One of the most common questions people ask me is where to find profitable inventory. Personally I have 3 sourcing streams - Online Arbitrage (OA), Wholesale and Private Label (PL). Online arbitrage is low risk but can seem like looking for a needle in a haystack and if you buy clearance or on sale items you can't replenish your inventory and have to start treasure hunting all over again. On the other hand, private label is high risk and requires a lot more capital, research and planning with no guarantee of success.
I was feeling burnt out after 4 months of growing sales from a few hundred to between $6,000-$8,000 through online arbitrage, which is when I decided to look at wholesale sourcing, for products that can be reordered easily over and over again. In about 8 months, I opened over 10 wholesale accounts and products from those wholesale suppliers have tripled my Amazon sales! Wholesale sourcing is also my favorite as it takes the least time and effort to scale once the initial work of finding and opening an account is done. (Fyi, at the moment OA accounts for about 30%, PL 10% and Wholesale a whopping 60% of my sales)
Earlier this week I attended the "live" webinar preview of Proven Wholesale Sourcing and literally felt the excitement welling up within me as I saw the content that is going to be covered. The approach is very much in line with my own to wholesale sourcing and I am looking forward with great anticipation to jump into the "live" sessions which I am sure will sharpen my wholesale sourcing skills. That in turn should help me achieve the goal of doubling my 2015 sales from last year.
If you would like to venture into wholesale sourcing, check this out now, because the first "live" session starts today in a few hours at 7pm EST (8am on Friday for me here in Singapore).
P.S. If you can't make it for the timings of the "live" training sessions, the recordings will be uploaded about 2 days after each session. You also get permanent access to the closed Facebook group with the wholesale trainers.
P.P.S If you aren't ready to pay for the course at the moment, good news for Proven Amazon Course (PAC) members, the recordings will be added to PAC in about 4-6 months but with no access to the Wholesale Facebook group.
P.P.P.S If you are a coaching client of Jim Cockrum Coaching, your coaching fee includes lifetime access to this and all resources/courses produced by My Silent Team/Jim Cockrum and you should have already received the private link from me to join in the "live" sessions.