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15 year old entrepreneur!
INTROWhat you CAN do now is go through eBay, Craigslist, FACEBOOK forums and Grailed, and look for shoes that you can flip. I used to do this alllll the time. Lots of sneakers are undervalued in these places and you can just snag em and relist them on any platform you choose (the best being eBay and...- mikeobi
- Post #17
- Forum: Introductions
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15 year old entrepreneur!
INTROWhen I was your age I was doing the same thing but honestly, it's not a good hustle unless you buy the shoes at retail. Sometimes resell value on some releases aren't high, but releases like the Supreme 5s or Metallic 6s can make you a killing if you had a bot or were really fast at checkout. A...- mikeobi
- Post #14
- Forum: Introductions
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Made $6,900 Importing From China and Reselling on eBay.
SOURCING AMA.- mikeobi
- Post #59
- Forum: Product Development, Importing, Sourcing
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Made $6,900 Importing From China and Reselling on eBay.
SOURCING AMAWow you guys are right on value. E-commerce really is like the gold rush and if you you're just doing the simple importing OEM products and selling them on e-commerce platforms right out of the package for too long, some day you might get bodied out of the market or deal with heavy saturation...- mikeobi
- Post #58
- Forum: Product Development, Importing, Sourcing
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Sharing my lifetime experience in export/import. Product sourcing specialist.
GOLD! SOURCINGI think I'll buy your book, I think it will answer all of my questions and concerns. Thanks a lot!- mikeobi
- Post #651
- Forum: Product Development, Importing, Sourcing
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Sharing my lifetime experience in export/import. Product sourcing specialist.
GOLD! SOURCINGSomeone who previously helped me out advised me that 3x the buying price is good. What do you suggest?- mikeobi
- Post #638
- Forum: Product Development, Importing, Sourcing
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Sharing my lifetime experience in export/import. Product sourcing specialist.
GOLD! SOURCINGHi Walter, So I'm looking into purchasing 50 sets (comes in pairs so 100 pieces) of this one item. They cost about 2 dollars a piece and can potentially sell them for 3x as much. The supplier has said that via freight (CIF) i would pay $200 in shipping before duty. Each of these items weight...- mikeobi
- Post #636
- Forum: Product Development, Importing, Sourcing
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[AMA] Importing & wholesaling for resale on eBay.
GOLD! SOURCINGI thought that wasn't right. Thank you so much!- mikeobi
- Post #1,854
- Forum: Product Development, Importing, Sourcing
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[AMA] Importing & wholesaling for resale on eBay.
GOLD! SOURCINGHi, I'm in negotiations with one supplier that takes T/T only. Would T/T be the equivalent to wire transfer with the transfer fee for my bank still applying? Also, some suppliers have quoted me "sample charges" that are like 100-150 dollars and shipping charges of 90 and above for just 5 units...- mikeobi
- Post #1,852
- Forum: Product Development, Importing, Sourcing
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Sharing my lifetime experience in export/import. Product sourcing specialist.
GOLD! SOURCINGHi Walter I'm in negotiations with one supplier that takes T/T only. Would T/T be the equivalent to wire transfer with the transfer fee still applying? Also, is it common for the supplier to have a different FOB price than listed? So far every supplier who I've contacted has a higher price than...- mikeobi
- Post #616
- Forum: Product Development, Importing, Sourcing
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Sharing my lifetime experience in export/import. Product sourcing specialist.
GOLD! SOURCINGHi Walter, So I've found a product that I want to import and I've been browsing through different suppliers. I found one with a really awesome price and even accepts payment via PayPal. The only thing I'm concerned about is there 38% response rate. Is this something to turn away from or just...- mikeobi
- Post #609
- Forum: Product Development, Importing, Sourcing
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What book are you reading? Right now. Post up!
NOTABLE! HOT! BOOKS CHATThis could've been mentioned, but I just finished Hustle Manifesto by Ross Simmonds. It's an awesome book for anyone who has a job and wants to start a business on the side, that'll eventually have you quit your job.- mikeobi
- Post #1,206
- Forum: Books and Educating Yourself
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Sharing my lifetime experience in export/import. Product sourcing specialist.
GOLD! SOURCINGHi again! I have a couple questions bugging me. 1) Does one get an option to use FOB or CIF or do suppliers already have that set up? If the former is the case, what should a beginner start using? 2) Is duty incorporated into FOB or CIF or is it a separate fee you pay? Thanks so much for all...- mikeobi
- Post #534
- Forum: Product Development, Importing, Sourcing
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Sharing my lifetime experience in export/import. Product sourcing specialist.
GOLD! SOURCINGHi Walter, When it comes to naming your importing business, what are somethings to keep in mind (besides trademarking and all the legal stuff)? Should the name be related to what it is we are selling?- mikeobi
- Post #520
- Forum: Product Development, Importing, Sourcing
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[AMA] Importing & wholesaling for resale on eBay.
GOLD! SOURCINGHello, 1) So I'm trying to set up my own importing business and I wanted to know if you get duty, FOB, CIF fees invoiced via email from the company who shipped out your package 2) Does one get an option to use FOB or CIF or do suppliers already have that set up? If the former is the case, what...- mikeobi
- Post #1,757
- Forum: Product Development, Importing, Sourcing
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Sharing my lifetime experience in export/import. Product sourcing specialist.
GOLD! SOURCINGHi Walter, I'm looking to start importing overseas and I have a couple of questions before I get going. 1)When it comes to determining tariff and if I have to pay them or not, do you have a website or a list you use to look it up? I want to make sure what I'll be paying customs or if I won't...- mikeobi
- Post #405
- Forum: Product Development, Importing, Sourcing
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I've Read The Millionaire Fastlane!
GOLD! HOT!Just finished the book yesterday. I was kinda sad when I finished it because it felt like a an amazing journey to like a new world. Prior to reading this I always asked myself, "How exactly am I going to be rich? I want to be rich but I don't think it's possible for me." Now I believe more than...- mikeobi
- Post #2,532
- Forum: Forum News/Updates
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19 year old college student advice
MINDSETThanks for your 2 cents. I will definitely come to you if I need help coding.- mikeobi
- Post #10
- Forum: Mindset and Self-Development
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19 year old college student advice
MINDSETI really loved reading this. It's great that someone of your age is actually seeing improvement. At this point I can only count the number of people who support me on just one of my hands and just very few friends who can even understand the what I want to do, but yet haven't meet anyone who...- mikeobi
- Post #6
- Forum: Mindset and Self-Development
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19 year old college student advice
MINDSETThank you for this Mr. DeMarco. I'm about 3/4ths into your book and I'll say, it's definitely content I wish I was aware of earlier. I'm so grateful someone referred it to me.- mikeobi
- Post #3
- Forum: Mindset and Self-Development
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