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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
10-02-2015, 08:21 AM
Here's a quick tip for anyone just getting their feet wet. Most stuff on Alibaba is also available on Ali Express. Rather than deal with the headaches of alibaba and trying to get samples just place an order on ali express, you'll have it in about two weeks, you can check the quality, maybe even buy 5 or 10 and just do a test sale on ebay or amazon to make sure they sell and then go to Alibaba and place your large order. I find it a huge hassle asking for samples or small orders as I think like others have mentioned so many tire kickers who are never going to buy the people on alibaba ignore a lot of requests for samples or small orders.
Another tip I would advise not buying any programs, especially not any progams costing thousands of dollars. You'd be better served to just start buying inventory and learning through trial and error. There's also plenty of resources online about how to do FBA, how to import, etc. There's a couple great youtubes who cover every aspect of private labeling, how to send in your items for FBA, how to order from Alibaba, etc.
I have a question for any of you more experienced Alibaba guys.I've been dealing with a guy through Alibaba for a while and he always shipped my stuff DHL by plane, it would come to my door, etc. I'm starting to look into some new products and not dealing with the same supplier and I'm getting myself confused about shipping terms such as FOB, DDU, DDP, etc. I believe FOB means they get it to the port and I need a freign forwarder to get it the rest of the way to me. Which abbreviation or acronym is for direct to my door?
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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
10-02-2015, 10:37 AM
The BIG question is, what can you do that others can't? The answer usually is not much. I've bought books from Amazon,most shipped from the US. And many dirt cheap so there is very little margin to the seller. I'm thinking of a book advertisedfor one cent plus 3.99 shipping. After Amazon takes a bit off the shipping, and the seller pays USPS for shipping, there might be 50 cents left (certainly less than a dollar) for the seller to pay the shipping envelope and labor of mailing and a few pennies left to pay fixed expenses(warehouse.)
I've bought a plug adapter from China. Of course Chinese manufacturers and sellers can sellthrough Amazon just like you and I can. And I've bought electronics manufactured in China (or elsewhere) sold and shipped by a US based seller.
So ... margins are thin.
Dropshipping (either the manufacturer/wholesaler shipping to the customer, or you sending a bulk shipment to Amazon (and Amazon doing the shipping to the customer) is more expensive because you're paying whoever does the shipping for their time and trouble (plus postage, plus shipping envelope or carton,which is marked upfrom what you could buy them for in quantity.)
Below are more answers to your questions:
quote='HonantheBarbarian' pid='1029144' dateline='1432589533']
1. Drop shipping vs having the inventory physically delivered to you >>>>> drop is more expensive but prevents you from getting stuck with unsalable inventory especially at first when you don't know whether somethign will sell. Also unethical dropshippers can steal your customer datatosend them their own catalogs.
2. What kind of numbers were you looking at in terms of initial start up costs and investment? >>>>>> very little for dropshipping. Cost of initial order if you ship yourself (you'll need to buy in quantity to get a good price.) Warehousing cost for big items.
3. Speaking of dropshipping, A thread I read on another forum states that the guy just purchases the item directly from another supplier i.e Best Buy and has them ship it directly to the buyer's address
If im understanding this correctly, he waits for the money to be deposited in his account and then buys the product, >>>>>>
No, he would have to pay first and then wait for his money from Amazon.
Not unethical, but counting on the rare few unsopgisticated enough to buy from Amazon and not check the price elsewhere. Also, there is probably another seller on Amazon trying to play the same game (buy from Best Buy, resell for more) so margins would be razor thin.
4. I know a lot of sellers import from China real cheap and sell on Amazon for a profit and make a decent income that way. Without giving too much away what are some good examples of the types of products/goods used to achieve this method? Also how big of orders did you have to buy to initially break into this?>>>>>>>>> As stated above, Chinese sellers can sell on Amazon. What can you do that they can't? Obviously items that have a high value to weight ratio (electronics, small light items like a voltage converter) not bricks and lumber.
5. Ive heard Amazon's fees are pretty high at something like ~15%. How do you factor this in?>>>>>> Look at the lowest price an item is selling for. Subtract Amazon fees, cost of product, shipping,cost of returned merchandise somehow damaged/used which you can no longer resell as new. Is there any money left?
6. What kind of numbers did/is this amazon business generating in your experience?>>>>>>>> For 99% of sellers very little. Onceyou consider the value of their time they would be better off working a minimum wage job.
there is just an overload of gimmicky information claiming $20k in 5 weeks and its becoming a bit dizzying to sift through it all on google. I just want some realistic, real life examples of this.>>>>>>>>>>>>> Beware of companies that advertise books on how to do this, sources of cheap imports, catalogs for items they dropship etc. Ask yourself if making money this way is so easy why do they want competition?
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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
10-03-2015, 12:26 PM
NOT an endorsement, but for those looking at Amazon who are the course taking type, Jim Cockrum seems pretty legit and has been around a while.
IMO a much better alternative to ASM and that $$$ price for a course ($300 range instead of thousands)
Google his name and "Amazon Course"
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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
10-14-2015, 01:22 PM
The Amazing Seller podcast is a great resource on FBA.
You want to know the only thing you can assume about a broken down old man? It's that he's a survivor.
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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
10-15-2015, 09:12 AM
I'd love to mess with hoverboard but I don't feel like having a bunch of credit card chargebacks 3 months from now when they are all broken. I have a pretty good hustle going on Craigslist though, obviously all cash with no warranties or anything.
I've done a bit of private labeling but all with simple products, I'm finally starting to get into some stuff where I have to create my own packaging and I'm finding that a little more challenging.
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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
10-17-2015, 12:43 PM
I recently got into amazon FBA.
One of my suppliers recently kept asking me about selling on amazon.
Only a matter of time until they figure out how to write good copy
and take quality pictures.
Make bank before the influx begins is what id reccomend.
Another good side hustle is brokering off truckloads of
liquidations inventory to the chinese but it's a lot of work
finding the inventory then sifting out the tirekickers to find buyers
can take at least 4 weeks but you can make a nice 3-7k being the middle man.
Fimdinmg suppliers is the harder part and finding buyers is the tedious part with lots of email back and forth
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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
10-17-2015, 05:53 PM
I'm in on any sort of mastermind group. Just read this thread for the first time. I have experience on Alibaba with a private label apparel company I stared with one of my buddies. It isn't doing much but I learned a ton about screening factories and negotiation. I have an excellent clothing contact but my company doesn't have money to spend on advertising so it's more or less at a standstill.
I'm reading every link posted on this thread now and would love to get a side hustle going.
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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
10-27-2015, 01:33 AM
I see alot of people doing this Amazon FBA stuff in CHiang Mai.
Is there particularly need to be based there? compared to say like Bali Ubud (Bali did not seem like a center for this)?
What kind of initial investment is needed to get this stuff started (NOT by drop shipping)? I assume you need capital to buy the stock and warehouse fees.
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10-27-2015, 09:31 AM
Capital wise, it's really up to you and how much you're comfortable with. I have heard of a guy who started with just 125 bucks and scaled it to 5 figures within a few months. Others I've heard started with 5-10k. It really depends on you, your bankroll and your goal and how aggressive you want to be from the get go.
As a rule of thumb, start with at least 500 to test the market, whether it's getting just a few units of a single product or you could get samples of 3-4 products and move forward with the best one. The goal at that stage is to validate a product even if initially you're not making any money.
What makes CM a great place to start an FBA or any online biz for that matter is 1) the super cheap cost of living and high quality of life and 2) the networking opportunities as it's a major hub for location independent and aspiring LEs.
Bali, despite its mesmerizing beauty is not a hub for that for the simple reason that internet is still very spotty and not as reliable as say CM.
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10-30-2015, 06:21 AM
Hubud (a co working space in Ubud Bali), does have fast internet, usually speeds at 8-10 mbps. However it does not open 24-7, hence it would be difficult to have fast internet at night when you are working on a project or contacting people over in different time zones.
The Mifi (3G internet hub which uses the sim card has alright speed, however it is still alot more expensive considering it is using 3G data, so you would have to watch for your usuage when doing data intensive work.
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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
12-01-2015, 12:56 PM
Question to any of you guys doing private labeling: when it comes to the individual packaging of the product, for instance how there would be a little cardboard tag with brand insignia hooked onto clothes at the store, or how a pack of kitchen utensils will come in a cardboard sleeve, is it the supplier on alibaba for instance who does that or do you do that after getting the products into the states?
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01-25-2016, 12:08 PM
Time to get off Amazon and go through your own site.
They just raised USPS prices 25-30% for sellers while Amazon gets free shipping for themselveEs.
A man is only as faithful as his options-Chris Rock
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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
01-25-2016, 01:32 PM
Some good information in this thread!
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Is anyone importing/selling/dropshipping products on Amazon as a side hustle?
04-26-2016, 08:08 PM
You can have your freight forwarder/shipping agent hande the FBA inbound shipping labels so your supplier doesn't know where your order is going.
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04-26-2016, 08:11 PM
Its harder these days. You will want to target higher ticket products.
If you don't have 5k (preferably 10k) to invest I would go for another model.
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04-28-2016, 04:37 PM
Another question: where is another place to hunt for legitimate suppliers?
While registering for Alibaba, they flagged my account and asked me to submit a copy of my passport for identification. Fuck that. I don't care what website it is, none are getting a copy of my fuckin passport.
Obviously I've searched Google and gotten a few leads, but there has to be a better alternative.