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When you finna take me shopping papi?
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cause hes scamming bruhso 490k gross, considering you pay yourself an avg of 8k, so lets says 5k a month x2= 5x12=60x2(other partner)= 120k-490k=370k
370k-125k of just general expenses(1employee/packaging/international/etc)= 245k
245k=acquiring inventory=50% of gross
50% of gross is spent on inventory, meaning you either make 2x or more net profit on avg of item sold
idk, seems out there, but if youre making that much of a profit, why not expand?
MAn read the the thread title. Screams fraud. Dude is a lie
This screams scam or fraud. I'll pass
elaborate please
We shop around to see who gives us the best price at the best quality. Amazon customers are not easy to satisfy so if your product isn't on point you won't last long selling on amazon. Amazon is the scariest, but as a startup it is the easiest way to grow.Does your supplier/connect care about what type of money you are making? I realize his sales increase too, when you need more stuff. But it would seem hard to keep a connect who could just close out your contract, and start up his own business.. You are at their mercy, it would seem. That's gotta be scary1) The job opened my eyes to see the potential and seeing first hand that you can grow a multi-million dollar e-commerce business. There are many people who have done this, the first who came to mind was this 28yr old guy who started buying and selling screen digitizers from alibaba and selling them on ebay. He mentioned with his growth suppliers came to him. He became a titanium powerseller (over 1m in sales) The thing that discourages most people is the huge risks and work that go along with it. There are several wholesale trade shows where many chinese wholesalers and manufacturers go. Check out http://www.asdonline.com1) I know youve elaborated on the luck you had about your supplier, and being in a company that also had similar business model helped, but if you were never in that job, do you think an average joe can get a business going just by information from the internet? Like is your supplier taking customers from online too? or just locally and you lucked out because of your chinese friends parents? I understand that there are suppliers online but i would think they charge more than a supplier straight from china. that would equal to less profit margins and less confidence in the business. plus as a reg joe, going to china to supplier hunt for an idea you might not even know would work is a risk when you got a 9 to 5 already (not you, avg joe).
2) you talk about warehouse and containers. do you buy containers of random things, keep them in the states and hope people buy them on amazon? or is it ordered first by the customer and then shipped china -> US -> amazon warehouse -> person?
3) is there a cliffnotes version of the basic rules of importing goods from china? such as max 10k value a month or something? i just made this up, but can you really just buy countless pallets of stuff from china like that?
2) We purchase our inventory from what we see will sell in large volume based on Amazons sales rank (Huge hint here) We buy enough inventory to fill up a 40' container. They stuff it at this terminal in china and sent to the US on a cargo ship.
We research product>Order>Shipped to us>label everything>Ship to amazon>amzon ships to customer
3) When you are ready find a transport broker, they do everything and not very expensive.
The triads/organized crime will come knocking
Thats my plan.Nothing can bring you piece of mind like real estate.
Take advantage of the low interest rates on the housing market right now. Buy a house and rent out the rooms for a steady income
Cant sell fakes on amazon b.Are you still mad at olive garden?![]()
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Chinese plug huh...
what counterfeit stuff are you selling?
my guess is fake sports jerseys.
Not yet still working, I won't feel that I have reached financial success until I've helped out my parents. They sacrificed so much for my brother and I least I can do is help them out financially.Are you a happier person now that you have reached financial success?
We knew specifically what we were going to sell.
When you first started, how hard was it to find your audience you would be selling to? Did you start out selling different things and through trial and error find your target market?
Thanks famNo questions. Just congratulations!
We use amazon's rank system, I wish there was software to list amazon sales rank.Oh You MadWelp. Time for me to do my research. I need Dat![]()
Are there any other http://www.hotitemfinder.com/index-a.php type programs/apps?
Im sure you will make that Mike Zhang money in no time
You got me.MAn read the the thread title. Screams fraud. Dude is a lie
elaborate please
Net=how much you have left over after expenses, taxes, etc.Net>>Gross though, right?
No thanks, after that sweep at fashion district in downtown LA it got me shook. loli need to launder some trap money you widdit op?
1. Takes approximately 2 weeks, maybe 3 if homeland security wants to do a random search.My questions:
1. How long does it take to get stuff here from China (i assume transport = boat)?
2. How many different items (approx) do you sell? Do you get them all from the same manufacturer in China or does your contact work with multiple manufacturers?
3. You said you invested 30k to start and 60k for the first shipment. What was that 30k for? For the 60k did you have to pay that up front or did you pay that after selling your goods?
4. Is it possible to do this on a smaller scale (e.g., higher price for lower amount of goods bought)?
5. What part of China is your manufacturer from?
6. Are there any import fees?
@Superb post some of your kiosk locations so that I can visit one please
I keep telling people here that money is easy! I do the same thing as you but I sell to stores, at mall kiosk , electronic stores friends ,family,. flea markets,ebay,amazon etc. I work by myself but i hire temp help from time to time
I made up to this point about the same as you GROSS
Here is the thread that started it all
http://niketalk.com/t/579017/purcha...cs-from-china-based-websites-yay-or-nay/60_60
I started around feb march of this year and I gross close to a little over a quarter of a million already
I used this software to find hot products on Ebay--> Get Hot Item Finder
and this forum http://www.wholesaleforum.com/discuss/
to make my fortune
Its been about a month since you created this thread. How much business did you do in October? Are you doing steady numbers every month?
Thanks in advance!
1. Tapatio2 questions, guey
1.
Cholula, Tapatio, or Sriracha?????
(SRS)
( your avy? -- fahgettabouwdit)
2.
Biggest/Coolest/Sentimental purchase you made once you started makin some coin
View media item 1239147
1. Tapatio
2. Fix my teeth.Kept it pretty humble, been saving as much as possible right now to invest in real estate. There are A LOT of new third party amazon vendors every year, so the future is uncertain.
View media item 1200580
I will not disclose my amazon store name, or specific products.
No PMs, someone else might have the same question as you.
I am 24yrs old, College drop-out. We Import directly from Chinese manufactures. I have a Chinese partner and we work from a 5,000sq ft warehouse. His father in China helps us get the inventory for CHEAP which allows us to sell it on amazon for big profits.
100% of our amazon inventory is "Fulfillment by amazon"
I probably won't be able to help answering the "getting in contact with Chinese factories" because thats my partners job.
I am doing this because NT has given a lot to me and I want to give back and help some of you guys out.
My inspiration was these guys:
http://www.inc.com/profile/yagoozon