How To Make Money Importing From China
- Release on :2016-03-01
Recently,one of my business friend got some experience from the importing,so,he shared with me how to make big money about the importing business from China.Today,I would post parts of it and hope you can get some help.
Understand what you are doing
As with any other project you are trying, make sure you have a really clear understanding of what you’re going to be doing before going into it. Like I said above, if you aren’t careful, it is really easy to end up with a hilariously absurd amount of worthless product you will never sell. I still have a box of worthless imported crap I was never able to sell, I should probably throw that out…
What you are trying to do here is this –
1. Find a good product – I always hate when this is the first step of something I am reading, but unfortunately it is here too. Luckily, picking niches for this is pretty easy and quick, and doesnt involve pouring through monotonous keyword data.
2. Find a good supplier – There are a handful of great suppliers in every niche. It really takes some digging to find them (along with a little luck), but there are some things you can do to make sure you avoid the scams and increase your odds at finding an awesome supplier.
3. Sell and build – After you have a good product, and a good supplier, you just have to start selling it. If it were me, I would leverage existing sales channels (eBay, Amazon, etc) to both sell my product, and build up my own recurring customer base. So that is what I am going to focus on.
Things not to do
§ Don’t buy in bulk from a factory until you have their samples in your hands and youLOVE them.
§ Don’t let any supplier convince you they can’t ship single samples, they are trying to scam you.
§ Don’t pay with any other method but PayPal for the first 6 months with your supplier. This eliminates a ton of risk.
§ Don’t buy from a company that won’t accept PayPal. What it really means is that they had a PayPal, and it was shut down due to complaints.
§ Don’t buy counterfeit crap. Not that there isn’t money to be made there, it is just a bad business to build.
§ Don’t buy a lot of inventory in the beginning. I started off buying 1-5 units at a time until I built up the money to reinvest into inventory.
§ Don’t give these suppliers your personal email. The email will be effectively nuked and unusable for years, trust me…
I would continuous updating this blog and hope it can make your import business go well.