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July 12, 2008
China is the biggest manufacture in the whole world and the competition between the different companies there is big. Get yourself into the loop and make some money from china, and this is how:
1. Find a product – Search the internet and especially Chinese websites such as AliBaba and other Chinese mediating websites for your desired product and then get a price quote from several companies. At this stage you will find that the competition will give you a very good price that will be beneficial once you will sell the product.
2. Get the product – It takes time for delivery and shipping so plan your schedule and always ask the right questions, how long will it take, how much will it cost including the shipping and packaging.
3. Sell the product – i will elaborate about the selling in a bit, but first let me start with some tips.
Tips:
* Start small – don’t order 10,000 pieces right away even if the price is VERY low. Start with 100, this way even if you won’t sell it you will lose very little.
* Custom and taxes – i won’t tell you that there are ways to get around it, but there are
Make the calculation and do what’s best for you.
* Negotiate – Since the competition is VERY big, the initial price you will be offered won’t be the last one. But it’s up to you. Don’t take the initial price for granted and always know that the Chinese are desperate for sales.
How and where to sell?
You can sell your product with almost no effort online in places such as EBay and other used stuff popular places – of course you will have to handle shipping so make sure to include it in your price calculation.
You can also sell it to your friends/family and if you are connected well, convenient stores and so on.
* if the product shows signs of good sales – order more but don’t go crazy with it or you might lose money and get left with the stock.
Good luck,
Ben