Partnering with high-end suppliers is the main reason I've been able to go from $0 to over $4,800,000 in just over a year
I've done over $100,000 in sales with over TWELVE different suppliers.
Here is the EXACT strategy I use to find high-end suppliers π
// THREAD // π§΅
I've done over $100,000 in sales with over TWELVE different suppliers.
Here is the EXACT strategy I use to find high-end suppliers π
// THREAD // π§΅
Your store canβt be successful without the support of high-quality suppliers.
This is why itβs essential to follow what I tell you, to ensure you only work with the top suppliers in your niche that will be the backbone of your store.
This is why itβs essential to follow what I tell you, to ensure you only work with the top suppliers in your niche that will be the backbone of your store.
Where to Find Suppliers π¦
If you're out of the US, you need to start by getting a VPN that will put you in the US for this step to work properly.
ExpressVPN is a good option, though I'm sure there are other options out there.
If you're out of the US, you need to start by getting a VPN that will put you in the US for this step to work properly.
ExpressVPN is a good option, though I'm sure there are other options out there.
You can find suppliers through the following ways:
π Competitor Sites under "Our Brands"
π Google Shopping (Most Important)
π Home Depot
π Wayfair
An easy way to find a ton of suppliers in your niche is through your competitor's sites.
π Competitor Sites under "Our Brands"
π Google Shopping (Most Important)
π Home Depot
π Wayfair
An easy way to find a ton of suppliers in your niche is through your competitor's sites.
I'd recommend searching your product type under Google Shopping.
For example "Saunas" and looking for sites that look like dropshipping sites.
"Directsaunasonline" is a good example.
Then navigate to an "our brands or "brands" section, depending on wherever that is on the site
For example "Saunas" and looking for sites that look like dropshipping sites.
"Directsaunasonline" is a good example.
Then navigate to an "our brands or "brands" section, depending on wherever that is on the site
This should get you a good chunk of suppliers to go through and decide which ones are actually worth working with in the first place.
Now once you have plugged your list of suppliers in a google sheet or whatever you prefer to track them with, let's actually vet your suppliers.
Now once you have plugged your list of suppliers in a google sheet or whatever you prefer to track them with, let's actually vet your suppliers.
Minimum Advertised Price π°
A deal breaker when it comes to what suppliers you want to work with.
If suppliers do not enforce MAP, do not waste your time with them.
MAP preserves your margins, whatever the supplier's MAP price is the lowest price anyone can list for.
A deal breaker when it comes to what suppliers you want to work with.
If suppliers do not enforce MAP, do not waste your time with them.
MAP preserves your margins, whatever the supplier's MAP price is the lowest price anyone can list for.
Use Google Shoppings "Compare prices" to check if your supplier enforces MAP.
You're looking for a CLEAR trend of the same prices, usually, 7/10 or 70% is a good metric to follow for exact prices.
You're looking for a CLEAR trend of the same prices, usually, 7/10 or 70% is a good metric to follow for exact prices.
If you can't find MAP then it could be for one of two reasons.
π Google isn't tracking the SKUs. If this is the case then simply Google a specific product from the brand and compare prices in Google Shopping.
π Very few retailers sell this brand's products (very good)
π Google isn't tracking the SKUs. If this is the case then simply Google a specific product from the brand and compare prices in Google Shopping.
π Very few retailers sell this brand's products (very good)
Branded Demand π―
The goal here is to find suppliers with enough demand, that way we can guarantee customers are already searching for that product.
You want to input your brand's name into an SEO research tool such as Ahrefs or Semrush.
The goal here is to find suppliers with enough demand, that way we can guarantee customers are already searching for that product.
You want to input your brand's name into an SEO research tool such as Ahrefs or Semrush.
This isn't the end all be all but follow this:
π 500-5000 = Sweet Spot
π over 5,000 = extremely competitive
π 100-500 = Solid
π Below 100 = Very low (but still add them to your list and close them)
π 500-5000 = Sweet Spot
π over 5,000 = extremely competitive
π 100-500 = Solid
π Below 100 = Very low (but still add them to your list and close them)
How to Check Margins of a Brand π°
You want to go to your competitor's store selling one of your brand's products.
Either call or live chat, asking for a discount of at least 10% or more.
You will not always get a discount even if they have excellent margins.
You want to go to your competitor's store selling one of your brand's products.
Either call or live chat, asking for a discount of at least 10% or more.
You will not always get a discount even if they have excellent margins.
However, if you do secure a discount of let's say 10%, it is a very clear-cut sign that that particular supplier has a margin above 25-30%.
Not necessary but if you wish you can input some of your top supplier's margins in your tracking by doing this.
Not necessary but if you wish you can input some of your top supplier's margins in your tracking by doing this.
Follow this strategy to guarantee the suppliers you work with are of the highest quality and will massively assist in the scaling of your store.
If you learned any amount of information from this thread:
1οΈβ£ - Like and retweet the first tweet
to share this so others can check it out.
2οΈβ£ - Check out my Youtube Channel for exclusive eCommerce content youtube.com
1οΈβ£ - Like and retweet the first tweet
to share this so others can check it out.
2οΈβ£ - Check out my Youtube Channel for exclusive eCommerce content youtube.com
β
Apply for Coaching: calendly.com
π― FREE eCom Course invicta.mykajabi.com
πΉ Youtube Content: youtube.com
π· Business IG: instagram.com
π― FREE eCom Course invicta.mykajabi.com
πΉ Youtube Content: youtube.com
π· Business IG: instagram.com
Loading suggestions...