There is an adage which says, in order to make money in any type of business you must sell something. This is the simple formula for any type of business on earth. Be it online or offline business you must sell something in order to make money. Over the years with the advent of internet, many people have been hoodwinked to believe that they can make money on the internet without selling anything. Thats a fallacy, you have to trade something online in order to earn money.
All the wealthy people i know such as Bill Gates, Anil Ambani and Donald Trump are running businesses that provide products and services. So if you are seriously thinking about making money, you need to start selling something. Thats the simple formula for making a living.
Businesses globally have taken advantage of the cheap labour costs in China to buy goods from this country and sell in their countries. China has become the global manufacturing base for renowned brands such as Tommy Hilfiger, Nike, and other top brands. Goods are cheaper in china due to low labour costs and raw materials. You too can join the gravy train and start making money through importation of goods from China.
There are many products you can import from china starting now. You don’t need much capital to start this kind of business. What you need to do is to choose the type of product you want to deal in, then off you go. Depending on your approach, you may want to visit China and meet some of the suppliers before placing your orders. This is an expensive way to start. With the advent of e-commerce, there is no need to go to China as you can place your order with any supplier in China through the internet. However, there are steps you have to take in order to authenticate the genuineness of the supplier before transferring your hard earned cash to them.
There are many bogus suppliers on the internet who are out there to steal your money. Before entering into any relationship with a supplier you need to do carry out proper due diligence on the supplier. I have profiled the steps you need to take before starting your importation business:
1. You have decide what type of goods you want to import from China
2. Identify a supplier and carry out due diligence before doing any business with them
3. Get advice from people who are already importing from china
4. Identify local buyers of your goods
The above steps and other important information is fully covered in my e-book ‘How to Import Goods from China‘. In this eBook i detailed all the nitty gritties you need to know before starting the importation business. It is a detailed step-by-step guide which will take you by hand through the stormy waters of importation business. If you are interested in this eBook, fill in the contact form and i will provide all the details.
About China
The economy of the People’s Republic of China is the third largest in the world, after the United States and Japan with a nominal GDP of $4.99 trillion in 2009. You may be wondering what GDP stands for. It means Gross Domestic Product – which is the market value of all final goods and services from a country in a given year.
It is the second largest after the U.S. with an economy worth $8.77 trillion when measured in purchasing power parity. China is the worlds fastest –growing major economy, with an average growth rate of 10% for the past 30 years. The country’s per capita income is at $3,677 and$6,567. China is the second largest trading nation in the world and the largest exporter and second largest importer of goods.
I will provide some nuggets on how you can get started with low capital in my next post. John Kehoe said ‘Your life is in your hands, to make of it what you choose.’
God bless!!!!
