07-22-2006, 09:34 AM
Quote:Michael Cai grunts as he rummages through a pile of 500 stuffed animals in his Shanghai storage locker. "It's in the back here!" he says, pushing through a stack of plush Winnie the Pooh and Tigger dolls. Finally, he locates what he's looking for: a pink pillow in the form of a pop-eyed pig. He unfolds it--and it turns into a blanket. "It's the best-selling item we have abroad!" he beams. "Foreigners love it!"
Two years ago, the 24-year-old Cai was a brand-new college graduate just hoping to eke out a living. Now he runs a tiny international business, buying toys from local factories at ultracheap prices and hawking them on an eBay store (51Toy.com). Last winter, he was pulling down $6,000 in monthly sales, with a profit margin as high as 40%, which puts him in the top fifth of earners in China--better than most white- collar workers. Almost 90% of his customers send their payments to him online. "The Internet," he says through a translator, "is how I reach the world."...
full article: http://www.fastcompany.com/magazine/107/ebay.html
related topic:
China: Graduates prefer online stores to conventional jobs
http://community.tuliptools.com/index.ph...018.0.html