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|Tuesday September 28, 2010|
Back in May, we released our China Wholesale Trader program. The response from Early to Risers eager to use the Internet to tap into the power of the import/export market was tremendous.
But we wanted to make sure everybody had the chance to learn exactly how the Internet import/export business works. So today, we're reprinting an article by Marc Charles, the originator of The China Wholesale Trader program, with all the details.
"Business is not financial science. It's about trading: buying and selling."
Anita Roddick, founder of The Body Shop
The Almost Perfect Business for Entrepreneurs of EVERY Shape and Size
China exports over $1 trillion in goods each year. And that makes it one of the great new opportunities of the 21st century for entrepreneurs like you. But you need to understand how the game is played.
Introducing the $6 billion Internet Goldmine...
I'm talking about a website that has become the largest and most successful import/export marketplace in the world. It boasts more than 25 million members in 200 countries. The company has offices in more than 30 cities in China (including Hong Kong), Europe, and the United States. And it was listed on the Hong Kong Stock Exchange last year.
More important, it gets monster traffic from importers and exporters. It is a much more targeted eBay. Essentially, entrepreneurs are connected to manufacturers and wholesalers overseas, mostly in China. You can import (or arrange for the drop-shipping of) thousands of different products for pennies on the dollar and sell them at a huge markup online.
Here's what the company founder said in a recent interview:
"Our focus is on helping small- and medium-size companies make money.... It has to be 'click and get it.' If I can't get it, then it's rubbish."
How You Can Make Money With This Internet Goldmine
One of the fastest ways to hit the ground running and start making money with this site is to understand which products are already moving quickly. The next step is to determine which aspect of importing and exporting works best for you.
My focus today is on importing products that have the greatest demand and reselling them on the Internet for profits of 100 percent, 200 percent, 300 percent, or more.
The best way to find out which products are in demand is to review the "hot products" section on Google Product Search (under the Shopping tab on Google's home page). There you will see a list of items recently searched for -- and purchased -- by consumers. Other resources for identifying hot products include eBay, Yahoo! Shopping, Amazon.com, Overstock.com, and Newegg.com.
And don't forget our old friend Mr. Walmart. Whatever products you see listed on the main page of Walmart's website are probably selling like hotcakes.
(As you're probably aware, most of the products for sale at Walmart are imported... from China.)
The site I'm introducing you to provides a marketplace for -- and facilitates the buying and selling of -- products like those. You will meet qualified buyers and sellers and reach agreements on pricing, delivery, insurance, and even storage (if necessary).
The profit potential of selling imported products on the Internet is staggering. And when you stick with products that you can move quickly, you don't have to worry about carrying a large inventory and keeping your shelves stocked. (In some cases, you have to purchase them in bulk -- but not always.)
Start out small and grow from there.
There are hundreds of ways (and places) to sell products on the Internet. The easiest (and least expensive) way is on sites like eBay and Amazon.com.
When you sell on these sites, you don't even need your own website. (Most entrepreneurs miss this crucial point.) So don't get all tied up in knots trying to design the "perfect" site before you get started in this business.
All you have to do is list your products on one or all of these online marketplaces. You can customize your listings so they stand out. You can even feature your products on the front page of these high-traffic sites for a small fee.
You can always open an online store once you get going. An online store would enable you to offer hundreds of items on one website. And by including a simple search feature, your customers will be able to find the products they're looking for quickly.
Having an online store may be more involved than just listing your products on eBay and Amazon.com. But don't let the technical aspects scare you away. Opening an online store is super-easy! I opened one on eBay in less than 30 minutes.
Believe me when I tell you that you can do it.
Go to Google Product Search, Amazon, Yahoo! Shopping, and eBay. Make a list of their top 10 bestselling products. This will give you an idea of the size and scope of this huge market.
Then check out The China Wholesale Trader program to get all the details on the Internet Goldmine and how to start your own import/export business online with very little start-up cash. I also give you tips and tactics for finding and negotiating with manufacturers using this site, marketing your business on the Internet, and much more. Check it out here.
[Ed. Note: Marc Charles is often referred to as "The King of Business Opportunities." He is a regular contributor to Early to Rise and The Liberty Street Letter. He's written dozens of bestselling e-books, courses, and special reports on business and moneymaking opportunities. He recently launched The China Wholesale Trader.]
"He drives it in with one blow."
"Clayton Makepeace not only hits the nail on the head in his article 'Advertising, Schmadvertising,' he drives it in with one blow. I've been in the 'advertising' business as a small agency for more than 35 years, fighting the same idiocy he so eloquently writes about. I've been sick to my stomach living with what passes for marketing for the past 20 years.
"Who are these people that sign off on frogs selling beer and so on throughout the corporate world? Apart from the points Clayton makes, these are the same people we taxpayers bailed out because of their inability to run a company. Every time we see such advertising, we should jab ourselves in the ribs as a reminder."
Today's Words That Work: Disconsolate
Disconsolate (dis-KON-suh-lit) -- from the Latin -- means hopelessly unhappy; without consolation or solace.
Example (as used by Cathleen Schine in The Three Weissmanns of Westport): "Now she ordered her meals from every Tribeca restaurant that delivered, answered the door in her nightgown, paid with a credit card, and shuffled back to bed. Her slippers slapped disconsolately against the highly polished wood floors."
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