Buying Wholesale/Made In China & Flipping For Profit

This is something I've been tinkering with lately with more and more success. You can do it offline and online these days. There are "thrift shops" for example where you can go and find big name brands: Levis, Reebok, Nike, Wolverine, to name a few and buy goods for lower than retail. Usually, the items are quite a bit lower than their retail "value". The deal with the store fronts though is actually finding goods that are worth a damn. A lot of times, you will not find much that has not already been picked over. The ideal situation, being to find items you can flip for a profit. Hopefully for 2-3X the $$ you paid. Here's where the online part comes in. Nowadays there are Chinese manufacturers making VERY GOOD and convincing replicas of top brand name items. I'm not going to do ALL of the work for you, but if you are resourceful enough, you can find what I'm talking about with a little digging around online. The trick with this approach is to be competitive. You have to do a little of your own research. I will use one real life example of my own. A certain item (nope, won't name what or the brand...you gotta do SOME work) at retail and by the American made brand sells typically for between $550-$585 at most retailers. There's a Chinese company selling a VERY good reproduction of the same item for $150. I sell this item for $450. Over $100 less than anyone else. Guess where people are going to get this item from?? That's right That's over $250 profit for me per this item sold after I cover a PayPal fee and shipping.

Just handing out another red pill. Hope this helps someone. It's really not hard to make a lot of damn money if you got half a brain these days.

So basically this is byuing cheap chinese clothes 2nd hand for cheap and selling them for fot 0.5-3X their original value? Well, it does sound interesting, I done something similar (or at least have tried doing something similar), but where I am from (here in Bulgaria) all the chinese stuff are no good quality. Even if it is a replica of a big brand- it does not live up to its name, that's the problem. Тhe only way I see this happening is to order the stuff online and then re-sell them for higher price. How long have you been doing this for SWM? I am interested, but currently I don't have a lot of money to invest sadly....

Also, if you've been doing this for some time now- do you find it possible to make 500-700$ a month?

Zambrodom3;631956 said:

So basically this is byuing cheap chinese clothes 2nd hand for cheap and selling them for fot 0.5-3X their original value? Well, it does sound interesting, I done something similar (or at least have tried doing something similar), but where I am from (here in Bulgaria) all the chinese stuff are no good quality. Even if it is a replica of a big brand- it does not live up to its name, that's the problem. Тhe only way I see this happening is to order the stuff online and then re-sell them for higher price. How long have you been doing this for SWM? I am interested, but currently I don't have a lot of money to invest sadly....

Also, if you've been doing this for some time now- do you find it possible to make 500-700$ a month?

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AliExpress.com - Online Shopping for Electronics, Fashion, Home & Garden, Toys & Sports, Automobiles from China. Is a good place to start. There are WELL made Chinese products. China is beginning to seriously close the gap on American, or other made quality. You do still see a lot of low quality goods, sure, but it's nowhere near like it used to be even a few years ago.

I have been working on it for a couple months. $500 a month is nothing. I average, currently a few sales a week. So, about $780 a week with what I currently do and there's a lot more potential than that.

Interesting.
Do you import it first and do you sell it as a replica or as an original?

dickerschwanz;631968 said:

Interesting.
Do you import it first and do you sell it as a replica or as an original?

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I buy the goods as needed. I explain when I get an order "Due to high order volume, I currently run on about a two week back order. Sorry if this is inconvenient. However, if you cannot wait, I can refund your money." Very few customers want a refund. That's because I am competitive with my pricing. I watch the market on similar items and undercut. It's pretty simple and it's called capitalism. People use similar tactics on sites like Ebay. I sell the items as original. Why would I sell them as replicas if the quality is on par with the original? If the same materials are used, the quality is the same, etc. The labor used to make the item is just a fraction of what it would be elsewhere. Apple does this. LOL They make most of their good in China. They use cheap labor, and then mark up...an iPhone for example by 300% and the consumer happily buys.

Be a sheep....stay ignorant and drink the Kool Aid, or be a wolf and forge your own path. I have chosen the latter.

stillwantmore2;631969 said:

I buy the goods as needed. I explain when I get an order "Due to high order volume, I currently run on about a two week back order. Sorry if this is inconvenient. However, if you cannot wait, I can refund your money." Very few customers want a refund. That's because I am competitive with my pricing. I watch the market on similar items and undercut. It's pretty simple and it's called capitalism. People use similar tactics on sites like Ebay. I sell the items as original. Why would I sell them as replicas if the quality is on par with the original? If the same materials are used, the quality is the same, etc. The labor used to make the item is just a fraction of what it would be elsewhere. Apple does this. LOL They make most of their good in China. They use cheap labor, and then mark up...an iPhone for example by 300% and the consumer happily buys.

Be a sheep....stay ignorant and drink the Kool Aid, or be a wolf and forge your own path. I have chosen the latter.

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Interesting indeed, but just one question- What is the two week back order? Do you first just post pics of the products and when they wish to order something it is THEN that you order it from the main site to sell it to them?

Yes. I don't find a need to hold inventory. If something doesn't sell all of a sudden, I don't want to be stuck with it.

stillwantmore2;631977 said:

Yes. I don't find a need to hold inventory. If something doesn't sell all of a sudden, I don't want to be stuck with it.

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Yes, that's an amazing idea! Hmm, I need to research a bit more and see sites similar to the one you mentioned above- where I can buy cheapo stuff and then re-sell it for a better price. I have to do my own research on the market prices and all as well. Basically, you open a profile and list the products along with their prices, then, when people want to order something- you just tell them that it would take a 2 week period for the package to get delivered, cause you're too busy with the other orders (have a high volume of orders). You order the stuff from the main site and you send it to the people that ordered from you (for a higher price). Basically you lose nothing (as you buy stuff you know for sure people want- as they have already placed their order), but still win some $ from re-selling for a higher price. Am I wrong?

You've got it. I really don't understand why most people who have a job would only rely on their job for an income these days. Its the poor man's plan. It's just too easy to have multiple income streams. Plus, these days most jobs that average people have are not "safe and secure". I have a total of three income streams currently. My job, my hanger business, and this one. If one goes south, I have the security of the others.

stillwantmore2;632045 said:

You've got it. I really don't understand why most people who have a job would only rely on their job for an income these days. Its the poor man's plan. It's just too easy to have multiple income streams. Plus, these days most jobs that average people have are not "safe and secure". I have a total of three income streams currently. My job, my hanger business, and this one. If one goes south, I have the security of the others.

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Yes, you are right, good thing is there is no chance for you to actually LOSE an investment that way. Nice!

Selling knock-offs is illegal you know that right? Sure you probably think it's no big deal but it only takes one loser to turn your ass in and you are giving your profits back in attorney fees and believe it or not, posssible prison time ... laugh all you want but I already know one person this has happened to.

You might want to check other Asian countries for better knock-offs than China. For instance, when it comes to high-end purses .... Prada, LV etc. China no longer has the best knock-offs.

Be careful dude ... alot of bitter, jealous, losers out there that would see your back as a nice bullseye.

Still, were can i find this "thrift shops" ?

Tearitup;632052 said:

Selling knock-offs is illegal you know that right? Sure you probably think it's no big deal but it only takes one loser to turn your ass in and you are giving your profits back in attorney fees and believe it or not, posssible prison time ... laugh all you want but I already know one person this has happened to.

You might want to check other Asian countries for better knock-offs than China. For instance, when it comes to high-end purses .... Prada, LV etc. China no longer has the best knock-offs.

Be careful dude ... alot of bitter, jealous, losers out there that would see your back as a nice bullseye.

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We are separate planets but thanks.

Oh shady business practices. Everyone in it for themselves. It appears SWM goes by the theory that if someone else does it, why shouldn't I? SWM's history in the PE world is a shady one so it is understandable that it would be he to promote this type of business practice like lying about product authenticity and shipping "delays". Really looks bad on theMOS reputation that they were the forum to allow SWM back in.

texasboylife8;632117 said:

Oh shady business practices. Everyone in it for themselves. It appears SWM goes by the theory that if someone else does it, why shouldn't I? SWM's history in the PE world is a shady one so it is understandable that it would be he to promote this type of business practice like lying about product authenticity and shipping "delays". Really looks bad on theMOS reputation that they were the forum to allow SWM back in.

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I was just sharing an idea. I'm sure you've never looked out for yourself or made a decision in your life that favored yourself over someone else outside of your saintly existence on MOS or anywhere else online. It doesn't look bad on MOS for being the forum that forgave me. That actually says a lot about MOS, DLD and Jaz. I'm thankful they're better than the rest.

This isn't a thread to discuss business morals. If you don't like the idea, move along. There are plenty of other opportunities for you. Business isn't for everyone.

Looked out for myself or made decisions that favored myself by lying to others for personal financial gain? You are right. I have never done that. You shared more then an idea. You shared your unethical business practices as well as a big part of your personality type.

Unfortunately you are wrong because business is for everyone (this does not mean everyone runs their own business). That is why someone like yourself who will lie to sell products can have a business. It is why consumers unfortunately can never be 100% certain they are actually getting what they think they are getting.

You are promoting what MOS fights against when it comes to the purchasing of China made bathmates. The people who order those China made bathmates in most cases think they are ordering the real deal because those sites are made to look official. I wouldn't be surprised if you sell bathmates lol.

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I do run a business. An honest one. 3 restaurants that at this point run themselves.

The business practices you promote are what's wrong with this country (greed and money over people) and are disgusting behavior.

lol dont know what to make of this. Im sure it works. Interesting that you share it.
obviously very shady lol.
Is it more shady then the official company selling the same for a higher price? probably not lol

Its of course immoral and wrong towards your customers as you dont tell your customers:
Same shit, not the same company.
Then again people like beeing lied to. No one wants to hear how his stake got onto his fork.

dickerschwanz;632234 said:

lol dont know what to make of this. Im sure it works. Interesting that you share it.
obviously very shady lol.
Is it more shady then the official company selling the same for a higher price? probably not lol

Its of course immoral and wrong towards your customers as you dont tell your customers:
Same shit, not the same company.
Then again people like beeing lied to. No one wants to hear how his stake got onto his fork.

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Believing that people like being lied to is just a way for a person ripping people off to make it seem okay to themselves. An official company selling their product for more money isn't shady. Using bathmate as an example, of course they need to sell it for more money. They have much more money invested into product design and manufacturing. As well as advertising. It is not shady for them to want to be able to pay themselves as well as the employees of the company. Inventors of a product deserve to be well paid. The people who rip off bathmate are able to charge less because all they did was steal the hard work of someone else

Right but you can also do this without misrepresenting and item.

Theres plenty of chinese products that you can buy for way less money than the U.S.A. counterpart and sell them for a profit while still undercutting your competitors without the need to pretend that it is a brand that its not.

I did so recently, obviously the profit margin is not as good but it is still profitable. And if you have enough listings than you can make some good money.

Exactly!