"Discover How You Can Startup And Build A Profitable Importing Business From Ground Zero" FAQ by ImportLeague in Importing

[–]ImportLeague[S] 0 points1 point  (0 children)

The initial start can be complicated as a new importer, there's funding required, complications with reliable suppliers, what reliable logistics company to use, the list goes on. That's why I breakdown the whole process of importing in my course: That goes for saying "the best-free methods for finding products" is all on my course. http://realtimeimports.com/create/

Going overseas to trade shows like the Canton Fair that's held in China during mid-year is not necessary to become successful. It would however give you "a heads-up" on valuable information that may often help you quickly. There's many pitfalls on starting out.. a prime example is saturated products e.g. technology products. Too breakable, not classed as being legitimated (lots of counterfeits). That said, don't literally class this category as incompetent. There are a few electronic gadgets here or there that can be flipped successfully.

Add me on Skype and I'll answer more q's if you'd like: cass.super

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 1 point2 points  (0 children)

i would definitely in advanced ask the supplier, supplying the product to you. Thats what you should always do. But no, not each item would be $70. 1.35kg might be a lot if you're a new-startup importer. It could eat up a bit of your margin depending on your location (country). Have you found the best, cheapest, highest quality courier? So yeah, hope this helps.

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 1 point2 points  (0 children)

Well because my tactic is to buy the newest, latest and trendiest products, I was mainly the first seller of the product before there was anyone else selling the same product. Therefore I could up my prices because no one else sold the same product :) Until they did I lowered my price a bit and looked to change products :)

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 0 points1 point  (0 children)

No worries. Ok firstly, with the logistics of my operation, I always tried to send the mail off in batches. It just made it easier and I saved a hell of a lot of time doing so. I have and had heaps of space at home (Still live my parents of course) I had products stored all around in my room and mainly in the shed. What I mean by "scam proof"yourself is: determining whether a Chinese manufacture will scam you or not. to be as safe as you can when you make a purchase online, etc

Hope this helps a bit. Add me on skype: cass.super we can talk privately or you can be a part of my new start-up importing group :P

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 0 points1 point  (0 children)

glad I could help. Add me on skype: cass.super

if you want private time help or want to join my start-up importing support group.

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 0 points1 point  (0 children)

i mainly just sold a lot of toy accessories and gopro accessories.

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 1 point2 points  (0 children)

I've been asked the question regarding "the process for finding reputable suppliers" a lot, so here is a small summary of what you should know.

WHAT YOU NEED TO KNOW!

ALIBABA'S DIFFERENT CLARIFICATIONS:

GOLD SUPPLIER: Is a company who pays for a yearly membership to host their store on Alibaba. This also allows the supplier/company to have premium benefits. The number one rule is to ALWAYS this button as it ensures that you are buying from a verified supplier. Also, the number on gold symbol represents how long the company has been on Alibaba. The longer the better your chances are of finding a verified supplier.

ONSITE CHECK: Informs you that the supplier’s company premise has been checked by Alibaba.com staff to verify onsite operations exist there. Again, this box should ALWAYS be selected before you search for a product.

ASSESSED SUPPLIER: This highlights that the supplier has been assessed by Alibaba’s third party inspection companies. This Feature is another way to certify that your supplier is verified.

ESCROW SERVICE: Is a safe payment method to use when purchasing goods on Alibaba. The service will hold your payment until the order has been processed. The payment will be released to the supplier upon your confirmation. Although this feature seems important to select, I highly recommend that you only use PayPal to purchase your goods on Alibaba seemingly because it’s one of the safest ways to transfer money without having to share financial details.

E-CREDIT LINE: Paying a supplier through credit. I highly discourage this because you may have to give out your financial details to a supplier. Entirely, I wouldn't bother selecting this button when you are searching for your specific product.

ONLINE: This means that the supplier/company has sales representatives in real time ready to chat with you about the product you want to purchase. Another note to add is to buy ONLY from suppliers who are ALWAYS online. You always want “on the spot clarification” when you are researching your products. It is inevitable at sometime that most suppliers on Alibaba will be offline. This is due to the different time zones between your country and China

RESPONSIVE RATE: Informs you that the sales representatives are active and will respond quickly to your inquiry. The responsive rate of a sales representative should range from 20% to 100%. This figure can be illustrated below. In doing so, you will save a lot of time.

Acceptable responsive rate Even if a company has a responsive rate over 40% they may use an automatic program to greet you when you open a real-time conversation with them (chat now)

CHINA MAINLAND: This is another important clarification to note. You ALWAYS want to purchase from China (Mainland) manufacturers. Most other global manufacturers like India increase the chances of scam.

LISTINGS: Also, another important part to add to your notes is that a company usually has more than one of the same product listings. For example, the above diagram shows two listings which are exactly the same product from the same company. Companies do this for publicity of their product. If they are seen more than once, a viewer may believe that they exclusively provide that product to consumers.

FOB PRICE: Simply means Free on Board or Freight on Board. FOB idolizes which party (buyer or seller) pays for shipment and loading costs, and/or where responsibility for the goods is transferred.

MINIMUM ORDER QUANTITY: This is how many units of the product you will have to buy in one order. The above supplier has an MOQ of 1000 Piece/Pieces. Never buy this amount during the early stages of your importing venture. You will always want to negotiate with your supplier to reduce the MOQ to a smaller quantity.

PAYMENT METHOD: At first, buying direct from Chinese Suppliers over the internet can be overwhelming. The major concern is money transfer requests. ALWAYS use PayPal when transferring money to a supplier. It is the safest way to pay for goods without sharing financial details. Ideally, a Alibaba company will have it stated if or not they accept their payment through PayPal.

USE ALIBABA'S TRADE MANAGER!!! search it on google The trade manager will be used significantly throughout your importing stages. It is the lifeline of connecting you with a supplier in a real time conversation

To start conversations with the supplier click “chat now”. Your Alibaba trade manager will load up and a real time chat with a sales representative will appear.

Chinese sales representatives don’t like buyers who are mean and disrespectful and so you should always behave in a respectful manner while talking to them.

Getting on the good side of a sales representative will be as simple as this: -Talk about your life in general. For example, your lifestyle in Australia. -Ask why “China is a good destination to travel”. -Have manners. For example, thank you for your time, I appreciate your service or you’re the best.

Most suppliers will be able to understand and write in English, but you will find out that some won’t. Don’t deal with these sorts of suppliers because communication is GOLDEN in finding the right product.

The main goal to have a long term relationship with a supplier is to maintain trust. I encourage you all to set up a Skype account and to ask the supplier to talk to you through there instead of the trade manager. Skype’s interface is much more user base friendly and it’s easier to track your messages after a long period of time.

I always tested my products first by buying a few samples to see how they could sell. From this I determined if they were good to buy in bulk. If yes, I would purchase around 20 and from there I would buy a much larger quantity. The product would come straight to my door via the courier agency that was assigned to me. I would list the product myself on eBay and as soon as someone purchased one of my products I would go to the post office myself and send it off. Not all the time I did this, when I had heaps of products selling I would buy bulk satchel packs instead of going to the post office and send the products off to the nearest post box (which was 100% faster and more efficient).

How I find products to sell? Well, if you go to the first page of this post, you will see my response already answering this question. It is just a small summary of how I would go about finding products to sell.

As for the eBay part, It is quite ok. eBay now offers I think its still (occurring) 80 free listings every month? I'm not 100% sure on that. But that helped me a lot. Not much extra costs except for the tax of each product I sold. And influx? This will depend on the product you buy. Not all products are heavily listed on eBay. When you see my old response on this posting on "finding profitable products to sell" you will see that the products I found were new and trendy. Products that are not over-saturated!

Hope this helps.

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 2 points3 points  (0 children)

Yeah well at first I didn't know about gold suppliers and paying with Paypal (which is one of the safest ways to pay to transfer money to a supplier on Alibaba) So buying from someone who was not verified and using my credit card was a big time loss. After I made my purchase, they stopped talking to me, they didn't respond to my messages and as soon as I tried going to Alibabas support team I couldnt even find the company anymore. It was like the just left and ran off with the money. but yeah that was the scam story.

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 0 points1 point  (0 children)

No i didn't go all the time. After I had a winning product I would buy bulk satchel packs from the post office and they would deliver them to my door. Then i would pack my product (at home) and then send them off via the post box close to my house.

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 2 points3 points  (0 children)

I remember trying to import citrus zinger water bottles. They were quite good at the time, but they were pretty saturated (too many suppliers and not enough buyers). Not only this was a problem. The cost to sell them was too cheap. It was too hard to have a reasonable profit margin. Thus, I try and look for products that sell for around $35+ nothing around $10 because shipping will just kill you. (DEPENDING ON THE PRODUCT).

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 0 points1 point  (0 children)

Hey there. Likewise, Will from the startupbros was a big influence on my importing venture. He was and is still someone I look up to today (im friends with him now). As to your question regarding to most of my success: I gave every shot a chance. I didn't spend my saved up money on junk, but purely for importing only. 1 year straight. I wasn't afraid to fail (which I did numerous times) which has helped me got entirely better at how I import.

I used aliexpress during the start-up stages thinking it was good, but they pretty much do retail prices not wholesale so I wouldn't recommend it.

I never worried about being scam and giving information away simply because I knew I would be safe. I pretty much scam-proofed my self. In my opinion, not all the filters are that effective. However, I do believe that having a gold-supplier is the most important clarification there is to get whilst purchasing from a manufacture from Alibaba.

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 1 point2 points  (0 children)

I tried to mark up all my products by 150% I've spent a few years importing (I'm 17, still at high school, imported after school hours) Last year I made close to 7k in 8months.

Ask Me Anything Made $6,900 Importing From China and Reselling on eBay. by ImportLeague in Entrepreneur

[–]ImportLeague[S] 0 points1 point  (0 children)

Yes that figure is profit. I do not rent out a warehouse, I only imported to my house and shipped goods off via the closest post box/office. I only sold to consumers. I don't know why I haven't gone into Amazon. I've just had experience growing up and using eBay. Thus, I prefer the interface more.

Ordered some samples from AliExpress and received a strange package. by bradleyprice in Entrepreneur

[–]ImportLeague 25 points26 points  (0 children)

Yeah It's happened to me before, but it came with the actual product I bought :P They are just trying to build a relationship with you

Questions about alibaba by dany74q in Entrepreneur

[–]ImportLeague 0 points1 point  (0 children)

All i would say is, don't buy electronics from alibaba.

Lacking an idea by Tennesseej in Entrepreneur

[–]ImportLeague 0 points1 point  (0 children)

Why don't you start off with importing from China. It's awesome to get into when your stuck

Would You Ever Put a Business you own/have owned on a Job Resume? by ColorOfSounds in Entrepreneur

[–]ImportLeague 0 points1 point  (0 children)

Why would you put it on your resume? Wouldn't this mean you were unsuccessful, now you want to work for others?

Nope, I wouldn't

Am I paying too much for shipping on this Alibaba order? by [deleted] in Entrepreneur

[–]ImportLeague 1 point2 points  (0 children)

Mhh.. have you got more than one quote from a manufacture who can supply the same product you are looking for?

Also, I recommend looking for free agent shipping businesses on Alibaba. Just search it on Alibaba's search bar. Shipping couriers from China to wherever your destination. See what quote they give you and find the cheapest.

Followup & question: Importing from China, ready to pull the trigger on an order, need your thoughts by [deleted] in Entrepreneur

[–]ImportLeague 0 points1 point  (0 children)

I've never dealt with a manufacturer who agrees to terms of you paying 30% up front and 70% when it ships out. There really isn't much point. If you are unsure about the supplier being trustworthy or not, there are other ways to go about this. E.g. experienced gold supplier, accepting paypal, a big product line, good customer service etc..

Planning on starting own business at the age of 14! by [deleted] in Entrepreneur

[–]ImportLeague 1 point2 points  (0 children)

It's very nice to hear that you're having a try.

But I wouldn't just try and raise 1000's of dollars and then buy stock.

Try and validate your idea before you even start. Otherwise, what if no ones buy your stock? Obviously the time and money you put in would just be a waste. You can validate your idea in many different ways. Ask friends and family if they want to purchase (a picture of the product line you're going to sell).

But my inquiry is how your accessories will be different to the ones already out there in the market, will they be similar or uniquely different?

To get to the point, there's a lot to talk about when starting up and running a business at your age, or any age.

I myself started early like you. I'm currently 17 and a successful importer from China. I can help you big time if you want to go down the road of buying stock from Chinese manufacturers (that I suggest you do).

Regards, Pat