Can You Still Make Money Importing From China?

YES!!! Anyone who tells you no is either stupid or afraid. I know this because this is what I do all day EVERDAY.

The hardest part, in my opinion, is not even importing the products, the hardest part is

FINDING CUSTOMERS.

Once you have found a product that you want to sell and you are SURE there are people who want to buy it, the rest… well it is pretty straight forward. Ok yeah of course I have been burned by suppliers and I have lost money, but remember, the internet has made the world an extremely small place, which means it is not very hard to back check your factory and make sure that they are quality and not douchebags.

So here are my tips::

1. Find a good product:

The best products, at least in my experience have, are or do the following

  1. The follow a popular trend or piggy back on an already popular item
  2. They have a steady stream of willing buyers
  3. They are small and light weight
  4. The are NOT electronics, typically they are simple products with only a few components.

2. Qualify your factory:

There is no suck thing a LOVE AT FIRST SIGHT… especially with factories search around a lot and make sure you find one that meets your needs. I use the following sites and questions to sort out the good from the bad.

  1. Alibaba.com, Madeinchina.com, Taobao.com
  2. Ask questions (What is your MOQ, Do you have a warranty, What are your payments terms)
  3. Payment terms (see if the use paypal or escrow.com, these are the safest)
  4. Read reviews about them online.

3. Pre-sell your product

Personally I think this is the major difference between success and failure with an import business. If you pre-sell your products you not only dramatically decrease your risk, but also your financial investment, which makes the whole process much easier. I pre-sell in the following ways.

  1. Ask friends and family
  2. Post in online forums
  3. Search FB for people who are interested in similar products and directly message them.

4. Be flexible

You have to be flexible while working in China, I suggest the following things inorder to keep your business running smoothly and your supply chain flowing.

  1. Keep a database of every factory you contact and the person you spoke with
  2. Make sure you have more than one supplier incase you have a problem.
  3. Always communicate via email so you have a record of your conversations
  4. For valuable goods have an inspection company check them out before shipping.

Pretty easy stuff right? I mean a monkey could that right? (then again they did send monkeys into outer space), but that is besides the point. The main thing is to do SOMETHING!!! do not just sit there and think about it. Take Action! NOW!

Thanks for reading.

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