Blue
New Contributor
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20%
- Apr 18, 2010
- 44
- 9
So basically, Blue, you import a product that there is demand for and sell it. So you aren't manufacturing anything, you did a good job sourcing it from an inexpensive source and you are moving some volume so right now you have a good niche.
Without divulging your widget, do I have that right? Not suggesting that isn't great. It is true that if you said you are importing knockoff chi irons from so and so manufacturing in Shanghai ....then absolutely, easy on the details.
Yes that's basically correct, except that I'm not importing knockoffs (although it's funny that I do know about chi irons, I can't believe what people pay for them); I make a few design tweaks to improve them for let's say $2 more per widget. Then I sell the "new" and improved product for $50 more with branding and move them along side the regular stuff.
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