- Joined
- Mar 6, 2016
- Messages
- 394
Rep Bank
$1,080
$1,080
User Power: 86%
Hi people,
I have read multiple times that importing electronics (and selling it on Amazon) is a bad idea because of return rates and what to do with defective items.
I am looking to import for the very first time and it is a LED night lamp, not a very complicated item and thus not many parts that can get defective for example.
I am pretty sure that this will sell, because there is very little competition and people are buying it.
So I am wondering, is it really a bad idea to import a night lamp? I would ofcourse have it inspected by an inspection company before it departs from China.
Some helpful questions would be the following and maybe someone can answer them:
a) I could not find much information on this, but do Chinese manufacturers usually comply with their warranty promise?
b) Would such a night lamp survive more than 8 months without getting defect? Does anyone have information on defect rate for night lamps?
c) Even if it gets defective, are many of them going to claim warranty on a product that would cost something like $34.95?
In the end what matters is that after the replacement of the defective items, I still have good profit. I think I would achieve that. Please tell me if you think otherwise. I am aiming at a $5 net profit on each item.
Looking forward to some opinions, maybe there is something I am overlooking.
Thank you!
I have read multiple times that importing electronics (and selling it on Amazon) is a bad idea because of return rates and what to do with defective items.
I am looking to import for the very first time and it is a LED night lamp, not a very complicated item and thus not many parts that can get defective for example.
I am pretty sure that this will sell, because there is very little competition and people are buying it.
So I am wondering, is it really a bad idea to import a night lamp? I would ofcourse have it inspected by an inspection company before it departs from China.
Some helpful questions would be the following and maybe someone can answer them:
a) I could not find much information on this, but do Chinese manufacturers usually comply with their warranty promise?
b) Would such a night lamp survive more than 8 months without getting defect? Does anyone have information on defect rate for night lamps?
c) Even if it gets defective, are many of them going to claim warranty on a product that would cost something like $34.95?
In the end what matters is that after the replacement of the defective items, I still have good profit. I think I would achieve that. Please tell me if you think otherwise. I am aiming at a $5 net profit on each item.
Looking forward to some opinions, maybe there is something I am overlooking.
Thank you!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
