How to make a lot of money importing from China? (1/3)

Today I bring you a story that I found very interesting, He has translated it and here I leave it for you, I have divided it into three parts because it is very long.

By Will Mitchell

The biggestíof you probably don't know this, but one of the first profitable companies I came acrossé was an import company. Since the 13 añuntil the 16 años, imported a lot of random stuff and then sold itíon various websites. It was very difficultícil when i was starting, partly due to my lack of experience, and partly due to the fact that there were noínobody thereí to help me.

Talking to my friend Devan Earle yesterday, he told me he was thinking of going into the import business.ón.

our conversationóIt didn't make me remember how impossible it seemedía to mí when i startedé, and witháso many doubts you haveíto solve…
¿Dówhere are the providers? ¿Cóyou don't know what you're going to sell? ¿Cóhow you can eliminate the risk of scams and sendíthe onesñok? ¿Dówhere to start the investigationón?

our conversationóIt didn't get so deep that I decidedí expose it in a blog. Así that this is going to be bácertainly a guíto what I will doía, Step by Step, if I started again in the importationón of products from Asia to sell them on the internet. Spaghettién includeé some ideas about what made me choose these steps and I will tell the story of my ascent and my caíin the import sectorón

You have to understand that getting into this business is risky. Dealing with companies like thisáticas is very, very different from dealing with americans. If you go into this without knowing that there is a great deal of risk, probably finishá con 1.000 dólares on iPhone, 2 knockoffs in your garage, O 1.000 dólost homes…
Having said that, if you are careful, understand what isás doing and knows what to avoid, you can earn money with a relatively small amountñto work.

understand what isá doing, As with any other project you areés trying, asegúmake sure you have an understandingón very clear what you are going to do before you get into it. As I said before, if you are not careful, it is very fáeasy to end up with an absurd amount of product inútil you're never going to sell. TodavíI have a bag of imported garbage inútil I've never been able to sell, that probably shouldíto throw…
What we are trying to do hereí is the next:

1. Find a good product. This is the first step, comparing niches is quite fácil y ráI ask.
2. Find a good supplier. There are many great providers in all niches, but some research is neededónot to find them (along with a bit of luck), But there are some things you can do to avoid scams and increase your chances of finding a good provider.
3. Sell ​​and build. afterés of having a good product and a good supplier, sóyou have to start selling it. If it were me, leverageíto existing sales channels (eBay, Amazon, etc) both to sell my product and to build my own repeat customer base.

Things you should not do

• Do not buy large quantities of products at fáfactory until you have your samples in your hands.

• Don't let any vendor who can't ship individual samples convince you, Eastán trying to scam you.

• Do not pay with any other means than Paypal, for at least the first six months with your provider. This eliminates a lotívery risky.

• Don't buy from a company that doesn't accept PayPal. What it really means is that you haveía PayPal account and was closed due to complaints.

• Don't buy fake shit. Not that I can't make money out of it, it isówhat a bad business to build in the long run.

• Don't buy a large amount of inventory at first. I startedé shopping 1-5 units at a time until you buildí the money to reinvest.

• do not give to providers your personal email. The emailóunique beingá bombed inútibly during años, confíto in meí.