Increase Profits By Buying Handmade Items From Alibaba To Sell O
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Tags: buying handmade items from Alibaba to sell on Etsy, Alibaba to Etsy, Etsy business, handmade items from alibaba to etsy, selling Alibaba products on Etsy
Meta: Discover how profitable buying handmade items from Alibaba to sell on Etsy is! It’s where genius meets lucrative. Read on to explore a comprehensive guide that offers entrepreneurs valuable information to sell handmade items from Alibaba to Etsy.
Stories of self-made entrepreneurs who found success are inspiring. Take for example Alicia Shafer who started by selling three handmade headbands per week on Etsy to generating millions of dollars yearly.
When you’re starting out a business, whether it’s online or an actual outlet, it can be challenging. There’s the inventory, management, tons of research, sourcing your products, and many more nuances that need to be taken care of.
But as an Etsy shop owner like Alicia, one of the biggest challenges is producing handmade items consistently and in an artistic manner.
So here comes Alibaba to help you with your handmade product needs. For most people, Alibaba is a platform that mass-manufactures products from China. But after spending a lot of time researching, I found out that Alibaba is a great source of handmade items. It also allows users to filter and choose from many different countries to source from for a specific type of product – not just China.
Read on to learn how you can make your Etsy business work, just like Alicia did.
What Are The Benefits Of Buying Handmade Items From Alibaba To Sell On Etsy
We get that not everyone can create handmade items to sell on Etsy, and buying in bulk from Alibaba has many perks. But the big question is, is buying handmade items from Alibaba any different from hiring an in-house team in your area to create the handmade items?
Handmade items sourced from countries like China, India, and South America are often cheaper than those from other parts of the world due to various economic factors:
Lower cost of labor - when sourcing handmade items from Alibaba, know that they’re most likely made in countries like China, India, South America, and other countries that have lower cost of labor compared to Western countries. The significantly lower wages of skilled craftsmen contribute to reduced production costs, making the final products more affordable.
Availability of raw materials - a lot of the regions mentioned have a wide range of raw materials readily available for production. Because of this, transportation costs are cheaper and production is streamlined.
Currency exchange rates - if your currency is stronger than the currency of the country which you will source handmade items from, you can save up from production costs
Craftsmanship - countries with a rich history and culture can affect the overall artistry and craftsmanship of the handmade products. Some countries have certain specializations that help improve the artistry and quality of the handmade products.
(all images are from pexels)
Generating Millions By Buying Handmade Items From Alibaba To Sell On Etsy
Meet Alicia Shaffer, the creative mind behind the thriving brand "Three Bird Nest." Alicia started by crafting handmade headbands for her boutique, eventually selling them on Etsy under the username "Three Bird Nest," which was inspired by her children.
Initially, she sold three items in her first week, but her business boomed when she received 90 orders in one day three weeks later. She then decided to partner up with suppliers from Alibaba to supply her in-demand products, in which she increased the profit margin up to 65%.
At the time, Three Bird Nest averaged 150 orders a day, reaching over $75,000 in monthly sales.
How To Filter Region Source When Buying Handmade Items From Alibaba
If you want to have control over where you will source the handmade items find where you can buy the cheapest products, you can do it by following these simple steps:
Visit Alibaba.com
Sign in with your email or create an account
Click the search bar and type the product you are looking for
Example: Handmade Jewelry
Look for the ‘Categories’ tab on the left-hand corner of the app
Scroll down the categories until you see the ‘Supplier Countries’ drop-down menu. Click to choose from different countries available
Another awesome way to search for product suppliers is by using Alibaba’s newest AI search tool technology.
The image search feature allows users to upload a picture of a product, and Alibaba's AI smart assistant uses artificial intelligence to find similar products from suppliers.
The RFQ (Request for Quotation) feature has been enhanced with AI assistance, helping users draft thorough RFQs by generating descriptions and images based on their specifications.
BREAKING! Alibaba's New AI Features Make Finding Suppliers Effortless (embed video on site)
Conduct Market Research On Alibaba
Market research on Alibaba is a crucial step to have a successful and reputable Etsy shop. Here’s a more nuanced breakdown of the process:
1. Evaluate Supplier Ratings - find reputable suppliers on Alibaba by exploring the platform to identify potential suppliers. Look for suppliers with high ratings and positive reviews from customers. This ensures you that the products are high quality and the suppliers are reliable.
2. Reach Out To Potential Suppliers - once you’ve done your fair share of supplier evaluation, contact the suppliers directly. Reach out to them professionally and inquire about their manufacturing capabilities, options, and other features that may help your Etsy shop. It’s important to have multiple supplier options so you can compare them to each other.
3. Talk Pricing - after reaching out to the suppliers, discuss pricing options. Ask about bulk discounts, breakdown of the costs, packaging, and shipping. Compare this data to other suppliers.
4. Discuss Minimum Order Quantities (MQOs) and Shipping Terms - as you’re doing this for the first time, you need to be realistic with the number of supplies you will get from your suppliers. This includes the minimum order quantities required by the supplier. For the shipping terms, consider ordering samples to verify that the products and shipping method meets your standards. Take a closer look at the products, craftsmanship, materials used, and product finish.
Frequently Asked Questions
There’s more to selling Alibaba products on Etsy, so here are some frequently asked questions and answers that could help you.
Can I Sell Wholesale Handmade Items On Etsy?
Yes, wholesaling is allowed on Etsy. But make sure to be transparent about your products being sold wholesale.
Should I Sell A Lot Of Items On Etsy?
If you’re beginning with the Alibaba to Etsy business model, it’s best to start simple and with a manageable range of products. Avoid overextending as much as possible until you have a better understanding of what sells well.
Is It Possible To List Alibaba Products On Etsy Without Storing Inventory?
Yes, you can employ the dropshipping model to sell Alibaba products on Etsy without the need for inventory storage. However, it's essential to adhere to Etsy's policies and ensure a smooth and positive customer experience.