Buy discounted goods from China, and then, re-sell the same products back to China at a profit to make money?
Would this work? Buy discounted goods (anything) from the chines, and then find a chinese buyer for that same product and re-sell them back to the chinese at a higher cost (their economy is surging) , and then pocket the difference? Sound doable??
Other - Business & Finance - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
suppose I have 500 soccer balls, i sold one to u for $10. would i really want to buy it back from you for $20?
2 :
it won't works surely! the shipping cost is enough to make up the price difference even if you do not ship them back but sell them directly in the local market, then you have to pay tax when importing and pay tax again when exporting is that clear?
3 :
That depends. If you are in China, you pay cash to buy the products. It's not export. You don't spend extra shipping costs. This may work. If you import and then resell back, your cost will be greatly increased. This may not work.
4 :
I think it's a bright idea. And it might work - you could use drop ship technology (no shipping, goods never leave China). You could study the market and see whether buy-sale pair prices (for certain goods) differ. For instance, you can subscribe to Trade Alerts (free service - e.g. here: http://fon.gs/ali2 ) to receive current offers by email. By setting up free account, you can act either as a buyer or a seller and try to find the niche. I've been using trade alerts for getting cheap goods from China for further auctioning at Ebay, but your idea is much better - since goods won't leave China. Thanks for making me think, guess I'll try to explore the opportunities :)
