How to make money on Aliexpress in 2024: the best schemes

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How to make money on AliExpress

20 March 2024

AliExpress is a really popular online marketplace where you can buy all sorts of things. It's got a huge variety of products available, and lots of people use it. Almost 500 million people visit the site in a month. Some of those people find it through ads on other websites or from reading reviews by bloggers who get a commission if you buy something through their link.

 

One of the reasons AliExpress is so well-known is because they have low prices and a wide selection of stuff. You can find everything on there, from office supplies to high-tech gadgets. They also have regular discounts and a system for resolving problems if you have an issue with your order. Additionally, AliExpress tries to make their customers happy by offering different payment and product delivery methods.

 

The quality of products you can buy on AliExpress is often just as good as the products from famous brands. That's why a lot of people would rather not pay extra for something like a phone case that they could get cheaper on AliExpress. It might take a little longer to get it, like a couple of weeks or even a couple of months, but they can save money and use it for something else that they need or want.

 

 number of visitors from July 2023 to December 2023
Number of visitors to the AliExpress website from July to December 2023.


AliExpress is basically like a regular online store. You go on the site, type in what you're looking for in the search bar, check out the reviews and ratings of different stores, look at the delivery options, and then place your order through your account. After that, you just have to wait for your stuff to arrive. The site has been translated into different languages, so it's easy to use for everyone.

 

The prices on AliExpress are usually lower than what you'd find in other stores because a lot of the sellers there are selling their products directly without any middlemen. This gives you a chance to make money too, because many of these sellers are willing to sell their products in bulk at even lower prices. Today, we're going to talk about how you can make money on AliExpress. We'll tell you about different ways to earn money, things you should pay attention to, and the advantages and risks you might come across.

 

Ways to make money on Aliexpress


There are a few different ways you can make money on AliExpress, and not all of them require you to invest a lot of money upfront. But before you decide on a business plan, we suggest you check the demand for the products you want to sell in your local market. You can easily do this without spending a ton of money on expensive market research. Just post an advertisement on your local online marketplace and see how many people show interest. If you get a lot of responses, then it's a good sign — you can go ahead and order the products. But if you don't get many responses, it's probably better to adjust the price or consider selling something else. Now let's look into how you can actually make money on AliExpress.

 

Dropshipping from AliExpress


Dropshipping is a way of selling products without actually having them in stock. In this case, you would be working with AliExpress as your supplier. You find customers for the products, and when someone buys something, the seller on AliExpress ships the item directly to the customer, and you earn a commission. Another option is to collect orders from customers and place them yourself on the AliExpress website for delivery.

 

The great thing about this business model is that it doesn't require a lot of upfront expenses. All you need to do is create a website where you showcase the products you're selling with links to AliExpress. You sync up with the suppliers, and then you can start earning passive income. It's a good option for those who want to try out a business without taking on a lot of debt.

 

There are several advantages to dropshipping with AliExpress:

 

  • You don't need to have your own warehouse or worry about logistics.
  • You only order the products that you actually sell, so there's no excess inventory.
  • You have control over advertising and promotion.
  • You can work with multiple suppliers.

 

Of course, there are risks involved, just like when ordering products for yourself. The seller on AliExpress might be dishonest, there could be delays in shipping, or other issues that could go wrong during the delivery process. However, in practice, these issues are becoming less common. So, the percentage of defective goods from AliExpress shouldn't be very high.

 

Reselling from AliExpress


Many businesses follow the strategy of buying products at a lower price and selling them at a higher price. And when it comes to wholesale purchases, AliExpress is one of the best places to do it. If you sign up for their newsletter, you'll receive emails with links to the best offers. Many sellers on AliExpress offer really good prices and discounts for large orders.

 

 example of wholesale discount on aliexpress
An example of a discount for wholesalers: the more products you buy at AliExpress, the higher the discount. 



When you buy a product on AliExpress at a low price, you can mark it up significantly. Even with this markup, the price in your target market may still seem very reasonable. And if you find something that's not only inexpensive but also of high quality, the profit margin can be even higher.

 

It's a good idea to start reselling with AliExpress by starting with a small number of goods. This way, you won't have to rent a warehouse, and if something doesn't suit your customers, you won't have to sell at a loss. This approach reduces the need for a large initial capital and minimizes financial risks.

 

You can sell the goods you ordered from AliExpress either through online marketplaces (although there are risks involved) or through local classified ads. This allows you to test the demand for your products.

 

When choosing products from AliExpress, it's better to select items that are in demand but have less competition. If you manage to catch the beginning of a trend, you can make a lot of money. Remember a few years ago when fidget spinners were popular among adults and pop-its were a hit with kids? Many of them were ordered through AliExpress links. Initially, the demand for these products was much higher than the supply, but the situation eventually changed. Timing and a bit of luck also play a role in your success.

 

Another important consideration when ordering large quantities from AliExpress is customs regulations. Make sure to carefully study the rules for importing specific categories of goods into your country to avoid legal issues and significant delivery delays in the future.

 

The main advantage of this method of making money on AliExpress is that your customers don't have to wait for the goods to be delivered from China. The products are already in your warehouse and can be quickly accessed. This is important for building a good reputation because many people are not willing to wait for a long time, and the likelihood of unforeseen circumstances is minimal.

 

In summary, this method is suitable for making money on AliExpress, but it does require an initial investment in purchasing and storage space for the goods.

 

AliExpress Affiliate Program


The affiliate program offered by AliExpress is particularly interesting for affiliate marketers. Through this program, you can promote over 150 million products in more than 200 countries using affiliate links. The average commission rate is 9%, but for popular offers, it can go as high as 90%.

 

how does the aliexpress affiliate program work
How the AliExpress affiliate program works.


The AliExpress affiliate program has several advantages:

 

  • Easy entry: It's simple to join the program.
  • Database of creatives and promotional codes: You have access to a wide range of marketing materials to aid your promotion.
  • Simple mechanism for creating affiliate links: Generating affiliate links is straightforward.
  • Support system for beginners: There is a support system in place to assist new affiliates.
  • Detailed statistics: You can access comprehensive statistics to track your performance.
  • Full set of necessary tools: AliExpress provides tools like API and real-time statistics to facilitate your affiliate marketing efforts.
  • Reliable support service: Assistance is available to address any issues you may encounter.

 

To join the AliExpress affiliate program, you need to register and provide your contact information and details about your traffic sources. Once you confirm your profile through an email link, your application will be reviewed, which usually takes 1 to 3 days. After approval, you can log into your account, create affiliate links for AliExpress products, and place them on your platforms.

 

Affiliate links to AliExpress products can be utilized not only by affiliate marketers but also by content creators such as bloggers, reviewers, and owners of groups, communities, and channels. Your subscribers might be interested in the products, allowing you to earn passive income from each order made through your affiliate link.

 

If you require additional traffic to attract buyers, MyBid offers various formats for advertising. Unlike many other advertising networks, MyBid provides a fully managed advertising format where each affiliate is assigned a personal manager who assists them throughout the advertising campaign.


Conclusion

 

AliExpress offers a genuine opportunity for anyone to make money by selling popular products. There are various methods available, depending on your preference and budget. You can choose to invest heavily by purchasing large quantities of goods, or you can start with minimal advertising costs by working through the affiliate program and using links. Alternatively, you can try dropshipping, which requires no initial budget at all.

 

The key is to experiment, analyze the results, and take note of what works well and what doesn't. By doing so, you'll quickly learn the ins and outs of AliExpress. Once you start seeing success, you can confidently scale up your operations and expand the range of products you offer, as well as the number of affiliate links you use.

 

It's worth noting that many sellers on AliExpress are willing to provide significant discounts for bulk purchases. So, if you decide to buy products in large quantities, you may be able to negotiate excellent deals.

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