My Amazon Guy

Sourcing with Nils Oldörp Living in China #99

October 21, 2020 Nils Oldörp Season 1 Episode 99
My Amazon Guy
Sourcing with Nils Oldörp Living in China #99
Chapters
My Amazon Guy
Sourcing with Nils Oldörp Living in China #99
Oct 21, 2020 Season 1 Episode 99
Nils Oldörp

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. 
  • 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:

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.

Support the show (https://www.paypal.com/paypalme/myamazonguy)

Show Notes

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. 
  • 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:

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.

Support the show (https://www.paypal.com/paypalme/myamazonguy)