[METHOD] How You Can Make Big Money Importing From China – The Rise and Fall of My Empire…

StartupBros

StartupBros

Regular Member
Joined
May 16, 2009
Messages
244
Reaction score
124
Hi everybody,

I recently wrote a series of posts on my experiences running an importing/dropshipping business and how I would do it again. I thought it would be helpful for anybody on BHW considering going into outsourcing / importing / dropshipping / whatever you want to call it.

I hope it is ok for me to share these on BHW. If not, please let me know and I will delete/modify this thread.

Here is an excerpt from the article (I would post the entire thing here, but it is a bit long due to how comprehensive they are) -

Most of you probably don?t know this, but one of the very first profitable businesses I ran was an importing company. From the age of 13 til the age of 16, I imported a whole bunch of random stuff and sold it on various websites. It was really difficult when I was getting started, partially due to my lack of experience, and partially due to the fact that there was nobody there to help me.

My friend Devan Earle is thinking about getting into the import arbitrage business and mentioned it to me last night.


Our conversation made me remember how impossible it seemed for me when I first got started, and how many questions there were that needed answering?


Where do you find suppliers? How do you know what?s going to sell? When you know that, how do you know what to determine to sell? How do you eliminate the risk of scams and bad shipments? Where do you even begin to research?


Our conversation got so in depth that I decided to turn it into a blog post.


So this is basically going to be an A-Z guide on what I would do, step by step, if I was going to start over again at importing products from Asia and selling them online. I?ll also include some insights on what made me choose these steps. If you plan on trying this out, I would suggest bookmarking this blog post and referencing it in the future. I am planning on it being a complete guide and will be continually adding to it based on questions I get from readers.


I encourage you to go through step by step and not jump around, as I put it in this order for a specific reason. This is the order I would do things in, and the order that I learned them in.


I will also tell you the story of my rise and fall in the importing industry ? or at least the interesting parts
Click to expand...

Click here for the full guide -

How You Can Make Big Money Importing From China ? The Rise and Fall of My Empire?

I got an incredible amount of questions after this article went viral on Reddit, so I made a follow-up guide.


The follow-up post is focused specifically on finding a good product to import and sell.

Though my last article did help a lot of people, I got a TON of questions from readers asking how to find a good product to sell. Out of all of the questions I got, 90% of them must have been asking for help with some part of the product selection and buying process.

What this means is that I failed to explain this part of the process well enough in my last post; which is terrible, because that is the most important part!


Though I answered everybody?s questions as well as I could, there were undoubtedly many confused people who did not have the time to email me or comment.


I decided to put all the responses I sent to fellow entrepreneurs together and craft them into a (hopefully) beautiful Step-by-Step guide, which you should all know by now I love.


So without further ado, here is the Step-by-Step Guide on How To Find a Profitable Product To Sell?
Click to expand...

Click here if you want to see that -

Step-by-Step Guide on How To Find A Profitable Product To Sell



Hope you guys can find some value in these!
 
Advertise on BHW
China has much more opportunities than any other coutry, but sure with more risks.

If you know the rules, you can make big money.

Hope your guys luck...:cool:
 
I've been looking into this for a few months now. I cant wait to read the blog post. Thanks!
 
SEO_Alchemy said:
Cool will have a look through these. Cheers mate.
Click to expand...

Let me know what you think!

ok888 said:
Whats the start up costs?
Click to expand...

You can get by with $250, but it would be much less riskier with $500-ish to experiment with.

hzwill said:
China has much more opportunities than any other coutry, but sure with more risks.

If you know the rules, you can make big money.

Hope your guys luck...:cool:
Click to expand...

Just trying to learn the rules :)

Thanks.

apexbeat said:
I've been looking into this for a few months now. I cant wait to read the blog post. Thanks!
Click to expand...

Awesome, let me know what you think!
 
I just finished reading the blog post. It was very informative and it left me wanting to learn more. Quick question: what is a good margin of profit percent wise? You really caught the beginning of the airsoft wave. I'm hoping your success wasnt entirely related to finding one great product. Also, I've been considering selling 1:1 quality otterboxes. I have a few samples already. Great quality, but most likely fake.

​
 
I've always wanted to get into ebay/amazon selling and the blog really inspired me. However, as a 16yr old in Australia, I doubt I could take action as I can see that most of the sales will be from US and I am aware that international shipping from AUS to US would be really costly.
 
apexbeat said:
I just finished reading the blog post. It was very informative and it left me wanting to learn more. Quick question: what is a good margin of profit percent wise? You really caught the beginning of the airsoft wave. I'm hoping your success wasnt entirely related to finding one great product. Also, I've been considering selling 1:1 quality otterboxes. I have a few samples already. Great quality, but most likely fake.

​
Click to expand...

Thanks for reading, and glad to hear you liked it. I wouldn't consider any product with less than a 50% margin, which means I sell it for 2x more than my cost. I would look for even higher than that though.

It felt like I was at the end of the airsoft wave :) I do think much of it is due to one good product, that is definitely the most important part.

They are probably fake, but you are on a blackhat forum :p

iManage said:
Really interesting, bookmark'd
Click to expand...

Thanks!

Xictus said:
Interesting reading.
Click to expand...

Thanks!

iManage said:
I've always wanted to get into ebay/amazon selling and the blog really inspired me. However, as a 16yr old in Australia, I doubt I could take action as I can see that most of the sales will be from US and I am aware that international shipping from AUS to US would be really costly.
Click to expand...

Yea, but Australia is a growing market with a great relationship with China. I'd bet there is money to be made.
 
So, please correct me if I am mistaken, you made a lot of money with only one product (the airsoft guns) sourced through alibaba, right?

I understand that the regulations killed that product However what is preventing you of doing the exact same thing but with another product?

Is it harder now with ebay? Do you consider ebay the best way to sell those products ? What about flee markets... Is it possible to make even more money there?

Thanks in advance.

Martin
 
I think there must be some online market places in Australia, you can do this there. And as I know, Australia and New zealand are the biggest milk, baby food and nutrition exportors for China (As recent year, the problems of food,especially baby food, are more and more frequency and important). There is some gold you can dig even you are 16 year, just need to find out.:cool:
 
Dealextreme got alot of products that got premium free shipping to australia, just a tip ;)
 
mxrtxn said:
So, please correct me if I am mistaken, you made a lot of money with only one product (the airsoft guns) sourced through alibaba, right?

I understand that the regulations killed that product However what is preventing you of doing the exact same thing but with another product?

Is it harder now with ebay? Do you consider ebay the best way to sell those products ? What about flee markets... Is it possible to make even more money there?

Thanks in advance.

Martin
Click to expand...

I didn't continue with it at the time just because I was young and didn't feel like doing it anymore. My goal in life is $1bn and didn't need the money, so I went down a different path that I thought would get me closer to that.

I think it is probably a little bit harder now, but I also think that we will be looking back at it in 5 years saying "It was so easy back then!". I never tried Flea Markets, but I did almost try selling to flea market merchants as a supplier to them. Never got around to it before the ban though.

Hope this helps,
Will

hzwill said:
I think there must be some online market places in Australia, you can do this there. And as I know, Australia and New zealand are the biggest milk, baby food and nutrition exportors for China (As recent year, the problems of food,especially baby food, are more and more frequency and important). There is some gold you can dig even you are 16 year, just need to find out.:cool:
Click to expand...

Absolutely. You just need to think about it a little different and find a unique angle in your market. Ever obstacle is an opportunity from another perspective, you just need to find that perspective.

littlemonk said:
Awesome share
Click to expand...

Thanks!

muxmkt said:
Dealextreme got alot of products that got premium free shipping to australia, just a tip ;)
Click to expand...

Thanks for the input!
 
Interesting read, thank you :)
Will for sure think about this.
I never imported anything in my life so far :D
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Networking Downloads

Marketplace

Account Selling Content / Copywriting Hosting Images, Logos & Videos Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Misc

Making Money

Affiliate Programs Hire a Freelancer Making Money Pay Per Click Site Flipping

BlackHatWorld

BHW Merch Forum Suggestions & Feedback Introductions Lounge Dispute Resolution

Other

Domain Name Forum IM Journeys Web Hosting Newsletter
Back
Top