Alibaba is the worlds largest B2B online platform. Hosting millions of merchants and users, it is has a wide array of products raw materials to beauty products, motorcycle parts and accessories and even unbranded cellphones. And since you get to buy directly from manufacturers, prices are the lowest they can get. To give you an idea of the prices, below is a screenshot from the website.
But of course this is just part of it. The other part is getting them here in the Philippines. Average cost per kilo of air freight is about P1,500. So let's take for example we purchase 1 kilo worth (about 100 pcs) of the first item. 100pcs x P30.20 is P3,020. Then we add shipping cost of P1,500 so total cost of goods plus shipping will be P4,520. We now take that number and divide by 100 pcs which will be P45.20 each. If you can them for P80 each, that still gives you a gross sales of P8,000 and a profit of P3,480. You almost doubled your investment for cost of goods.
But there is even a better way of doing it.
You buy the item.
Send it to our warehouse in China
And we'll bring it here on our air plane for only P720 per kilo
Once it arrives you can get your items at the airport or send them to you*.
With our method, you can earn a profit of P4,260 (22% more). And if you're worried about Minimum Order Quantity or MOQ, from our experience, everything can be negotiated as these companies are not just looking for a one time sell but to build a relationship with you.