Does Importing Handmade Soap Equal Wholesaling?
No. Importing means retailing. In other words,
buying straight from China instead of going to a wholesaler
means you can charge his price-plus. The wholesaler has to stay
in a competitive range with fellow wholesalers. So you get things
cheaper buying from him, but even cheaper than that buying them
for yourself without the middle man. Your profits will be better
for selling fewer products than other retailers.
You could import from China or another country
and sell wholesale too, though importing doesn't have to equal
being in the wholesale business. A wholesaler has to really
deal in huge volume to make a go and be successful. His profit
margin is smaller than retailers. The person buying wholesale
and selling retail has an even bigger profit margin. He can
go from a 150% mark-up to a 900% mark-up. You have become an
Don't race to open a store. Sell at the flea
market, on E-Bay, or ClickBank. You'll need to test your market-so
wait a bit to start importing. Find a good wholesaler. Try selling
a few different products. See what is hot and what is not. See
what they will pay for a good seller. Begin a small business,
buying a few products for sale. Stay small for awhile.
While you are experimenting you'll find out
what sells best, what the best price is, how to present your
goods, and the going rate on products. Watch out for the products
that are more trouble to import-steer clear until later. When
you get about eight thousand bucks saved and have enough experience.
You can then go to China and import for yourself.
by Jeffrey Dorrian