessarily have to tell
00:09:34 00:09:37 them that that might be all that you can
00:09:35 00:09:39 sell initially
00:09:37 00:09:41 but they are specifically looking for
00:09:39 00:09:42 another high quality distribution chain
00:09:41 00:09:43 that's going to sell their items quickly
00:09:42 00:09:44 okay
00:09:43 00:09:45 so that's kind of how you want to
00:09:44 00:09:46 position yourself whether you're toking
00:09:45 00:09:48 to them on their phone
00:09:46 00:09:49 or you're emailing them you want to come
00:09:48 00:09:51 off professional and you want to let
00:09:49 00:09:53 them know that you can flip their items
00:09:51 00:09:55 quickly on amazon and sell them fast
00:09:53 00:09:57 so that both of you can profit benefits
00:09:55 00:09:58 both of you and also give them another
00:09:57 00:10:00 opportunity
00:09:58 00:10:02 as a high quality distribution chain for
00:10:00 00:10:03 their business okay you also want the
00:10:02 00:10:05 want them to see you as like a strong
00:10:03 00:10:06 potential partner right so you don't
00:10:05 00:10:07 want to come off as somebody that's like
00:10:06 00:10:08 just selling out of their parents
00:10:07 00:10:10 basement
00:10:08 00:10:11 or just selling out of their garage
00:10:10 00:10:13 right just like a part-time seller
00:10:11 00:10:14 you do not want to come off that way to
00:10:13 00:10:16 a high and reputable company
00:10:14 00:10:18 because top brands and top suppliers
00:10:16 00:10:19 want to form partnerships
00:10:18 00:10:21 with reputable companies and reputable
00:10:19 00:10:22 sellers that can move their products
00:10:21 00:10:23 quickly okay
00:10:22 00:10:25 so those are some tips on getting
00:10:23 00:10:27 approved if you need them remember
00:10:25 00:10:28 this is basically the formula for
00:10:27 00:10:29 finding suppliers right here it's the
00:10:28 00:10:31 six step formula
00:10:29 00:10:32 then literally just rinse and repeat
00:10:31 00:10:34 it's really that simple
00:10:32 00:10:36 and remember nobody is going to give you
00:10:34 00:10:36 their suppliers it's hard to find even
00:10:36 00:10:38 one
00:10:36 00:10:40 recommendation for somebody that's
00:10:38 00:10:42 reputable let alone the 70 so do not
00:10:40 00:10:44 sleep on that list it is
00:10:42 00:10:44 invaluable

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