Are you searching for a way to break out of the daily 9 to 5 grind? Is starting your own business something you have always wanted to do? If you are like the millions of people around the globe that want to start earning cash from home, this article is for you. We have created an entire guide that will help you start earning 2K per month or more by selling Chinese wholesale products. If you have already sourced your products from a supplier and are looking for advice on selling, then skip down to the section titled, “Start Selling Online”.
So many people from around the world have found success with importing Chinese products, selling them in their local economy and online. Some people have even become millionaires by simply selling unique products that people want. This could be you. With enough research, energy and effort, you could be on your way to making thousands every month by importing chinese products. What are you waiting for? Dive deep into this article to get started today.
Get Inspired By Product Ideas
The first step in earning 2K a month by selling Chinese products is to gather a list of product ideas. The best products are usually discovered out of necessity. Start gathering a list of products that inspire you. Think to yourself, what do I regularly use or buy online? Alternatively, you can also think about these two recession proof categories, food and technology. No matter the state of the economy or global market, people have to eat and people need certain technologies to improve efficiency or make their life easier.
Once you have a dozen or so product ideas, you can move on to the research stage. However it all starts here. Take some time to think long and hard about the potential products you want to sell. Also keep the shoe box methodology in mind.
The Shoe Box Methodology
This belief simply states that as a beginning importer, your chosen product should fit inside a shoe box. Why a shoe box? Because, this will help you save money on shipping costs and Amazon FBA seller fees if you choose that route. As you get more experience, you can sell larger products. However, in the beginning, start with items that can fit in a shoe box like cameras, projectors, coffee mugs and etc. There are literally millions of products that fit this parameter, so you won’t have a problem finding a unique product within your size requirements.
Use AmazeOwl To Research
AmazeOwl is a great resource to begin your product research. The free version has all the features you need to kickstart your importing empire. Start by adding your product ideas into AmazeOwl. There are a few critical bits of data that you want to look for.
To help you find a product that you can make money on, look for products with less than 10 sellers on Amazon. This means that the market isn’t saturated and you stand a fair chance of earning some real cash.
Also, you want to search for the comments. Ideally, you want to see a product that has lots of comments and few sellers. This means that people are buying it and leaving comments. You can also read the comments to see what customers don’t like and make sure your product addresses that.
In addition, check the daily sales volume of your product ideas. Look for something that is selling frequently. For example, if your product is selling 20 times per day, between 10 sellers, you can make a guess that each seller is getting around 2 sales per day, assuming the sales are split evenly. If you jump in and become the 11th seller, can you settle for 1 or 2 product sales a day?
You want to look for a product that is selling enough to give every seller 5-6 sales per day and will allow you to make $50-$100 usd daily. Something that looks like this, 5 sellers in the marketplace, 50 total sales a day, thousands of reviews and an average selling price of $10-$15 usd. A product with the above statistics would provide you a great opportunity to enter the market and compete for your spot on the front page of Amazon.
Locate Suppliers and Manufacturers on Made-In-China.com
Now that you know which product you want to sell, it’s time to find suppliers and manufacturers on Made-In-China.com. It’s important that you know the difference between a supplier and the manufacturing factory.
A supplier is a wholesaler what will offer you a lower minimum order quantity (MOQ), but a higher price.
The factory will offer you a lower price, but a higher minimum order quantity (MOQ).
You can begin locating the perfect partner by searching for your product name on Made-In-China.com. You will find dozens of options. Start reaching out to those vendors that have the product model you are looking for.
Remember to be professional and always stay courteous. You catch more bees with honey than with vinegar!
Order Samples
Now that you are in contact with a seller that you feel confident in working with, it’s time to order samples.
Make sure that you order 2 samples to test. This won’t be a complete waste of money at all. Ordering samples allows you to test the quality of the factories merchandise and ascertain if you want to do business with them.
Never order bulk shipments without first testing a sample. This is a quick way to lose money on a faulty or the wrong product.
Once you receive the samples and have approved the quality, you can sell them. Test the market by playing with your prices. Whether you are selling them online or offline, max out the price to see if you get sales. This is a great way to see what your market is willing to pay.
Remember to differentiate yourself from the competition by using creative copywriting. Even if your product is exactly the same as everyone else’s, write your copy as if it is innovative and life-altering.
Schedule Product Inspections
Once you have tested your samples, approved the quality of your product, sold your samples and feel confident in ordering a bulk shipment, it’s time to schedule a product inspection.
This is an especially important step for larger orders. The last thing you want is to receive a shipment of faulty, broken or damaged goods. You will have no way of knowing if that originated from the factory or happened in transit.
A great way to secure yourself and protect your business is to schedule a product inspection from a Chinese company. You will find that the prices range from $150 up to $300 for a single inspection.
The money can be well worth it if you are ordering bulk shipments around $1500 or more. A quick Google search for Chinese import inspection company will yield a number of results. We recommend that you work with the service that is most well reviewed and has a clear and transparent listing of what they will do for you. You should receive a detailed report from any service that includes photos and accurately describes details from your pending shipment.
If you and the inspection service notice any defects or areas you’re unhappy with, the factory will do their best to satisfy your demands.
Save Money By Paying Attention To Shipping
Now that you have your items inspected and ready to ship, the last thing for you to do is to remove any unnecessary packaging or items from your shipment that can increase the weight. Remember that you are paying for every gram loaded onto the airplane.
For that reason, it is advisable that you instruct your factory, supplier or inspection company to examine the packages for unnecessary items. Sometimes things like extra parts, cardboard inserts and other pieces can add unnecessary kilos to your overall shipment. By removing those unnecessary elements, you can sometimes cut your shipping costs by 1/3 or more.
We have heard stories of importers removing things like mounting brackets and spare parts to save sometimes 50% on the shipping cost.
Now It’s Time To Sell Online
Your products have been inspected, paid for, shipped and they have arrived at your doorstep. Congratulations, you can consider yourself an actual importer of Chinese merchandise. Now it is time to sell your products, earn your money and live a happy life.
In today’s time, the best place to sell your product is hands-down Amazon. Amazon stands as your best option due to the sheer number of visitors that are always searching for things to buy.
You have to decide for yourself whether you want to sell as a professional or an individual. We recommend that you start selling as a professional to avoid changing your status in the future.
Once you register for an account, you will have to create your product listings and publish. Take all the time you need and remember to include keywords into your title and product descriptions. Amazon's search engine algorithm will rank your product depending on how well written your description is. Also, remember to rewrite any content that the manufacturer has given you. Undoubtedly, there will be other sellers using the exact same product description that is supplied by the manufacturer. Therefore, to help yourself stand out, never use that description verbatim and always rewrite it in a 100% unique, original and keyword influenced way.
Start Selling Offline
As a backup, you can always sell your products off-line as well. In fact, we highly recommend you sell your products in more than one channel to maximize your profits. Places like Facebook marketplace and other applications like Let It Go are your best options for selling your products off-line.
These platforms already have thousands of people searching for items that you can take advantage of. The Facebook marketplace has become a proven selling ground for many importers trying to offload everything from children’s toys to kitchen supplies and beyond.
Don’t Forget The Power Of Ads
Sponsored Amazon advertisements and Facebook advertisements are the two best options you have when it comes to advertising your Chinese merchandise.
Sponsored Amazon advertisements will get your product in front of buyers as soon as you publish your ad. The sponsored advertisements come in two forms. The first is where you let Amazon determine which search traffic sees your advertisements and the second is a manually targeted option where you physically write the keywords you want to rank for. This means that any shopper searching for your specific keywords will see your advertisement once its published. Regardless of the form you choose, the Amazon ads work on a pay-per-click basis and you only pay for those ads that are clicked on.
Watch Inventory and Ratings Closely
You’re all set. Your import empire is ready to take off. If you have done your product research correctly and are correct in your assumptions about the demand for your products, things will go well. Give it 1 to 2 weeks before your products are fully indexed by the search engine and rank on Amazon for sales to kick in. Now that you’re up and running, the only thing to do is watch your inventory and ratings closely.
It is very critical that you look at your available inventory and pre-order items before you run out. The industry standard dictates that you order more supply when you have only 30% of your stock remaining.
In addition, it would behoove you to offer an incentive for customers to review your product and leave positive feedback. There are many schools of thought when it comes to offering incentives for reviews.
However, the highest converting incentive is always going to be a free gift. In the beginning, you can make a small investment to offer a free inexpensive gift to customers upon leaving a positive review. But once your product begins to start having more than 30 to 40 reviews, offering a free gift is not necessary. You can dial back that incentive to a simple message that states, “we appreciate your business! Please don’t forget to leave a review if you enjoyed your purchase.”
There you have it. A comprehensive guide on how to increase your earnings to 2K per month using imported Chinese goods. Don’t skip the steps! Take your process seriously and you will be sure to achieve success.
