import
Published September 29th, 2008
When it comes to business and the market, many Americans operate under the illusion that the same rules apply to imports from other countries as apply within America itself; namely, grow your business and realize the American dream.
However, all business owners, and particularly those who are importing, have to remember that while the aspirations of the individual are important (if not central in an oblique way) to the well being of the United States, they do not come before the well being of the nation as a whole.
The Pearl of the Orient
So why is this important in... Read more
Tags: customs, Doing Business Internationally, how to, import, importing products, international business, japan, products, tips
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Published November 30th, 2007
Part of the success of any small business is being able to take advantage of as wide a range of resources as possible. One great resource for any small business is a trade lead site.
We will take a look at what trade lead sites are in this article, along with ways that they can help you to grow your business - both in terms of selling and sourcing.
So What Are They?
Trade lead sites are websites that are dedicated to information exchange on the behalf of small businesses. There are quite a few free trade lead sites, as... Read more
Tags: export, import, importers.com, Leeia Ladipoh, Product Sourcing, source, trade lead sites, trade listings, tradeboss.com
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Published November 14th, 2007
The business environment in the past decade or more has changed rapidly. It is now possible for a small to medium-sized business to flourish with the help of thorough market research and efficient wholesale product sourcing.
This kind of sourcing has its advantages and its pitfalls: if the source is genuine, profits are guaranteed, but if the source is defective in one way or the other, the entire business can fail. To ensure continued success in wholesale product sourcing, here are a few basics that a small to medium reseller needs to keep in mind:
Before buying wholesale, the buyer... Read more
Tags: advice, distributors, Doing Business Internationally, export, import, liquidators, manufacturers, outsourcing, Product Sourcing, small business, source, tips, wholesale, wholesale product outsourcing
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Published September 7th, 2007
If you plan on selling a large quantity of products, then importing may be something you’ll want to consider. By avoiding domestic and overseas middlemen, you’ll be able to get your products at a considerable discount. However, importing can be complicated and intimidating so it’s best to know as much as you can before you begin. Here are some important points that will help you in understanding the importing process:
1. Lead time - The time you place your import order to the time it reaches your U.S. warehouse could easily be 45 days or longer. So it’s best to... Read more
Tags: advice, Carrie Hinkel, Doing Business Internationally, import, importing products, Product Sourcing, source, tips
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Published July 31st, 2007
It is very essential to understand the importing basics if you plan to begin international trade that requires importing something from foreign countries to your country. History of importing goes as far back as the beginning of trading because you have to get those goods and materials that are not available in the country where we are doing business. You may need to import a particular material, even if it is available in the country, when you can get it from another country at a cheaper price. Whatever may be the reason for importing, you must understand some practical aspects... Read more
Tags: Doing Business Internationally, import, International Market, shipping, Small Business Consulting
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Published June 25th, 2007
Forward Contracts are a very useful tool for all of those importers/exporters who have to keep their margins tight.
For many companies the "head in the sand technique" is very popular. Order goods today, send over the deposit and then in 6 weeks when the goods are about to come into the docks and payment on the rest is due, that’s when they notice the market has moved and "oops" - it has gone the wrong way. Here is a quick but effective example:
A US company wants to buy goods from the UK. They are quoted at 100,000 GBP,... Read more
Tags: Apfx S, Apfx Services, Doing Business Internationally, exporting, foreign exchange, forward contacts, import
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I often receive inquiries from workshop participants, clients, and visitors asking, "Where do I start?"
There are many aspects of international trade to learn. I have been studying and practicing in this field for years, and I can honestly tell you there is no quick way through all of the information. It’s a matter of persistence and patience. In addition, every single venture is different and presents unique challenges. But it can be done, and if you pursue it further than the next person, then you win. So hang in there. You can do it!
With that said, here are... Read more
Tags: Doing Business Internationally, export, import, The import export coach, tips advice
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