Welcome To Episode #44 of the Amazon FBA Private Label Show Podcast!
In this episode, I walk you through the best and main ways to pay your supplier for samples and of course your actual orders.
How To Pay Your Suppliers - Amazon FBA For Beginners
Ordering samples and placing your first order can be an exciting time for sure.
No doubt you have a lot going on in your head as far as what move to make next and how to do it.
Now it's time to send money overseas to someone you don't really know.
It can make you nervous.
How do you actually pay your supplier? Is it safe to send the money?
In this podcast I dial it back a bit and discuss the best and most common ways to pay your suppliers.
Amazon FBA For BeginnersPaying For Samples
Paypal - Most popular method. Safe and easy. Western Union - Use if your supplier doesn't accept PaypalPaying For Your Actual Order
Wire Transfer (T/T) - Most common way to pay for your order. Shop banks for the lowest fees. Credit Card - 2.8% fee which can be costly on larger orders. E-Checking - $15 fee. My preferred method of payment now. Paypal - Another option to pay. Ensure you know the fees and Paypal rules.General Tips
Always ensure you get an inspection before you pay for your order Negotiate your payment terms. 30/70 is most common. Always opt for Trade Assurance in Aliababa if you can Always trust your gut. If something seems off then don't send money.Not a member of the Facebook Mastermind group yet?
If you haven't yet listened to Episode 3 where I talk about "How To Find A Winning Private Label Product" then please do that as well.
Check Out Episode 3 of The Private Label Podcast
Check out my Quick Start Guide To Finding A Winning Private Label Product <===Click Here
SUBJECT TIMES ON PODCAST:[X] I-TUNES REVIEW - TO LEAVE A REVIEW CLICK HERE
[5:00] Start Of Main Content
[6:30] Paying For Samples
[9:00] 4 Main Ways To Pay
[10:10] Negotiate Terms
[12:10 Wire Transfer
[16:55] Credit Card
[18:26] E-Checking
[19:20] Paypal
[21:26] No Trade Assurance ?
[24:00] Tips
RESOURCES MENTIONED IN THIS EPISODE:Alibaba – This is one of the main sites I use for sourcing products to sell on Amazon. It’s a portal to get connected with suppliers and the site is improving all the time.
Global Sources – Similar to Alibaba this portal is a very high quality site to find products to source. It isn’t as well know as Alibaba but certainly should be part of your tool belt when looking for new products.
For all other resources and tools that I use in my Amazon business please see the resources link.
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How To Pay Your Suppliers - Amazon FBA For Beginners - PLS [EP44]
