{"id":86514,"date":"2022-05-09T14:08:01","date_gmt":"2022-05-09T06:08:01","guid":{"rendered":"https:\/\/jingsourcing.com\/?p=86514"},"modified":"2025-01-03T15:12:59","modified_gmt":"2025-01-03T07:12:59","slug":"bg-make-money-by-importing-products","status":"publish","type":"post","link":"https:\/\/jingsourcing.com\/bg-make-money-by-importing-products\/","title":{"rendered":"Reviewing 5 Simple Ways to Make Money by Importing Products for Resale"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"86514\" class=\"elementor elementor-86514\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-9aaf535 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9aaf535\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f32414c\" data-id=\"f32414c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eaa0a10 elementor-widget elementor-widget-text-editor\" data-id=\"eaa0a10\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<blockquote><p><em>By Haley Osborne<\/em><\/p><\/blockquote>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-1ffc5db elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1ffc5db\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bdd05d4\" data-id=\"bdd05d4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1159876 elementor-widget elementor-widget-text-editor\" data-id=\"1159876\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Selling products is one of the most profitable methods on <a href=\"https:\/\/www.hostinger.co.uk\/tutorials\/make-money-online\/\">how to make money online<\/a>, but many businesses struggle to source high-quality products locally. This is where importing comes into play, helping companies expand their supplier and resource options.<\/p><p>Although an import business seems complicated and intimidating, the results can be highly profitable when you follow the right strategies and steps.<\/p><p>Keep reading to understand the benefits of importing products and five practical steps to start your retail business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-deecfae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"deecfae\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a0e47ed\" data-id=\"a0e47ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c5dde37 elementor-widget elementor-widget-heading\" data-id=\"c5dde37\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why Choose International Trade?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d0eee9 elementor-widget elementor-widget-text-editor\" data-id=\"2d0eee9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Here are three primary reasons why sourcing products from overseas is a great option to make money:<\/p><ul><li><strong>Better prices.<\/strong> Importing products from countries with lower production costs helps businesses cut expenses, especially when sourcing wholesale.<\/li><li><strong>Unique products. <\/strong>This business model offers companies manufacturing capabilities and materials that may be unavailable domestically, making them stand out from the local competition.<\/li><li><strong>More suppliers.<\/strong> Businesses can choose to partner with multiple suppliers worldwide, helping them access a variety of resources.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e915ce elementor-widget elementor-widget-heading\" data-id=\"9e915ce\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Choose Your Product and Target Market<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5edc01d elementor-widget elementor-widget-text-editor\" data-id=\"5edc01d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The first step in building an importing business is conducting product and market research.<\/p><p>Start by keeping track of industry influencers and reports to understand market trends. Sites like <strong>Statista<\/strong> and <strong>CB Insights<\/strong> are a good starting point. If you have certain products in mind, review the market size and existing competitors to estimate demand.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a20251c elementor-widget elementor-widget-image\" data-id=\"a20251c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"624\" height=\"296\" src=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/02.jpg\" class=\"attachment-full size-full wp-image-86650\" alt=\"statista market insights\" srcset=\"https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/02.jpg 624w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/02-300x142.jpg 300w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/02-200x95.jpg 200w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/02-400x190.jpg 400w, https:\/\/jingsourcing.com\/wp-content\/uploads\/2022\/05\/02-600x285.jpg 600w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7503f64 elementor-widget elementor-widget-text-editor\" data-id=\"7503f64\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For inspiration, here are three types of products you can import and resell:<\/p><ul><li><strong>High-demand products. <\/strong>Leverage current trends by selling items related to them. An example is importing products from Korea to countries with a robust K-pop fanbase.<\/li><li><strong>Items that sell consistently.<\/strong> These include beauty and personal care products, and everyday household items like air fresheners and cleaning supplies.<\/li><li><strong>Unique products from other countries.<\/strong> Examples are French perfume and Scandinavian home accessories.<\/li><\/ul><p>We recommend choosing small products to begin with to maintain high-profit margins, as shipping big items like furniture and home electronics can be costly.\u00a0<\/p><p>After conducting product research, determine a specific market to narrow down the target customers. For example, business owners can choose to target restaurants or individual home cooks to sell kitchen utensils.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7018292 elementor-widget elementor-widget-heading\" data-id=\"7018292\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Find Suppliers<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17b43c3 elementor-widget elementor-widget-text-editor\" data-id=\"17b43c3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Once you list the potential products and target consumers, it is time to find the best suppliers.\u00a0<\/p><p>Here are some useful methods when searching for a supplier:<\/p><ul><li><strong>Contact a factory. <\/strong>Directly sourcing products from a manufacturer help you get the lowest prices. <strong>Global Sourcing Specialists (GSS)<\/strong> is a great resource for finding a factory overseas.<\/li><li><strong>Find a trading company. <\/strong>They source products from multiple factories and sell them to foreign businesses. These companies generally offer various products and lower minimum order quantities (MOQs), but at higher prices than the first option.<\/li><li><strong>Browse wholesale distributor directories. <\/strong>Some popular wholesale supplier directories are <strong>SaleHoo <\/strong>and <strong>Worldwide Brands (WWB)<\/strong>. If you\u2019re looking for Chinese suppliers specifically, <a href=\"https:\/\/jingsourcing.com\/b-how-to-buy-from-alibaba\/\">Alibaba<\/a> is a popular platform. A good rule is to only source from merchants with a \u201c<a href=\"https:\/\/jingsourcing.com\/b-alibaba-verified-supplier\/\">Verified Supplier<\/a>\u201d label.<\/li><li><strong>Attend trade shows. <\/strong>This method is a great way to see products in person and meet different suppliers at once. However, it may cost you extra travel and entrance ticket expenses.<\/li><\/ul><p>A good supplier should be able to provide client references, business licensing details, a physical address of the business, and compliance information. Consider also reading customer reviews to verify the supplier\u2019s reputation.<\/p><p>You may also need to check their background and ensure they align with your business goals and principles. For example, some factories have poor labor practices, so this should be a red flag if your company values fair trade.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-a1d9fd0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a1d9fd0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-77c5c88\" data-id=\"77c5c88\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1f419d9 elementor-widget elementor-widget-heading\" data-id=\"1f419d9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. Make the First Order to the Supplier<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-956a3bf elementor-widget elementor-widget-text-editor\" data-id=\"956a3bf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>After getting responses from potential suppliers and narrowing down the list, it is time to negotiate the partnership agreement. Discuss the MOQ, <a href=\"https:\/\/jingsourcing.com\/b-international-payment-process\/\">payment processes<\/a>, wholesale price, and shipping terms.<\/p><p>Then, request product samples for quality control. Once they meet your standards, mark them as a control sample for reference in case of product quality issues in future orders.<\/p><p>After that, specify product features in the purchase order as detailed as possible. For example, if you sell products like shirts, describe the fabrics, button types, and sizes.<\/p><p>Next, arrange for shipping. The fastest shipping method is via <a href=\"https:\/\/www.airseacontainers.com\/blog\/air-courier-versus-air-freight-which-should-you-choose\">air courier services<\/a> like <strong>UPS <\/strong>or <strong>FedEx<\/strong>. Although it is the most expensive option, they offer <a href=\"https:\/\/jingsourcing.com\/b-door-to-door-port-to-port-shipping\/\" target=\"_blank\" rel=\"noopener\">door-to-door<\/a> shipping and can send products to any address, like an Amazon warehouse or your home.<\/p><p>For more affordable shipping options, consider air freight or sea freight. Typically, these shipping methods involve the supplier taking care of loading costs while the buyer pays for unloading, <a href=\"https:\/\/jingsourcing.com\/b-how-to-use-alibaba-trade-assurance\/\">trade assurance<\/a>, and freight forwarding.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-750fabf elementor-widget elementor-widget-heading\" data-id=\"750fabf\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. Brand Your Small Business<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46a5275 elementor-widget elementor-widget-text-editor\" data-id=\"46a5275\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Branding helps people recognize your business better and provides more value to the product, which can increase sales and bring in more money. In fact, consistent brand presentation helps increase revenue by 33%.<\/p><p>Some suppliers offer customization services to brand products, but many do not. Therefore, set aside some time and funds to develop your brand identity. Even though you\u2019re sourcing items from overseas, branding helps personalize the products and make them unique to your company.<\/p><p>To start branding a business, figure out the brand personality, then determine the brand voice, story, and identity. The next step is integrating the branding across different touchpoints to maintain consistency, such as the website, social media platforms, and product packaging.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8943f85 elementor-widget elementor-widget-heading\" data-id=\"8943f85\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">5. Start Selling and Promoting the Business<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99fd1f4 elementor-widget elementor-widget-text-editor\" data-id=\"99fd1f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The last step before selling your products is determining their prices by following these steps:<\/p><ol><li><strong>Calculate all the costs to source the product. <\/strong>These include the wholesale price, shipping, and packaging fees.<\/li><li><strong>Estimate the cost per product.<\/strong> Divide all of the initial expenses by the number of units produced.<\/li><li><strong>Decide your preferred profit margin. <\/strong>A <a href=\"https:\/\/www.brex.com\/blog\/what-is-a-good-profit-margin\/\">good margin<\/a> varies based on the industry. Generally, 5% is considered a low margin, 10% is average, and 20% is a high margin.<\/li><li><strong>Choose the final price.<\/strong> Calculate the <a href=\"https:\/\/jingsourcing.com\/b-what-is-landed-cost\/\" target=\"_blank\" rel=\"noopener\">cost<\/a> per item and profit margin to determine the final product prices.<\/li><\/ol><p>Consider checking the competition to ensure you do not overprice or underprice products. After that, list the products for sale on preferred selling platforms, like your own website, eCommerce marketplaces, or social media.<\/p><p>Use compelling product images and copy to attract potential buyers and improve conversion rates. Then, plan marketing strategies to attract consumers, like offering discounts, blogging, and collaborating with influencers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07a99a2 elementor-widget elementor-widget-heading\" data-id=\"07a99a2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-358b755 elementor-widget elementor-widget-text-editor\" data-id=\"358b755\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>An import-export business is a lucrative way of <a href=\"https:\/\/www.robinwaite.com\/blog\/how-to-make-money-online-for-beginners\" target=\"_blank\" rel=\"noopener\">making money online<\/a>. It provides companies with various supplier options and can create demand for resources that are unavailable domestically.<\/p><p>If you\u2019re interested in importing products from China or other overseas locations, here are five steps to start an import business:<\/p><ol><li>Pick products and their target customers.<\/li><li>Find trustworthy suppliers by contacting them directly, browsing marketplaces, or attending trade shows.<\/li><li>Discuss the shopping and payment terms and make the first order.<\/li><li>Brand the products with your business name.<\/li><li>Sell items on eCommerce channels and use marketing strategies to promote them.<\/li><\/ol><p>By following these five steps, you\u2019ll be ready to begin your journey into <a href=\"https:\/\/jingsourcing.com\/b-international-trade-types\/\" target=\"_blank\" rel=\"noopener\">international trade<\/a>. Good luck!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-255ac5c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"255ac5c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0c04b60\" data-id=\"0c04b60\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a9c0190 elementor-author-box--image-valign-middle elementor-widget elementor-widget-author-box\" data-id=\"a9c0190\" data-element_type=\"widget\" data-widget_type=\"author-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-author-box\">\n\t\t\t\t\t\t\t<div  class=\"elementor-author-box__avatar\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/jingsourcing.com\/wp-content\/plugins\/elementor\/assets\/images\/placeholder.png\" alt=\"Picture of Haley Osborne \" loading=\"lazy\">\n\t\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"elementor-author-box__text\">\n\t\t\t\t\t\t\t\t\t<div >\n\t\t\t\t\t\t<h4 class=\"elementor-author-box__name\">\n\t\t\t\t\t\t\tHaley Osborne \t\t\t\t\t\t<\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-author-box__bio\">\n\t\t\t\t\t\t<p>Haley Osborne is an active freelance writer. She is interested in management, web design, and writing. Regularly touches on the topics of self-development and modern trends. Her goal is to provide quality and inspiring content. <\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>By Haley Osborne Selling products is one of the most profitable methods on how to make money online, but many [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":99553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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