Importing to the Philippines (MUST WATCH) | John Smulo

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[hailegabriel]

Huge value given on this video, Keep it up!

[PhilippinesFarmLife]

I found some FANTASTIC manufacturers here in the Philippines that can offer great products and prices without the costs of import fees, taxes, etc.. I buy direct from the manufacturer and I get discounts on shipping or free shipping for the garden products I offer.

[davediaz]

Wow John...great info for those who are considering making the big move. Thank you again for all the golden nuggets! All the best !

[LtDave]

John, really enjoyed the informative talk with your guest. One of the biggest takeaways that I got was to do your "due diligence" prior to sinking a lot of money into the product. A big thanks to Dave for sharing his insight.

[janlimlao]

very informative. Thank you for making this video

[stevedavenport]

The thing to keep in mind is this: Most people think the Philippines is synonymous with poverty and, hence, no opportunities.

However, 12% of the population has Western levels of purchasing power and are willing and eager to spend on high quality, reasonably-priced goods.

[alabamatechwriter]

Wow! Great info. Thanks to you and Dave.

[hjd]

Fantastic guest with great information. Thanks John

[SprocketFPV]

Ive never seen any video in YouTube that shares this mu h details in the import business in PH. Thank you very much for sharing!! A good follow-up would be how to find a shipper

[vsrc]

Yes, it's fairly easy to communicate with alibaba sellers. They respond to your inquiries right away. You can even negotiate for a thousand order requirement despite their pronoucement of 5 to 10 thousand minimum order requirement. Yeah, we did manage to import a product just a fraction of the seller's minimum order requirement.

[jonrend]

Ive been dabbling with this in my mind for ages. Was put off with import duties and tax but this was put into perspective. Ive seen a lot of firms advertising from China and they claim that both tax and duty are included in their price be it per item or CBM. Anyway, great show will subscribe, if this guy is ever interested in business partner then let us know.

[keithwhite]

Good video John. Tell Meljean (MJ), Dustin, Raymund and Reche I said Hi.

[beauderzepheroloughlin]

Awsome Vlogg, very informative. Most of the questions I had were answered.

[wonderlife]

Hi John, your video just pop up! Just clicked and watch and i am hooked up. .. and im interested so i did subscribed 😊.I am Canadian Citizen but Filipino at heart.. Your vlog is interesting.. I am planning to have a business in the Philippines.

[genjamin]

This is fantastic. One thing I can’t get here in cebu city is celery that is to Western standards. The stalks here are much smaller and much more bitter, and it’s really not a good substitute for my morning celery juice which has been critical on my healing journey.

Do you or Dave have any ideas on how I can procure imported celery (likely from Australia) without having to buy in bulk? I’m happy to pay a premium but I’ve hit dead end after dead end. Requires refrigerated transport which is likely the nail in the coffin here. Frozen wild blueberries I’ve come across the same issue. I’m out of my depth on sourcing these, please help if you have any ideas 🙏

[anthonynorris]

Shipping and logistics are the challenge...scalability and supply is the next..

[robertwjones]

Great info. It is good to hear that there are business opportunities for foreigners who are business minded in the Philippines. I just subscribed to your channel from watching this video. Keep up the great content.

[anthonynorris]

My formula is 5x mark-up because of all the risk and middle man/tax/etc.

[palawandreams]

I would not pursue the type of importing he is mostly speaking to. Too many moving parts, labor, fees, steps to the of sales to make a few pesos each. I understand volume, but most won't have the money, skills, organization or patience to get to that stage. And, there are just so many other ways to make money with a lot less complexity. If I was going to invest a significant amount of money in the Philippines, it would be real estate. Start with small lots that most Filipinos can afford and flip it, or hold and flip, improve and flip, put up a small house and flip, etc. If you buy right there is very little risk involved. I've done this twice without the intent to "make money", but purchased land, improved it, and for various reasons sold later and made very significant profits both times even after all costs, expenses, taxes, labor, etc, etc. If I were going to import, I would likely focus on a niche, not try to deal with the super competitive market of toothpaste and diapers. A niche like gourmet foods, trending branded items, etc and move through them fairly quickly. I do like his idea of buying extras of somewhat high ticket things we normally use anyway (refrigerator, furniture, equipment, etc), and reselling them for a profit. In fact, now is a great time to simply stock up due to inflation. A can of tuna that cost 60 pesos in the market 6 months ago is 70-80 pesos today. Buying things in quantity that won't spoil and that you will use up anyway is like free money, like investing and getting 10-20% return on your money. Canned good last 2 years or more, and if I buy tuna at 60 pesos and a year from now it's 85 pesos, that's a fantastic return on my money that I would have spent anyway at some point. Anyway, I've always thought about importing as a business hustle, but I wouldn't do it with toothpaste and leave that to Lazada, Alibaba and the million and one home based hustlers.

[thomaspichler]

Very good Information, i also start import from china, and next steep i want import food or drinks, can share Dave his brocker with us maybe? I contact some brocker before but never get any good feedbacks.