Again, with some items it will be different than other. I skipped over that one. Another option is AliExpress. You will generally get better prices for the same amount on Alibaba if you are willing to put in the effort to communicate with suppliers, but AliExpress is always an option. So we wrote an article you can use if you choose to buy products on Aliexpress. After all of this, you should have at least one solid supplier for a product you know will sell.
At this point, you are going to have to make a decision about your inventory. If it were me, I would invest the couple hundred bucks and buy pieces of my product to get started.
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You can certainly buy one at a time to start and that will work, it will just be a slower start. I guess now is a good time to mention that I have not found drop shipping to be a viable option for somebody just starting out with a new supplier. The only times I have ever had successful drop ship relationships with suppliers is after a long and prosperous history, at which point they work with me to get their American distributors to drop ship.
Notice I did not say spam your friends on Facebook and every forum you can find about it. That is a ton of work and will produce very little result for you. Not once have a I tried to sell things to my Facebook friends, I barely even tell them what I am working on unless asked. It is relatively easy to set up shop on all of these — I would just look at what the top sellers of your products are doing and then try to improve upon that. Most of the time, the copy text used in eBay and Amazon ads is free domain from the manufacturer, so you can get a lot from other sellers and simple Google searches.
Within a day or two after getting your product up, you should begin making sales. This is when things start to get really exciting. Just ship out your products at the closest post office and wait to see what happens. Make sure you ship immediately, and make sure you pack it up well.
I would also suggest throwing in a thank you note with a website or some way to turn these guys into recurring revenue see below for more on this.
Where is Chinatown in London?
Within a month it should be painfully apparent if you need to find a new product or if you should scale up your current product. After I had my airsoft guns up on eBay and Amazon, all I had to do was keep track of inventory and shipping. I slowly started to add more products to eBay and Amazon, started sending out promotional materials with my shipments, began advertising, and started a brand name behind my online business. My 20 order per day average quickly swelled to 30, 40, 50 sales per day.
Hopefully from reading this article, you can skip most of those mistakes and get right to the success. If you are unsure about a marketing method you are thinking about trying, just comment below or email me and I will tell you what I know about them….
Keep in mind that the only money I was putting into this was reinvested earnings. If you follow this tutorial, you will eventually be where I was — making a solid 50 orders a day. At this point shipping and inventory are going to really start taking a toll on you and your time.
If you get past this point, it is really up to you where to take it. I preferred to keep it at this level automated cash flow , but you could certainly grow this as large as you wanted to. There is no real limit on how much money an importing business can make, and you have built a solid foundation to build off of. At this point, there was very little that could go wrong. I searched around for a replacement supplier from anywhere I could, but the prices had just skyrocketed.
With many new projects sprouting up, and being only 16 at the time, I refunded everybody and moved on… I did make enough money to invest elsewhere, most of which was lost on other ventures. I learned more than I did in my entire schooling career with this business, and I hope I communicated everything well enough to expedite your learning curve. Make it happen!
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Please comment below if you have any problems, questions, or suggestions with any part of this — I will be responding to everything immediately for the next couple of days. Will Mitchell is a serial entrepreneur and Founder of StartupBros. You can learn more about him at the Startupbros about page. If you have any questions or comments for him, just send an email or leave a comment! With that being said, I just have a question about Taxes. Because you are a US resident, you are able to start a business as an individual. There is no need to start a corporation or anything.
You can focus on starting small and making sales. Once you make enough money in sales you can incorporate as an LLC. Any money you make is part of your income for the year. There is no need to create a corporation. Hey Mitchell, A great article and it has really motivated me and given me a clear direction for starting my own business.
I have identified some products which do not fall under niche category but definitely are innovative products which are solving customer problems and not available in the market. Would you recommend to start with these products? How should i calculate the selling cost of the product? While selling on Amazon, were you registered as an individual or a registered company? Hello, I am Adewale, I wanted to ask you if you could send me a company that offer an all-in price shipping service from China to Nigeria, delivering to door.
Hope to hear from you soon. Regards from Lagos, Nigeria. I will be grateful if you continue this in future. Many people will be benefited from your writing. You made some first rate factors there. I appeared on the internet for the issue and located most people will go together with along with your website.
HSBC International Business Guide | China
Aw, this was a very nice post. In concept I would like to put in writing like this additionally? I procrastinate alot and under no circumstances appear to get one thing done. Thanks for all of your time. Hello, thanks for this wonderful article. Can I ask if you have any shipping service to recommend if I wan to ship small qty to Singapore. The weight of the shipment is around kg. What is the best option that you would suggest.
Hi There. Yes like all the other people I was wondering if you have a LCL company details for me. I am looking for someone who operates in the area of Nanyang who can collect my parcels and send it to me in South Africa. There are thousands factories in China for each product. How to know who offers best price and quality? You need 0 experience!
Our agent will help you get best price, and support the whole importing process. Just fill out the form, we assign you an agent shortly. View Larger Image. What Is Small Business? This comment form is under antispam protection. June 26, pm. Jing Zhu. Tyson Nturibi. June 20, am. Akinbulumo kehinde. June 19, am. June 18, pm. Adekunle Ololade. Thanks for this article. I will need your help in importing goods from china. June 6, pm. Imaobong Timothy. June 5, pm. Kindest and warm regards Nasser. June 2, pm.
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