My Amazon Guy Sourcing with Nils Oldörp Living in China #99
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
- Cultural issues
- 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?utm_source=steven
- 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.