Have you ever thought of buying stuff from China and resell it yourself?
I see a lot of people who want to start a business with Chinese products.
And why not? You can buy a lot of products for low prices and sell these products locally with a profit?
The main question is: How serious are you to build a business on it?
You can earn money!
Making fast cash with Chinese products is possible. Many products are much cheaper if you buy it online in China than in your home country. So if you can add a fair profit to these products and find your buyers, you are in business.
Currently I know a lot of people who own an online or offline store and who order many products to sell these in their stores.
I think these entrepreneurs are doing a great job building their businesses. And I’m sure these entrepreneurs know how to negotiate, find better prices and better quality.
And I’m curious!
Are you an entrepreneur who is buying products from China?
Please let me know in the comment box below.
And if you have any question about the import process, please ask me.
You can loose even more!
Lately I got a question from a reader who wanted to start a business.
He wants to invest US$100 and sell this locally for $200.
Than invest the $200 and sell it locally for $400.
And again invest $400 and sell it for $800.
And again, and again.
It looks like a money machine. And yes it is possible to get this working! If you know what you are doing….
Sure anyone can buy some stuff, sell it with a profit and earn a few bugs. This can be fun too. But this is merely a hobby, not a business. Just do it for the joy.
If you want to systemize it into a business, you must come up with a good plan. Let me point out a few things you should know before you start your business.
Do you have any experience with selling products?
If not, get experience. Talk to shop owners and ask them how they work? Find shop owners that do buy goods from China. Ask everything you need to know: How did they started? Where do they buy their goods? How is it going? Can they live from it? Etc etc. Ask if you can work for them. Anything, to GET EXPERIENCED!
Do you have any experience with buying products from China?
I see people who are dreaming of making a lot of money with Asian products. But these poeple have never bought anything themselves. Before you start ordering larger amounts of products, do your own research. I cannot mention this enough. Start with small orders. Try out different shops. Get in contact with them. Test their customer’s service. Their delivery system etc etc. Again: GET EXPERIENCED!
There are many other questions you must answer
- How do you sell your products? Online in your own store? Offline in a real store?
- Where do you find your buyers?
- Do you buy your stuff from Chinese stores or from Chinese manufactories directly?
- How much margin can you add to the price?
- How do you handle complaints or warrantee?
- Do you need licenses to start a shop?
- Do you have a distribution system?
- How do you handle clearing payments and customs and VAT?
- How much money can you afford to loose if you fail?
If you are serious to build a real store, you must be willing to answer these and a lot more questions. Building a business is a lot of work.
And if you just want to earn a few more bucks, stick to a hobby. Buy some, sell some. Use the profit to buy new stuff and sell it again.
My question to you
Have you ever bought products from China and sold it?
Please write in the comment box what it was and did you make any money with it?
>>> Anyone who adds a comment will get a free chapter about Declation Costs and VAT for free <<<
PS: If you like this blog please share it with your friends or click the Facebook Like button.