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sparechange

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Ok, so car seat covers... I sell those too. Have you done your numbers on those? What price are you selling at? What is going to make yours different than the others?

Beds? what's your selling price on them? Even the $20 beds are huge to ship.

Toys at $5? You need to be at $1.5-$2 a toy max. I can't imagine what toys you are buying at $5?

I'd love to see what your estimated pricing is on these. Because I don't see alot of profit in there.
So, for the covers I’ve found manufacturers that will wholesale anywhere from $3-$10. Currently there are some sellers on amazon, one in particular retailing at $39.99 with over 300 reviews, Now a problem I anticipate is getting into a me to product, with this seller many others have jumped on the band wagon and are doing the same thing which saturates the market a bit. One seller somehow squeezed a Hail Mary and has lots of reviews & $70. No idea how they managed that but good for them. Pricing I could stay in the sub $30 range possibly but would need to sell via different venues, which brings me back to the importance of building a brand. As I have an interest in animals, having some type of local events to boost familiarity with my name should help cement me into the brand people want to suppport. Back to the prices, I see a sub $10 profit or so with the cover, don’t know how to include taxes and shipping but when I have it in my hands with the bill paid it can be calculated. As for the beds I know wholesale (again alibaba) we can buy for under $5, maybe could retail these for under $20 and still squeeze in a small profit. Like I mentioned I have no clue about shipping fees so this will be my education process. I’ve read the thread you posted about “do you want it the easy way or hard way” what I took from that is taking tiny profits is something people will overlook, so in the example of dog beds, even if we’re paying $10 and selling them for $20, and only make a few bucks after shipping costs, lots of people will not pursue something tedious like that. Thanks for that thread btw! For toys I meant under $5, see tons of suppliers that sell super cheap ( under $1 even ) so maybe giving away free toys and chalking it up as an advertisement fee could be a great approach, everyone loves free stuff. Thanks again for taking time to reply!
 
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biophase

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So, for the covers I’ve found manufacturers that will wholesale anywhere from $3-$10. Currently there are some sellers on amazon, one in particular retailing at $39.99 with over 300 reviews, Now a problem I anticipate is getting into a me to product, with this seller many others have jumped on the band wagon and are doing the same thing which saturates the market a bit. One seller somehow squeezed a Hail Mary and has lots of reviews & $70.

No idea how they managed that but good for them. Pricing I could stay in the sub $30 range possibly but would need to sell via different venues, which brings me back to the importance of building a brand. As I have an interest in animals, having some type of local events to boost familiarity with my name should help cement me into the brand people want to suppport.

Back to the prices, I see a sub $10 profit or so with the cover, don’t know how to include taxes and shipping but when I have it in my hands with the bill paid it can be calculated. As for the beds I know wholesale (again alibaba) we can buy for under $5, maybe could retail these for under $20 and still squeeze in a small profit. Like I mentioned I have no clue about shipping fees so this will be my education process. I’ve read the thread you posted about “do you want it the easy way or hard way” what I took from that is taking tiny profits is something people will overlook, so in the example of dog beds, even if we’re paying $10 and selling them for $20, and only make a few bucks after shipping costs, lots of people will not pursue something tedious like that. Thanks for that thread btw! For toys I meant under $5, see tons of suppliers that sell super cheap ( under $1 even ) so maybe giving away free toys and chalking it up as an advertisement fee could be a great approach, everyone loves free stuff. Thanks again for taking time to reply!

First, there are over 5 pages of car covers on Amazon. The market is super saturated will Chinese manufacturers.
Second, the type of car cover you are talking about will cost you $10 for 500pcs. $12 for 100-300 pcs. I'm going to assume that you are purchasing only 100pcs.
Third, the size of the car covers makes shipping costly, probably about $7 per unit. Customs cost is $.33.

I'm just ballparking the shipping based on you ordering 100 units and putting them on a pallet. I'm guessing $700/pallet, so $7/unit. I shipped a whole container and my per unit prices were still in the $2+ range.

So you are talking about $19.33 landed at your house. Then another $2 to ship to Amazon facility. So you are at $21.33 landed at an Amazon warehouse.

Now if you price it at $29.99 and Amazon will take 15% commission ($4.50) and charge you $5.56 to fulfill it. So you get $19.93, which leaves you $1.40 loss per unit. Once you toss in Amazon warehouse fees, this product is a loser at $30. I highly doubt that you will make any money and give you a 99% chance that you will lose money on them.

You may be able to get $35 for them. At $35, you would profit $2.86 per unit. As for the one selling at $70, they were the original brand that invented these.

You are jumping into the "me too" sea of products and will not survive this. I'm telling you that you will lose whatever money you put into the 3 products that you have decided on.

I have literally just gotten new quotes on this product 2 days ago because my original manufacturer's price went up 30%. I know this product in great detail to the specs on every material layer. These are initial quotes from new factories, pasted below.

Now you may look at them and say WTF, he said $12 a unit, these quotes are at $8. Well, they will usually quote you their lowest price version. I already know that to get the cover up to the specs to compete in the $35-$50 range that you will need to add $2-$3 to these prices. These $8-$9 prices would be the ones you see selling for $20-$25 on Amazon. Also, not included in the quote is the carry bag and the cardboard insert card which is usually between $.60-$1 a piece.

Hi
This is Wendy from China. Thanks very much for your inquiry for our Pet Car Seat Cover.
We are experienced in supplying Pet products, and we are a reliable partner in quality control and cost saving. Hope we can build business relationship in the nearest future.
The XL size is 57*60", and the quote for 200 pcs is $8.6/pc FOB China port. If the order quantity can reach to 500 pcs, it will be $7.9/pc FOB China port.
We are ready to provide sample for your to check details, it is $80 including freight. Would you like to check the sample first?
Thanks and hope to hear from you soon.

Hi Kenric,
Thanks for inquiry on pet cover, this is Neumann from bags co. ltd.
pls check attached quotation contains price and packing list.
1. 100 pcs Basic 2 black color: PET-141X, EXW price $8.9/pc
Basic 3: PET-184X, we do not have stock, if 500 pcs we can produce, EXW price :$10.9/pc
2. shipping cost will be calculated when qty and delivery address is given.
3. LOGO, qty at 300 pcs, your logo can be added; 500 pcs, you can customize pockets, zipper, mesh window, etc., pls check "OEM" atatched.

Hi Kenric,
For 200pcs, size 136*139cm, FOB Guangzhou Unit price is $12
Regards,
Gina
 

sparechange

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Thanks a lot for that post @biophase , think I owe you a beer, or 2..3..hm. Perhaps selling it through other ways instead of amazon would be a better approach? Saving cash and keeping products at my own place and targeting local customers in my city? Do have customers to target on my Facebook and Instagram that are real people engaging with me online. Or just throw it all in the garbage, a bit likened to beds and can see the car covers being a huge need, especially with people that drive luxury cars with the fancy leather seats. At least that’s my original thought process.
 

sparechange

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Arg so quitting today, feels scary but hey it’s all a part of moving. Just waiting on final cheque and I’m off to the Rockies.
 
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sparechange

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cashed a nice cheque today (final) and been enjoying having no job for the past few days, spent time wit friends and enjoyed some freedom. Looking forward to more freedom for the remainder of my life. If Calgary doesn’t workout I will be completed screwed , but I have breathing room for a few months so not to concerned,
 

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sparechange

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And we’re off to sunny and cold Calgary!
 

sparechange

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Xeon

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@biophase has really good advice. You should look for another product or even come up with your own if you have the funds for that, then check with different suppliers and manufacturers, and table all the data and costs into a spreadsheet so you can compare the numbers at a glance.

Timeline wise, my timeline is similar to yours though. Will be selling only next year end January or so.

Why did you move to Calgary?
 

sparechange

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Can’t deal with the rain in Vancouver, my job was labouring stucco only making like around $12.... in Canadian Texas everything is way cheaper and even minimum wage will be $14 I think by January, so I can have a better lifestyle down here I think, also as a bonus I hear the snowboarding is awesome around the Rockies! Where are you located ?
 

sparechange

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And we’re close, in the Banff Canmore area. Kinda surprised there’s not so much snow
 
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sparechange

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Looking at house rentals here and I can get an oversized 5 bedroom house for 2-3k monthly, a tiny apartment in Vancouver is around 2k. For the future I’d say it’s a wise move
 

sparechange

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Alright finally made it! My first priority will be locking down some job
 

sparechange

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Calgary looks like a very weird city, lol basically it’s like a dot in the middle of a huge highway with suburbs everywhere. Less street people tho but have seen a few groups of dodgy people, I assume it’s like that everywhere tho.
 
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Walter Hay

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@biophase has given you a reality check but I think you are still in fairyland. Buyers like you are the kind that suppliers on Alibaba and similar sites dream about.

Do you know how to screen in your B2B site searches? Can you tell the difference between manufacturers and traders? (They all say they are manufacturers.) Do you know anything about shipping? For example, the difference between FOB, EXW, CFR, CPT, CIF. Will you ship via air courier, air freight, or sea freight? Will your supplier prepay freight? Do you intend shipping direct to FBA? Do you know what little protection the various buyer protection schemes actually provide?

You need to spend some more time learning: 1. Market research, and 2. Calculating exact costs rather than flying by the seat of your pants.

You seem to think you have a business plan, but all I see is wishful thinking.

It's a big read, but I suggest you have a look at my AMA GOLD Sharing my lifetime experience in export/import. Product sourcing specialist.

I wish you all the best, but your approach concerns me.

Walter
 

sparechange

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@biophase has given you a reality check but I think you are still in fairyland. Buyers like you are the kind that suppliers on Alibaba and similar sites dream about.

Do you know how to screen in your B2B site searches? Can you tell the difference between manufacturers and traders? (They all say they are manufacturers.) Do you know anything about shipping? For example, the difference between FOB, EXW, CFR, CPT, CIF. Will you ship via air courier, air freight, or sea freight? Will your supplier prepay freight? Do you intend shipping direct to FBA? Do you know what little protection the various buyer protection schemes actually provide?

You need to spend some more time learning: 1. Market research, and 2. Calculating exact costs rather than flying by the seat of your pants.

You seem to think you have a business plan, but all I see is wishful thinking.

It's a big read, but I suggest you have a look at my AMA GOLD Sharing my lifetime experience in export/import. Product sourcing specialist.

I wish you all the best, but your approach concerns me.

Walter
Hello and thanks for the reply, will give that a read through , have skimmed it just a bit before.
 

sparechange

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3EC39156-2046-42E2-96E0-DC8CD8C635B5.jpeg 4DDD35E1-7E68-4957-BABD-1523B54E3151.jpeg 5B4CC19A-60C7-499C-BC72-554C557EEBC5.jpeg D6FE0D47-C8FF-44C4-9951-5821491345C7.jpeg D6FE0D47-C8FF-44C4-9951-5821491345C7.jpeg 5B4CC19A-60C7-499C-BC72-554C557EEBC5.jpeg 4DDD35E1-7E68-4957-BABD-1523B54E3151.jpeg 3EC39156-2046-42E2-96E0-DC8CD8C635B5.jpeg Thought I’d share some humble beginnings. My room is $500 and my landlord is a chill guy so I feel good with the move, think I’ve found some work, will give that a go tommorow and go from there, went for a walk around and was thinking how surreal it is to be here, I made the choice to quit my job and travel to a new city. Everything is so much cheaper here, I have a full plate for the next bit of time...
 
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Xeon

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View attachment 17048 View attachment 17047 View attachment 17046 View attachment 17045 View attachment 17045 View attachment 17046 View attachment 17047 View attachment 17048 Thought I’d share some humble beginnings. My room is $500 and my landlord is a chill guy so I feel good with the move, think I’ve found some work, will give that a go tommorow and go from there, went for a walk around and was thinking how surreal it is to be here, I made the choice to quit my job and travel to a new city. Everything is so much cheaper here, I have a full plate for the next bit of time...

Is that a bathtub I see? DAYUM!!!!! (sorry, over here in Singapore, bathtubs are a luxury rarely seen)
 

AgainstAllOdds

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I've read the last four pages of this progress thread, and it seems to be filled with action fake.

You need to do something to get your business started.

@biophase gave you good advice. What have you done since then? Did you look at different products to import? Did you at least get price quotes from suppliers to confirm what he's saying is true? Did you make a list of other options?

You need to be pushing your business (life) forward everyday.

Moving to Calgary is cool, but that has zero impact on your ability to create an income stream. You didn't have a business before. You don't have a business today.

Your goal for 2017 was "to make $100k!" You missed that, and I'm guessing by a lot because you failed to take action and learn. Currently you're in a similar predicament.

When will you take your first step? 2018? Because 2018 is F*cking 26 days away. Then 2018 hits and you realize "Oh shit, Chinese New Year is a thing," and don't do anything for another month. Next thing you know it's March 1st, and you don't have a product, don't have any samples, just a couple emails that you exchanged with a supplier or two.

If you're going to be successful, then you need to do it.

In a previous post you mentioned that you've "paid your dues". What dues have you paid? Reading a book or two? Taking some pictures and putting them on Instagram while smiling to yourself that you got a handful of followers?

At which point did you create value that was scalable and learn from it?

This is your life. You can take control and dominate, or you can delude yourself that you're making progress. You decide.
 

CareCPA

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So I have to ask - what have you done differently in 2018 so far?
 
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sparechange

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Hello to all, will have a big update upcoming. Just going through the boring parts of process and whatnot. All the best to everyone.
 

Xeon

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Hello to all, will have a big update upcoming. Just going through the boring parts of process and whatnot. All the best to everyone.

Finally you're back! Can't wait to hear about your adventures in France!
 

sparechange

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Sorry about the lack of updates, Ill post a big one near the end of July which is kind of the timeline (little bit of some bad delays) of which i should just quit my job and focus on growing. Deff possible for sure I can scrap it

Was going through the hassles of importing and whatnot, do have things running, everything just takes time. It will be a really long one..

Until next time =)

(Still on the e-commerce pet niche grind)
 
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sparechange

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Alright here's an update so far, still a bit behind schedule but things don't always go as planned right!?

#1 For the past few months when I moved to Calgary, I sourced a product (Alibaba) whilst working a shitty job.

#2 Imported this product (had to save up a bit for this)

#3 Have ** sales ** with this product
351.jpg


(Still have inventory on it) Tried increasing price and got some sales although the marketplace isn't responding as strong with the pricing so believe a lower price point is more efficient.

Not really sure what to say, ''my timeline'' puts me at being financially dependent on my business income right now although I have not achieved that, some setbacks on the way sure, just need to keep working at it.

Wanted to make a grand finale post saying I'm free from the script but its still a part of me, now though its possible for me to see the future more clearly, starting off as shoveling snow & ending up in online sales is quite a difference.

My current plans for now & the future are to focus on selling off the rest of my inventory while creating my own products. In the process of doing this right now.

Thank you to all of the people that have contributed in this thread, even though I'm not free yet, the belief in myself that I can do it is through the roof having been the process of importing my own product, marketing, selling it, building & buying traffic etc.

A small fish in a big sea........
 

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Well done. I have been quietly following this thread and was facepalming myself reading through the first several pages and now you've gotten some sales you're ahead of the majority. Still a lot of work to go I'm sure.

I know you say you're not "on schedule" but becoming unscripted a little late is better than never, right?
 

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damn this thread is really sad, OP started this thread in December 2016 and roughly 2 years later no progress, all he has been doing is going in circles, this thread really got me super depressed, im glad i read it but kind of depressed at the same time on how it ended, ive learnt alot from this thread, ive learnt what not to do.. OP needs to empty his cup and ask for some advice from the forum and relearn everything, sad part is hes read both MJ's books, aah man this thread got me really depressed.
 
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sparechange

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I know you say you're not "on schedule" but becoming unscripted a little late is better than never, right?

Aiming a little bit before the end of this year (it feels within reach)

I Believe the difference now is creating a stronger brand & allocating more of a budget towards marketing. As well as having *my own products* that will come out within the next few weeks.

Lets go!
 

sparechange

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damn this thread is really sad, OP started this thread in December 2016 and roughly 2 years later no progress, all he has been doing is going in circles, this thread really got me super depressed, im glad i read it but kind of depressed at the same time on how it ended, ive learnt alot from this thread, ive learnt what not to do.. OP needs to empty his cup and ask for some advice from the forum and relearn everything, sad part is hes read both MJ's books, aah man this thread got me really depressed.


View: https://www.youtube.com/watch?v=YzoMSgBzjsI
 
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even though I'm not free yet, the belief in myself that I can do it is through the roof having been the process of importing my own product, marketing, selling it, building & buying traffic etc.

A small fish in a big sea........

"even though I'm not free yet"

This is wantrepreneur mentality -- the suggestion that you'll be "free": have all this money, and never have to work again.

End of the day, all that matters are numbers.

You learned stuff. You're on the right track. Now put up numbers.

Don't imagine yourself being "free" until you're actually free. Imaging yourself in a position of success when you're not there yet is often times incredibly detrimental.

To restate my point: don't be satisfied until you win, there's a lot of roadblocks ahead and bumps in the road that you're unaware of, get ready to go through them.
 

sparechange

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Currently I'm going to need to source some manufacturers to create my own product(s)
Everything is pet related.

Two of them being unique which have to be designed from scratch.

Also a third one that is super complicated I'll be leaving for the future.

And a few others are not to complicated.

# 1 Making my own dog / cat toy, have a funny idea that my current Alibaba supplier is unable to fulfill.

# 2 Food, as I'm in Alberta right now I don't think it will to difficult to find some suppliers for this.

# 3 Dog shampoo, I'm able to get this from Alibaba although have ran into difficulty with suppliers requiring 1,000 MOQ #lol

# 4 Another idea I have, I'll be heading to Vancouver for a week or so in September and am considering a product release of my own that would cater to the market. Supplier wants a 720 MOQ at $2-3 or so and could potentially retail for $20-30 range. This could potentially be one of my home runs but have some doubts, although with market engagement perhaps its not to much of a worry. Actually come to think of it its something I could pre-sell and remove the risk factor.

ATM I'm making sales although my growth has been quite slow, one customer purchased a unit for a co-worker which is really cool. Theres a re-seller on Amazon doing 5 figures so my problem right now is my marketing and all that fancy jazz.

This isn't a product I can sell on Amazon right now as everyone already caught on and is selling for basically my purchase price from China (geez)

So the way to beat the competition is to have my own products (Two are brand new concepts that don't exist on the market now)

Thats my overall thinking right meow, with proper execution and building some sick pre-order/landing pages + Insta & FB ads along with Youtube & Influencers there's no reason at all to not hit my freedom quotas.

Still at my miserable job saving pretty much all of my money.

Any thoughts welcome on my approach / thinking!
 
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