Category: Amazon & eCommerce

We all want to make more money. And how do we normally try to make that happen? By selling more products, through the acquisition of more customers.

That said, you might be overlooking hidden profit centers, in your existing businesses, that could potentially add on tens of thousands of dollars to your bottom line.

In this article, we share 5 tips for how you can increase your revenue, and profit margins, in your import business.

1. Find new sales channels

As a business is established, the Entrepreneur tends to have a specific sales channel in mind. When it comes to our customers, we see that it’s more common that people born in the 50s and 60s, tend to be more focused on traditional sales channels, such as retailers. Continue reading 5 Methods to to Increase Revenue & Profit Margins in Your Import Business

Suggestion: Watch the 10 minutes video tutorial before reading this article

Dropshipping is a sales and delivery method that enables businesses to sell products, without actually keeping any in stock.

When a buyer place an order, the seller then forwards the buyer details to, and money, to the actual supplier – which is normally called the dropshipper.

Below follows an overview:

Step 1: The Buyer place order from Company A (Seller)

Step 2: Company A (Seller) request a product dispatch from Company B (Dropshipper), directly to the customer

Step 3: The product is shipped directly from the Dropshipper, without ever being handled or processed by the seller.

“How does dropshipping work?”

The seller charge a higher price than the dropshipper does, and keeps the difference when the payment between the two is settled.

The seller may pay the dropshipper on an order to order basis, or after a certain number of orders or time period.

From a seller perspective, this is ideal, as the seller can offer a whole range of products without investing in a large stock.

The Dropshipper benefits too, as they don’t need to invest in sales and marketing, as this taken care of by their sellers (which are sometimes called affiliates).

For the buyer, it shouldn’t make any real difference. Ideally, this should offer lower prices, as the risk is reduced for the wholesaler and seller.

However, when applied in the real world, dropshipping far from the shortcut to success many online sellers hope for. Especially when it comes to dropshipping operations involving buyers in the West, and dropshippers in Asia.

Keep reading, and learn why drop shipping is probably not a sound strategy for your eCommerce business. Continue reading Dropshipping from China: 4 Reasons Why It Doesn’t Work

Want to learn more about manufacturing in Asia and sales on Amazon.com? Then it’s about time to book a flight to Hong Kong!

Global Sources is hosting the ‘Smart Sourcing for Online and Amazon Sellers‘ summit between Oct 17 – Oct 19, 2016.

And, we will be there. This is why you should come:

1. You’ll get the chance to listen to our “Product Safety & Labelling Requirements” presentation, and ask questions.

2. Listen to leading Amazon sales experts from the United States and EU. Check the website for a full list of speakers

3. Meet thousands of suppliers under the same roof (the summit is part the Global Sources Trade Show).

Tickets starts from $699 (Price valid until Aug 20), and can be booked here: globalsourcessummit.eventgrid.com

But we’ve thrown in some bonuses for all Chinaimportal.com Subscribers:

1. We include the Buyer’s Guide Package of your choice (See here)

2. US$50 Discount (Thus, you’ll only pay $649. Deduction in the checkout. Code: F2G50)

Topics

1. Amazon sales strategies
2. Product Safety, Testing and Labelling Requirements
3. Sourcing, Quality Assurance and Shipping
4. Case Studies

Questions and Answers

Do I need a visa to enter Hong Kong?

No, most nationalities don’t need a visa to enter Hong Kong. However, you do need a visa to enter Mainland China.

Can I book the ticket online?

Yes, follow the link and pay in the checkout