3 Tips for Choosing a Product to Import from China for Making Money
So you want to make money by selling products imported from China. Where do you start?
Many have found success in international business by importing a product from China and selling it here in the U.S., but they didn’t just luck into importing success. Careful planning goes into businesses that make money.
Businesses make money by selling products. If you’re going to be a successful importer from China, the first thing you have to do is choose the correct product to import and sell.
Here are 3 tips for choosing that product.
1 – Find a Product You Can Ship in Large Quantities
You want to ship your product in high quantities. This cuts your costs. If you have to ship your products one at a time from China, you’re operating at a high cost.
The more you can get in a single shipment, the more it cuts down on your costs and increases your profits per sale.
2 – Find a Product You Can Sell at a High Price
I can speak from experience on this one. Before writing blogs for Universal Cargo Management, I had an upstart business where I sold books.
The number of books I sold was in the hundreds. The books didn’t sell at high prices. The money that came in from them managed to break into the thousands, but it was hardly enough to cover what I paid for the books plus my operating costs.
Now if I sold hundreds of a product at the price of $1,000 or even $500, the money coming in would have been in the hundred thousands. I would have had to sell tens of thousands of books to do that.
Look for a product that gives you a payoff selling less quantity.
3 – Find a Product You’re Passionate About
You are much more likely to be successful if you’re passionate about the product you are selling.
Passion is infectious. You don’t have to be the world’s greatest salesman; when you’re passionate about something, your passion helps you sell it.
If you’re importing something you don’t care about, it will probably be difficult for you to get others to care about it and buy from you.
Passion will keep you motivated to work on your business, give you a leg up on your competition, and make you more attractive to potential customers.
If you’re ready to import your product from China now, contact us here at Universal Cargo Management for a free freight rate quote.
If you want to read more on the topic of international shipping, we post two blogs a week here at UniversalCargo.com. And Janey from Jingsourcing recommended her company’s blog post “Revealing Secrets of Best Products to Import from China” as more reading to help you pick products to import from China