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

If you are finding analyzing wholesale price lists slow, then I show you the exact process we use to speed this up and how we use software and virtual assistants to bring this to life within our Amazon FBA business


⚡Get the FREE Wholesale Tracking SHEET and Chrome Extension:

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⚡See the USS (Custom SKU creator) in action here: https://fasttrackfba.com/uss

⚡Get Scan Unlimited here (the Software we use to scan lists) https://fasttrackfba.com/scanunlimited

🧑‍💻 Learn more about our Virtual Assistant Service with our 12-week warranty:  https://fasttrackfba.com/va 



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.