China has developed a reputation as a lead manufacturer when it comes to manufacturing all over the world.
Do you know that over 90% of the products majorly electronics are made in China? even the all-mighty IOS that most people are crazy about are made in China, and I don’t mean the software part of it, just everything that has to do with it physical components is all made in china.
Talk about the automobile, just before cars like Tesla, General Motors and the like decided to venture into auto production, China already has the market when it comes to automobiles.
Major Chinese brands like Toyota, Hyundai, Kia, Lexus, are all made in china.
Bringing this whole ranting to a close, have this at the back of your mind that China produces for the whole world and this one of the major factors behind their rapidly developing economy growth.
Not too many nations of the world understand the power of being self-sufficient to some certain extent, and this is one of the major reason why I like Donald Trump, he understands this strategy, which is why he implemented it in the US, causing a massive boom in their economy than any president in the American history.
Majority of the products in the United States, being hosted on Amazon are mostly created in China for thrice lower the sales price and become inflated when it comes in the United States.
There are so many ways to shop in China, Alibaba.com happens to be the main centre of attraction when it comes to manufacturing.
Alibaba.com is a market place for manufacturers, this is why things are mostly cheaper than on Aliexpress, and other Chinese websites.
This article is going to show you how you can make a huge profit by shopping and reselling on Alibaba.com
Why You Should Start An Alibaba Business.
One of the major factors that drive any business is originality and cost of production, these are the factors that drive businesses in China.
In other words, goods produced in China are unique as compared to goods produced in other parts of the world, and also the cost of producing is way cheaper than all other parts of the world.
Starting an Alibaba business gives you the power to leverage effectively on these two business sustaining factors.
1. It Is Cheaper.
Goods sold on Alibaba are produced from the manufacturer which makes them cheaper to acquire, majority of the products you see on top eCommerce stores such as Amazon, are 10X cheaper when they are bought from China.
2. The profit Margin high.
Just imagine you bought a product at 10X cheaper the market price and sold them in your country or any part of the world you get over 10X profit, just do the math and see how quickly you will build a self-sustaining business without any hassle.
3. You Never Have To Worry About Delivery.
Products ordered from Alibaba are sent all the way from China to a prefered location set by the customer whether be it in Europe, America or even Africa.
China has one of the best flight courier services in the world when shopping you would be asked to select your prefered carrier, you have a wide range of option to choose either you select the official Chinese carrier or you use a foreign courier such as DHL or UPS.
4. You Buy Directly From The Manufacturer.
This is one of the major reasons why I love Alibaba, as stated earlier in the introductory section, Alibaba.com was designed solely for the Chinese Manufacturers, and this is one of the major reasons why product on this platform are cheaper than every other popular Chinese marketplace like Aliexpress, Taobao and this likes.
On Alibaba, you get to see the direct manufacturer, and even interact with him/her before placing orders.
How To Start An Alibaba Business.
It takes more than just regular shopping to become productive with the use of Alibaba.com, trust me there are so many negative reviews about Alibaba, and most of the time it is majorly caused by newbies who don’t know how to use the platform properly.
Starting an Alibaba business requires a lot of background check and safety precaution, most of which is going to be discussed in this section.
1. Do Product Research.
Before deciding to start an Alibaba business, the first step to take is to do effective product research, this activity should answer three major questions which are; What does the market need? would they be ready to pay for it? how quickly can it be made available?
There is nothing more profiting than a hungry market, just imagine bringing in a 1940 typewriter, you don’t expect to make sales from that kind of product because it is not needed, and even if you intend to sell that type of stuff, it would be on a custom order.
There are many ways to do product research, one way is to go out yourself and take a survey of your local market, and the other way round is to look up the internet, you can easily gather this information by using online keyword research tools.
One thing that I also recommend that you keep in mind when deciding on a product is the weight, shipping fee can disrupt your profit when attempting to bring something of a huge weight to sell.
Also, the shipping option for heavy-duty goods is usually carried via boat, which can take a very long time to arrive at the dockyard of your country.
Make sure to choose something light-weight that can be shipped via air.
2. Buy From A Verified Supplier.
Most of the suppliers on Alibaba.com are not legit, they do not deliver what was displayed on the website, a dit would be so foolish to patronize the supplier.
Don’t get scared, there is not total integrity in any system in this world, something would still lag, this is why there should be more room for improvement.
The very crucial step to be taken next is to make sure you are buying from a legitimate supplier, a few years back people make use of customer reviews to be able to buy from a supplier, but the recent update of the Alibaba platform has made it easy for you to identify legitimate suppliers, and this update is called Verification badge.
The verification badge is used on social media platforms such as; Instagram, Facebook and Twitter to identify real personalities.
The same strategy can also be applied when shopping on Alibaba, always make sure to click the verified filter to bring out genuine suppliers from the website.
3. Make Sure That You Buy From Suppliers With Trade Assurance.
Trade assurance is a feature built into Alibaba.com to help build trust between suppliers and buyers.
Trade Assurance covers you during the event of any shipping dispute or related issues. With Trade assurance you get covered if your products are not shipped on time as per the contract with your supplier or Your products does not meet the quality standards as per the contract with your supplier.
With trade assurance in place, you can always request a refund if the product did not meet your expectation.
It has been discovered that most suppliers do not deliver what was displayed on the website, so in an attempt to curb this malpractice and build trust between buyers and sellers, the trade assurance feature was introduced.
You should click the link to learn more on how to trade assurance works.
4. Prepare To Make Payment.
The next step after the above-stated process is to prepare to make a payment, let me assume that you have done your product research, you subscribed to the trade assurance, and you bought from a verified seller, the next line of action is making payments.
So many payment options are supported on Aliexpress, most of which includes; Western Union, Credit cards, Visa or Master cards, Wire Transfer, Boleto, I-Tunes Pay or better still use the Pay later option which allows you to borrow money to shop on Alibaba and pay anytime later, note that this is only available to citizens of the United States.
5. Choose Your Delivery Method.
The final step involved in the completing your purchase is to choose your delivery method, There are just two shipping methods offered by Alibaba, and they include; shipping via the ocean and shipping via air.
The weight and quantity of your goods are largely determined by the shipping method to be used. To learn more about the delivery method offered by Alibaba, click the link to read more.
How To Promote Your Alibaba Business.
It becomes so difficult after you took the pain and stress to bring these products all the way from China, and do not meet up with sales expectations, it even becomes worse if the goods you brought are perishable, and you are not able to preserve it.
Most people even attend seminars to learn about importing cheap products all the way from China only to realise that they cannot sell them.
The million-dollar question now is, How do I sell out my products very fast?
1. Start a Website.
A website can ease the stress of selling, most especially if they are designed to process sales, the best websites to design in such a scenario is called an eCommerce website.
An eCommerce website can help handle sales from the ground up, all you need do is set it up to process requests and receive payment electronically on your behalf, and that settles it.
There are so many hosted platforms that allow you to develop a full-blown eCommerce platform, this is why I wrote this comprehensive guide to help you get started.
- Why Bigcommerce Is The Best E-commerce Solution For You
- How To Start A Money-Making eCommerce Business
2. Use Facebook.
Social Media platforms like Facebook can help you facilitate sales, in such a way that you begin to get orders as quickly as possible.
Facebook is home to over 3 billion people all over the world, with huge engagements every day.
All you need is just a Facebook business page and a basic understanding of how Facebook works for business.
I wrote a comprehensive guide on how to get started with growing your business on Facebook, click the link below to get started.
3. Subscribe To The Use Of Search Engine Marketing( Google Ads).
The search engine can help you showcase your product to targetted customers from all over the world which can generate sales for you.
Placing ads on search engine platforms like Google can help you reach out to targetted customers in just one click, and with a knowledge of keyword research, you will just be fine.
I wrote a comprehensive guide on how to get started with.
4. Use Pinterest.
Pinterest is a great social media platform that allows you to share photos in-form of pins to a huge audience, a link can also be attached to redirect interested user to click to an end website in which shopping activity can be carried out.
Pinterest is purely image-based, and this is why it regarded as one of the best online platforms to market online products.
Pinterest has inbuilt advertising just like Facebook and Instagram, that allows its users to pay to reach out to more people.
I wrote an in-depth article on how to get you started with Pinterest.
5. Leverage The Power Of Email Marketing.
Another very effective marketing channel to market your Alibaba business is the use of email marketing.
If you already have an email marketing list, then you can utilize it to reach out to more people and convert them to leads which can in-turn generate sales.
Email marketing is one sustainable marketing channel that I recommend every online business owner to subscribe to.
I wrote an in-guide on how you can start hacking your way via email marketing today, click the link below to get started.
6. List Your products On Amazon.
Amazon has a programme called Amazon FBA, all it does it allow individual sellers to list their products on Amazon, and also helps with product delivery to the end customers.
All you need do is to drop ship those products to an Amazon warehouse in the US, List them on the websites and the rest is handles on your behalf.
The Amazon FBA program has made so many people online bosses on their own, but one major drawback about this program is that it only permits US citizens, you must be a US citizen to be able to start an Amazon FBA business.
6. Talk To Friends and Family (Word Of Mouth Marketing).
Word of mouth marketing is one strategy that appears to be the weakest and also the most potent of all marketing.
One thing about Word of Mouth marketing is that it establishes trust, and reduces the rate of rejection.
Talk to your friends and family about your business, also tell them to tell their friends and family, cold-call your existing contacts and share those products on your Whatsapp Story and watch the sales come in.
Mind you, this should not be a backup marketing option, you should speed up things with the use of the internet.
One thing I noticed about people who intend to start this business is that they do not do their product research enough to own a winning market.
Make sure you look out a hot-selling product online before placing an order or eventually bringing them to your local country.
Also, make sure that you talk with the supplier to make the necessary modifications to the product. This is one reason why Alibaba outshines all other Chinese stores.
There are so many Chinese online stores, just have it in mind that AliExpress is for retailers, 1688.com is for local Chinese people, and Alibaba was designed for major Chinese manufacturers.
I wrote an in-depth article to help you scale your importation business, click the link below to get started.