In this video, we have a very interesting talk with Meghla Bhardwaj about sourcing products from India and India Sourcing Trip – a sourcing, learning, and cultural tour to the Indian Handicrafts & Gifts Fair in October 2019.
Meghla herself has been working in the Asia sourcing industry for close to 19 years. She has visited hundreds of factories in India and China and has a deep understanding of manufacturing and sourcing processes.
Since April 2016, she has been organizing Global Sources Summit, a 3-day conference for online sellers twice a year every April and October. She also hosts meetups for online sellers in Hong Kong and Singapore. She was based in China for almost 10 years before moving to Singapore 4 years ago.
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Recently she has started her own venture – organizing the India Sourcing Trip. Lots of people have been sourcing from China for a long time, but since it increased in tariffs, more seller started exploring other market alternatives, including India. This is when people started reaching out for Meghla’s advice on how to start sourcing from this market and this is how the idea was of India Sourcing Trip was born.
She started contacting other Amazon sellers who have already been sourcing from India just to find out what challenges they face and visited India for a trade show to get the picture of what was going on. Being there, she realized that there are a lot of private label opportunities, but only a few Amazon sellers were taking it.
Even though there are just a few success stories, Meghla shares one of them where a seller from Australia switched from sourcing from China to India and it has lead to a successful business with high profitability, around $100k/year.
There are some differences between sourcing from India and China:
However, sourcing from India can be super beneficial for those sellers, who are willing to go the extra mile to figure this process out.
And this is exactly why India Sourcing Trip is worth considering. The purpose of the trip is to provide attendees with the knowledge, information, the tools and connections that they are going to need.
Here are some details about the trip:
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Augustas Kligys is the host and creator of several popular virtual and in-person summits for Amazon sellers. The first one is European Private Label Summit, which covers a lot of important topics for those willing to grow their Amazon FBA business in European Marketplaces. The second - AMZ Seller Summit - an event, where experts shared their Amazon business optimization secrets and mindset, which helps to elevate your business to the next level. Augustas also hosts weekly DEMO MONDAYS video series, where Amazon seller tools are demoing their products. If you want to meet Augustas in-person, visit one of his live events for Amazon business owners: European Seller Conference, PPC Congress, and Seller Fest.