Chinese grad students are making a small fortune by selling baby formulas, vitamins, manuka honey, and other health goods to friends and relatives though WeChat.
Business Insider reports that Lin, a 25-year-old, makes up to $3,000 a week, while most university students in Australia make a mere $23 per hour. She posts the products in her WeChat moments, and buyers can message her asking for a price. The transaction is made convenient by the money transfer feature on WeChat. Lin then buys the products and ships them to China.
As easy as it sounds, Lin says that product sourcing is very time-consuming, as servicing one order might entail visiting different stores. She’s also shackled with the burden of responding to buyer’s inquiries around the clock, even on weekends. She typically makes $5-10 profit from each item.
It might be surprising that a student can make so much when there is already a huge market for Australian baby formulas on Taobao. But perhaps Lin’s business’s advantage lies in the trust she formed with her customers, as most of them know her well and are confident in the authenticity of her products.
By Amy Yang