I might be able to help with a couple of aspects to your questions.Thank you!
I think right now I have watched so many videos, and gathered lots of information; though I've learned a lot about private label I am stuck trying to figure out a profitable product and really hesitant to buy yet another service as I recently lost a whole chunk of money (2500) in a guru course that did not deliver value expected. I am still trying to understand how to choose products but have lots of questions, like should I set up a website in advance, should I just place a very small order to begin with, where and how to get traffic, do I really have to spend time learning every aspect (feels like it would take forever), things like adwords, seo, keyword stuff, these are a foreign language to me...and would it be smart to hire someone who is good at these things to help ramp up this part?
My vision is to brand a product and know my market.
I want to source from China, but for some of the organic products I want to find local good quality manufacturers for higher quality and less shipping costs, but not sure where to find them.
So far all i have is a logo and am stuck in product research. I am communicating with suppliers in China to understand what total costs would be, in a way I feel l should just jump in, but worried about my choices since I recently wasted money on that course (developing sales skills course). I like risk taking but don't want to pick the wrong product either. I know I should find a way to get clearer in my head but just feels like chaos and messy at the moment. I already sell used books on Amazon so I understand that side of the platform, but don't find reselling books very scalable and do not make much selling books. So although I'm excited to start PL, am a bit fearful. Is there still a good market on Amazon, or is it saturated?
Any clarity would be greatly appreciated.
First, when you refer to organic products, I hope it does not mean that you are considering importing cosmetics or anything that goes on the skin or is taken internally. If so, don't even consider buying from China.
Recently a number of US pharmaceutical companies had to recall a blood pressure medication that they were having made in China. The problem was that it was contaminated with a carcinogen! There have been too many cases of recalls of China made foods, cosmetics, and pharmaceuticals over the years.
If you are talking to suppliers in China, are they manufacturers or traders? Don't believe anything you read on B2B sites such as Alibaba and others. You can get some help from my AMA:
GOLD! Sharing my lifetime experience in export/import. Product sourcing specialist.
Yes you should start with a small order, and don't be fooled by the widespread myth that you have to buy huge quantities.
Walter
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.