When you are planning to start a business importing product from China, the first thing you need to do is define what your business model is going to be. Many ask us for advice on the type of business that can be set up between Asia and target markets.
We're not the typical guru you find in Facebook ads telling you you'll get rich in 5 minutes ... No, we're sorry, it doesn't work that way.
In general, if you want to make money to have a good salary and to be able to live off it, you should invest at least double what you want to make annually. Make simple and quick figures, if you want a salary of 1000 € / month with your business you should think about investing around 24000 € / year, having a good product with good margins and avoiding unpleasant surprises ... It would even be more realistic to use a figure of € 32,000 / year to have a salary of € 1,000.
Does this mean that if I don't have € 24,000 I will not be able to start an import business? No, we didn't say that... But don't expect to have a salary of $ 1000 / month by investing a small amount.
The reality is that setting up an import business requires very little investment, provided you know that you are going to start earning little, very little ... and that it will take a long time to get one salary of 1000 € / month.
Today we are going to introduce you to 3 business models that you can consider when starting an import business. And we will list them according to their profitability.
