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/How you did you make it?/

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I did it /biz/ at 24 I just made my first million dollars and I still have one more 10k+ order to complete this year.

What I do: Specialised imports. It actually started as a secondary business for fun, importing bamboo for people who wanted nice bamboo flooring but didn't know what to buy. I quickly found out though that through my Chinese contacts I could import far more specialised and valuable items that were often see as "dangerous" to other importers. Kilos of Foie gras? Sure! surprisingly this was a huge success, first year was around $400K for the second half and this year I broke the magic 1 mil.

So /biz/ what are your success stories? Investors need not apply.

(Not my picture)
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>>982329
Is the danger you mention spoilage or customs?
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>>982332
More to do with the attitude people get when they want to buy things considered morally challenging. Veal, Foie gras, etc. Customers like my "I'll get it done, no stress" attitude apparently.
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>>982335
Meh I'm not convinced.
Veal is usually live export.
Foie gras is a good that the demographic who enjoy it couldnt give the slightest fuck about geese.
>>
What's this "Investors need not apply"?
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>>982337
Because there's nothing interesting in the "I put money in the stock money and now I am rich" story.

>>982336
They don't care at all, but try obtaining a lot of the stuff.
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>>982338
Its everywhere in delis I live.
What country are you based in?
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>>982342
Australia, particularly melbourne. If you know what I mean you will probably understand
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>>982343
I'm in NZ but you import veal into Australia?
Doesn't Australia have one of the biggest beef industries in the world? Why would you import veal to there?
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>>982345
Well "importing" from the ACT to Melbourne typically. Foie grass from overseas, special blades from Switzerland etc. Organising shipping for car / tech importation from Japan.

I didn't mean to sound like all my business was in the food / beef industry.
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>>982349
Good stuff.
Good on you mate
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>>982343

He means Melbourne is full of limp wristed faggots.
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>>982329
>Specialised imports
wtf how do you even get in to something like that?
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>>982374
This
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>>982374
>>982390

Most people I know who do business directly with China have a Chinese girlfriend and leverages her parents business contacts.
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>>982374
Like I said I started in bamboo and travelled to china to find suppliers. When you work with someone closely they often mention the other things they can provide and it all started from there.

Viola with advertising I had a decent customer base.
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>>982396
So all I need is some start up money and get contacts in china?
>>
China is probably one of the best countrys to import from because of their low prices, my suppliers/vendors here in the US charge almost double for what i get from China

Make sure u start small, not all buisnesses in China are legit some can really fuk u over
>>
Connections are a valuable asset, but if u do the hard research and establish a good business relationship u will go along way
>>
I used to buy shitty tablets from China and sell them on local market sites. The tablets were complete ass, but sold like hot cakes because who the fucks cares about the specs of a tablet? Not the elderly and house wives buying them. They made me a couple thousand bucks, but then I stopped with it.

Now I'm trying to make an online business. Got some ideas to combine services in a way that doesnt exist yet. But it's still in the developing phase so it's a bit secret.

I cant wait for the moment I can quit my regular job.
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>>982421
>>982417
>>982396
So how can a broke ass college student in his senior year get into this considering I have no contacts?
>>
who are your customers? other businesses or final consumers?
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>>982407
>>982424

With no money it really is impossible from my experience sorry. I buy large for cheap, within the area of 30-40k an order.

Best return was 47K AUD which returned 91K on contract termination.
>>
get a job for what ur majoring in ANYTHING THAT CAN GET U INCOME!

start saving, and slowly start investing, see what sells well and what doesnt.

i watched this guy and thats how my small ecommerce buisness started
https://www.youtube.com/channel/UC1Hy2xE0pa42r_owgeXDGww

started my buisness on ebay, made my own website, now im moving onto amazon

its going to take a long time with lots of hours
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>>982454
*best investment sorry

>>982453
Small businesses and consumers who need valuable items shipped into the country. It isn't uncommon to spend 50k to bring in a million dollar car or two.
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>>982454
30k? Holy hell that is like a arm and leg for a poor fag how would I start of small for buying shit in china?
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>>982456
>Small businesses and consumers who need valuable items shipped into the country. It isn't uncommon to spend 50k to bring in a million dollar car or two.


how do you find your customers?
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i sell to final consumers, if i could eliminate the middle man and get bigger quantities from china for much more i would be making more profit than now
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>>982460
Well now the name is known.

Originally I worked for my uncle who runs a million dollar construction site cleaning company and always needs items imported. (Chinese cleaning products in bulk = hundreds of thousands saved a year).

Through him my name was spread to the actual construction companies he worked for and in the end I had a lot of business. Just from there the name spread in general I guess, I can say without boasting that I can turn down orders now if they're not worth my time.
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>>982467
do you have employees/partners? where did you get the startup cash from?
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>>982467
neat, thanks m8
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>>982336
It's duck not geese u fuck
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>>982467

Nice OP, maybe one day once i dominate my niche... cant risk to turning down my customers, they'll go straight to my competitors
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>>982469
Well remember I used to import bamboo as a side job for the area. I had a far bit of cash from that but it wasn't a winner business.

I was helping my uncle on the job because some of his workers were crook and I asked him how he could afford all this equipment and he basically said he can't. I knew the guys that did the bamboo were buying all their tools from another factory and I enquired about it all and got an awesome price to present to my uncle. That was my first sale start to finish.

Normal day job (ICT) $30k saved
Bamboo stuff: another $20k or so money in the bank

Using the combination of the two I financed the shipping of all the products from China back.
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>>982478
>>982469

Oh sorry and the answer is no, its a solo business.
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>>982329
Great to hear of your success. My old man is in import export, he trades metals etc. Unfortunately we have a pretty bad relationship nowadays and he doesn't talk business as a rule.. but i always found stories of the deals fascinating and exciting when i was younger. I'm in the UK which obviously is very different geographically and product demand wise to Aus, and i wouldnt have use of my fathers contacts, but what advice would you offer for me over here to unearth those niche trades? How should i be looking at things to see the opportunities?
Regards.
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OP is bullshitting.

The easy part is importing, the hard part is selling. People don't buy from random other people. Companies don't buy from random people, they import themselves.
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>>982329
Hm that pic looks familiar.
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>>982329
Sure your business has turned 1 mil, but how much do you bring home to the table?
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>>982744
It depends senpai. If you can buy at higher quantities, and have a good amount of small firms to buy your stuff, there is a large potential to profit.

For example, a company in my area imports lumber from Canada and they have much lower prices than the shit you get from stores. I think they still make a hefty profit.
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I'm in NYC and our business is exporting product. Basically every category you can find in a department store (denim, footwear, jewelry, etc)

Let me know if you are considering expanding your assortment of offerings
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None of this happened. OP is a faggot as usual.

Drink bleach nigger.
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>>982329
>my first million dollars
>Australia
Whew! I almost thought someone had outdone me there OP, then I found out you are rich in worthless aussie dollars where everything costs 3-4x as much.

Still, grats at getting so much at such a young age. You'll be rich in no time at that rate.
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>>982459
sell fake sneakers
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>>982392
I need to get a Chinese gf then
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>>982454
>Best return was 47K AUD which returned 91K on contract termination.

so how does that make you different from an investor? just curious.
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>>982329
Good going OP. Is it just you doing or do you have people that work with / for you?
>>
Would anyone else like to share?
Thread posts: 48
Thread images: 1


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