https://blogs.ubc.ca/timdu/2014/10/19/does-overseas-purchasing-make-considerable-profit/
Since 2010, online retailers have transformed the holiday, also known as “Double 11,” into an online shopping carnival similar to America’s Cyber Monday. The carnival is actually held by Tmall, formerly Taobao Mall, is a Chinese-
Alibaba and its branch company Taobao, the forerunner of e-commerce, occupy great percentage of the market of online shopping, improve the consumers’ shopping experience and motivate the development of diversified economy.
After introducing Tmall, Taobao and the company’s contribution to the development of business, I will show my point of views about Tim du’s blog. The title and Taobao’s new plan are quite attracting, by the way. In the blog, zhenting Du showed his idea that whether foreign students should sell via agency depends on the quantity of goods sold. I agree with the opinion and want to make some supplementary specification.
When foreign students choose to sell goods themselves, they have two major problems. First comes the brand, and the second one is distribution channel. The two factors, no brand and inefficient distribution, lead to narrow consumer segments. Zhenting gave suggestions from the perspective of quantity, while I will give suggestion about what kind of goods to sell. According to data and market research, the price of luxury has huge differences between countries. The price of Relox Watch in China is over five times as much as that in Canada because China’s tariff is high. If you buy a Relox watch if Canada for $10000(￥53000), you can sell to your consumers in China for 80 thousand-100 thousand RMB because market price for the watch in China is about 150 thousand. One consumer, you will get the profit of 50 thousand RMB(nearly $10000).
My opinion is that Foreign students can maximize profits by choosing the right goods to sell.