Plan
Order max of 3 products to check quality of products ranges
Research - 1 hour / Product
Compare every selected product on below commerce sites
Check for product expiry dates
- Indiamart
- Alibaba
- Wholesaleoye
Research about product in Google Trends and Jungle Scout
While doing research, check for min of 30% profit on a product sold considering below criteria
Import Price ( Product + Shipping )
FBA fees
Storage fees
Packing fee from seller
Loss on damages
GST loss
SEO Charges + Marketing
Shipping fees
Execute
- Attract (talk more about future engagements).
- Best price in the country including shipping - No damages (no orders).
- Box package without brand names ( Custom brand - IRIS).
- If all good, monthly orders.
- Always ask for live production photos.
- Invoice must for GST claim.
Review
Every weekend @ 3 PM
Future Ideas
- Understand B2B Business in Domestic products and international products
- How to make own shipment package in local
- Invest in a small renting space and stock up the inventory
- Try to create a corporate gifting catalog and socialize in digital channels
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