Small business ?

Question

Hello I was thinking about starting a small business and buying goods from China on Ali Baba. I wanted to know what to expect and will I have to pay money to the usa government after I receive my prouducts here in the USA? Shipping is already expensive. And I wanted to know what to expect after I pay the for the product and shipping fee from China to USA?

ANDRE L · Answer

You need to look up what duties are charged by the US on what goods.

Anonymous · Answer

The problem is you and every other swinging dick and female want to make money despite having no skills.  What do you bring to the table?  Are you going to buy in sufficient quantities to save on shipping?  Who will you sell to?  Who could undercut you on price and then what?

When I started my business. Well, first I had to save for a couple of years. Then I was unemployed and had time and a little money so I just started. Looking back its amazing I survived. I knew so little.  But within 4-5 months I was pretty sure I could make a living at it. Only I did not know how seasonable the business was. And how I would have almost no sales or profits for 4 months of the year. When I started were the best months. Meaning I was not earning enough yet.  I got there because i saved for a few years of working full time and living at home. And I had great credit. One time I used my credit card for a very short bridge loan. Back then, there were no cash advance fees but the rate was about 22% because rates were higher and because I never went after the lowest rate card because i never carried a balance.  I asked the bank that financed my car that I paid off already and she said she was not sure because at the time, I had only been working for myself a few months and I did not have tax returns. She said she would talk to her boss about it but she needed a few days.But that the rate would be 21-22% if she could do it. I went down to Sears and walked out with a check the same day. They owned discover back then.

Borrowing is something I am opposed to but in this case, there was a 99% chance that I would not lose money and would indeed make at least 5 times what I paid in interest. It ended up being about 8 times. But, I never did it again. Never needed or wanted to. I lived like a pauper and did not pay myself a dime for 2 years. If I was not living at home for next to nothing, I never would have lasted.

Jay · Answer

Go to the Fiverr site and get a basic business plan and READ IT so you will know what to expect.

Small business ?

3 Answers