When we think about starting a business, the first thing to mind is to sell the product. But if we do not make our own products then what do we do?
Where do we buy stocks? And most importantly from where we buy at the lowest price and sell at a reasonable price?
How import business works
Before going to a large part of this article, it is essential that you know the basics of import products from china. How do you earn money in the “Buy and Sell” business?
Simple: Buy a few wrist watches at a lower price, and then sell it for a higher price to generate profits. The gold rule. Cheap buy, sell more expensive.
a few years ago, the problem was that, if you own a small business, you had to buy wholesale items from the wholesaler, who kept the maximum profit but now you can buy directly from the main distributor.
(For example) a watch factory in China sold these products for a significant importer $ 5; That imports sold these watches to a small business owner to $ 10, and this small business owner sell for $ 15, then they just make $ 5 profits.
But everything that has changed with the Internet. Today, a small business owner can buy products directly from a factory in China, eliminate the big importer as the middle, and increase your profit.
Why import products from China?
If you are asking yourself Why import products from China and not from another country, this is the reason: as you know, most products are manufactured today in Asia, particularly in China.
Toys, household items, computers, cell phones, and even Apple iPads are manufactured in China. If you don’t believe me, take 3 or 4 things that you have around you, and check at their labels.
The shirt that I wear right now, the keyboard with which I write these words, and my cell phone, everything is made in China. China is one of the cheapest manufacturers in the world for its low production and labor costs.
And as a result, many of the big brands you know (Apple, HP, etc.) make their products through factories and contracts in China.
How to sell imported products?
How to import from China: 6 key questions
I’m sure you’ll be excited and in a hurry to enter this world of importation; But before you sit down at your computer and buy what you need, you must learn eight critical keys to success in this business.
After reading these eight keys, you know how to verify, product quality, payment process, and many other aspects.
1. Where to buy the products?
Alibaba is the largest Chinese website there are all kinds of products are available to buy.
there are all type products like spare parts for automobiles, clothes, jewelry, even products related to health like natural grasses, medical devices, etc.
The best thing is that you can change the currency to see the prices according to the country where you are.
It is an ideal website if you want to start an import business or affiliate marketing dropshippingbecause most of its products are sold wholesale, in packs of different units.
2. How do you pay for the products?
With the simple online way, you can pay them via bank or with your credit card or master debit card. Yes, the same card you buy in physical stores or take money from the ATM. Quick and easy!
3. What happens if you ware a scam?
frauds and scams are a big problem in the online world you must need to be careful with these
What happens if you pay for them, but they never send your product? How can you make sure you receive the EXACT products that you have paid for?
The website Alibaba that I have recommended you above in this article have a program called “buyer protection” included in the payment process.
This mechanism, called Escrow, works like this: instead of paying you directly to the seller, Aliexpress “freeze” that payment until you receive your products.
Once received, if you are satisfied with the merchandise, you confirm that everything is correct, and your payment is released so that it reaches the sellers. It is a simple process that ensures that the buyer (you) is never cheated, and receives for what you has paid.
4. How to find hotproducts toimport from China?
This is one of the biggest concerns when buying products from China: think that those items will be of low quality. How to know what is purchased quality and the buyer is reliable on Alibaba?
You can check Through the review and the scoring system. In each product you buy, there is a tab called “Ratings” where you can see what other buyers have the advice about that particular item.
So when you find something that you want to buy, I highly recommend that you always check at those ratings and buy only sellers with an average score of 4 or more points, and 90% positive votes.
5. How will products shipped
Some products of this website have the included service of “free shipping” to many countries of the world. Although this option is excellent, it is also the most time consuming: generally between 15 to 60 days to arrive depending on your country.
Apart from all this long time, it may also be impossible to know where your package is when it is shipped. If security and receiving the goods soon do not care much, this is a good option that will increase your profits a little.
Other common shipping options on the website are shipping by private companies such as DHL, EMS, and FedEx. They are more expensive, but you’ll certainly be sure to get more and more items as soon as possible.
Although if you do not want to take surprises when you receive them and check that you have to pay customs, the safest option of those three.
6. Which products are the most popular?
Aliexpress have the most popular and best-selling products on the Internet.
Some of these are clothes and accessories both for men and women, electronics cameras and cell phones and accessories smartphones, chargers, batteries, hair extensions are gaining special prominence.
Although clothing, cell phones, and extensions are trendy, it is best to investigate the market around you and analyze what is the profile of your ideal customer to know what you can sell better to that person.