How to Start Your Own Small Importation Business in 2014. It is Cheaper and Easier than you think!

Written by  Monday, 23 December 2013 00:20

The world is indeed becoming a smaller place. Who would have thought that ordinary people like you and I (who do not have a fat bank account) can now import goods directly from overseas suppliers? Before I started researching the small scale business idea that I am about to share with you in this article, I thought international trade was reserved for the government and rich big importers who had strong connections with manufacturers and suppliers abroad. Well, not any more. This article reveals how small scale businessmen and entrepreneurs in Africa can become part of the import business with little capital investment. With the knowledge contained in this article, you too can import products at low wholesale prices and sell them for a much higher profit. By the time you’re done reading this article, you’ll know everything you should to become an importer and international businessperson!

How the importation business works…

Before we get into the thick of this article, it’s important that we understand the basics of buying and selling. How is money made in the ‘buy-and-sell’ business? Simple; you buy something (wristwatches for example) at a low price and sell them at a higher price to make a tidy profit. To increase the size of profit you can make, there are basically two options you have. You can either find a way/place to buy wristwatches at a lower price or look for customers who will buy them at a higher price. This is how everybody in the retail (buy-and-sell) business makes money (profit). Buy low, sell high. It’s simple math!

 

To make sure you understand the opportunity we’re about to share with you, we shall use a quick illustration. Let’s assume you are the owner of a small business that sells foreign-made wristwatches. You have a small shop in which you display all your lovely wristwatches for customers to admire and possibly buy. Because you can only afford to stock about one hundred wrist watches at a time, you have no option but to buy from big importers who, because of their large capital, can buy thousands of watches from foreign manufacturers at very low wholesale prices.

 

Although you would love to enjoy these low wholesale prices too (which will increase your profits), you don’t have the kind of capital the big importers have. Even if you could buy directly from the foreign product manufacturers, it would still be tough. Most manufacturers and suppliers have a Minimum Order Quantity (MOQ) requirement. MOQ is the minimum quantity of products a supplier will sell to you in order to make a worthwhile profit. This is why they prefer to sell to the big importers who buy large volumes (container loads) of their products. Since you can only afford a few hundred watches, most of the big overseas suppliers won’t want do business with you.

 

As a result, you are stuck with the big importers. The profit you can make in your business is limited by whatever price they decide to fix on the imported goods. The infographic below shows how the big importers act as ‘middlemen’ between you and the watch maker thereby reducing the profit potential of your business.

 

1.How to start a small import business 2
 

Thankfully, things have changed. The internet has brought down the walls which used to restrict access to manufacturers located thousands of kilometers away. Improvements in transportation and logistics now make it possible for small businesses with little capital to import smaller amounts of stock at low shipping costs. Finally, entrepreneurs and small businesses can enjoy the same low wholesale prices that the big importers have enjoyed for a very long time. The illustration below shows how this new business opportunity cuts out the middleman and allows you to buy directly from foreign manufacturers at lower prices that allow you to make a larger profit.

 

1.How to start a small import business 3

 

Something you should know before we get started…

Many of the products and suppliers that shall be introduced to you in this article are made or based in China. Although we shall also talk about products from the US and Europe, the tips in this article reveal more about buying products from Chinese manufacturers and suppliers. The most likely question on your mind right now would be: Why China? Good question. We’ll tell you why.

 

1.How to start a small import business 4
 

As you may already know (or don’t know), most products in the world today are manufactured in Asia, particularly China. Toys, home appliances, accessories, computers, laptops, mobile phones and even Apple’s iPads are made in China. Let’s try to verify this by doing a quick check of the products that are around you right now. You would be amazed that roughly 4 out of 5 things around you were manufactured in China. I’d like to use myself as an example. The laptop I am using to type these words is a HP Notebook made in China. The shirt I’m wearing, my earphones, my wrist watch and my iPad – all made in China. My mobile phone is probably the only thing that’s ‘Assembled in Brazil’. So the 4 out of 5 theory is true in my case!

 

Apart from food products, China is the Number One source of all the hot-selling and fast moving consumer products you know. China is one of the cheapest manufacturers in the world because of its low labour and production costs. As a result, many of the big brands that you know (Apple, HP, Louis Vuitton etc) make their products through factories and contractors based in China. To ensure the quality of their products are not compromised, US and European countries set very strict standards which the Chinese usually comply with.

 

Why am I telling you all this? It’s because many people in Africa have come to suspect Chinese products to be low quality. While this may be true, I don’t think we should blame the Chinese. After all, China also produces many of the high quality products in America and Europe. If our governments could enforce strict quality and safety standards for products coming into Africa, the Chinese would comply as they do for their clients in the USA and Europe. However, you don’t have to worry about importing low quality products. In the later part of this article, we shall share with you the secrets of finding high quality products and suppliers that meet US and European standards.

 

What do you need to get started?

To join the new and growing league of small business men and women who can now import products at low wholesale prices directly from overseas suppliers and manufacturers, you would need just the following:

 

  • A computer or mobile phone with access to the internet;
  • A valid email address
  • A valid and traceable home or office address in your country where the items you order will be shipped to.
  • A little money in your bank account. (We'll talk about this a little later in this article)

 

Yes, you’re right, that’s all you need! This means that you can shop for, order and import all the products you want to sell from the comfort of your bed, breakfast table or while you are sitting on a bus (via your mobile phone). Please note that a P.O Box or PMB (Private Mail Bag) does not qualify as a valid and traceable address.

 

Let’s get started!

You should be excited to start your new and promising small-scale import business. But before you get on your computer or mobile phone to start shopping and ordering products, let’s walk you through eight of the most frequently asked questions. By the time you’re doing reading these, you would know the best and most-trusted places to buy from, how to confirm the quality of products, the payment process and several more. Let’s dig in!

 

#1 - Where should you buy from?

The following websites are our top recommendations as online marketplaces that sell products at low wholesale prices:

 

Aliexpress.com

1.How to start a small import business 5Aliexpress.com has become the leading destination for small scale importers looking to buy goods at wholesale prices from China. Aliexpress is one of the subsidiaries of the Alibaba Group which dominates internet-based commerce in China. In fact, in 2012, Alibaba’s portals handled sales of up to 1.1 trillion Yuan ($170 billion), more than its competitors (eBay and Amazon.com combined). The Alibaba Group is estimated to be worth between $55 billion to more than $120 billion.

 

The Alibaba Group launched Aliexpress in 2010 as an online retail service made up of mostly small sellers offering products to online buyers. It has more than 20 major product categories and sells to registered users and buyers in more than 220 countries around the world. You can visit its homepage at www.aliexpress.com

 

DHgate.com

1.How to start a small import business 6DHgate.com is a business-to-business (B2B) e-Commerce website connecting China-based small and medium enterprises with buyers overseas. The website is a fast trading marketplace where users can order Chinese-manufactured products directly through the site. The company has been in business since 2004 and is backed by investors KPCB, JAFCO and Warburg Pincus.

 

It offers customer support through online chat, e-mail messages and phone support. The website is primarily in English but is also offered in other popular languages spoken in Africa such as French and Spanish. DHgate offers a wide range of products and you can visit its home page at www.dhgate.com

 

iPmart.com

1.How to start a small import business 7iPmart.com (started in 2001) is a huge wholesale market that ships products from China, USA and Malaysia. Unlike Aliexpress.com and DHgate.com which have a wide range of products, iPmart.com is focused on electronic gadgets like mobile phones, game consoles and their spare parts and accessories. If you’re interested in technology products, iPmart.com is the place for you. You can visit its homepage at www.ipmart.com


To start shopping and placing your orders on any of these websites, you need to sign up to become a registered member. To sign up or register is usually very easy. By clicking on the ‘Join Free’ or ‘Register’ link at the top left/right corner of the home page, you will be sent to a registration page to complete a short form. All that is usually required is a Name, valid Email address and Password. If you prefer, you could sign up or register using your Facebook account.

 

As soon as your registration is complete, you can start shopping and adding items to your cart. When you’re ready to order, you will be led to the Payment page. This leads us to the next important step…

 

#2 - How can you pay for products?

 1.How to start a small import business 8
 

Payment was one of the reasons why it was nearly impossible for small businesses to import directly from overseas manufacturers and suppliers. Banks had to issue a Letter of Credit or Bank Guarantee which often involved a long and complex process. Today, through easy online payment systems, all the websites we mentioned above accept payment through a wide range of channels. You can do a simple bank transfer or pay with a credit/debit card. Yes, the same card you use at the ATMs can be used to make purchases on these websites. Just make sure your bank account is sufficiently funded so you can make payments. Fast and easy! No banks or long processes involved!

 

#3 - What if you get scammed?

Scams and fraud have been a big issue in internet-based transactions and e-Commerce for a long time. What if you receive the products and they are fake or not exactly as the supplier described? What if you pay for the products but they are never shipped and delivered to you? How can you make sure that you get the EXACT products you paid for without getting scammed?

 

Good and important questions! All the websites we have recommended to you in this article have some form of ‘buyer protection’ mechanism built into the payment process. This mechanism, also known as ‘Escrow’, is the same role the banks have played in the import business and international trade for a long time. The way ‘escrow’ or buyer protection works is simple. Rather than pay the seller directly, Aliexpress, DHgate and iPmart withholds your payment until you receive the products you ordered and confirm that they are not fake/damaged. The image below is an example of the escrow system operated by DHgate.com. It’s a simple five-step process that ensures that the buyer is never scammed and gets what he/she pays for.

 

1.How to start a small import business 9
 

Sites like Aliexpress.com and DHgate.com offer reimbursements and return your money if you are not satisfied with the products you receive. All of this is done to reduce the risk/fear that you’ll lose your money. We cannot say that it’s a 100% risk-proof process. However, we can say that it’s often unlikely that what you fear the most (getting scammed) will happen.

 

#4 - How can I find high quality products and reliable sellers?

This is usually one of the biggest concerns most people have about buying products from China. Unlike the strict quality and safety standards which protect buyers in the US and Europe, African small businesses are vulnerable to low quality products. So how can you be sure that you’re buying good quality products from a reliable seller?

 

This is where the beauty of customer feedback ratings come in. A Feedback Rating is a measure of a seller’s reputation on AliExpress and DHgate. After every transaction is completed, buyers can leave a positive or negative feedback based on their experience with that seller. This rating adds up to affect the overall rating of that seller. If the seller usually delivers as promised, he/she often gets more positive feedback from satisfied customers. On the flip side, if the seller’s service is crap, dissatisfied customers will be happy to give him/her a negative feedback which brings down the seller’s rating.

 

Some of these ratings are based on a scale of 0 to 100% or between 1 (low) and 5 (high) stars. So, when you find a product you’re interested in, we strongly recommend that you take a quick look at the seller’s feedback rating. We advise that you only consider sellers who have an average positive feedback rating of 90% or 4 and higher. However, this rule is not absolute. You should take the time to read the actual comments and feedback by previous buyers. From reading these, you will get some vital insights and pieces of information about the quality of the seller’s product, early or late deliveries and so on.

 

We also strongly advise that you take your time to read the product descriptions/details, seller guarantees and shipping conditions which are usually at the bottom of every product page. You need to confirm that the product you’re buying has the features you’re looking for. Remember, what you pay for is what you get.

 

#5 - How will the products be delivered to you?

Some products on Aliexpress.com and DHgate.com come with a ‘Free Shipping’ service to many countries around the world. Free shipping is often delivered through China Mail Air Post or Hong Kong Mail services. While the free shipping option is very attractive, it often takes the longest time to get your goods delivered to you; usually between 15 to 60 days depending on the product and your location. In addition to a longer delivery period, it may be impossible to track the location of your package all through the delivery process. If security and early delivery are not serious concerns for you, the money saved through free shipping can significantly increase the profit potential of the products you import when you sell them.

 

Other common options for delivery on Aliexpress.com, DHgate.com and iPmart are DHL, EMS and Fedex. Although these are much more expensive options, they usually deliver your products to you in a shorter time and allow you to track them on their way to you. However, using these options is very likely to reduce the profit potential of the products you order unlike the free shipping option.

 

Tip: Whether you decide to use a free shipping option or a faster delivery service for your order, we advise that you include your mobile phone number in the shipping address you provide. More often than not, you will receive a telephone call from local post office or local DHL/Fedex office to come pick up your items. Including a phone number may mean the difference between a delivered packaged and a lost one.

 

#6 - What are the most popular and hot-selling products?

The websites we revealed to you earlier have most of the popular and hot-selling products you can think of. Some of these products are clothing accessories (for both men and women), consumer electronics (like cameras and gadgets of all sorts) and mobile phones and accessories (headphones, chargers, batteries etc). One of the most popular and fast moving products is hair extensions. Hair extensions of all types (especially real human hair from Brazil, Peru and India) are in hot demand by a growing number of young African women, many of who live in cities and are in the middle and working class.

 

1.How to start a small import business 10
 

Over 60 percent of Africa’s one billion people are less than 30 years old. A considerable proportion of this young population are very interested in fashion accessories and electronic gadgets. In addition, our continent is now the largest market for mobile phones in the world after Asia. As a result, Africa presents a very lucrative market for all sorts of mobile accessories.

 

There is really no hard and fast rule when it comes to finding the best products to import and sell in your local market. You need to look out for trends in your local market. You need to have an eye for the kind of products that are in high demand in your area/country. Import a sample of a product first and find out how many of your friends may be interested. Look out for products that already exist in your market that you can import and sell for at cheaper prices. There’s a lot of potential in this business if you can find the right products for your customers at the right prices.

 

#7 - How will I find buyers for the products I import?

Very interesting question. If you already have (or can find) a small shop for the products you import, that would be great. This is the oldest and traditional method around but it still works. Interested buyers will walk into your shop and possibly buy from you. You will likely have a significant advantage over any competitors around who sell the same products as you do. Because you import directly from overseas suppliers, you can sell your products at much lower prices that they can’t even dream of. It’s your trade secret!

 

For those entrepreneurs who would love to start this business but do not have a physical store or shop (and cannot afford one), there is hope. The internet has changed the whole selling experience and made it much easier to sell stuff to both people you know and total strangers. Using a popular social media network like Facebook, it is now possible for anyone to set up an online store/shop for free! All you have to do is upload pictures of the interesting items you just imported and invite your friends (and their friends) to come have a look. If they like the product and price, they’ll contact you to purchase it!

 

In another article, we revealed the full details and step-by-step process of creating a Facebook Page for your business and how you can use it to attract and win customers for your new business. Creating a Facebook Page that displays the products you import is one of the easiest and cheapest ways to open your own store online! You should take the time to read the full article here.

 

#8 - How much capital do I need to start?

As you will notice when you visit any of the websites we recommended, many of the products on sale are very cheap. Not all of them, but many of them sell at very low prices. In fact, the more units of a product you buy, the lower the price you pay; that’s the benefit of buying wholesale. And don’t forget, the lower the price you pay, the higher the profits you can make.

 

You don’t need to break the bank or get into debt to start this business. As we always advise here on smallstarter.com, start small! Start with products that cost little but are in high demand in your area or country. Use this to test the viability of this business idea and grow your confidence. For most of the products you import, you can make over 50 to 100% profit margins if you can find the right buyers to sell to. As you make some money in your new import business, you can start to try out other products that cost a little more.

 

Tip: Never let your excitement about this business get the better of you. Avoid the temptation to invest a lot of capital when you start out unless you already have ready buyers for your products. Start small and then grow gradually. This strategy may take a little more time but it’s less risky and helps to build your experience and confidence.

 

In Summary…

Like we mentioned earlier, the opportunity for small businesses and entrepreneurs like you to import directly from overseas manufacturers and suppliers has not always existed. It has now become possible partly because big businesses around the world have come to recognize Africa a strong and emerging economic powerhouse.

 

If export-dependent countries like China must continue to grow, they will need to sell more of their products to markets like Africa that have a huge and growing consumption. Africa is now one of the fastest growing markets for consumer products and the Chinese are doing everything they can to deeply penetrate our market. One of the ways they are doing this is by eliminating middlemen from the import process, making the payment process easier and faster, and reducing the risk of scams, fraud and low product quality.

 

1.How to start a small import business 11During my research for this article, I decided to put my money where my mouth is. The stainless steel pocket watch to the right is a sample product I found and paid for (about $6) on Aliexpress.com. I decided to use the free shipping option offered by the seller and the item will be delivered by China Mail Air Post. The seller’s customer feedback rating was 96.6% and when I read through the 67 customer comments, many of them were quite positive. I received a tracking number and some follow up emails telling me that my order has been shipped. Although I have been told that delivery will take between 15 and 60 days, I expect it may take longer due to the Christmas holidays. I shall surely update you as soon as I receive (or don’t receive) the package.

 

We believe that the opportunities we have shared with you in the small-scale import business will be taken further by your creativity and energy. You could also choose from many more lucrative business ideas in the Browse ideas section of this website.

 

What do you think about this business opportunity? Please leave a comment, share your views and ideas or ask any questions you may have in the Comments section below. We would also appreciate that you share this article with your friends using the Facebook, Twitter and Google+ buttons below. You never know, you could inspire and change somebody’s life today!

 

To your financial success!

 

 

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Comments   

 
SoulM
+1 # SoulM 2013-12-25 22:55
A very insightful and educative article. Thumbs up to the scribe, I really enjoyed it and hope to avail the myriads of information made available on this site as I begin to nurture my entrepreneurial mind.
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2013-12-26 21:21
SoulM,

Thank you for such a kind and encouraging feedback. It's all we need to continue writing more great articles.

We appreciate the time you took to read the full article and leave a comment.

Cheers!

John-Paul :-)
 
 
Tendai UK
+1 # Tendai UK 2013-12-27 03:32
This is great guys,i really thank you for all the information you are providing.
Keep it up guys and thanks for bringing Smallstarter to us.
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2013-12-27 08:10
Hi Tendai,

Thank you for your very encouraging feedback. We deeply appreciate it and hope you keep reading our articles.

Cheers!

John-Paul
 
 
ron
0 # ron 2013-12-27 04:55
beware, most phones on aliexpress are fake Chinese versions of the real phone.
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2013-12-27 08:16
Hello Ron,

Thank you for the feedback. It confirms my warning in the article about buying products only from sellers with high ratings and high positive customer feedback.

If you're considering a phone on Aliexpress.com or any of the other recommended online marketplaces, I strongly suggest that you read the comments left by previous buyers of the products. This will often provide very valuable information that may not be obvious to many people.

Thanks again Ron for pointing this out.

Cheers!

John-Paul :-)
 
 
Fadhili mwangi
0 # Fadhili mwangi 2013-12-27 17:30
A million thank you for providing all this information,my question is after buying products from any of the online market places mentioned above will i have to pay again before collecting them at the final destination?
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2013-12-27 22:40
Hello Fadhili,

We're glad you found the information in this article useful. Regarding your question, you will not have to pay any extra fees when the items arrive at the final destination.

If you choose to ship your items through international couriers like DHL, EMS or Fedex, you will pay for this service at the same time you pay for the products you bought online. The products will be delivered to the address you provided or you may be called to come pick it up.

As we mentioned in the article, if you choose to use the Free Shipping option, the package will often be delivered to the post office closest to your address. That's why it's always a great idea to provide your telephone number just in case.

I hope we've answered your question(s) well?? Feel free to ask any other questions you may have.

Cheers!

John-Paul 8)
 
 
the warrior72
0 # the warrior72 2013-12-28 01:18
Thanks for this educative& insightful-well detailed article on small scale importation.

My questions are, is there a site were we can buy refurbished or fairly used laptops, cellphones or electronics.

Which types of debit card is accepted by this online transaction?
 
 
Solomon
0 # Solomon 2013-12-28 08:55
Quoting the warrior72:
Thanks for this educative& insightful-well detailed article on small scale importation.

My questions are, is there a site were we can buy refurbished or fairly used laptops, cellphones or electronics.

Which types of debit card is accepted by this online transaction?

Quoting the warrior72:
Thanks for this educative& insightful-well detailed article on small scale importation.

My questions are, is there a site were we can buy refurbished or fairly used laptops, cellphones or electronics.

Which types of debit card is accepted by this online transaction?


Laptops: www.cowboon.com
Phones: www.cellularcountry.com
For these sites, you will need third parties to help make your purchases
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2013-12-28 10:15
Hello Warrior,

Thank you for the compliment. We deeply appreciate it. I believe the Number 1 place for refurbished and fairly used laptops and electronics should be eBay.com. There could be other sites but I'd advise that you do your background checks first.

About your second question, both debit and credit cards are accepted. These are the same cards you use at the ATM to withdraw money.

Thanks again for leaving a comment.

John-Paul
 
 
Sir G
0 # Sir G 2013-12-28 08:08
This is indeed great. This site has been wonderful and has affected many lives (including mine). More Grace.
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2013-12-28 10:17
Thank you very much for your kind and encouraging comment. I am glad you have been inspired.

John-Paul. :-)
 
 
Fadhili mwangi
0 # Fadhili mwangi 2013-12-28 17:03
Thank you still have one more question,"A valid and traceable home or office address in your home country where the items you order will be shipped to,Please note that a P.O BOX or PMB (Private Mail Bag) does not qualify as a valid and traceable address"my question is what qualifies as a valid and traceable address?
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2013-12-28 20:38
Hi Fadhili,

A 'valid and traceable address' usually contains the following:
1. A house and apartment number (if available)
2. Street/Road
3. City
4. State/Province
5. Country
6. Telephone number

So, an example of the kind of address I'm talking about would be:
House 345 Smallstarter street
Victoria city
Lagos state / Province
Uganda
+222 567 6278 245


A PO Box or PMB is just a box/bag that sits at the post office. You will need a physical address (and phone number) to make sure your package gets to you.

I hope I've provided the answer you're looking for.

Cheers!

John-Paul :-)
 
 
Ayuba
+1 # Ayuba 2013-12-29 11:47
Thanks. May God reward you.
This makes it easier to read and understand than in the mother site. Thank you.
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2013-12-29 23:31
Thank you Ayuba!
 
 
jfk
0 # jfk 2014-01-05 20:50
thanks a lot i hope this article will help many aspiring business people thruoghout africa
 
 
smallstarter ThinkTank
+1 # smallstarter ThinkTank 2014-01-06 14:23
I hope so too JFK. Thank you for leaving a comment. I appreciate it!
 
 
David
0 # David 2014-01-21 01:17
Thank you educative information, mine question is. is't posible to change the previous address.
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2014-01-27 14:49
Hello David,

Thanks for the question. What 'previous address' are you talking about? Please make your question clearer so I can get you the answers you need.

Cheers.

John-Paul 8)
 
 
klngsola
0 # klngsola 2014-01-23 17:38
I want to say thank you for this wonderful info,pls l want to know if same process is applicable if you want to sell out your prodicts outside of the countrye.g farm produde.
Thank you
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2014-01-27 14:48
Hi Kingsley,

I'm not sure we have an online market place like Alibaba.com where African sellers, manufacturers and farmers can sell their products to the outside world.

An online marketplace like that would be a great thing to have.

Thank you for leaving a comment.

John-Paul :-)
 
 
Biodun
0 # Biodun 2014-02-11 23:53
this is wonderful! lovely piece of information. i hope to start an online business soon. thanks so much
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2014-02-16 11:49
Thanks Biodun. I'm glad you found the information useful.

Cheers.

John-Paul :-)
 
 
ugochi
0 # ugochi 2014-02-13 17:48
wow,this is an incredible article. thank you for this piece of information,i ve been trying to find someone who can guide me through a new business i want to start,but am glad i found this article. u have helped me a great deal. thank u so much.
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2014-02-16 11:51
Thanks Ugochi. I am deeply encouraged by your kind feedback. We promise to keep sharing more interesting business ideas and hope you keep reading our articles.

Cheers.

John-Paul
:-)
 
 
feroz khan patan
0 # feroz khan patan 2014-02-15 05:48
i am feroz khan . i want to start a small scale business.with in low investment.
i am belongs to Vijayawada city(Andra pradesh )(India).

any one helping with your ideas.witch business can profitable.how to start.
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2014-02-16 11:54
Hi Feroz,

Thank you for leaving a comment. We have over 50+ business ideas you can try out on this website. They are all at: www.smallstarter.com/browse-ideas

I wish you all the best and hope you find a business idea that lights a bulb in your head and moves you to action.

Thanks again for visiting and see you around.

Cheers.

John-Paul :-)
 
 
Adelani Akamo
0 # Adelani Akamo 2014-02-16 04:44
Hello
Beautiful house we have here.an inquisitive one, datz d entepreneural spirit.
My question, about the pocket watch the team ordrred for to test the Import cues. And v u received it yet, how did it go down, was it as speculated?

Your reply should clear d air of any doubt.
Thanks. Info shared appreciated
 
 
smallstarter ThinkTank
0 # smallstarter ThinkTank 2014-02-16 12:13
Hi Adelani,

I'm glad that you asked about the pocket watch. It shows that you're paying close attention.

Like I mentioned in the article, I bought the pocket watch from a seller on Aliexpress.com with a free shipping option via China Air Mail. I paid for this item on 17 December 2013 and it was shipped off about 2 days later.

Fast forward to February 14 this year (more than a month after I bought the item) and I still haven't received it. The good thing is, the seller cannot receive payment for the goods from Aliexpress until I confirm on the website that I have received the goods in good condition.

If 60 days after the product is shipped, I do not come back to confirm, Aliexpress automatically closes the transaction and releases payment to the seller.

So, in my case, I opened a dispute resolution entry on Aliexpress stating that my goods (pocket watch) had not still arrived and asked for a refund. I got a response in less than 24 hours telling me that my money ($6) will be refunded to my bank within 5-7 days. Not bad at all! When I get back the money, I'll try to buy something else and see if it works.

What I learned from this experience
1. Aliexpress.com is serious about protecting buyers. If you receive goods in bad condition or don't receive them at all, you can ask for new products to be resent or you can ask for a refund.

2. I now have doubts about free shipping. I wish there was a way to track the cargo (like with DHL and Fedex). However, I have learned that there are smaller private courier and logistics companies that are dependable and much cheaper than DHL and Fedex. I don't have the full information on them yet. Trust that as soon as I get it, you'll get it too.

3)If I get my refund as promised, it proves that there is very little risk of losing your money. I plan to buy something else and see what happens. Practice and experimentation is the only way to true knowledge.


I guess this is still work in progress. I shall surely give more updates as they arise.

Thanks again Adelani for bringing this up. I really appreciate it.

Cheers.

John-Paul
:-)
 
 
Livi
0 # Livi 2014-02-16 16:00
This is very insiteful and rich in information. Well done and keep it up. It is quite intresting.
 
 
paul ayodele
0 # paul ayodele 2014-02-24 05:11
I learnt a lot from this article,and definite look into this business. Thanks a lot.
 

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