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Well it's a nice story, but as he stated, living in his country is cheap. And, if I'm not mistaken, gas is really cheap in Saudi Arabia. So it's not adaptable
by Xoros 9y ago
Well it's a nice story, but as he stated, living in his country is cheap.
And, if I'm not mistaken, gas is really cheap in Saudi Arabia.
So it's not adaptable in another country where you have to pay big money for routing goods. He would have spent his whole benefits in gas.
- jiggunjer 9y agoHe mentioned 2K business costs. So 10.000 onions cover the cost of fuel, rent, vehicle payments and an employee. It seems there is an onion bubble in Saudi Arabia.
- justboxing 9y ago> So it's not adaptable in another country Not entirely true. Maybe not onions, but I see this business model -- buying very cheap in bulk and selling at a slightly lower price than the lowest supplier price (while still making a profit) -- everyday on amazon on all kind of products. People buy items in bulk from Ali Express (Alibaba's business unit ) and sell on amazon using the same business model the OP has implemented. I even tried it a while back and it was fairly successful / profitable. ex: Stawberry Corer / Huller : https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias%3Daps&field-keywords=strawberry+corer&tag=amzndeals03-20 https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias%3... A bunch of "brands" are selling it for 7$ to 8$. I found the same on Ali Express for 79 cents a piece, bought a 100 and sold them off to for 4$ a piece (with free shipping, it's just a few ounces in weight) a few months back...
- thisisit 9y agoSo basically drop shipping? It is true that it is not adaptable to another country, especially developing ones. In India we have tons and tons of drop shippers who will cut into your margins very fast.