AshanD
New Contributor
I'm thinking about getting into the import/export business. Just brainstorming ideas now but I'm thinking along the lines of generic items that could be used in place of expensive brand items (ex. printer cartridges) or imported items with high perceived value (clothes, watches, car parts)
I know this business is not as simple as bringing some stuff in from china and then picking up checks. So I wanted to ask you guys who are in this business what are the biggest hurdles in import/export, what to watch out for, what a new guy should think about that he probably isn't considering.
My game plan is to take a trip to china after i graduate and see what I can find that could pssibly bring high margins. Set up some prototype auctions on ebay to see what the perceived value is, then decide if there is enough demand to set up a website devoted to this type of product.
Thanks for any advice
I know this business is not as simple as bringing some stuff in from china and then picking up checks. So I wanted to ask you guys who are in this business what are the biggest hurdles in import/export, what to watch out for, what a new guy should think about that he probably isn't considering.
My game plan is to take a trip to china after i graduate and see what I can find that could pssibly bring high margins. Set up some prototype auctions on ebay to see what the perceived value is, then decide if there is enough demand to set up a website devoted to this type of product.
Thanks for any advice
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
