High Output Wholesale
From boxes to truckloads, learn how the repeatable profits of wholesale can change your business forever.
Are you sick of running out of inventory? Tired of the rollercoaster of good months and bad months?
I know the feeling.
It’s that feeling that pops up after you find a shelf-full of some item that all sell almost as soon as you get them listed online. The “high” of those sales quickly turns into a desire to do it again – but you already bought them all.
It also pops up in the exact opposite situation. When despite your very best efforts, inventory just doesn’t seem to be coming your way. As you watch your sales for the month slow down, you can’t help but wish you could just click a button and have more inventory in your account.
If you are familiar with the feelings I mentioned above, it’s time to start thinking about wholesale.
Wholesale, in case you aren’t already familiar, is a sourcing strategy where you partner with existing brands and distributors to become an authorized reseller of their products.
In most cases, this gives you access to as much inventory as you can sell as long as you keep your relationship and account in good standing.
In other words, you get to keep selling the product over and over and over again, as long as you decide to do so. If you have a good system in place for managing inventory, your supply should never reach zero.
If this sounds good, let’s talk about what it takes to be successful with wholesale…
Wait - Why would any brand bother with wholesale when they can just send their own products to Amazon’s FBA warehouses?
This train of thought is the number one reason a lot of people decide against trying wholesale. They convince themselves that it’s not worth their time because there can’t be any businesses that still need this service.
But the truth is that while many businesses do sell on online marketplaces directly, many others find it more valuable to partner with other businesses to have this work done for them.
Keep in mind, “wholesale” is the main way products are distributed to brick and mortar stores. The wholesale model is one that the majority of brands are familiar and comfortable with.
And selling online it isn’t as simple as just creating an Amazon listing and using FBA.
When a business decides they want to sell on Amazon, they have to figure out how to do it well, set up training protocols so that they can hire other people to do the work, find and hire those people, and then set up storage and distribution channels.
Or they could work with a wholesaler experienced with Amazon.
You may find it helpful to think of these relationships as a form of outsourcing.
I leverage other people to do all sorts of tasks for my business that I could very easily decide to do on my own. But I hire them because it makes more sense to let someone else with more time or experience do it so that I know it will get done well and on time.
This is the same situation many brands and manufacturers find themselves in.
If you look at the “value prop websites” of the top businesses performing wholesale sourcing for Amazon, you’ll see that they typically focus heavily on how they can help the brand master Amazon and navigate the complicated aspects of selling there.
Don’t worry – if you don’t know what a value prop website is, I will teach you all about them (and how to build one for yourself).
But to get back to the original question – yes, it is very possible to do wholesale these days. The fact that so many people think that it isn’t just makes it that much more lucrative.
Since we started doing wholesale in my business, it has grown to account for about 65% of our sales in any given month – and that amounts to quite a bit of profit.
Here is a screenshot from our main Amazon Sales Dashboard for April 2019:
In that chart, you can see several things. One is that we’re doing very well in terms of overall sales.
The other is that we’re enjoying very strong year to year growth. From April 2018 to April 2019, revenue was up almost exactly 50%.
And we owe a huge part of this growth to the wholesale side of our business.
It has been such a big part of our growth that we’ve been investing as much time and energy into expanding our wholesale sourcing as possible.
We’ve also spent a lot of time refining the strategies we use for finding products and setting up relationships with suppliers, which has allowed us to consistently add new partners to the wholesale side of our business.
Here is a screenshot of the results from a single wholesale account that we just set up in the last few months:
This is the power of wholesale.
Once you do the work to set up an account, the profits keep rolling in month after month after month.
And over time, profits can increase rather dramatically as you add more products from the suppliers you are working with or leverage your existing experience and relationships to set up relationships with other suppliers.
We call this the snowball effect.
So as you can see, businesses do choose to use wholesalers all the time, and it’s something that can be incredibly profitable if you decide to do it.
But does wholesale make sense for you?
Whether or not wholesale makes sense to try as a sourcing method for you depends on what your goals are and how much money you have.
I believe that it makes sense at some point for the majority of people trying to build a retail-based online business, which is why I have featured it so prominently in my Stairway to Seven Figures system.
If you aren’t familiar with that system, it is a roadmap I designed for building a 7+ figure business from scratch based on my own experience doing just that.
While most people will try to sell you on choosing a single strategy for finding products to sell, my experience selling online suggests that your best odds of success is relying on all of them at different times and to different degrees depending on where you are at in your business building journey.
Wholesale will make you more money in less time, but you’re only going to be able to set up relationships with suppliers if you have the money to invest in orders and some experience selling online to pitch to them as a value add.
So if you have very little experience and money, then you may want to go read more about the whole Stairway to Seven Figures system and consider starting with flipping and arbitrage strategies before working your way up to wholesale.
If you’ve already done that or if you have experience and capital from other sources, then whether or not wholesale makes sense for you depends on whether or not you like the sound of easily replenishable inventory and higher profits…
Okay, I think I'm ready. Now what?
At a bare minimum, you need:
- To understand how to pick a good product
- A system for finding, contacting, and closing supplier leads
- A “value prop website”
- A system for maintaining inventory levels such that you don’t have too much or too little at any time
This is why I’ve created a brand new training program called High Output Wholesale.
⚡ HIGH OUTPUT WHOLESALE ⚡
If you want to take advantage of the benefits of wholesale, you will find no better resource to assist you than High Output Wholesale.
My team and I have been refining our wholesale strategies for years, and the strategies taught in High Output Wholesale are the ones that have risen to the top and proved to be worth your while in 2019.
In other words, this course is going to help you avoid all the bad advice out there and focus your energy on the things that will actually help you find products and set up accounts.
Above we talked about the four things you need (at a minimum) to get started. Here’s how High Output Wholesale will help you with those items…
Identifying good products…
It all starts with finding a product that might be worth selling. In the course, my team and I will walk you through the exact strategies that we use to evaluate products – including the tools we use for this process and what we’re looking for to signal that a product has potential.
While finding suppliers can seem like the most overwhelming part of wholesale, you don’t want to overlook the importance of product selection. Having a big inventory of products that don’t sell well would be disastrous. We’ll help you identify “winners” so you can avoid situations like that.
Finding, Contacting, and Closing Supplier Leads…
When it comes to finding, contacting, and closing supplier leads, you’ll once again be learning the exact processes that my team and I use in my business.
These are strategies that are working in 2019 to secure relationships that contribute millions of dollars in revenue to my business.
This includes everything for picking which brands you want to try to contact to actually finding the right person to contact for that brand and their contact information. We also go into detail about trade shows and how we’ve been successfully leveraging them to set up relationships with suppliers.
Building a “Value Prop Website”
The importance of having your own “value prop website” cannot be overstated, especially when you are first starting out.
A website allows you to convey to businesses the value that you can offer (hence “value prop”), while also greatly increasing your credibility. While you may be tempted to skip this until you are more established, your website will be a key component to getting you established in the first place.
This is especially true because it allows you to have your email coming from your business’s domain name rather than a Gmail address.
In the course, we’ll go over exactly what you should include on your website, as well as how you can have one built for cheap or build one yourself for even cheaper. If you go the DIY route, you can have a great website for less than $50 total.
Managing and Maintaining Inventory
While most people are entirely focused on setting up relationships with suppliers, you shouldn’t overlook the difficulty and importance of everything that happens after you set up your account.
There are all sorts of problems that can occur if you don’t manage your inventory well.
You can ruin your relationship with the supplier. You can crush the sales ranks and good search results of the product you’re selling by letting it go out of stock. You can run up extra fees by having too much product in Amazon warehouses at one time.
The list goes on and on, and all of the mistakes you can make are expensive in their own way. High Output Wholesale will help make sure you don’t commit these mistakes.
But this is far from everything you’ll find in the course. On top of everything discussed so far, you’ll also learn…
- What you need to know and do before starting your wholesale business
- Exactly how the Amazon marketplace works in 7+ lessons that will help both new and experienced Amazon sellers
- What tools you should be using to make your work faster and easier
- How to find the contact info of the “right” people at each brand and how to make initial contact
- How to evaluate product lists once you get them from suppliers
- How to place orders with suppliers
- Good pricing strategies
And then on top of all of that, there is an entire module dedicated to scaling your wholesale business once you get it off the ground.
Again, this course contains what my team and I have found that actually works in 2019 based on our experience running and growing a 7-figure wholesale operation.
If you are looking for a no-nonsense course that teaches you everything you need to know to successfully get started with wholesale, this is it.
Start today - 100% RISK FREE!
Getting started with wholesale was one of the best things I ever did for my business.
But I also appreciate how difficult and overwhelming it can be.
If you are serious about building a successful business, I don’t want there to be anything standing between you and your goals.
That’s why I’m taking all the risk out of enrolling.
You can get full access to the course on a 3-month payment plan with your first payment of $369.
Once you make your first payment, you’ll have full access to the course. If you decide it isn’t right for you, you can request a refund before the second payment is collected and get all the money you spent back.
In other words, there is literally NO RISK to getting started today.
You have nothing to lose, and the upside is you could permanently change your business for the better and make a lot more money in the process.