How Much Money My Importing Business Makes 

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 🌱

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.

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

Hi James, great video! There are so many videos out there talking about their successful business stories and sharing their tips without actually showing what their businesses really are, which leaves you wondering if they're actually making money with their business or actually making profit out of people listening and watching their content. You're the first person that came out really starightforward from the beginning. Of course, there must be so many other factors to considering when running a business (tax, product certification, logistics etc), but I think you showed the basics of running your business very clearly. I'm trying to build my own import/export business and your channel is just what I needed. I'd like to know more about your beginning of your business. (Why you chose your first product, how you found it, how you started etc). I look forward to seeing more of your videos!

Found this channel recently, loving the content!

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

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.

Great content! I love how creative you are!

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

Great course with documentary vibes, really enjoyed it

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?

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

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

Thanks for sharing, James. Presumably that means in months like January, you make quite a sizeable loss, right? What's the annual profit if you don't mind me asking? £12k on your warehouse and £17k on labour is killer. It would be interesting to compare your costs against the cost of using a 3rd party warehouse. I work with a good 3rd party warehouse over your way and their rates are surprisingly good. For reference, my goods are a lot smaller than yours (35 per ctn), but I sold over £250k of goods last month and my 3rd party warehouse fees were only 3.5k (warehouse labour, processing, and storage included) so the size of your goods must make a huge difference. Presumably the teddies arrive vacuum packed, right? How many teddies can you fit in one of those boxes behind you at 1:50?

Maby you can put your best seller products as an affiliate products , so you can increase your online sales, there is as well a lot of youtube channels that review toys, so you can work with them as well. You can even put the links on your videos, because you have a decent amount of views, and people can see your product range. Great video, it was really interesting!

Great video! very informative. I'm planning to start my exporting business from Bangladesh.

Do you do your own printing ?

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

What about the custom duties and tax ? How long shipping takes.

Someone who is thinking of starting their own import/export business. What products are easy to buy and shift to begin with just to get you up and running?

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

What an informative video! Thanks for that! 👍

we produce eco friendly tote bags and various kind of other bags. we are in this export business from 2005 . you can contact with is if you need sauch kind of products from our factory.

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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!

Sarcastically, oh, because transfers from banks to cards are always such a nail-biting affair, aren't they? But hey, it happened.

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 🤔

Thank you.

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

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. 😂

thanks man!

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

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.😊

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

Great video as always

Amazing

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

Your videos are the best

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

We supply our petrified wood products to local and international customers. We sell our petrified wood products at the most reasonable wholesale and retail prices. Regarding the international shipping, we work together with the trusted and experienced forwarding service who ship our petrified wood furniture products abroad. Make us as a business partner in your furniture business.

James I am a big fan of your work and I have been watching your RU-vid for a while now but I was just wondering how are you able to own so many businesses at once and also allowing them to scale up every year.Doesn’t it not get stressful for you and your team ?

And back to 7000 for shipping 😢

Is there any chance I can talk to you more about this?

I have a rota software that would save you money on managing your staffs rota across all your brands, how can i get a loom video sent to you showing you the value of my product

...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).

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

That's perfect

Time to update bro.

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!

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

Lots of plastic!

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

i live in turkey i can help you with your business and find you good stuff you guys need here in turkey just let me know if you are interested Good luck.

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

Can I get an email?

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!

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.

Smashing it James. Thanks for inspiring 👍🏻

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 :)

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.

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So this is how all the junk comes to America and all the consumerism I keep hearing about.

I love your videos hope you’re well

Hello sir My name is kripalsinh I am from India I. Am a exporter I. Am. Searching a buyer for my product

Nice story from you. I did the same

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

Great video ,Thanks.

Hi, do you sale jute and cotton hand bags?

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

your need one years not 10 years