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How To Identify Fast-Selling Gadgets To Import From A Chinese Wholesale Company
Importing gadgets from a China wholesale company and reselling them to local consumers can be a pretty lucrative business venture. The problem, however, is identifying which line of gadgets you’ll want to wholesale from China. Here’s a quick checklist to help you better identify which lines of gadgets will most likely appeal to the consumers you’re targeting:
- Take Note Of Your Wholesaler’s Inventory
One of the most important things you need to do is to be keenly aware of the products you can offer to consumers around you.
Make sure to list down the white-label gadgets being offered in the catalogues of your Chinese wholesalers. This step is the first because it is the easiest to do, considering how the average China wholesale company offers their wares on convenient websites. All you need to do is list these gadgets down and categorize them according to their functions. The resulting list will allow you to quickly identify a product that could sell given the right opportunity. Oh, and steer clear of branded or designer goods. Identify Low-Competition Niches
Remember the function-based categories you used to separate the gadgets being sold by China wholesale companies? Let’s go with Android TV dongles as an example. Google “Android TV dongles” followed by your local municipality or the area you plan to sell these gadgets in. Take note of how many competitors you have selling these dongles in your local area. If there are a lot of people already selling and competition is driving prices down, skip dongles and do research on other gadgets. Profile Your Target Consumers
This requires a lot of research on your end, probably even more so than identifying ideal niches to work in. Start by breaking down the demographics of people who will take interest in your gadgets. Age and gender are the first statistics you want to measure, followed by education, occupation and income levels. Then move on to cultural factors, like a preferred fashion sense or their identification with a particular crowd. You can expand this profile with even smaller details, like their preference for easy-to-use or powerfully-customizable gadgetry. Comb The Local News For Spontaneous Opportunities
Never overlook the ability of local events for you to meet a spike in demand for a particular line of products.
Just because you specialize in one niche, say affordable cell phones, doesn’t mean you should totally ignore other products. If a prolonged power disturbance occurs in your area, then you can contact your Chinese wholesale supplier to see if they are selling power banks or miniature solar power panels.
Keep these tips in mind, and you will have an easier time identifying fast-moving inventory to source from a China wholesale supplier!
Hong Kong-based Chinavasion is a China wholesale company that has been exporting goods from Shenzhen to businesses and consumers all over the world. Visit Chinavasion.com to learn more about the company!
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