A major part of running an Amazon Arbitrage business is purchasing or sourcing for products that you can sell for profit. This is one of the most tedious tasks a seller must do. With this, a seller must analyse a deal first before purchasing it. This is so you can have a guarantee that the product has been selling well in the past.
However, even before you do just that, you must first verify whether the supplier you will be purchasing from is indeed an authentic and verified supplier. Because of that, within this article we will discuss how you would be able to verify a supplier before sourcing or purchasing anything from them.
1. Check the supplier’s website
You have to be vigilant in checking if the supplier’s URL address shows as either .com, .co.uk, or in some cases the website might be from another EU country. Then, inspect the site itself and go to the About Us section. Check if this section somehow gives you the company’s registration number, their country of origin, year they were established, and even the company’s VAT number. Aside from that, you should also check the website’s Contact Us section. Here you should see the company’s exact registered address, their email address, contact number, a contact us form, or in some cases contact people per department. A pro tip: if you see a registered address within the company’s website, try Googling that address as well to see if it's a real company address.
2. Check for reviews
Apart from directly checking the company’s website, you could also go to Google and then type in the company’s name, followed by the word reviews. If the company has been in the business for quite a number of years, then it’s only logical for them to have reviews.
For now it doesn’t matter whether they have negative reviews. Your goal here is to first establish if the company is a legitimate one. A legitimate company ideally would have mixed reviews. This is since not all their customers will be satisfied with their service. A very good website that hosts product and service reviews is TrustPilot. If you see that the company is registered with TrustPilot, then you can be guaranteed that it’s a legit one. Just a note though, just because the company’s not registered with TrustPilot doesn’t mean that it’s automatically illegitimate. You still have to do your due diligence of researching before establishing its authenticity.
Now that you’ve established the company’s legitimacy, it’s time for you to check and skim through the reviews. Read what their clients or customers have to say about the company and its service. This should be your deciding factor whether you’d want to push through with them or not.
Lastly, you can also compare the particular website you’re looking at, versus a trusted website such as Tesco’s (https://www.tesco.com/). Check how the products are laid out, check how detailed the product descriptions are, etc.
This way, it will be easier for you to decide whether to transact with that specific company or not.
Most of the time, doing your due diligence can save you from committing a costly error. Just like in business. Business is about taking risks to gain something. However, these risks should still be what experts call a calculated risk.
If it involves spending your hard earned funds, then it might really be wise to be sure before you make a transaction with an unknown company.
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