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 Think youíre buying on Amazon? Itís actually from Alibaba

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PostSubject: Think youíre buying on Amazon? Itís actually from Alibaba   Sun Jun 18, 2017 12:11 am

Peter Koch, a 37-year-old engineer living in Serbia, says heís making $3,000 every month by selling the same seven baby products on Amazon (AMZN) to American customers. His secret? Chinese e-commerce giant Alibaba (BABA).



As one of the third-party sellers who contribute to more than half of Amazonís sales, Koch began importing goods from Chinese manufacturers he connected with through Alibaba in 2014.

Koch is likely far from the only third-party seller to make money selling products from Alibaba on Amazon. A number of individuals on both Quora and Reddit have discussed how to buy goods from Chinese manufacturers and sell on Amazon. John Frigo, an e-commerce veteran based in Chicago, posted a video on YouTube saying he made $250,000 in sales a month that way. It has attracted nearly 1.5 million viewers.

Products made in China tend to be particularly inexpensive for Amazonís third-party sellers.

ďI tried to explore if there is any possibility to source from other countries,Ē Koch told Yahoo Finance. ďUnfortunately, there isnít. I managed to find places where the price of each piece is lower than China, but the shipping cost is much higher.Ē

https://au.finance.yahoo.com/news/think-youre-buying-amazon-actually-alibaba-192708862.html
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