*How to Make $1k per Month Importing Products from China by EndowedLday...
If you want to know how to make money with Alibaba and start your own online business then you’re in the right place:
Yes it can be scary, difficult, frustrating, and down right painful, but if you follow our guide and stick to it, you will reap all the rewards and then some…
That’s why the first thing we’re going to talk about is how to find your first product. Then you’re going to learn how to negotiate prices, where to sell the products, and finally the best marketing strategies!
*Step 1:
Look for Product Ideas Everywhere.
The first thing you need to do is identify products you want to sell, there are a lot ways you can do this, and the hardest part is usually coming up with ideas to research. I usually do the following.
Ask people what problems they are having Facebook and reddit are both great places for this, usually I just ask people questions about what things they use in their everyday lives that they have trouble with or could use improvement. Check out this reddit post here,.
Keep a notebook where I jot down things that I see everyday that I think are cool or interesting.
Look through Amazon Best Sellers and Ebay Popular to see if you can piggyback (we’ll define this later) or improve a product.
Try to solve problems that you have. The most obvious problems are hard to solve because you have been dealing with them forever, so next time something seems a bit annoying or dumb take a second and think if there is a way to improve it.
These are the kinds of items we’re looking for….
Light weight: This is important because it saves on shipping charges from China and if you do have to deal with a return for some reason it will not kill you to ship stuff back, the last thing you want is to ship something heavy all over the country.
Simple: You want an itme with a large margin for error. If there is a defect in the product ideally you should still be able to sell it. That is why we do not do electronics, a small defect with electronics and the whole product is worthless.
Price Between $15 – $200: This is where the majority of the world purchases products.This is the ‘middle class’ of products and the middle class is what we are after.
CHECK OUT OUR 10 IN DEMAND PRODUCT IDEAS FOR 2018!
Step 2: Research All Your Product Ideas
Terapeak is an awesome tool for identifying products on eBay and Amazon. It’s also simple to use, all you need to do is input the product you want to research and TeraPeak will give you some sweet analytics. Like sell through ratio, sales volume, and the trend over 30, 60 and 90 days.
Another awesome tool is Camel Camel Camel. CCC is a free tool that allows you to track pricing trends from Amazon over time so that you can easily see whether a product is trending up or down. Another great thing about CCC is you can get an idea of where to price your product in order to be competitive.
Here is a screenshot of MorphSuits, I use to sell a ton of these:
Using Camel Camel Camel to Research Products to Make Money With Alibaba
As you can see the price is trending down, so I would not do this product now. When you see a chart like this it usually means there are too many sellers now and the market has been oversaturated.
Step 3: Use Alibaba to Search for Manufacturers
Alibaba is without a doubt the holy grail of Chinese bulk wholesale factories. The Chinese suppliers that are listed on there are either (A) Serious Factories or (B) Serious Scammers. Below I am going to show you, step by step, how to vet suppliers and make sure you are not dealing with a scammer.
There are basically two ways you can search for wholesale suppliers on Alibaba.
1. Search Engine
You can search through their search engine to do this. Simply type in the product that you are looking for.
Make Money with Alibaba: Search for Suppliers
Once you have done this, look just above the first product and you will see five boxes. Check the following:
*Gold Supplier
*On Site Check
*Assessed supplier
*Escrow
Make Money with Alibaba: Filtering Through Alibaba Suppliers
The reason we check these boxes is to begin weeding out the good from the bad. Typically if they accept all four they are pretty legit supplier!
BE SAFE ON ALIBABA: EASILY AVOID SCAMS, MIDDLE-MEN, AND FRAUD
First Message with an Alibaba Supplier
The first contact with a Chinese wholesale supplier is VERY important, Your objectives are:
Sound serious
Don’t sound like an amateur
Make a good first impression
So how do we do this?
Here is a template I use when contacting Alibaba wholesale suppliers for the first time:
***
Hello,
My name is ______. I am a purchasing agent for XYZ corp. We are very interested in learning more about your company and it’s production capabilities. If you could send us more info as well as your product catalogs and MOQ requirements we would greatly appreciate it.
We look forward to speaking with you.
Sincerly,
_________
***
Of course you can tweak this to fit your needs, but this is a good start.
Build Slowly, Gradually Increase Orders!
DO NOT buy in bulk from China immediately, that is the quickest way to get screwed. What we want to do is buy a few samples, sell them, get feed back, and then move to the next step.
FOR MORE INFO:
Place your Order for the COMPLETE VERSION OF THE E-BOOK, for just #1,000 only.
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