How Much Money My Importing Business Makes

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...

your need one years not 10 years

I would say the workforce and overall production costs would be the real reason.

thanks man!

Hello James, is your 5× cost formula calculated on landed cost, or on ex factory price? Love the work, hope you see this!

Can you please do a video about your laser tag business? I've not seen you do anything on that and I'm super interested in how this fits into your empire. Thank you!

Nice story from you. I did the same

Thank you.

I was surprised with your B2C numbers....i can help you increase that

Don't know why you don't have millions of subscribers & thousands of likes, James, because you offer more good business advice than all the spoofers on YT. I have no doubt you will tweak that too eventually. You're good like that. People will get it eventually.

Hi all , if anyone interested. I could get arrange or manufacture products from India. Mostly spices and healthy ingredients for food

Very interesting. I am a bit concerned that it is plastic tat headed for landfill mind you

Thank you for making this insightful video. Lots of gold here

اگه قصد تجارت ب صورت ته لنجی دارین و دنبال یه کار بلد تو این حوزه میگردین پیشنهاد من بازرگانی مهیر

I like the explanation about why it's not done in the UK. Make in the West only sounds good at campaign rallies, but not too practical.

Great course with documentary vibes, really enjoyed it

I am a business owner in Turkey and would love to have a partner in the UK or any European country. :))

Wouldn't it make sense to open a European operation? 10 x the market size, open a warehousing and distribution centre in Romania or Hungary, lower taxes (-30%) certainly much lower operating costs (-65%). Buy a few trucks with the savings and set up your own distribution network...bingo!

that sand art was great when i was a kid great memory's one criticism a lot of plastic being used in these businesses

Time to update bro.

Great content! I love how creative you are!

Great video as usual. Would love to know more about how you track all your business… what reports etc.

You're content is great and people can learn a lot also get to see a successful business from the inside. Just one criticism... your thumbnails on almost all of your videos give off a negative sort of vibe to them with your face always being either sad or angry... try some happy ones, be proud of the success and attract others into that success.😊

With regard to not manufacturing in the UK. I remember someone once saying to remove the excuses. I just can't quite remember who said that 🤔

Do you do your own printing ?

Tbh you’d be better off trying to become Build a bear’s main supplier

Yeah but what about your cost to the environment? Your business is exactly what the government will target in 2030

This is all really great stuff - the pure mechanics of it all. However the big omission and headache.... and the "lifeblood"... is how do you get the customers, particularly the wholesale/trade accounts, in the door?! Is it a case of build it and they will come? Are you that "niche" that you're the go-to for this stuff?

Great content as always James, We started importing container loads of car parts literally start of 2019 and we hit it really well but post 2020 the snowball stopped and literally was breaking even. Now the freight charges are back to normal I hope they all stay and hope we can all get those pre covid margins back and grow 🌱

Smashing it James. Thanks for inspiring 👍🏻

I understand manufacturing in India for cheap labour, Turkey aswell since import costs are lower, better exchange rate and relatively low wages however why do you manufacture in China as opposed to Vietnam or Pakistan? I thought Chinese labour and importing is getting much more expensive compared to other Asian countries like Vietnam, Pakistan? My only guess could be maybe that the industry is more accessible in China and roadways ECT are more developed. Just a question from someone who probably doesn't know what he's talking about. 😂

I saw a comment on a previous video where someone was moaning about you using other countries for this stuff. So I'm really happy to see you answering that so well.

I'm surprised you didn't mention FX fees working in many currencies and customs and import fees. They make up a big proportion of my costs for my very small business. I totally agree with stock levels being a killer. I try to be lean, buy to order and drop ship when possible but it's very difficult when customers are used to short delivery times. For me taking pre orders really helps with cash flow but I have found a winning formula yet.
Were Rossi's at IFE the past few days? I didn't see you but It was a big show so it would have been easy to miss!

I liked the breakdown for b2b and b2c. I didn't know that businesses didn't pay straight away!

Selling Arts & Crafts to nurseries? If only you knew someone that had a load of day nurseries… 😅👍

Your videos are the best

Learnt more on this video than 4 years in uni. Love it!!!

Always great content. There is not a lot of information like this online. Keep it up James!

I find this sort of thing really interesting. I spent 20+ years buying from the far east and seeing how far east companies manufacture is mind blowing. We simply are unable to do this in the UK. What is interesting is Turkey being brought up all the time. Most of your printing media is made in the far east and watching it being made just shows how cut out China is with manufacturing.

Doesn't this guy have a kindergartens? Why not have a test run of a shop selling the goods in the kindergarten?

...did you need to get the toys through some sort of approval process before sale ? (to ensure child friendly, just wondering if the gov needs some type of certificate).

Lots of plastic!

Great video as always

Love your videos, great efforts!
On the actual challenge, then the game here is that you need to set up some B2C brands.. You would say, that's easy, I've done that..

But honestly, how you have to do it is find people that are good in ecom, buy 75% of their business, leave them with the rest - and make them work on your stock - so you start owning your B2B customers slowly and indirectly get more B2C - that you simply own.

Look through your 40-80 B2B customers, there might be 1 or 2 there you can consider to buy :)

Those that want local manufacturing tend to not no anything about business and how it works. A great video as always James. Thanks

James thanks for the informative Video; As another revenue stream why not look at exporting your goods The £ is low against most currencies and kids are kids all over the World

Found this channel recently, loving the content!