If I were to build another seven-figure e-commerce company using alibaba.com, this is exactly how I would do it.
In this post, I will walk you through how I find winning products via research, look at trends, find consumer demands, meet those demands, and source the entire operation using alibaba.com. I’ve been doing e-commerce for eleven years; I’m not a newbie! I’ve had ups and downs but ever since I learned how to leverage data, my sales have been on an upward trajectory. Once you figure out the right equations and which numbers to look for, e-commerce becomes pretty straightforward!
There are many ways to create an online business. E-commerce is one of my favorites because it has the upside of scaling to unimaginable numbers. If you’re brand new to selling online or have never sourced a product, let’s take a step back. As with any business decision you make, you should analyze the pros and cons…
Selling on the internet used to be super hard. When I first launched my e-commerce clothing company about eleven years ago, I bought each and every custom branded hoodie, snapback, and t-shirt with money out of my own pocket. I didn’t know about sourcing back then so I bought in bulk. Long story short, I didn’t sell anything but a few sweatshirts to family and friends. Years later, I ended up dropping off my once prized possessions at Goodwill to never be seen again. Tragic, right?
Nowadays, technology and globalization allow people like you and me to source top-of-the-line products without burning holes in our pockets! With today’s advancements, you can start a data-driven business that will tell you right from the get-go whether or not it’s going to work out. The data will either say “yes, go for it” or “good idea, champ, but you need to move onto the next one”.
The (Realistic) Path to Get to The Dream Life
- Spend countless hours learning about how to create a website and brand
- Brainstorm and pick a niche
- Research using alibaba.com to find products to source for your brand
- Launch your store but…