Questions

So I can sell for a profit online or in person - gaming consoles,gucci belts,glasses,designer clothes.

I am importing designer clothes, glasses and perfumes from China to Europe and can help out with suppliers. The profit margin there is good, however electronics are tough - especially gaming consoles.

Here is why:

Pick a brand that manufactures certain items in China. Ralph Lauren Polo shirts are a good example. You buy them here for roughly $17 a piece from a 'third shift supplier' and then resell them anywhere for $24 or in some countries up to $39. That profit margin makes sense.

With electronics, due to the lower profit margin, you'll make around 3 times the profit of a shirt, however the money used is 10 times higher, demand is lower and in case you end up with a non-paying customer you have more money 'blocked' in storage.

Glasses are good, profit margin is even higher than with clothes, however you will sell seasonally (e.g. in Spring/Summer). I would focus on RayBan, because they are timeless, make good sales and contrary to their advertisements are actually made in China and not in Italy.

And don't make the rookie mistake of buying from alibaba or aliexpress and thinking that you have a good deal - there are much better ones. Or you end up with fake items that get seized in customs.

It's not complicated. If you really want to do this I can walk you through, find you suppliers and answer any questions you might have.

George


Answered a month ago

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