Oct 21 2020 55 mins 3
Nils Oldörp lives in China and has become an expert in sourcing. But he got off to a rocky start and shares his story with My Amazon Guy. How was your experience sourcing in China when you started? Cultural issues China understands tough competition Learning tax Have sourced 1000 items in past year Only 10% of sellers do the 2nd order (reorder) Chinese going direct to consumer, from manufacturer straight to buyer. Jungle Scout advertising in China. How do you find new items? Who cares about the reviews Pick based on Demand Product size Can we control supply Profit margins Lead times Chinese focus on "me too" products. Still focus on give away products, rebates How did you figure out how to solve your issues? Canton Fair still driving market. What does it take to source products for you now? Changing landscape? Huge domestic market in China Copyright isn't a thing. Others jump on it fast. China has changed a lot - skyscrapers brand new in past 5 years. People mentality has changed a lot. Haven't touched cash in 2 years. QR code hanging around neck. Who do I want to serve vs how can I make a profit? Brand build Get a mentor Takes a decade out of the journey Same criteria can be used in the Jungle Scout and Helium 10 tools. Check out Nils at: https://www.easypeasycall.com/pls https://www.easypeasysourcing.com/ Youtube https://www.youtube.com/channel/UCK8VkTw3mfZX2z5-NvZMamA About Nils Oldoerp: "I am born in German and moved to China in 2013 as an intern. What started as an internship became a great job living in China and Vietnam for about 2 years before the corporate reality hit and I wanted to start my own business. I quit and tried selling my own products on Amazon. After losing all my saving and gaining a ton of experience I started a small sourcing company, helping fellow sellers source products in China. Sourcing was the one thing I struggled with the most so I wanted to improve it. I got frustrated with suppliers not responding, getting ripped off and samples looking nothing like the pictures. The next 5 years I spend expanding and growing my business and my team. I found multiple brands that sell 7 figures on and off amazon. This recent prime day we sold 4,300 units in 24hours on Amazon.com alone - more than my first 2 years combined. At the same time we created a sourcing business that helps export 1,000+ units a year, located in Shenzhen, China.
