If sellers can know the market demand from the sales end, then suppliers standing at the upstream of the supply chain can more easily know the market trends.
“A duck knows first when the river water warms in spring”, a strong supplier can often grasp the market direction more accurately and quickly cut in from the R&D and production ends. As a seller, you should communicate more with existing suppliers in the process of selecting products to obtain product and market information from the supply chain end.
For sellers, one thing to note is that although you should communicate with suppliers as much as possible to obtain information, it is by no means necessary to accept all the products recommended by suppliers, but to identify and screen and make your own decisions. When a supplier recommends a product, we must search on the Amazon platform as soon as possible, evaluate its sales prospects, profits, whether it is suspected of infringement, etc. based on the search results, and then include the products that have been proven feasible by the market into the selection pool.
In addition, in order to obtain information about good products from suppliers more efficiently, when communicating with suppliers on a daily basis, you should ask more questions such as “What is your best-selling product at the moment?” and “What are the top 5 products in terms of sales?”, so as to quickly understand the hot-selling products of suppliers, compare these products with the products you are currently selling, and conduct research and demonstration on the supplier’s hot-selling products on the Amazon platform. If the market proves feasible, include them in your own product selection pool.
Therefore, in a sense, by making good use of information feedback from the supplier side, sellers can also seize the opportunity of the rise of popular products on the platform, which is the important role of the supplier’s new product recommendation method for sellers.