How to Break Into Importing : An Easy Entry for Beginners
Looking around the web this week I was thinking a lot on how to get into the importing business and came across this article by Chris Malta & Robin Cowie. I found it extremely informative and gives a great overview.
It made me realise how important it is to do some research before making some serious errors and costing a lot of money. I’ve pasted this article on 'How To Break Into Importing' below for you to check out for yourself. .
| Import/Export: How to Get Started in International Trade |
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| Retail Price: £9.99 |
| Amazon Price: £26.37 |
A Novel Strategy
According to Peter Zapf, of SmartChinaSourcing.com and GlobalSources.com, it was for this very reason that his company created their sister web site, GlobalSourcesDirect.com, which essentially acts as an overseas wholesaler. They buy and warehouse large volumes of product directly from numerous Chinese manufacturers, and place them on their web site. You can purchase those products in much smaller quantities, and have them shipped directly to your home, office, or warehouse. Explains Zapf, "We wanted to eliminate the complexities and the red tape that keep new resellers from experiencing the benefits of importing. This site makes beginning simple – we take care of all the details."
Removing the Fear Factor
The bottom line is that you can enter the world of international sourcing without dealing with a lot of the hassles and challenges. GlobalSourcesDirect.com handles the more difficult aspects of importing for you:
• Large minimum orders. With GlobalSourcesDirect.com, you can place an order as small as a single carton, which greatly reduces your investment risk.
• Long lead times. Many overseas manufacturers don't source the materials to make your products until you actually place an order, so it may take thirty to ninety days just for the manufacturing. Here, however, the products are already made and ready to ship, greatly reducing your lead time.
• Quality control. You don't have to hire a third party to conduct an independent inspection of your products prior to shipment. When merchandise arrives at their Hong Kong warehouse, the team at GlobalSourcesDirect.com will examine it before they ever place it on their site. And if by some chance, your products should arrive in an unsatisfactory condition, they'll also handle the replacement or refund.
• Intellectual property rights. Again, GlobalSourcesDirect.com will review a product to ensure that there are no IP violations and that all necessary certifications and permissions are in place, saving you the trouble.
• Negotiation. You're not communicating directly with the manufacturer, so negotiation, cultural and language barriers are never an issue.
• Payment. You can pay with PayPal or credit card, just like any other shopping web site, so you don't have to worry about international currency rates or how to get your payment to your supplier.
• International clearance. You don't have to track down logistical providers and negotiate delivery rates, or deal with Customs regulations. GlobalSourcesDirect.com has the shipping power to negotiate better international rates than you could as an individual retailer, and they'll make sure that you're in compliance with Customs.
The idea behind the site is to make importing as easy and painless as possible, allowing you to get a feel for the process and test out internationally manufactured products. Advises Zapf, "Importing can seem incredibly intimidating, but GlobalSourcesDirect.com removes the fear factor. We let you try it out and get your feet wet. As you build confidence, you can graduate to working directly with overseas manufacturers and suppliers. It's well worth putting forth that effort and getting started, because you have such a fantastic opportunity for high returns.
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BIOGRAPHY: Product Sourcing Radio is Created and Hosted by Chris Malta and Robin Cowie of WorldwideBrands.com, Home of the Internet's Largest Source of Genuine, Factory-Direct Wholesalers for online sellers.
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