Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
05-26-2015, 07:07 PM
Happy to be of help
Quote: (05-26-2015 08:21 AM)samsamsam Wrote:
Quote: (05-26-2015 12:30 AM)Vacancier Permanent Wrote:
Yeah I've heard both, selling the first 1-200 units at heavily discounted rates and giving them away.
Nowadays, there are podcasts on pretty much any topic out there. Earlier tonight, did some search and found quite a few on Amazon FBA and starting to listen to a few.
Guys, start listening to podcasts, there are a good mine!
Maybe a couple of podcast links please? Just to get started. Thanks.
Quote:Quote:
New to the forum. First, I'd like to say thanks...I lurked for around a year and during that time I was able to unplug from the matrix. During that time, I:
1. Took a $9/hour job (security, so I could work on side projects or sleep) on top of my office slave job, effectively working 24 hours per day to fund an online affiliate marketing business.
2. Managed to crack the code, found a winning campaign, and banked about $500k after taxes in a few months before the campaign died. (I have not been able to get anything to work since)
3. Rolled the money into rental real estate in one of the best markets in the nation, acquiring 30 units rapidly before killing my job.
4. Did some mind-expanding traveling, reduced bodyfat from 20%+ to 8% and started a healthy lifestyle with the newfound free time and disposable income.
5. After a few months got a $200k/yr job in the oilfield with no experience thanks to Atlantic's thread. Drove to HQ and knocked on doors.
Quote: (05-31-2015 06:25 AM)BallsDeep Wrote:
You get the Gold Label by paying Alibaba, it's nothing more. It costs 5000RMB a year.
Guys, the real money is made by actually being in China. The majority of vendors on Alibaba are traders, not factories, despite what they may claim.
Why you ask? Because a factory may produce anywhere from between $5million-100million worth of product annually. Their job is to produce quality product at the lowest possible price. They only care about supplying by the container. They don't have the time nor the interest to chat on Alibaba all day with guys who are kicking tires about possibly buying 50 cell phone chargers. That's what traders do.
The problem with traders though, is they'll hike up the price anywhere from 30-100% of what the factory charges them. In addition, they're also your competition on ebay and amazon. You know the guys on amazon who have the cheapest price but it says it ships from China? Those are the same traders you're buying from on Alibaba.
As far as shipping directly from China to the Amazon FBA warehouses.... I call bullshit. Any marginally large shipment that comes into the US has to go through customs. Who's going to do that for you?
Bottom line, there's plenty of money to be made, but it's not done by a couple of clicks and boom, your product's in the Amazon warehouse.
Germanico, if you have any questions I can help you with, shoot me a PM. The most lucrative items I've found are ones that you craft yourself. When only one factory has the molds, instead of thousands, it prevents competitors from shooting down the price and killing your business.
Quote: (05-31-2015 06:25 AM)BallsDeep Wrote:
You get the Gold Label by paying Alibaba, it's nothing more. It costs 5000RMB a year.
Guys, the real money is made by actually being in China. The majority of vendors on Alibaba are traders, not factories, despite what they may claim.
Why you ask? Because a factory may produce anywhere from between $5million-100million worth of product annually. Their job is to produce quality product at the lowest possible price. They only care about supplying by the container. They don't have the time nor the interest to chat on Alibaba all day with guys who are kicking tires about possibly buying 50 cell phone chargers. That's what traders do.
The problem with traders though, is they'll hike up the price anywhere from 30-100% of what the factory charges them. In addition, they're also your competition on ebay and amazon. You know the guys on amazon who have the cheapest price but it says it ships from China? Those are the same traders you're buying from on Alibaba.
As far as shipping directly from China to the Amazon FBA warehouses.... I call bullshit. Any marginally large shipment that comes into the US has to go through customs. Who's going to do that for you?
Bottom line, there's plenty of money to be made, but it's not done by a couple of clicks and boom, your product's in the Amazon warehouse.
Germanico, if you have any questions I can help you with, shoot me a PM. The most lucrative items I've found are ones that you craft yourself. When only one factory has the molds, instead of thousands, it prevents competitors from shooting down the price and killing your business.