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Manufacting tools in China...looking for next Cash Cow

Discussion in 'Introductions' started by kbmanor, May 3, 2011.

  1. kbmanor

    kbmanor Newbie

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    Hello Everybody,

    Please forgive me if, and when, I err. A little about me, but not a dissertation. I live in the Western United States. I've just come to a cross-roads in my life. I'm 38 years old, have a Bachelors Degree in Computer Infomation Systems, and have yet to start my career???

    I have been invited to Las Vegas by my uncle who has taken an interest in my plight. From all appearances he is extremely success. I've always known him as an self-made businessman. He's more or less said "come to Las Vegas, my townhouse will be vacant soon, So you won't need to worry about a place to stay. I'll show you what I'm doing, if you like it great. If not, we'll figure out what you're interested in and make it happen." This is what he has going...

    He owns two manufacturing plants in Chine. Currently they manufacture hand tools. He's just won a 40 million dollar contract with one of the big box home improvement stores. He'll be supplying all their hand tools. When we talked last month he said China was developing a middle class similiar to that in the United States. Working less hours and making more money. That type of thing. As a result he's traveling to Vietnam(I think) to explore the option doing busines there. Point being...he's always looking for the next best thing.

    After hours of contemplation and after reading many of these posts I've come to the conclusion that there may be a better commodity out there. I think he may be in the perfect situation to create enormous wealth. His presence in the East and the explosion of the Internet could be the winning lottery ticket.

    I have some ides. But humbly ask for anyones advice. Looking for low cost, high margins, and bulk sales. That's not to much to ask for is it?
     
  2. ghettogong

    ghettogong Regular Member

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    You are heading in the right direction, good contacts in your biz are crucial and if your uncle already has big customers in US and factorys in the East, go 100% for it, listen to your old man!
     
  3. kbmanor

    kbmanor Newbie

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    Thanks for the response. I like the idea of manufacturing those football jerseys and perhaps being able to offer drop shipping as a bonus. I read on this site that 25,000 of those are sold everyday on ebay. What do you think?