In the previous article, we finded popular business products during the Tet season. Next, let's explore with MDCT Logistics the items that bring great profits for you in business this Tet holiday!
(P1) WHAT GOODS SHOULD I IMPORT FOR BUSINESS IN TET 2024
What to sell for a good profit during Tet? Some items that bring in significant earnings on Tet
8. Tet Jam Trays
Running a Tet jam tray business is a potential seasonal venture. While the business period lasts just over a month, this is a product that everyone needs to buy and use. Successfully conducting a Tet jam tray business largely depends on staying up-to-date with market trends, which tend to change from year to year. The Tet jam tray market typically starts preparations around the 10th lunar month and becomes bustling in the 12th lunar month. Given its essential nature as a seasonal product, families are eager to purchase a beautiful Tet jam tray for a prosperous and warm Tet celebration.
According to assessments, the market for Tet jam trays is highly open because as the economy develops, families tend to use beautiful and fashionable Tet jam trays in line with the fashion trends of each year. The increasing trend of consumers choosing a beautiful Tet jam tray contributes to the vibrancy and growth of the Tet jam tray industry. Each year, many new designs are produced, and their beauty becomes more refined to suit the warm and cozy atmosphere in households.
9. Tet Lucky Money Packets
Tet lucky money packets are an extremely "hot" item towards the end of the year. Every year, many students, young people, and mothers benefit from selling Tet lucky money packets. Tet lucky money packets are a popular choice because of their essential nature during the Tet holiday. Furthermore, they have the advantage of requiring very low capital investment. With just a few tens of thousands, you can purchase Tet lucky money packets in bulk for resale. However, no one can deny the profits from this product.
10. Tet Sweets
In addition to lucky money packets, Tet sweets are another must-have item during the Tet holiday. Sweets are considered an essential treat by the Vietnamese people on this special day. Buying Tet sweets in bulk for resale can yield profits of up to 50-60%, a well-known fact. Tet sweets not only satisfy one's taste buds but also provide an income-boosting opportunity for those who want to engage in business during Tet.
11. Tet Decorations
There's a high demand for home decorations during Tet. Common items include red banners, paintings, lanterns, or simply decorative stickers featuring cherry blossoms, kumquats, and more. There are various types of art, such as oil paintings, gem-encrusted artwork, watercolor paintings, cross-stitch art, and calligraphy, that help you choose decorations suitable for your home during this Tet holiday. Customers often select pieces with meaningful designs that fit the character of their homes.
Considerations for Profiting during Tet Business
1. Timing for Sourcing
Tet is when the highest consumer spending of the year occurs. People are willing to spend money on various items and services they might not consider during ordinary days. Therefore, the closer it gets to Tet, the more you should think about what to sell in order to generate extra income. It's crucial to plan for the supplier's delivery time, transportation, and understand that prices tend to rise as Tet approaches. Typically, about 2-3 months before the Lunar New Year is an ideal time to start seeking and preparing for goods to import and sell. During this period, suppliers begin to stock products for the annual festival, offering better initial prices and more manageable logistics.
2. Sourcing Experience
During holiday periods like Tet, choosing products becomes more challenging, and the origin of the products may not always be clear, raising general concerns among customers. To establish trust and ensure the product's origin, it is advisable to recommend that suppliers provide complete certification of the product's source and quality, with certified copies to prove reliability to customers. Additionally, you should also insist that the supplier maintains a sufficient stock of goods to ensure timely availability, precise products, and value.
3. Choosing Appropriate Items
During Tet, you should consider selling essential items, as these products will be in high demand. Customers, even those who are not particularly choosy, will buy your products as soon as they see them because they are essential for their use during Tet. If you lack experience and are concerned about the risk of losses, choosing low-capital, popular items for the season is a suitable option.
4. Product Quality
During Tet, finding the products you like may not be difficult, but whether those products guarantee quality and origin is another matter of concern, which is shared by most consumers. If you lack experience, you can access forwarders who provide services to find quality sources. Their experienced purchasing department will provide you with reliable, reputable suppliers and avoid return or compensation terms in case of defects. Experienced purchasers are also adept at negotiating prices, which will help you achieve the best input cost and increase your business's profitability.
MDCT Logistics currently offers a sourcing service to find reliable manufacturers. Just contact them and provide information about the products you want to sell, and MDCT will help you find the best sources at favorable prices, including import and export services.
5. Methods of Importing Goods
- Domestic Warehouses
You can import goods from domestic warehouses in Vietnam. Contact the warehouse, choose the products, and place your order. However, prices may be higher as you're a second or third-party importer, and the location of the warehouse can impact the prices.
- Importing from China
Another option is to import goods from factories in China at lower prices. However, for new or seasonal business owners who lack connections with factories, finding reliable and cost-effective manufacturers can be challenging. It requires both time and financial investments to conduct market research. Instead, you can connect with logistics service providers like MDCT Logistics. We offer importation outsourcing services, helping you find high-quality sources and ensuring you don't have to worry about complex import procedures when bringing goods from China to Vietnam.
6. Sales Methods
- Physical Stores
In addition to setting up fixed stores on busy streets to attract passersby, you also need to utilize multiple effective online sales channels. Nowadays, consumers increasingly rely on the internet to search for information and shop online. Therefore, it's crucial to establish an online store on social media platforms, e-commerce marketplaces, or websites to attract and retain customers.
- Online Sales
You can sell products online on social media platforms like Facebook, Instagram, or on online shopping platforms such as Shopee, Tiki, Lazada to reach a broader customer base and achieve higher efficiency.
So, through these two articles, we hope you have found suitable products for business and are profitable during this 2024 Tet season. Please contact MDCT Logistics if you need help finding a reputable source with competitive prices.
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