Only three Websites are responsible for half of all the worlds ecommerce. The first two you already know – Amazon & Ebay. The third however, you might not. Alibaba.com is a business-to-business marketplace that allows you to buy items in large quantities directly from the factory it was made in.
It is an unassuming site but a few cursory searches expose wholesale pricing information quite publically, which can be an eye opener.
It’s no surprise that Ali Baba is a chinese innovation. The world currency prices and economic momentum position Asia as the most cost effective place to product goods. The prices differences are so dramatic between eastern and western factories, it’s easy to see why the economic balance of power is shifting.
And yet, Alibaba represents a huge opportunity for Australian’s looking to start their own business. Leveraging the cheap asian cost of manufacture, against the healthy margins for goods in the Australian domestic economy opens up a world of potential.
If you are thinking about starting your own goods-related business, considering checking Alibaba for potential supplier.
Fact :