2 checked bags (with items that wouldn’t cause problems entering Ecuador)= $1000 profit.
I’m confident you can do that, because I just did. On my first try.
At least I paid for my plane ticket.
This week I finished selling the last of the products I brought to Ecuador for resale in November.
I made money on everything, although some items fetched less than I was hoping.
And some items took A LOT longer than I expected to sell. But within 2 months of posting I did in fact sell everything.
Of course, I learned a lot, as my clients were 100% Ecuadorians.
Here are 3 things (or groups of things) I learned the hard way to not bring back for resale on my next go:
1. GPS equipment. Through my online research the margins looked really good and the machines themselves were small so I thought this was a no-brainer. I was wrong, very difficult to sell GPS stuff in Ecuador to Ecuadorians. There just isnt much demand for it. I did sell what I brought but in the end on a device that costed me $89 I made like only $10. I expected much more and I had it posted at $170 for a while but it didn’t move.
2. Small items with high margins and low dollar amounts. For instance, I brought back a package of certain quality fake eye lashes I bought in the states for $1 and thought to sell here at the market price around $10. The fact is, selling online, sure the margin looks good, what is that? 1000% profit. Low investment, low volume and low weight in bag. That’s what i thought. Problem was when selling online everyone expects you to send it to them or meet them and do the transaction. For a few bucks its just not worth the time, plus, I ended up selling at $4 making $3. I would not bring these types of items again.
3. Unknown brands in Ecuador. Lately, I’ve been a Lenovo computer guy. I love ’em. Although they are quite popular in the States, I knew they weren’t well known in Ecuador. Anyway I brought one back and it was VERY hard to sell for a profit! i did eventually sell it but for little profit. I would not bring back anything in the future with an unknown brand locally. In Ecuador, in my opinion the best known brands for lap tops are Apple, HP, Toshiba and then Dell.
Now its your turn!
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