Does the sourcing agent deals in all types of product?

A to Z Formula Podcast

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In today's podcast, we're going to cover one of the most common questions we get in our Amazon Seller Group. The question is "Does the sourcing agent deals in all types of product?".

Episode 29 Highlights:

00:00:08 Sourcing agent

00:00:29 Types of products

00:00:37 MOQ

00:00:40 Sourcing agent

00:01:05 Types of products

Transcription:

So next is from Kate the unstoppable that says,

“Brendan, regarding sourcing agents, is there MOQ or preferred MOQ or minimum spend that you should be looking at when you engage the services of a sourcing agent?

Can I use them for smaller quantities when I just want to test the market or should I find my product myself initially test the market then once I’m done with my testing do I use a sourcing agent for larger quantities?

Does a sourcing agent deal in all types of products or only those that have a higher price per unit?”

Three great questions here.

So the first thing is the MOQ that the sourcing agent will need will the MOQ of the factory. That’s it!

So the sourcing agent will be restricted by what the factory says. So they’re just an agent. It’s as if you have an agent that’s you know buying a house for you. It’s gonna be, you know how much the vendor wants to sell the highest price for.

“Can I use them for smaller quantities when I just want to test the market or should I find my product myself?”

You should use them for whenever you preferred to get an MOQ. That would be the answer to that.

“Does a sourcing agent deal in all types of products or only those that have a higher price per unit?”

They’ll deal with all types of products as long as there is a higher overall price.

Remember, if you are doing a $500 order and let’s say hypothetically agents charging 10%, you ask him to run around for $50. If it’s $10,000 or higher and they are charging 10% then they are doing all this labour for $1000. Now you’re talking!

So I would say that the minimum amount you would ask the sourcing agent really to procure would be $2000. Less than $200, there’s really not much value in that order.

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57 episodes