Let’s start with a client’s case:
One of our EU clients found that it’s expensive to buy cell phone(iPhone/Samsung) interior spart parts in EU, but less competition. As a businessman, he figured out the price gap between EU and China and found it would be potential business to import/sourcing from China and resell on Amazon/Ebay/Alibaba in Germany.
There comes the problem: How to purchase/buy from China? you know, cell phone spart parts/component is quite professional item, it takes a lot of time to start the business: study the product, sourcing suppliers and make the purchase. Huaqiangbei electronics market is the biggest electronics market in China, where all kinds of mobilephone spart parts are available, such as LCD, glass panel, touch screen, frame(sometimes LCD, glass and touch screen are together), flex cable, camera, home button, backcover, motherboard, battery, charging connector, and so on.
However, the toughest problem comes: there’s so many kinds of spart part, and price keeps changing. As a beginner, it would be hugh risk to do normal trading since there’s always a MOQ from Chinese factory or Trading company, and if you got a lot of stock, it would depreciate as well…
But he is smart man to Google and solve everything. He found a local friend in Huaqiangbei electronics market, Shenzhen, China. Huaqiangbei is the largest electronics market in China, where all kinds of mobile phone accessory/component are supplied with wholesale price, all in stock, no MOQ, no leadtime, it’s possible to get your goods within 7days after payment. At which he told his friend to source the products, deal with all suppliers, shipping everything together that he ordered and keep him updated the market info and price.
Here’s the price gap between Retail in Germany, Retail in China and wholesale in Huaqiangbei Market, from which our eu client does the business and make large profit:
1.-iPhone5s LCD original:
Picture A—sells on Taobao.com(China), retail price is 57.36USD
Picture B—sells on Amazon.de(Germany), retail price is 93.69USD
Wholesale price in Huaqiangbei electronics market(Shenzhen, China) is just 33.15USD
2-iPhone5s Home flex cable original:
Picture C—sells on Taobao.com(China), retail price is 5.73~9.83USD,
Picture D—sells on Amazon.de(Germany), retail price is 16.23~19.36USD,
Wholesale price in Huaqiangbei electronics market(Shenzhen, China) is just 4.09USD;
3-iPhone5s Battery original:
Picture E—sells on Taobao.com(China), retail price is 18.85~19.34USD
Picture F—sells on Taobao.com(China), retail price is 18.75USD( lack of info on Amazon)
Wholesale price in Huaqiangbei electronics market(Shenzhen, China) is just 3.28USD
So how to sourcing from Shenzhen and resell on Amazon/Ebay/Online/Retails shop in your country?
Firstly, there’s quite a price gap and good profit;
Secondly, efficiency is very important, you need a trustworthy partners who knows well about the market, could help to find supplier with good price and quality, could quote you within 1 day, sourcing within 2 or 3 days and shipping to your country within 1 week So that you can quickly sell it on line or at your local shop; If there were anything quality problem, your partner could negotiate with them and provide solutions.
Thirdly, start with small purchasing. You can test the market step by step so as to tell which is more marketable and avoid any quality problem.
Finally, safety. There’s lot of scammers, as a foreigner, it’s very difficult for you to tell them, but your Chinese partner could tell them easily.
So How to find a trustworthy partner in China?
We could be your reliable friend. As 1-stop sourcing service company in Shenzhen, We could be your hands and eye to help you sourcing, interpreting and shipping all your goods. If there were anything I can help, pls let me know, thanks.