Out of curiosity, can I ask you what payment methods did you accept from customers, except credit card or bank wire? If I understand correctly, you set up a toy site and, as soon as a customer placed an order on it, paying by credit card or bank transfer, you ordered the goods on AliExpress, and the supplier shipped the item directly to the final buyer, without you had to take on both the management and shipping costs of the product, right? I wanted to ask you if you did this whole process as a private individual or if you opened a company with a VAT number. I've always been curious about drop-shipping, but I've never practiced it. Thank you in advance for your answers to my questions, and I'm really sorry for my bad English.
Right! But i am surprised how the people in US can sell the products at price cheaper than aliexpress. Is there any wayout to give them competition.
I accept payment through Credit Card Only. And there was no need to different VAT Number for it. I paid all taxes along with my other income.
Postage is 1$ world wide in Singapore, postage from AliExpress is free to Singapore and Hong Kong and China international, how else do you think America was able to establish the great American capitalist dream making everything cheap.
such as ...?
Dropservicing. It is a new concept, you can search YouTube to find details on how to do this.
They have ties to china, Singapore, Hong Kong they can facilitate old style practices before covid and bitcoin era, don't forget these dropahippers have been in business a long time, it's Naive to assume otherwise.
You have answers it yourself. It is so much abused that price on Amazon is less than what you are getting at from source. This means big players are in the market who are buying in bulk from manufacturer at huge discount.
Interesting. So, if I understand correctly, you are a private individual and collect payments directly into your bank account, right? I would have liked to create a similar site, but, beyond a certain threshold of payments, the tax authorities could initiate investigations and require the opening of a VAT number. Beyond the bureaucratic aspects, how do you advertise your site? How do you get traffic? How much is the maximum amount you can earn in a month of work? I know very well that profits are subordinate to turnover. However, I'm just interested in knowing just an accurate estimate of your monthly income.
they probably are not drop shipping they likely bought wholesale 1000x items. Or they could be lowering the price so no one can make money and get the top spot then will slowly raise the price once they completion has left that niche/item.
The sad truth is that nowdays 50% of Amazon sellers are from China. They send from China directly to FBA warehouses. This means they can offer very cheap prices and prime shipping. U need products with an USP
