Saturday, October 21st, 2017

My First Sample Product Has Arrived!!

11

My Ship Came In

So as you know I’ve been talking about starting my own physical product import business that involves sourcing products both domestically and abroad and selling those products via my own Amazon product listing.

Well I’m one step closer to getting this business up and off to the races.  Over the past month, I’ve been doing product and competitive research to identify products that are selling well on Amazon (based on their Amazon seller ranking) and at the same don’t have as many competitors.

My criteria for finding a good product centered around the following requirements:

  • Bestseller ranking = 3,000 or below
  • Product can be cheaply acquired overseas or domestically.
  • The product is small enough to ship large quantities economically.
  • The product would have to be something I’d use myself.
  • The product did not have over 3 or 4 direct competitors.

All of this information was acquired via the use of “search” features on the Amazon Marketplace.  Amazon makes it really simple to look up items and compare them.  I also found a cool little tool that allows me to check the competition of a product based on the keywords that someone may be utilizing to search for any particular product.  Check it out here: CLICK HERE.

The goal for last month was to identify 3 possible products that I would consider selling.  Well I’ve found WAY more than 3.  I ended up with over 15 different products.  This is where things got a little hairy for me.  Given that I found so many products, for a good 2 weeks, I was paralyzed trying to analyze what would be the best product to go forward with promoting.  Not a good feeling to be stuck in analysis paralysis.  It finally took me taking a break from everything and coming back to focus on the 1 product I felt would be a good starting point.

** One a side note, one thing I learned this past month (April) is that you HAVE to keep your momentum going forward.  If you don’t its so easy to just sit back and not do anything and before you know it, you’ll look up and realize you’ve not accomplished a thing in your business.  End of side note **

So it was time to source my first product (note I’ll reference my product as “product” because I can’t risk someone copying me…but in any case I’ll share as much info as I can).  Although I was apprehensive about this site (given the bad experiences people have had with them before), I found my supplier on Alibaba.com.  Alibaba is a clearing house for manufacturers from around the world who are looking for wholesalers and product vendors to purchase their goods.  You basically can find almost ANYTHING there.

Basically, how you find suppliers is by doing a keyword search for the product you are looking for.  Alibaba will return a listing of suppliers for the product.  What you’ll then need to do is contact each one of those suppliers individually to see if they can source the specific product for you.  Most suppliers will require you to order a minimum order quantity (MOQ) in order to do business with them.  I’ve found, however, that EVERYTHING is NEGOTIABLE.  Especially when you put one supplier against another supplier.  Don’t be afraid to haggle for the best price.

Once I found a supplier for my product, I ordered a sample to be shipped to me.  A couple of things to note when ordering samples.

1.)  Be prepared to pay almost double the price for a single sample.

For example, the product that I’m planning on selling has a bulk order price of $2.70 per order at one supplier and $2.10 per bulk order at another competing supplier.   However, if you would like to just order a single sample, you could end up paying $5.00 for that single sample.

2.)  Be prepared to pay 4 to 5 times your sample cost in shipping charges.

Since I wanted to get the sample to me quickly, I opted to have them ship it via air rather than by cargo ship.  This caused me to have to spend $23.00 for DHL shipping on a $5.00 item.  But in the end I think its well worth it given the fact that you can get an idea of the quality of things before ordering things in bulk.

When I arrived home today, my package was in my doorway.  As I write this blog post, I’ve yet to open my package.  So I won’t be able to tell you the quality of the item till next posting.   Guess it gives you something to look forward to.

My 1st Sample Shipment

My next step, after I’ve judged quality (assuming the quality is good), is to get my product mass produced and shipped directly to Amazon’s fulfillment warehouse.  This process may take a little longer given the fact that the minimum order quantity for this product is 2000 units.

I’ll keep you guys updated on my progress as things progress.

Talk to you soon.

– Ollie James Hales

Comments

11 Responses to “My First Sample Product Has Arrived!!”
  1. Sam says:

    James, this is excited man, anxious to hear how things go!

  2. Edwina says:

    Awesome! I agree 100% with your side note, this is also where I’m struggling.

  3. admin says:

    Yeah Eddy,

    It’s soo easy to get caught up in over analyzing things. Being careful is one thing, but being stuck and NOT DO ANYTHING is something else all together. Just take calculated risks. Only invest what you can afford to lose.

    **by the way I just sent you an email to you directly**

  4. Brian says:

    .yeah I was going to go with a product in china but the numbers weren’t working and there wasis so muchI conflicting info on shippingand process that I figured let everyone figure it out and I need to get caught up, so I just went the supplement route for now so I could get caught up and there are lots of areas outside dieting.. Im still interested in importing though.

    I wasn’t as worried about the competition because of the tools Asm has.

    Ps- not sure I would openly share that data scraper tool because he uses his own amazon api to get the data which they limit and he was just sharing internally since he only developed if for himself

  5. Brian says:

    Ps- when I start doing china/importing ill probably do Aliexpress initially like Michelle does(she was on the coaching call earlier)….

  6. admin says:

    AliExpress is cool, but what I’ve found is their prices (for the products I was looking at) were WAY more expensive as compared to going directly to the manufacturer. But they are still a great resource.

  7. Brian G. says:

    This is like a soap opera. Come on James you have us on the edge of our seats here. Keep it up sir.

  8. admin says:

    I’m glad you like my “Soap Opera”…lol I’ll work on my cinematic presentation and multi-faceted story arcs.

  9. admin says:

    Thanks for the insight. I didnt know! I actually found this tool outside of the ASM forums. So I didn’t realize it was private. I’ll remove my reference to it…

  10. Dan G. says:

    This is very cool. If the numbers work out this could be incredible.

  11. Tim says:

    Nice update James. Your action is encouraging to hear! Looking forward to your updates!

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