How to increase eBay Amazon sales using MOD

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How to increase eBay Amazon sales using MOD

Transcribe of “How to increase eBay Amazon sales using MOD”

So, in this week’s video, I want to show you a little tip called MOD, which can double, even quadruple your sales on eBay, Amazon and your own website, if you have your own website. This might be a little tip, but it’s extremely powerful. Now, the way this works is, many suppliers have what is called in the industry, an MOQ, which is short for, minimum order quantity. eBay Amazon sales

Minimum order quantity

In other words, most manufacturers and wholesalers have a minimum quantity which you need to order. This MOQ can be 10 pieces of an item, 50, 100 or higher. Now, the idea of course is, true wholesalers and distributors don’t want to sell one item. They’re obviously being, manufacturers and not retailers, they want to sell larger quantities. Now, there’s another term which surprisingly is not used very often at all.

Minimum order dollar

Not that many people know about it and that is called MOD. Which is short for minimum order dollar, or minimum order dollar value. Let me explain. Let’s say for example, a supplier has a minimum order quantity of say, 50 pieces of an item, that costs say $10. That means to buy 50 of these widgets from your supplier, it will cost you $500. Instead of accepting the MOQ of 50 pieces from your supplier, tell them, you’re happy to spend $500 with them, however, instead of buying 50 of these, spending $500, can you instead purchase say 25 of them and also purchase x amount of one, two or three other different products. eBay Amazon sales eBay Amazon sales

Going wide

At the end of the day, your supplier still gets exactly the same amount of money out of you, but, the big difference is, instead of having one product listed on eBay, Amazon and your own website if you have your own website, you can now list two, three, four, five or more different items. In the industry, this is called going wide, as you have a wider variety of items.

bundling where you can bundle one item with another

In the past I’ve talked a lot about bundling where you can bundle one item with another. You can bundle protective cover or a battery, or if you’re selling cameras or lens or whatever, just basically bundling something with an item that you’re already selling. Now, these bundling items are also perfect items to get from your supplier using the MOD strategy. But you can also just get the same item in a different color.

The great advantage of MOD

Now, the great advantage of MOD is for the same outlay, you can carry a much larger variety of inventory. The bottom line is, you can double and quadruple the amount of different products that you sell at any one time which can double and quadruple your sales and profits.

Everything is negotiable

Now, one thing I’ve learnt from importing, dealing with suppliers for over 30 years is, everything is negotiable, everything. Freight, MOQ, MOD, prices, delivery times, colors, deposit, terms, literally everything is negotiable with suppliers. Anyway, that’s all for this week, please scroll down, leave me a comment below. Until next week, list more, sell more. This is Neil Waterhouse. eBay Amazon sales

Please leave me a comment below and let me know what you think.

Check out How to Increase eBay Sales Fast 2020 – Even for Beginners!

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About Neil Waterhouse

Bio: Husband Father Full time online seller since 1998 Author Best Seller “Million Dollar ebay Business From Home” Multi Million Dollar seller Amazon invited guest speaker eBay invited guest speaker Alibaba invited guest speaker 1st eBay multi million dollar seller for Australia Post Eparcel 1st multi million dollar seller for Channel Advisor Australia Founder, speaker 4 largest eBay & Amazon Meetup Groups in Australia with over 6,000 members Creator of DropShip Formula™ Professional eBay Sellers Alliance invited guest speaker Retail Global invited guest speaker Channel 9 Invited Guest Speaker Radio Control jet fanatic!
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