You are in the right place if you are wondering how to make money with Alibaba as I’ll discuss different ways people all over the world have made a substantial income from this wonderful platform.
Before we go down to the nitty-gritty of the day, let’s know more about Alibaba itself.
Alibaba is a Chinese company that has a global influence. Since its inception in 1999, Alibaba has extended its business idea globally. As of the time of writing this post, Alibaba has facilitated over 80% of Chinese businesses with the rest of the world.
As I speak, Alibaba remains an Asian online business hub linking the rest of the business world. Therefore, you will be connecting with a global digital world when trading or doing business on Alibaba. As a job creator, Alibaba parades itself to have over 20,000 employees having locations in over 200 countries and still counting. Whether a seller, buyer, consumer, or manufacturer there is something for everyone.
Taking you by hands, I will be leading you to some of the lucrative businesses you can do on this e-commerce platform. Whether you are new to online business or not, there is always something profitable you can do on the platform. Good enough, you do not need much cash to do something tangible on Alibaba. Many items do not require your financial contribution before you start to make money.
It becomes easier if you are dealing with virtual products. You need your internet and your device whether a laptop or phone. Since Alibaba has their presence in most of the world, coupled with technology, the distance will not be a barrier.
So let us run through a few of the things on how to make money with Alibaba.
Table of Contents
For a starter in the e-commerce business who want to make money with Alibaba, drop shipping will be a good starting point. This business costs you almost nothing to do. All you need is to find a product of your choice on Alibaba, look for the producer or the sellers. Your part of having opened your store is to find a buyer interested in that product. You now become an intermediary between the buyer and the seller. You are paid once the deal falls through. Surely, it is one of the coolest ways to make money on Alibaba.
2. Private labeling
Private labeling is putting up a smart face before your buyer. This is an easier and cheaper option for the manufacturer. All you do is find a company that produces your desired item on Alibaba. They produce the item with your name as the producer. This saves you all the hassles of production or having a factory. Indirectly you a manufacturer without a factory.
3. Freight and logistics
You can go into this type of business if you have the financial muscle. It will be easier if you are familiar with your terrain. With adequate preparation and planning, making money on Alibaba through this channel will be easier.
4. Product review
This business idea is a good fit for bloggers, writers, and freelance. Since there are an array of products at Alibaba doing a product review could fetch you a lot of money. With the advent of interest, people want a sincere opinion on a product before deciding whether to buy or not. You create a blog where you write a non-sentimental review on Alibaba items or products.
5. Social Media marketing
Part of how to make money with Alibaba is social media marketing. No one can overemphasize the impact of social media in today’s business world. Without mincing words, you can convert your leisure on social media to make money. Thus, you can use your Facebook, LinkedIn, Twitter Instagram to sell Alibaba products. Thus, this will be an advantage if you have a large following on these social media platforms.
6. Equipment listing
Construction companies around the world least equipment for their contract. This is cost-effective when compared with buying the equipment out rightly? It will be a great deal of money if you can facilitate the renting of such equipment between the manufacturer and the sellers of those types of machinery with the direct users.
7. Group buying
This is the role of an intermediary. You will need to find people who are interested in a particular product. Once you collate some buyers, you place your order on Alibaba for bulk buying. Apart from making your profit, Alibaba gives you a lot of discounts when you make a bulk purchase.
8. Affiliate marketing
Alibaba expanding their reach involved raising people to market their product. This is affiliate marketing. With your blog or website, you share a link that leads customers to some of their products. Therefore, whenever you send a buyer to their site that purchases a product, you get a commission. So the more people that purchase through your link, the more money you make.
9. Selling on Amazon
Amazon is a global eCommerce marketplace. Whatever products you put up will be in front of several potential buyers. Once you go through the procedure of opening your store in Amazon. Look for a product to sell on Alibaba and you are on your way to making cool money
10. Business directory
One of the easiest ways to get information is through the business directory. However, not an easy task, yet the result justifies the efforts. With enough time and patience, you can collate the information about the manufacturer and producers on Alibaba. Your job is to arrange those data according to product and category. This makes it easier for a potential customer to identify where to buy.
11. Selling on eBay
Selling on eBay is one of the ways to make money with Alibaba. Presently, eBay is growing in leaps and bound. With more than 160 million buyers, trading on that platform is a sure success in the online marketplace. You can always do the business in the comfort of your home. All you need to do is pick the goods you want to buy in bulk and sell on eBay. There is no discrimination on the type of goods you can sell. Nonetheless, you must do your research on products that will give you the result of the desire.
12. Selling herbal products
The world is moving away from synthetic drugs to herbal. Without a gainsaying, the Chinese are leading the pack in returning the world to nature. This is where herbal products come in. On Alibaba, you have several manufacturers of herbal drugs. This is another gold mine in making money on Alibaba. If you do it well, you can be a major distributor of any of the herbal drug manufacturers in your region or community. Just look for a product you can promote, and you are on your way to making money.
13. Product sourcing
Not everybody has the luxury of time to look for what they needed. Taking this burden from such people is a guaranteed way of making money. Do research on goods and products that manufacturers or people search for in your area or community. Head over to Alibaba and search for those producing or selling such products.
14. Selling of raw materials
Since there are several manufacturers on Alibaba, you source and sell raw materials to them. This will be easier for people who have access to the rural dweller especially in food and drug-related material. All you need to do is identify companies in need of raw materials you can easily access. Besides, you can place an advert on Alibaba indicating how you can help individuals and companies source such material.
15. Translation business
People from different regions of the world patronize China and Alibaba for business. Some of these entrepreneurs need an interpreter as a mediator between them and their business partners. Doing this business will expose you to international connections apart from making money.
16. Wholesale business
A wholesaler is someone who buys in bulk from the manufacturer or distributor. They, in turn, sell to the retailers. Whenever you buy in bulk, you get a commission and discount. It now becomes a double profit for you when you sell to the retailer.
If you maintain a good record with the company, you may be considered your country’s representative. That also increases your profile and profit margin. You can choose to be a merchant wholesaler, specialty, dropshipping, or online wholesaler. As a merchant wholesaler, you buy several types of goods at wholesale and sell them to the retailers. However, as a specialty wholesaler, you deal with a specific product that you will be selling to the retailers. The same principle applies to the dropshipping wholesaler. In the position of a drop shipper, you sign a contract with the producers or manufacturer, then you can deliver the goods directly to the consumer while you get your commission.
Less I forget, Alibaba has another e-commerce platform you can also trade with. Some of them include AliExpress, Taobao, and Tmall. With these lists of how to make money with Alibaba, you are surely on your way to making a living with this platform. Whether you want to make this a full-time engagement or as a passive income, there is always something for everyone.