bukavu
New Contributor
- Joined
- Oct 7, 2012
- Messages
- 17
Rep Bank
$185
$185
User Power: 12%
Hello everyone,
Is this business profitable? I think yes but would love to hear your point of view.
Please help with ideas to improve.
I have been testing the waters, buying from the UK and selling in a third world country.
I tried more than twice and this is what was happening:
I buy 20 units for a total of 100£
DHL fees, 3 to 5kgs= 70£
customs: 40£.
I sell 1 unit for 25£ totalling 500£, in a space of one month.
I have notice that if I had more than 100 units, giving me more varieties on what I'm selling (or planning to be selling) I would sell the 20 units in a week time and as time comes to open a shop I'd have 1000 units for sell and with advertisements more people in the city would know about the shop.
How would I calculate profits in this case,
I just know that I buy products at 210£ and sell them for 500£.
Please help with ideas and advise.
Thanks
PS: I've just discovered that the product I buy 20 units in the UK for 100£ would cost 300£ for 300 units in China. I think when i get good connection there, that's what I'll do. my worry with China is to buy fakes of someone to disappear with my small capital. Hopefully I will get someone in this forum to help with serious contacts.
Is this business profitable? I think yes but would love to hear your point of view.
Please help with ideas to improve.
I have been testing the waters, buying from the UK and selling in a third world country.
I tried more than twice and this is what was happening:
I buy 20 units for a total of 100£
DHL fees, 3 to 5kgs= 70£
customs: 40£.
I sell 1 unit for 25£ totalling 500£, in a space of one month.
I have notice that if I had more than 100 units, giving me more varieties on what I'm selling (or planning to be selling) I would sell the 20 units in a week time and as time comes to open a shop I'd have 1000 units for sell and with advertisements more people in the city would know about the shop.
How would I calculate profits in this case,
I just know that I buy products at 210£ and sell them for 500£.
Please help with ideas and advise.
Thanks
PS: I've just discovered that the product I buy 20 units in the UK for 100£ would cost 300£ for 300 units in China. I think when i get good connection there, that's what I'll do. my worry with China is to buy fakes of someone to disappear with my small capital. Hopefully I will get someone in this forum to help with serious contacts.
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
