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Broker/Import-Export/Alibaba.com - Anyone tried?

Discussion in 'General Entrepreneurship and Startup' started by Gymjunkie, Oct 6, 2010.

  1. Gymjunkie
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    Gymjunkie Silver Contributor Read The Millionaire Fastlane Speedway Pass

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    Anyone tried brokering and importing/exporting through alibaba.com.

    Basically, I just learned about a seemingly great business model. You find some distressed goods from manufacturer/seller, you find a buyer for it on ecommerce site like alibaba.com or even in offline world. You set up a meet for them if needed and help set up shipping. You get your comission.

    One can have big margins on that.

    Or even a smaller margin like one guy sells wallpaper for 70 cents/unt which costs 50ct/unt at manufaturer's. He makes 5k average comission on a deal.

    If one works on this full time, you can have multiple deals every week.

    Personally, I'm gonna try this out. Select a niche and then start brokering.. Even if I pulled off only a deal a month I could make dull time income from it prolly.

    Anyone tried this or wants to try?
     
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  2. AJ.
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    AJ. Contributor Read The Millionaire Fastlane

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    Sounds like a plan!

    Finding those distressed manufacturers is one of the initial hurdles... yet I think I can see the big picture.

    GO FOR IT! :D
     
  3. Gymjunkie
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    Gymjunkie Silver Contributor Read The Millionaire Fastlane Speedway Pass

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    Yeah, I'm going for it. Working now on a list of companies to contact (suppliers). Selecting two niches now.

    I think some people on this forum should have done brokering like this. I'm surprised there are no one sharing experience (or this may be such a good opportunity no one wants to share...).

    I don't think finding supplies will be tough.. it's a numbers game. THE toughest thing is money transfer and legal stuff.
     
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  4. Pinnacle
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    Pinnacle Bronze Contributor Read The Millionaire Fastlane Speedway Pass

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    I'm looking at Alibaba for apparel suppliers for my brand. I created an account a few weeks ago. It looks very promising but I am still in a shopping mode right now.
     
  5. Gymjunkie
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  6. biophase
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    biophase Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Are you looking for a distressed manufacturer in China and trying to match them up with an Ecomm store in the US?
     
  7. Gymjunkie
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    Preferably looking for American company and then sell it to outside of US. But if I finds something good than why not.

    Looks like American companies can write off distressed merchandise and that allows them to sell it cheap, cents on a dollar. Then I post an ad and wait for good buyers...

    It sounds real simple.. I can't wait to start.
     
  8. NHS
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    NHS Contributor Read The Millionaire Fastlane

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    I've signed up for it and emailed several people with no replies. I've since found manufacturers on my own and got my plate full.

    It sounds great but if they don't answer emails or the phone what can I do?
     
  9. Gymjunkie
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    Gymjunkie Silver Contributor Read The Millionaire Fastlane Speedway Pass

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    Sometimes doing it twice helps...I had to contact one South African company and talk them into letting my employers become representatives of their product in Ireland. They didn't respond first... Few weeks later I emailed them again. They responded by referring us to UK representatives. We didn't get to be exclusive yet (possible in the future) but we did get to sell the stuff..

    If that doesn't work, look for new ones! ;)
     
  10. gabmiller12
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    gabmiller12 PARKED

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    Hello, I tried Alibaba and it was not a satisfying experience. some of the suppliers are very difficult to deal with. Somebody recommended me a european based Business Searcher, called Momoway. I will have a go with them.
     
  11. Pershing
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    Pershing New Contributor

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    if you try to google phrases like "trade broker" or "liquidation broker" you'll find poor results, and that's because the infos about the subject are so precious that no one is willing to share. I tried to concact some brokers but they don't want to share the most important things.

    I tried to find sellers and buyers, and tested the market posting some classified ads saying that I have like 1.000 units of product X, and some potential buyers were pretty interested in them. OPPORTUNITIES DO EXIST!!

    The most important aspect, and the first problem I encountered is: how to avoid seller trying to contact the buyer? In this business contacts are so so precious, and you must keep them like a TOP SECRET.

    ...and, what is the most common procedure, step by step, of a typical transaction? How does the broker work?

    Who wants to keep in touch with me to know everything about trade brokering?

    You don't need Alibaba, you can brokering with buyer and seller both from US or Europe (I'm from Italy)
     
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  12. trshosta
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    Gymjunkie, I know this is an old thread but I was wondering whether you had any success brokering export deals as I am considering doing it myself. I am assuming you read John Durham's Alibaba Gold. I just joined to get in touch with you. Your inbox is full so can't send you a PM.
     
  13. Dilshad
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    Dilshad New Contributor

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    You can always contact your local custom broker for the legal stuff and check out cbp.gov for rules and regulations. I am so confused which business to get into. Sometimes I think real estate sometimes clothing etc.
     
  14. Leo Hendrix
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    Leo Hendrix Bronze Contributor Read The Millionaire Fastlane Speedway Pass

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    Thanks @Gymjunkie for the original post...I am actually getting into Trade brokering right now, although with a slightly different approach firstly it is all offline for now. @Pershing are you still following this thread? I might have some queries soon.
     
  15. Gymjunkie
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    Cheers. Gave it a try after finding information by John Durham but it didn't work for me. Couldn't do 50 calls a day.. and after talking with some suppliers didn't like it in the end. Not my thing. But for someone with the right skillset, can be great stuff.
     
  16. Leo Hendrix
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    Right.... what about turning it into Fastlane...? Maybe the process itself as a business service could be done...importgenius.com is more an information/data provider, so I think that industry can still be distrupted or some kind of innnovation can take place...
     

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