my new business idea
By eric_v_b
@eric_v_b (261)
Canada
December 13, 2007 10:13pm CST
I just heard of a new site from China that sells all kinds of replicas of expensive products, like watches, purses, clothing, etc. For example, they sell Armani jeans, for under 30$ or Rolex watches for 50$. And I was thinking that I should buy some of these replicas and sell them at a profit. What do you think? First of all, should I trust a company from China? And secondly, do you think people would actually buy replicas of brand products from me? Since real Armani jeans go for 200$ and up, I would sell the replicas for 50$ or 60$.
2 people like this
8 responses
@pcsourcepoint (631)
• New Zealand
14 Dec 07
Many people are selling bulk items imported from China, on http://www.trademe.co.nz (It's a bit like ebay)in NZ as well - such as mobile phone batteries and accessories. But I have noticed their prices have dropped over time, because of competition (too many sellers importing goods). So you need to consider competition. But some sell as "double deals" - two items at a slighter higher price than one item, or a additional complimentary item. So pricing and selling of multiple items might need to be considered to help create a sale.
When I brought mid to high price Casio watches of ebay, I generally went for buyers that had a good feedback, a range of shipping options, included insurance, had multiple photo's for viewing, and had good item description, with model/serial numbers so that I could research the watch on the internet...
@pcsourcepoint (631)
• New Zealand
14 Dec 07
Many watches I brought for family and friends on ebay were from the USA and Canada, but all made in China or Malaysia. The Casio watch I'm wearing now is from China - a data bank, world time watch: AW-80, 2727. Retail in NZ was about $130 NZ, and the ebay cost all up cost was $63 NZ about 18 months ago.
And it's a good quality watch, which I researched online before I brought it. Many of the Canadian watches I brought though, were good quality, but often took 3 - 5 weeks to land in NZ. I guess shipping options are more limited or because of the vast distance to New Zealand.
I myself have sold imported hand tools from USA (originally from China or Taiwan) and resold them in NZ. I think reselling is relatively easy if you market/describe your items carefully, but the goal is to make a reasonable profit - because you have to contemplate people or groups/online stores with more money and experience and hence selling cheaper goods to compete with..
@eric_v_b (261)
• Canada
14 Dec 07
Thank you for getting back to me. I really think I'm going to go ahead and try this out. The worst that could happen would be to lose a small investment, but if I don't try, I will never know if it is profitable. I'm now willing to take that risk, you've convinced me with your story. Thanks again.
@weidanet (6)
• China
14 Dec 07
I am a chinese .I think your ideas are good.we have a lot of cheap and small commodities market in my hometown.For example: Yiwu International Small Commodities Market.
There are many low-cost wholesale goods inside.And the Wal-Mart gets many of its commodities from here.If you are interested ,we can link.My E-mail: YW_042@126.com .I have thought to sell small batches of goods abroad.
@eric_v_b (261)
• Canada
15 Dec 07
Hello weidanet and thank you for your input on this. I am happy to hear this from an actual chinese. I would be interested in creating a link with you. Do you think you would be able to supply me with chinese products? I will add you as a friend so we can talk more.
@eric_v_b (261)
• Canada
15 Dec 07
Do you think you would be able to supply me with chinese products, like watches, jeans, sunglasses, or shoes? If so, we could form a sort of business partnership. You supply me with chinese products and I sell them to people in my country. In the end, we split the profit.
@aseretdd (13730)
• Philippines
14 Dec 07
A lot of businessmen from all over the world have been doing that sort of thing for quite some time now... and i must say that they are earning a lot of money... but with this kind of business... you will be at odds with a lot of people and a lot of big companies... some countries consider this type of business as illegal and is punishable by some number of years of imprisonment... so think hard if you want to venture on this...
@larskie23 (866)
• Philippines
14 Dec 07
here in my country theres a lot of product coming from china, from toys, watches to garments. its cheap but quality wise, toys are easily broken.
@chunter (1759)
• Singapore
14 Dec 07
If I were you, I would not trust a company from China...China people are known to be extremely shrew in doing business and you may get less than what you asked for...
Not saying that all china companies are like that, but at least that's what I heard from most people....
@eric_v_b (261)
• Canada
14 Dec 07
Thank you, I will take what you said into consideration. However, most people are telling me to go ahead with this idea. I think I am going to give it a try. With a positive business atitude, I will make this work out. And if one day I get scamed, I will tell myself that at least I tried.
@barehugs (8973)
• Canada
15 Dec 07
China is already flooding our markets with cheap ( and in some cases dangerous goods) Could you sleep at night if you were retailing these cheap and shoddy items. What we need in America are some good quality products that are well made and dependable. I for one would not buy these Chinese knock-offs.
