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william p.

Contributor Level

Total Points
80

1 Review by william

  • ChinaBuye

10/29/12

A few months ago I had a lot of free time and not much cash but I did have about £15 on my paypal account so I wanted to see if I could make that into more money. I decided to try and sell somethings on ebay and learnt about dropshipping and before long I was making small amounts of money. The problem is the sites I used didnt allow very much for my profit margin inless I bought in significant bulk so challenging with a small amount of start up cash. One day I found chinabuye and the first thing I noticed was FREE SHIPPING to anywhere I really like this because it means that the price they advertise is litterally the price I need to pay to get the item in $. I happen to sell in £ which means its actually really simple for me to make money as generally I could just switch the $ to £ and due to the exchange rate would make some money. Chinabuye then also has dropshipping making it so I make money in the start much quicker as I dont have it tied up in stock in transit. The only problem is that the free shipping does take some time which is why I do plan on buying in larger quantities then redistribute to customers once I have the cash. The next thing I noticed was that once id signed up to dropshipping I got 1000 points 1 point having a value of $0.01 so I had $10 not a huge amount but I used this instead of paying for items and at a early point basically it made it so I had a chunk more cash to spend on more items.

Im now a few months in and almost at £100 mark not sure if its worth it but Im mostly just doing it like its a game kinda like my little way of gambling as if its not real money.

Things to beware of:
1. Long processing and shipping times: sometimes items can arrive in less than 15days BUT they can also take over 35 days!
2. contacting Chinabuye can be difficult possibly due to language barriers communication can be confusing and sometimes seems more automated or scripted.
3. Exchange rates: I pay using paypal and I think due to exchange rates the price ive paid has been different by small amounts so standardised costings need to allow a few percent for changes in currancy.
4. Things go wrong! Things go wrong when doing dropshipping, chinabuye might run out of stock before you sell a item, the item might get lost in transit or a few other things so always keep a chunk of money in your paypal account to refund customers just in case.

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