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Built by Business: Amazon FBA, E-Commerce, Brand Building

#59 - How Much Inventory Should I Order For My First Product Launch?

Built by Business: Amazon FBA, E-Commerce, Brand Building

Andy Isom | Amazon FBA Seller & Agency Founder

Business, Entrepreneurship, Marketing

4.9816 Ratings

🗓️ 14 June 2021

⏱️ 18 minutes

🧾️ Download transcript

Summary

When you place your initial order for your product launch you'll have to work with the MOQ given by your supplier. If you have a larger startup budget you may consider ordering a larger quantity than the minimum for your first order. Based on what we're seeing from our own experience and from our students we encourage you to consider ordering the qualities discussed in this episode.

 

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Transcript

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0:00.0

I would stick with the lowest minimum order quantity that you can get from your supplier.

0:07.2

Ordering the lowest quantity that you can is going to minimize risk.

0:10.2

When you're launching a brand new business, you have to be able to manage your capital.

0:14.4

So manage your money.

0:15.9

And you have to be able to manage your risk.

0:17.7

Those are the two main elements of your business getting started.

0:21.8

Where are you spending your money to get it off the ground before you ever have a single customer?

0:32.9

Welcome back to Selling on Amazon with Andy Isam. In this episode, I'm going to answer a question

0:38.9

that I get quite frequently,

0:41.0

how much inventory should I order

0:43.3

for my first product launch?

0:46.1

We're gonna go over my philosophy on order quantities,

0:49.9

why I think that way or why I think my strategy

0:53.5

or this strategy is a good way to minimize risk.

0:56.7

And we'll talk about kind of a little bit how to manage those inventory orders moving forward.

1:00.8

But most specifically, how much inventory should you order for your very first product launch?

1:07.2

Now, I understand that this episode is going to be more for those who are getting closer to selling.

1:13.1

So you probably already have a product idea.

1:16.0

You've probably already working with samples, different suppliers potentially, and you're

1:20.1

getting ready.

1:20.9

Maybe you're happy with what you're getting with your samples and you're ready to place

1:23.8

your first order.

...

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