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Offline business - Re Selling modern furniture from China?

Discussion in 'Making Money' started by sarger604, Apr 26, 2012.

  1. sarger604

    sarger604 Regular Member

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    hi all.

    Was enjoying an easy $700 per month offline cash profit from sports merchandise but now that the season is over time to look into new products for the summer until next season.

    Just wondering if anyone imports modern looking furniture from china to re sell?

    quick search on alibaba found this supplier

    hxxp://yadea.en.alibaba.com/product/446724159-212192769/Lem_Piston_Stool_bar_chair.html

    Can get that chair for around $30 plus shipping

    I see people in my local city selling these for $120 with a 10 day wait time for shipping. I can offer this at $100 pickup right away if i import a bunch for a profit around $40-$50 per chair.

    I live in an apartment with a big deck and can probably store 20 of these there at a time

    Contact me if you wanna throw some ideas around or if you are already doing this. Dont worry this is a local city idea for me so no chance this can get saturated
     
  2. samuraijack

    samuraijack Newbie

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    Isn't there a minimum order requirement on Alibaba? I would think you would need to purchase like 50 at a time. Stuff from them comes on a ship, so you'll have to find a truck to get it delivered from a sea port to your destination. Also, you should get a sample chair delivered before you order a ton of these just to check the quality.
     
  3. verial

    verial Junior Member

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    As I live in Asia, I have experience with this topic first-hand. What I can say is that you've chosen a good product. Furniture is largely subjective, as it is an artform. This means that the more "Asian" it is, the more likely Westerners are to feel it's valuable. I can often make 10x what I spent on the product.
     
  4. sarger604

    sarger604 Regular Member

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    after speaking to a bunch of suppliers, decided this was not the product for me. The posters above are correct with points made.

    There is good money to be made in this area, but it would take a starting investment of around $4000-$5000 and more time then I would be looking to spend.

    Minimum items needed to profit in this area:

    access to truck/transportation to haul goods from port to your storage area - try to borrow from friends/family or rent - $80 per day

    Storage space to store everything, my original thinking was store these chairs on my condo deck - NO CHANCE. To do this properly and profit you need space. U store it rental - $100 per month

    Inventory. There is a minimum quantity to order. Most suppliers will do 5 or even send you a sample. Sound easy? invest $50 chairs x 5 plus a bit of shipping and you are good to start banking? NOPE. To get a sample of one chair for example will cost you around $200 in shipping alone plus the product. To fill a shipping container and get your price low enough to pull a profit you will have to buy around 50 chairs that are all boxed. Shipping for a container will run around $1500-$2000 alone.

    Taxes, import fees blah blah blah - % of your goods

    all in all, about $4000-$5000 investment to get properly started, some recurring bills and some work to be put in. Hopefully this info is useful to someone out there.

    for me its on to the next one.... women's shoes... we have an annual designer shoe sale in the province of the country i live in at a store. This annual sale is so epic women, yes women of all ages camp outside at 4am to make the store opening at 8. It was last week. I was there with my gf and women were seriously fighting over styles and sizes, it was ridiculous. Its normal for them to go home with 10+ pairs in an hour. Its a massive market and women just can never have enough shoes.

    again any interest in this area or wanna throw some ideas around pm me. I've started talking to some suppliers this weekend and from my rough initial costs this can be started up with around $1000-$1500 investment and no recurring costs with about $20 coming back into your pocket from every pair sold. But with much less time spent than on furniture