Buying and Selling.. Profit Margin.

**kreacio** · 05-31-2011 01:08 AM

Hi all,

I was thinking of going into buying and selling business. but i want to get from the distributor from another country to sell in Singapore.

But I not sure how much profit margin should i be looking at? and what are the things I should look after for... before and after getting the goods.

Please advise. thanks.

**traderbiju** · 05-31-2011 05:52 AM

I guess it depends on the product and the competition around. If you are the first to introduce the product in the market and if you sense real demand you should go for a good profit margin. It also depends on the risk involved and shelf life of the products you plan to trade. Just remember not to be too greedy and give back to society!!

What kind of goods are you planning to trade?

**lccglobals** · 05-31-2011 08:08 AM

I agree with traderbiju. It does matter what company you are buying or selling and its market value, shares , popularity and numbers of their costumer. and for business set ups one can take help of business services provider for assistance in company formation and company name registration Corporate Secretarial Singapore provides business assistance for any kind of need

**kreacio** · 05-31-2011 09:25 AM

Originally Posted by lccglobals

I agree with traderbiju. It does matter what company you are buying or selling and its market value, shares , popularity and numbers of their costumer. and for business set ups one can take help of business services provider for assistance in company formation and company name registration Corporate Secretarial Singapore provides business assistance for any kind of need

wat is the website?

**kreacio** · 05-31-2011 10:52 AM

Originally Posted by traderbiju

I guess it depends on the product and the competition around. If you are the first to introduce the product in the market and if you sense real demand you should go for a good profit margin. It also depends on the risk involved and shelf life of the products you plan to trade. Just remember not to be too greedy and give back to society!!

What kind of goods are you planning to trade?

I have not decided but was thinking of doing big stuff with small amount or get small stuff with big amount to sell? Which is better deal?

**traderbiju** · 06-01-2011 07:52 AM

Dont rule out anything try both in small qty and see which is better market place is the best teacher!

**kreacio** · 06-08-2011 10:31 PM

How will help me to know where can I find my customer?

**napoleonwill** · 06-12-2011 10:26 AM

Originally Posted by kreacio

Hi all,

I was thinking of going into buying and selling business. but i want to get from the distributor from another country to sell in Singapore.

But I not sure how much profit margin should i be looking at? and what are the things I should look after for... before and after getting the goods.

Please advise. thanks.

Market the products before you even have them in your possession. Take orders and test different price levels for products that you are thinking about buying. Set up a shopping cart to see if people will actually buy. You can leave the last page as a dummy page and say that you are out of stock if they actually commit to buying.

You do not determine your profit margin, the market does. If you have many people selling the same products as you, there may be little to no profit margin. If you have fewer people competing with you, there is a higher probability of having a larger profit margin.