Posts Tagged ‘manufacturers’
by Christina Lee on December 18th, 2008
While the U.S. current account deficit declined more than expected, efforts in promoting overseas exporting remains persistent among the government, economists, and industry experts.
The reason why: a trade deficit of more than $214 billion, which they say is more than enough evidence that the United States is still consuming more than it is producing.
The current account is the broadest measurement of global economic activity by the United States, as it incorporates investment flows with trade of goods and services. Its deficit current amounts to $174 billion, down 3.7 percent from $180.9 billion.
Peter Morici, a University of Maryland... Read more »
by Christina Lee on October 11th, 2008
Each day this week, Wall Street investors watched in astonishment as the Dow Jones Industrial Average plummeted at unprecedented rates. Very few, if any segments in the wholesale-distribution industry are safe, experts say — but every day that passes is an opportunity to optimize the market.
“What it comes down to is making the best strategic decision, under any circumstances,” said Chuck Miller, vice-president of marketing communications firm CommCentric Solutions, “and when you have fast-changing conditions that occur with the challenges of today, you have to be able to respond quickly and appropriately.”
The most recommended solution in times like... Read more »
by Leeia Ladipoh on January 25th, 2008
At some point in your life as a business owner, you are going to come to the realization you can’t do everything. While you may like to be in control of most aspects of your business, if you need parts and pieces made for your end-product, you may not have the means to do it, nor the money to build a complete manufacturing facility. This is when it’s time to turn to contract manufacturing.
In this article, we’ll take a look at the ins and outs of contract manufacturing. By the time you’ve finished reading, you’ll have a good idea... Read more »
by Carrie Hinkel on December 18th, 2007
Many newcomers to the retail business assume that when it comes time to buy their products, they’ll just ring the manufacturer and place an order. Well, for many products, that may not be the case. For big companies that sell electronics or computers, it’s truly next to impossible.
Why? Because a product manufacturer is plenty busy with designing, manufacturing, packaging, marketing, advertising and public relations. Basically, they’re doing what they do best – and that’s why their products are in demand to begin with.
It makes a lot more sense for a manufacturer to work with a company that specializes... Read more »
by Veronica Stone on 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 »
by Leeia Ladipoh on November 2nd, 2007
Starting a retail business of your own is a proven way of making cash in today’s easy access market. The Internet and other world-shrinking processes have made it possible for anyone to turn a tidy profit by finding goods and selling them directly to customers or even to larger retailers, through EBay, other sites, or simple legwork.
The trick in making some good money at this business is to ensure that the goods you are purchasing come at the lowest possible price, so that when you sell them, you are assured of the highest potential profit. You want to eliminate... Read more »
by Veronica Stone on October 17th, 2007
Once you’ve crossed the hurdle of figuring out what you’re going to sell online, you have to figure out how to source your products. You have two choices – purchase straight from the manufacturer or get the products you need through a wholesale distributor. There are advantages and disadvantages to both strategies, so it pays to understand how each method works.
Buying directly from the manufacturer may or may not involve drop shipping; however, it’s always the most direct way to get your products. When you go straight to the manufacturer, you bypass all the middlemen and distributors along the... Read more »
by Jennifer Ratliff on October 4th, 2007
A wholesaler’s biggest task isn’t sourcing product or maintaining an inventory. It is working with a variety of manufacturers who can be contrary and demanding. But this doesn’t have to be an ordeal. The manufacturer is an important link in the supply chain, so you’ll have to put your thoughts into making the relationship work. This, or you’ll end up finding a product that you would just love to carry, only to run into problems with the manufacturers or a manufacturing representative.
If you want to sell product from a specific manufacturer, the first step is to contact them. Most... Read more »
by John Kovanski on May 22nd, 2007
Such a tremendous growth in manufacturing and production in China has been heavily influenced by the rapid development of major industrial centres and cities, such as Beijing and Shanghai. Many traders believe that to make a quick dollar all you have to do is go to China and find the manufacturers of a well-known designer brands, asking them to produce an extra run for you. While this may be a good approach, you have to be very careful of which suppliers you are dealing with. There is also a so-called ‘dark side of the moon’. You may find it extremely... Read more »