Private Private label retailers will be able to create better sales opportunities for themselves and other retailers with the continued success of private label brands With the customization of store brand labels, including but not limited to logos and tag lines – can personalize a unique shopping experience that will lead to higher customer Brand loyalty. A good example would be Super value’s Wild harvest Organic food line offers its customers healthy food options at extremely low prices with state of the art packaging design rivaling that of more exclusive national brands.
Keep in mind that all of that new fangled packaging will come right out of your bottom line Plus any materials needed to ship your new product and if your using the Amazon model, you will be asked to ship to at least three different warehouses that Amazon wants you to ship to additionally increasing your shipping costs
But that is not as bad as it seems because rather than having multiple different inventory location spread all over the continental US, you could use the Amazon System and ship your product to Amazon and allow them to pick , pack and ship your purchases to your customers, whether the sale is through Amazon or some other system.
Rather than having multiple different inventory locations and shipping methods for your different online sales sites, store all of your inventory in Amazon’s warehouses and let them pick, pack, ship and handle your items to customers, whether the sale is through Amazon.com or elsewhere.
Of Course there are additional fees associated with the fulfilment process for multi channel orders butt don’t forget you eliminate the headache of storing, packing, and shipping the item and turn that all over to Amazon FBA.
Don’t feel like you need to rush into anything and go for the first supplier you run into. don’t rush! It is crucial that you spend time with different supplier because each supplier will offer you something different and more appealing than the last. Here them all out and get a feeling for what is going on . some might offer you a lower minimum amount for purchase. a better quality of product. You will be surprised at what you will be offered. Take your time and get surprised!. Rushing to purchase is one of the biggest mistakes new private label sellers often make. Slow down and smell the profit
Getting that first sale is not Important, setting yourself up to win is whats important!
Getting that first sale includes listing your products with keyword rich descriptions your customers use. For instance if your selling sneakers for yoga, then be sure and add yogs sneakers to the description you use. You will sell a ton more “Yoga sneakers” than if you are just selling “sneakers”.
Start our right and opt for the” Professional Sellers Account”. You will need it in a month or so. The money you save will be poor compensation for the inconvenience you cause yourself.
Most of the people venturing into private labeling have a tendency to focus on consumer product especially the kitchen Gadget niche and leave the industrial niche completely. One of my companies I focused entirely on industrial tools, selling over $20,000 a month. In this niche the logistics was the headache. Each freight Company has different rules.
You will save time and money selling parts and articles already being used by many companies. You won’t have development costs and the product demand is already there. It is not an exciting niche but often times exciting is not where the profit hound hangs out.
In just a short time Amazon has become a Cutthroat marketplace, not only from other sellers but also from Amazon FBA themselves. If your one of the unlucky ones to get suspended-Pray Hard! If you having trouble with unscrupulous sellers , don’t be afraid to confront them and report them.
Because of this , the Koreans have a saying “ep Jocum” which is roughly translated “Keep you mouth shut”. Not sure I spelled that right either.
In just the past few years, Amazon has become such a cutthroat marketplace that unscrupulous sellers have been purposely trying to sabotage their competitors. As a result, most sellers are hush hush about their products and never talk about their winners in public.
Choosing a niche can depend a lot on how much capital investment you have available, to begin with on your new private label product. For example, if you are looking for a low cost of entry, you are not going to want to attempt private labeling a high-cost item unless there is an opportunity for low minimum ordering or drop shipping options. For any low cost entry to private label Selling go with Drop Shipping