Issa Asad Instant Profits with Alibaba: Cash in on the World’s Largest Economy – China
By Issa Asad
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Issa Asad Instant Profits with Alibaba - Issa Asad
Instant Profits with Alibaba
Cash in on the World’s
Largest Economy – China
ISSA ASAD
Copyright/Disclaimer
Copyright © 2014 by Issa Asad. All rights reserved.
Published by Issa Asad, Dania, Florida.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the publisher.
Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. Neither the publisher nor the author shall be liable for any loss of profit or other commercial damages, including, but not limited to, special, incidental, consequential or other damages.
ISBN: 978-0-9908123-2-6
www.issaasadbook.com
CONTENTS
Chapter 1: Learn the Alibaba Opportunity
Chapter 2: Discover How to Get Started with Tmall
Chapter 3: Establish Your Ideal Tmall Business Strategy
Chapter 4: Choose Your Products Wisely
Chapter 5: Set Up Your Tmall Account
Chapter 6: Hire Great Contractors and Agents
Chapter 7: Maintain Respectful Relationships
Chapter 8: Avoid Scams and Fraud
Chapter 9: Promote Your Business through Social Media
Chapter 10: Think Outside of the Tmall Box
chapter 1:
LEARN THE ALIBABA OPPORTUNITY
For those of you who have an Internet business, or for those who are looking for an additional means of earning income online, Alibaba is possibly a company that you have heard of. The Chinese-based company helps business owners from around the world get in touch with Chinese manufacturers. What does this mean for business owners? It means an additional source of revenue through the Alipay system, which Chinese consumers rely on when they are purchasing products from foreign made manufacturers.
As the world's largest online marketplace, Alibaba.com has consumers, sellers, and businesses from around the world engaging in online sales. As a business owner, what this means for you is various platforms to sell from, billions of consumers to market to and simple profits to be made when you employ the right sales tactics, and the right online marketing strategies to get your online marketplace up and running.
Although tmall.com is the largest of the subsidiary companies, there are a number of platforms for businesses to grow through and with, and for them to sell through if they are looking to earn high profit margins. And, with Chinese consumers interested in purchasing goods which are manufactured outside of the United States, there is no limit as to how much of a profit you can expect to earn if your site is properly set up. Whether selling B2B (business-to-business), or C2C (consumer-to-consumer), or engaging in both marketplaces, there is plenty of room for growth, advancement and the ability to earn a high profit margin when using this online platform for selling goods to consumers.
Business owners are going to find it is even easier to set up their online marketplace in comparison to sites like Amazon and eBay, which are the main marketplaces here in the US.
What Exactly is Alibaba?
Founded in 1999, Alibaba is a publicly-traded Internet-based business. The B2B portal allows Chinese manufacturers to connect with overseas manufacturers in an attempt to sell more products to their target consumer audience, and to earn more income. As of September 2014, the company was valued at $231 billion, meaning it has greatly grown since its inception, and is a safe marketplace for businesses to engage in business, and for consumers to purchase. In September 2014, the company also received its IPO, which initially raised $21.8 billion, and increased to $25 billion, which made it the fastest growing and largest IPO in history.
With one of the most visited sites globally, Taobao is the online consumer to consumer site which is run by Alibaba. Similar to eBay, the company has accounted for more than 80% of sales in China, as of September 2014.
Brief History
Jack Ma and 17 other investors released the first online marketplace in December of 1998, and only a few years later, in 2001, the company began earning profits through the online portals and marketplaces. In 2003, Taobao, which is the company's consumer-to-consumer based sales site was founded, adding to the online appeal, and consumer purchase opportunities in China. The Alipay service system, which functions similarly to PayPal, also became its own entity in December of 2004.
In 2008, the Taobao Mall (Tmall) was established, which is the popular online marketplace, giving consumers yet another avenue to purchase goods from foreign manufacturers. In 2010, the company launched the eTao search engine, allowing customers to find the products they were shopping for, for the best prices, either through Taobao or through Tmall. In only 15 years, the company has grown exponentially, and gives foreign and local Chinese manufacturers and consumers the opportunity to earn big, make huge profits and gives consumers the opportunity to buy the foreign goods they want, for the most affordable prices.