How to Safely Pay Your Suppliers and Protect Yourself for Amazon FBA Private Label

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  • Опубліковано 31 гру 2024

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  • @CrescentKao
    @CrescentKao  3 роки тому

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  • @Prosperity12345
    @Prosperity12345 4 роки тому +1

    This is hands down the best video on this topic that I've seen. Thank you so very much! You got right to the point, you explained this clear that anyone could understand. I just truly enjoyed your video. Thank you again!

    • @CrescentKao
      @CrescentKao  4 роки тому +1

      You're welcome! I'm glad you found it helpful and thanks for your input and feedback, I appreciate it!

  • @ellearvizu295
    @ellearvizu295 6 років тому +3

    Please make more videos on this topic. How to pick a supplier and things in the contracts you need to do or are absolutely necessary. Im trying to learn. Thank you.

    • @CrescentKao
      @CrescentKao  6 років тому +1

      I will add this to my list. Thank you for your suggestion!

    • @rahulkumar13059
      @rahulkumar13059 5 років тому

      what type of supplier do you want i am from India and i will give you the best deal .
      Gmail - rkrahulkmr42@gmail.com

  • @patriciavincent5783
    @patriciavincent5783 3 роки тому +1

    very helpful video ,thank you Crescent Kao

    • @CrescentKao
      @CrescentKao  3 роки тому

      You're welcome! Here's an updated video on this: ua-cam.com/video/SypjuCHesRs/v-deo.html

  • @dkdluxe
    @dkdluxe 4 роки тому +1

    Thank you yet again for a great video. Can you give a few examples of items that wouldn't need to be inspected? Also when paying the balance once manufacturing is complete, is there any proof or do you just take their word for it?

    • @CrescentKao
      @CrescentKao  4 роки тому

      Always get an inspection. If the product is extremely simple and difficult to mess up, then you could have your contact send you some photos or Facetime you so you can inspect them that way. What do you mean by proof? Proof for what? If you get an inspection, the inspection service will provide a detailed report of their findings.

    • @dkdluxe
      @dkdluxe 4 роки тому

      @@CrescentKao Ah- I was referring to when you said inspection isn't always necessary (5:51). In the event you wouldn't have an inspection, I suppose a FaceTime call would suffice. Thanks again Crescent!

  • @marybatterbee3011
    @marybatterbee3011 5 років тому

    Another great video short and easy to understand!

    • @CrescentKao
      @CrescentKao  5 років тому

      Thank you for your feedback and continued support, I appreciate it!

  • @pappel84
    @pappel84 6 років тому

    please make more videos! like how to pick supplier, shipping, samples...

    • @CrescentKao
      @CrescentKao  6 років тому

      Hello Patricio Appel! I have many videos on those topics such as this one: ua-cam.com/video/E27_fsNRZGU/v-deo.html

    • @rahulkumar13059
      @rahulkumar13059 5 років тому

      what type of supplier do you want i am from India and i will give you the best deal .
      Gmail - rkrahulkmr42@gmail.com

  • @np19276
    @np19276 6 років тому +1

    Super helpful video! When you mention the option of paying the remaining supplier balance AFTER items are manufactured and inspected, do you mean that the manufacturer will typically inspect their own items, give me the okay, then I pay the rest? Or do you mean if we were to hire an agent to do a quality inspection, and then I pay the rest? Thanks!

    • @CrescentKao
      @CrescentKao  6 років тому

      Hello Katie S! Some suppliers will offer to inspect the products themselves but I wouldn't trust that option on the first order. I'd hire a 3rd party inspection company and if everything is as agreed, then pay the balance.

    • @urbandiva001
      @urbandiva001 6 років тому

      Hello any recommendations on good inspectors to hire

    • @CrescentKao
      @CrescentKao  6 років тому

      @@urbandiva001 Give www.v-trust.com a shout.

  • @minhajuddin1769
    @minhajuddin1769 6 років тому +1

    I have raised a dispute with a alibaba as the size of the items were different, I have included 5 images as evidence showing the measurement.
    I have heard stories of people not having a good experience with going ahead with a dispute??

    • @CrescentKao
      @CrescentKao  6 років тому

      Trade assurance, like any other option, isn't a guarantee for the buyer. They are a mediator between both parties.

  • @chrissg4026
    @chrissg4026 2 роки тому +1

    Fantastic!!

    • @CrescentKao
      @CrescentKao  2 роки тому

      Glad you found it helpful! Here’s an updated video on this: ua-cam.com/video/SypjuCHesRs/v-deo.html

  • @MrSestra08
    @MrSestra08 6 років тому +5

    Watching this at Whataburger and people are looking at me weird, I guess the words product and paying your suppliers is not understood the same everywhere

    • @CrescentKao
      @CrescentKao  6 років тому

      LOL

    • @albertaguirre7278
      @albertaguirre7278 6 років тому +1

      what area of Texas are you from?

    • @CrescentKao
      @CrescentKao  6 років тому

      Albert Aguirre I’m not from Texas 😂

    • @NissrineA74
      @NissrineA74 6 років тому

      Albert Aguirre he’s from beautiful Canada 🇨🇦

  • @tameraziz2104
    @tameraziz2104 6 років тому +2

    Very Valuable info... Thank you..

    • @CrescentKao
      @CrescentKao  6 років тому +1

      You're welcome Tamer Aziz, I appreciate your continued support!

  • @Pooja-qp1sc
    @Pooja-qp1sc 4 роки тому

    Thank you for ur valuable information..🙏🙏🙏🙏🙏🙏

    • @CrescentKao
      @CrescentKao  4 роки тому

      You're welcome! I'm glad you found it helpful!

  • @davidoliver9618
    @davidoliver9618 4 роки тому +1

    Is that 2.8% added to the total cost of my product & shipping? for example: if my product cost is $226 and shipping is $100, which =$326 the 2.8% is added to that total of $326?

    • @CrescentKao
      @CrescentKao  4 роки тому

      Paypal fees are calculated on the total amount charged on the invoice.

    • @davidoliver9618
      @davidoliver9618 4 роки тому

      @@CrescentKao Ok. Thanks for the reply

    • @CrescentKao
      @CrescentKao  4 роки тому

      @@davidoliver9618 No sweat! Merry Christmas!

    • @davidoliver9618
      @davidoliver9618 4 роки тому

      @@CrescentKao You too. Have a safe New Years

  • @ldane1991
    @ldane1991 4 роки тому

    Alibaba is having issues with processing my payment. My bank says that the transaction isn't even registering on their system. I even tried a different credit card and still doesn't work. I've made other transactions and they went through.
    Can Trade Assurance cover T/T?

    • @CrescentKao
      @CrescentKao  4 роки тому

      Yes, but using TT only gives you one form of protection through Trade Assurance. Using a credit card or Paypal gives you a back up option.

  • @travisbickle106
    @travisbickle106 4 роки тому

    Great content as always!
    Should the PayPal account be a personal or business one? Please do let me know, thank you.

    • @CrescentKao
      @CrescentKao  4 роки тому

      Glad you continue to find value in the content! It doesn't matter but if you have a business, you should be using separate banking accounts.

  • @Ladymultiverse
    @Ladymultiverse 4 роки тому

    Do you negotiate the cost of samples as well? Such as paying 30% now and 70% later? Or just paying full. Just curious especially if its an expensive sample. Thank you

    • @CrescentKao
      @CrescentKao  4 роки тому

      You can. Everything is negotiable. You'll most likely have to have 100% up front for samples though. Samples are only like $50-150: ua-cam.com/video/4AlhsmgAJmE/v-deo.html

  • @DKHuzaria
    @DKHuzaria 6 років тому

    What about a bank transfer? Or is that TT?

    • @CrescentKao
      @CrescentKao  6 років тому

      Yes, TT = Bank wire transfer.

  • @kayleerichards1062
    @kayleerichards1062 4 роки тому

    Is it safe to pay by western union? Suppliers in Pakistan don’t have pay pal or access to use trade assurance.

    • @CrescentKao
      @CrescentKao  4 роки тому

      No. Here's any updated video on this: ua-cam.com/video/HCwQU4XUMag/v-deo.html

    • @msjparker3009
      @msjparker3009 4 роки тому

      Once heard someone say that they are one of the biggest scammers..

  • @mikeprincipi8920
    @mikeprincipi8920 6 років тому +1

    great video as always :)

    • @CrescentKao
      @CrescentKao  6 років тому

      Thank you Michele Principi! I appreciate your feedback!

  • @nzizaprotv7143
    @nzizaprotv7143 5 років тому

    Between a buyer and seller who must pay the money for importation license?because i payed all charges necessary but my supplier tell me to present my importation license to get my goods and so i haven’t he told me to pay 1200$ for it.please help me

    • @CrescentKao
      @CrescentKao  5 років тому

      This video goes over it: ua-cam.com/video/jK0WsjXimK0/v-deo.html

  • @tankersmit
    @tankersmit 5 років тому

    Another great video thank you !!! Tania

    • @CrescentKao
      @CrescentKao  5 років тому

      You're welcome! Glad you found value in it!

  • @HEADBANGRR
    @HEADBANGRR 6 років тому +1

    Cool thanks for the upload

  • @ryaaan0751
    @ryaaan0751 4 роки тому

    Thank you!!

  • @nkwhph
    @nkwhph 4 роки тому

    what if your supplier is not from Alibaba? what escrow method can you use?

    • @CrescentKao
      @CrescentKao  4 роки тому

      You can use escrow, a credit card and/or Paypal to protect yourself.

    • @nkwhph
      @nkwhph 4 роки тому

      @@CrescentKao thanks but for chinese suppliers rarely use escrow /paypal. ?

    • @CrescentKao
      @CrescentKao  4 роки тому

      Most do. If they don’t then negotiate, use a credit card or find a different supplier that does.

  • @CanadaToronto_
    @CanadaToronto_ 4 роки тому

    Hi there, My supplier is asking me to pay them on pay pal. when I asked her on chat, I prefer to make my payment through Ali baba she told me that the company Alibaba page is not working for some reason, even though, I could able to chat with her on Alibaba. I thought the reason for asking me to pay through pay pal could be price gouging because the price of the product they are asking is much higher than it is listed on Alibaba. Please, I need your advice. Is it safe to make money transfer out of the Alibaba web site? Thank you!

    • @CrescentKao
      @CrescentKao  4 роки тому +1

      Hello. You don't have to pay through Alibaba. As long as you're using a method like Paypal/credit card where you have some protection, there's nothing wrong with it.

  • @Sycobaseball92
    @Sycobaseball92 6 років тому

    Very helpful, thanks CK

    • @CrescentKao
      @CrescentKao  6 років тому

      You're welcome Isaac Ski! Thank you for your feedback, I appreciate it!

  • @fr33cam40
    @fr33cam40 6 років тому

    Thank you

  • @Massofash
    @Massofash 6 років тому +1

    Hey Kao;
    I really liked your style of teaching us and informing us on O' mighty Armageddon Amazon thing. I just want to ask you about a product packing info. I have created my own product a "backpack", and wanted to ask if I need to sell it in a box or just a plain plastic bag. As far as I am concerned to put a backpack in a box will really be a huge burden on my product. Please advice me on how to pack my product from China. I also have a shoes coming up soon! again the same question.
    Thanks
    Matt

    • @CrescentKao
      @CrescentKao  6 років тому

      Hello Matt Adam, how are you doing? Thank you for your feedback and support, I appreciate it. You can package/present your product however you want. It's your product, your design. If you want to put in a box, go for it. If you want to do a bag, there's no rule against it. You just have to follow Amazon's guidelines here: www.amazon.com/gp/help/customer/display.html/?nodeId=200243250

  • @AE-uv3ud
    @AE-uv3ud 5 років тому

    Thanks good info keep up

    • @CrescentKao
      @CrescentKao  5 років тому

      Thank you for your feedback!

  • @2020visionofrochesterhills
    @2020visionofrochesterhills 5 років тому

    PayPal doesn’t cover overseas....

    • @CrescentKao
      @CrescentKao  5 років тому

      Yes they do: www.paypal.com/us/webapps/mpp/paypal-safety-and-security

  • @gregagmajniski9381
    @gregagmajniski9381 5 років тому

    So if pay with paypal the seller an i both pay fees

    • @CrescentKao
      @CrescentKao  5 років тому

      There's only fees imposed on the seller by Paypal. Your supplier will most likely want you to cover those fees.
      You can see the fees on Paypals website.

    • @gregagmajniski9381
      @gregagmajniski9381 5 років тому

      @@CrescentKao but when i pay the certain amount there is always larger end payment, lets say i send 1000$ and the end payment is 1050$ and the seller wants me to pay antoher 4-5 % fee, that means at the end i have like 8-10% plus expenses

    • @CrescentKao
      @CrescentKao  5 років тому

      @@gregagmajniski9381 Like I said, fees are incurred by the merchant (seller) only. You can read about the fees on Paypal's website: www.paypal.com/us/webapps/mpp/merchant-fees

    • @Steve-tq5ei
      @Steve-tq5ei 5 років тому

      @@gregagmajniski9381 lol thats not how math works. Especially percentage lmao

  • @URsoulpowerful
    @URsoulpowerful 6 років тому

    How can I contact you?

    • @CrescentKao
      @CrescentKao  6 років тому

      Hello. All my contact details can be found in the video description of any one of my videos or on my website: www.crescentkao.com

  • @2020visionofrochesterhills
    @2020visionofrochesterhills 5 років тому

    Credit cards do not protect overseas... lol

  • @dhananjaysingh23
    @dhananjaysingh23 5 років тому

    Chinese suppliers don't use paypal.

    • @CrescentKao
      @CrescentKao  5 років тому

      They absolutely do. Some may not.

    • @dhananjaysingh23
      @dhananjaysingh23 5 років тому

      @@CrescentKao spoke to many ... they denied.

    • @CrescentKao
      @CrescentKao  5 років тому

      Well, that's a pretty small test case. All my mine accept it.

  • @fabi8314
    @fabi8314 5 років тому

    Hello Crescent, Unfortunately, This is not true at all when it comes to trade assurance! Trade assurance will never protect you as a buyer, it will protect Chinese sellers, we did have a bad experience with them and lost money, I would rather pay with a credit card, not a debit card or use American express through Alibaba. Suppliers will not accept Amex card but Alibaba will

    • @CrescentKao
      @CrescentKao  5 років тому +2

      I’m sorry to hear what happened to you. However, just because trade assurance didn’t find in your favor doesn’t mean it never finds in favor of the buyer.

  • @marcelinojr.deperalta3735
    @marcelinojr.deperalta3735 5 років тому

    Thank You