How to import products from China and make big money
China's comparative advantage of low labor costs and very good shipping rate which helps merchants import goods from China conveniently. It is obvious that a high proportion of "Made in China" products on eCommerce websites like Amazon, ebay, Wish, Bonanza etc.. Those sellers are not only from China but also the sellers who are out of china while importing commodities from China.
Then, how to make big money importing from China? Here is the ultimate guide for those who want to start their own business importing from China.
Find a good product – This is the most important but not easy step. You’ll need to brainstorm, research, and select a product(s) to import & sell. Most people find this step frustrating and overwhelming (with good reason),but a good beginning makes half success.
Find a good supplier – Once you’ve decided on a product, you’ll need to source that product from a great supplier. It can take some digging to find them, but there’s ways to ensure you avoid the scams & increase your odds at finding an awesome supplier.
Sell some samples – You’ll want to place a small sample order to test & validate your product (I’ll show you how I do it). This is part of the ‘secret sauce’ that most new entrepreneurs miss.
Scale it up – Once you’ve validated your product, you can feel safe bulking up your order quantity & making changes to differentiate your products.
lower the shipping cost - You will need to find a good logistics solution for shipping your goods from China. As most of the shipping price are not transparent, and you will find it exhausted to get the quote from various freight forwarding company in China.
Luckily, there is a logistics mall which allows you search any shipping solution with transparent and instant quote. Plus, you can do the ebooking and "all the way" track your parcels in its website.
I hope this will get you in the right mindset and helps you start/grow your own business importing from China.