Dan Meadors Selling Wholesale on Amazon
EPISODE OVERVIEW
Kevin Rizer welcomes Dan Meadors to Private Label Podcast. Dan has been a seller on Amazon for many years but has made over $8 million selling wholesale on Amazon!
Getting Started
Bobby started with retail arbitrage in 2011. He went into big box stores, bought low and sold high online. He did really well but the income was a direct result of the time they put in. In 2014 he wanted to transition away from the daily "job" of retail arbitrage and find something that was more of an actual business.
Wholesale
Selling wholesale is to purchase directly from brand owners and sell their products directly on Amazon. In 2013, Dan went from $960,000 in retail arbitrage sales to $3.9 million in 2015 selling 100% wholesale.
Why the need for Wholesale?
The manufacturers realizes they are not a retailer. Wholesalers have the skill set that the manufacturers don't have and do not want to have. Dan has the skills to sell and market effectively to create more opportunities to sell. Brand owners are looking for the best brand exposure they can get.
Product Selection
Just like private label selling, Dan looks at Amazon first. He has a base criteria he looks for. He wants products that move volumes of 99 or more per month.
To hear what Dan says next about selling wholesale, download and listen to Episode 122 Dan Meadors Selling Wholesale on Amazon
If you are short on time, here are the highlights of Episode 122 Dan Meadors Selling Wholesale on Amazon:
Who is Dan Meadors? (4:21 Mark)
What are the wholesale margins? (11:02 Mark)
Repackaging? (26:57 Mark)
Automated communications (36:15 Mark)
Importance of SOP's (38:45 Mark)
Dan's message take away (39:22 Mark)
Important Links from the Episode
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The Goal by Eliyahu M. Goldratt
The Goal is a gripping, fast-paced business novel about overcoming the barriers to making money. You will learn the fundamentals of identifying and solving the problems created by constraints. From the moment you finish the book you will be able to start successfully addressing chronic productivity and quality problems.
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From Good to Great Jim Collins
How can good companies, mediocre companies, even bad companies achieve enduring greatness? Why some companies make the leap...and others don't.
1 Comment
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Hi Kevin,
I recently listened to your podcast with Dan and Eric about selling Wholesale on Amazon. The link to the training is now inactive. Can you give me a link to listen to it or turn me on to their training directly?
Thanks
Mark Harden
505-259-8542