How To Buy Goods From China And Sell Online - Make Money Hacks

Source: DHgate, Tag: E-Commerce Tips

Making money can be easy, all thanks to the Internet and China – a land of manufacturing that makes most of the world's consumer goods.

• Shopping wholesale from China and reselling products to end customers can be a very profitable business. Online selling is the new trend of doing business in the present day. Despite the tough competition, you can earn money by doing business on your own website.
  You can also earn money by selling on the already existing websites that are created to be consumer and retailer marketplaces. Buying wholesale from China allows you to buy low-cost merchandise and resell them online to get a higher price. Basically, reselling products from China allows you to get more profit than making products yourself or sourcing them locally.

• Can you make money buying goods from China and selling them online? Yes! It’s already being done by many people around the world. I bet you already know this, and you are also considering making some money this way. It must be the reason why you are asking how to buy goods from China and sell online.
  Buying and selling is the new way to do business. It's a common practice to import goods from China and sell them online. In fact, this is how e-commerce companies like Amazon, eBay, and Alibaba make their money. You just need to know how to buy goods from China and sell online. This article shows you how to do just that in simple steps, along with a few tips.
  Deciding on the best way to Sell Online
  There are many ways to sell online. It all depends on how much money you want to invest and how much time you want to dedicate to selling online. It also depends on your target market. Whichever way you approach it, the fact is that you need an online store, or simply a place to sell your stuff.
  Use your own Website
  You can create your own online store and sell directly to your customers. This is the most profitable option, but it requires the most work. You need to build a website, market your business and take care of shipping and returns. If you are not on a budget, you can create your own online store from which you can sell goods you will have purchased from manufacturers and suppliers.
  It’s better to use your own site if you're selling unique products not available elsewhere then. It is the best way to cut out the middleman. However, you have to be good at marketing.
  All in all, creating your own website earns you more profit because you can keep all the money for yourself.

  • Use an Online Marketplace

• Another option is to use an existing marketplace such as Amazon, Etsy, eBay, Craigslist, and many others. This is a lot easier because the platforms handle everything for you including payments, marketing, and customer support. The downside is that you won't make as much money because these companies take a percentage of each sale.
  If you're selling products that are already available on already existing e-commerce websites, then it's best to use those sites since they already have traffic.
  Using an existing platform is also a great option for business people who are worried about getting overwhelmed by running their own website.

  • A Combination of All

• Alternatively, you can have your own online store and also use existing marketplaces to reach an even larger audience. You can also still take advantage of social media platforms and sell goods to those who have subscribed to your Facebook page.
  Finding the Right Products in China
  The first step to buying products from China and selling online is finding the right product(s). Before you can start sourcing suppliers, you need to decide what it is you're going to buy. After all, to know how to buy goods from China and sell online should begin with identifying if there is demand for specific items among online shoppers.
  The right products are those that are in demand. They should not be too expensive. So, how do you know the right products to buy and sell online? The best way to do this is by doing some research into what people are looking for online. You can use Google Trends or even just search the web for "best products to buy from China" or "best products to sell on eBay, Amazon, and other popular retail sites. One thing I like about these websites is that they offer suggestions of what people are searching for based on your search terms. So if I typed in "best products", I might get suggestions like "best-selling phones" or "best-selling books."
  Look at the best sellers on popular platforms like Amazon and eBay. These are the products that people want to buy. But try not to sell the same thing as everyone else. Find something similar with a lower price, higher quality, or better branding.
  Remember, you're going to be marketing these items. The more you know about an item, the easier it is to market it. Choose something you like and can talk about for hours because eventually, you will have to. Just make sure that there's enough demand for it online.
  Choosing a Supplier or Two in China
  It's easy to get overwhelmed by the number of suppliers. You can find almost anything you want on DHgate, and naturally, you'll want to buy a lot of things. But don't do that. Instead, try to find a few specific items that you like a lot, and focus on them. After all, you had already identified the items that are on demand. You had already decided which items you would want to sell on your own online store or on the existing e-commerce sites.
  Sites like DHgate are good for finding potential suppliers for a given product, but you still have to evaluate each supplier individually. If a supplier is good enough, they may have their own site where they sell directly in your country (in which case why bother with importing?). But if not, then note their shipping terms. If they charge by weight or volume, then lightweight low-volume items are better than heavyweight high-volume ones. If they charge by value then cost is more important than weight or volume. And if they offer free shipping worldwide that's obviously best of all.
  There are many ways to find suppliers, but the best is to start with a supplier directory like Alibaba.com or GlobalSources.com, or DHgate.com. There are good reasons why most people choose to search for suppliers on DHgate.com:

  • This is where all suppliers go to advertise their products and services, so it's the perfect place to start your search.

  • The site allows you to search by product type, company name, and even location

  • You can also narrow down your search by selecting minimum order quantity requirements, acceptable payment methods, and types of suppliers (manufacturer/trader)

  • DHgate.com is only for Chinese suppliers. So, there is no need to filter out non-China suppliers. This makes it very convenient.

• When browsing DHgate and other trade sites, don't just choose the first supplier you find. There are usually a few suppliers offering similar products and prices. By talking to several suppliers, you can get a better sense of who is established and reputable, who offers the best price and service, who has the widest selection of goods, etc.
  When evaluating potential suppliers:

  • Check if they have any certifications that may be important to your target customers (e.g., FDA or REACH).

  • Inquire about their minimum order quantity (MOQ) and whether they take small orders.

  • Look at their manufacturing capabilities and see if it meets your needs or requirements.

  • Read their customer feedback or reviews to see how others view them.

  • Look at the quality of their website, business cards, email communications, etc.

• Communicating with Potential China Suppliers
  Once you've found a few potential suppliers on DHgate, it's time for the fun part – communicating with the suppliers.
  Most of the suppliers on DHgate are located in China. Therefore, it's very likely that you will have to communicate with them via email. For that reason, you need to make sure that you have a professional email address, such as one that uses your domain name.
  In addition, also make sure that you have a professional voicemail message set up on your phone number, as they might be calling you.
  You should treat your communication with suppliers as to how you would communicate with any new business partner or customer. Be polite but firm and clear about what you expect from them. In addition, make sure that you tell them about the order quantity for your first shipment and ask for their price quote for it.
  For effective communication with the supplier, do the following:

  • Provide detailed information about your products

• To ensure that your supplier understands exactly what you want, it's important to give clear instructions about the product(s) you're looking for. For example, if you're looking to purchase 100 custom leather handbags, make sure the description is as detailed as possible (e.g., size of the bag, type of leather used, number of pockets inside the bag, etc.). The more specific your instructions are for each product, the less likely something wrong (or unwanted) will be delivered to you.

  • Communicate slowly and clearly

• Always remember that English is not the first language of these suppliers, so be patient when communicating with them. You'll want to take your time and make sure everything is clear and understood by both parties before moving forward. If it comes down to it, you may have to speak with several different suppliers before finding one that you can work with efficiently and effectively.

  • Ask all the important questions

• There are a lot of things you need to be clear about. The following questions will help you get clarification from the supplier:

  • What is your minimum order quantity?

  • Do you accept PayPal? (If not, are there any other payment methods that are secure?)

  • How long is your production lead time?

  • Can I get samples before I place an order?

  • Are you able to ship my order directly to my customers?

Getting samples and testing them out yourself firsthand
Once you've found a supplier that has great products at an unbeatable price, it's time to get samples. Get samples delivered to you and test them out yourself firsthand. Check to confirm that the products delivered to you are what you plan to market and sell. You need to be sure of their quality, effectiveness, and durability before you start selling them online.
Validating if the Product is Salable and Profitable
You might know how to buy goods from China and sell online, but that alone won’t make you money. You need to start doing it and see if it works.
So, if the samples you have received from your potential supplier meet your quality expectations, you should first test if they can sell online. Sell the product on eBay or Amazon, or any other site first, to validate how saleable they are. It is also a great way to test the profitability of your product before you can buy in bulk from the supplier. If you are using your own website, post the products on your own online store and social media pages.
Buying in Bulk and Re-Selling Online
If it's profitable, buy in bulk and re-sell online. You can now go ahead and purchase 100 0r 1000 pieces and more.
Frequently Asked Questions
What products should I sell?
This is a very broad question that can be answered in several ways. The most important factor to consider is your target market. You want to sell products that will appeal to your target market, who are people who need or want the product but cannot find it locally. You also want to sell products that customers can afford, so specifying a price range for your potential customers is a good idea.
How much money should I be making per Sale?
It’s hard to give an exact number, but as a general rule of thumb, you should be looking to make at least 50% profit per item sold, while keeping your price competitive so it will sell.
How do I find Suppliers?
There are several ways to find suppliers, but the best way is through DHgate's supplier network at https://www.dhgate.com/. It is free to use and has thousands of manufacturers and distributors listed from China and many other countries around the world.
Who can sell Goods from China?
Anyone can sell goods from China. It is not difficult to start selling products online and make a profit, the only thing you need is to know where to buy goods at wholesale prices. The main idea of this business is that you buy goods in China at low prices, and then sell them online in your country at a higher price.
What is the Minimum Order Quantity (MOQ)?
Answer: Most suppliers have their own MOQs, generally it is 500-1000pcs for most products. But some suppliers, especially for apparel and fashion accessories, have much lower MOQs like 50-100pcs.
Conclusion
We have discussed a few of the very basics and important tips regarding how to buy goods from China and sell online for entrepreneurs who want to start this kind of business. There are many other aspects too that one needs to consider when venturing into the business of selling china online goods. Some of these aspects include the customs clearance, license needed, payment terms and conditions, marketing, and a lot more. As we said earlier, the main point is to get the best possible product at the lowest price. It requires good market research and sourcing strategy.