Step-by-Step guide on How to analyze Wholesale supplier lists | Amazon FBA

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How to Analyze Wholesale Supplier Lists

1. Overview:
   • The video provides a step-by-step guide to analyzing wholesale supplier lists.
   • The process involves the use of software tools and virtual assistants to scale an Amazon business.
2. Wholesale Process:
   • There are three parts to the wholesale process:
     1. Opening wholesale suppliers.
     2. Analyzing the wholesale supplier price list.
     3. Dealing with suppliers (negotiating, buying, and reordering).
3. Measuring Success:
   • Focus on the main goal: maximizing profit.
   • Use two sets of measurables (funnels) to monitor and improve profitability. The first funnel tracks weekly gross profit, and the second tracks daily/per supplier metrics, like good deals found.
4. Analyzing Supplier Lists:
   • Before analyzing, ensure the list has the necessary data.
   • Use software to do the analysis, especially when considering extra costs.
   • Understand your supplier metrics, e.g., how many supplier links you need to check to find one good deal.
5. Manual Deal Review:
   • Focus on the realistic long-term price of products and compare them against standards to determine profitability.
6. Tools & Applications:
   • Use specific software tools to track metrics, such as the number of URLs and ASINs checked.
   • Monitor the efficiency of the system and ensure unrelated URLs (e.g., from Facebook) are filtered out.
7. Implementation in Business:
   • Ensure team members understand the process and tools.
   • Set up reporting and continuously refine the measurements to improve the process.