What is mini importation?
Mini importation refers to every importation undertaking that basically starts online with a lot of the processes completed from the comfort of your computer. In the early days, it was basically for people who placed small orders. However, that‘s NO longer the case.
For example, even if you want to order a container load of goods from China, you sit at the comfort of your home and place the entire order with your computer and your consignment will be delivered to your doorstep.
So, mini importation is NO longer just about the size of the goods you‘re bringing in. It just basically refers to every form of importation that takes full advantage of the internet to make the entire process easy for you, the mini importer.
There are lots of Chinese websites such as alibaba aliexpress, 1688 and taobao owned by the same conglomerate — Alibaba Group, that you can import from. Since we want where we can buy at the lowest price and sell with the largest margins, I‘ll say it all comes down to one site, 1688.com
How the importation business works…
Before we get into the thick of this article, it‘s important that we understand the basics of buying and selling. How is money made in the ‘buy-and-sell’ business? Simple; you buy something (wristwatches, for example) at a low price and sell them at a higher price to make a tidy profit. To increase the size of profit you can make, there are basically two options you have.
You can either find a way/place to buy wristwatches at a lower price or look for customers who will buy them at a higher price. This is how everybody in the retail (buy-and-sell) business makes money (profit).
Buy low, sell high. It‘s simple math! To make sure you understand the opportunity we‘re about to share with you, we shall use a quick illustration: Let‘s assume you are the owner of a small business that sells foreignmade wristwatches. You have a small shop (or website, facebook/instagram page) in which you display all your lovely wristwatches for customers to admire and possibly buy. Because you can only afford to stock about one hundred wrist watches at a time, you have no option but to buy from big importers who, because of their large capital, can buy thousands of watches from foreign manufacturers at very low wholesale prices.
Although you would love to enjoy these low wholesale prices too (which will increase your profits), you don‘t have the kind of capital the big importers have. Even if you could buy directly from the foreign product manufacturers, it would still be tough. To be continued..
