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Will You Add? - How to Start a Successful Import Business Using the Internet
Searching for ways to establish a good network of people who are willing to help with locating jobs is much more difficult than one might think. Other than trying to sell something to a relative, setting up a network that does not collapse the minute you try to use it is the next most difficult thing to do in truly hard times. There are many professional HR advisors who establish programs in church groups and other organizations who peddle an approach to networking that most people cannot succeed in implementing.In the real world, asking friends, family, previous co-workers, and cold calling for contacts within companies for help in locating opportunities can be a surprisingly unproductive pursuit. No matter what “line” you concoct about your “exciting” research into furthering your career, everyone will quickly understand you are out of work, and asking them to spend time with helping y
For a complete list of Chambers of Commerce from various countries check out this page: http://www.worldchambers.com/CCII/index1.htm.
Trade Leads
If other methods did not bring any fruitful result, you can consider posting classified ads in a range of trade boards. There are many trade boards available on the Internet. While posting trade leads make sure that you specify your requirement precisely. A well-written ad will bring much better result. Post your trade leads frequently until you find a good supplier for your product.
Once you found a supplier that suits you, check him out thoroughly. Your supplier should meet the following criteria:
The supplier company must carry the product for a substantial period of time.
It
"The other part of outsourcing is this: it simply says where the work can be done outside better than it can be done inside, we should do it." ~~ Alphonso Jackson -- Secretary of United States Department of Housing and Urban DevelopmentHow Software Outsourcing Can Save MoneyPay an person outside of your company to finish a software proposal for you and you could discover yourself saving a ton of money in the process. This is a concept which may appear counterintuitive to some people but those who have embraced the concept of outsourcing understand the cost savings associated with the process is one of the many benefits. Outsourcing results in an overall cost savings for a vast list of reasons. Outsourcing contributes to reduced labor costs and greater productivity. In addition, outsourcing effectively increases manpower giving companies diverse capabilities.R
Many companies are taking advantage of electronic media quite aggressively by making new contacts, tapping into new markets and reducing costs with the help of online technologies.
Whether you are starting a new import business or planning to expand your existing business, you too can use the Internet as your primary channel for getting information, sourcing products or services, finding suppliers and doing your marketing.
Before the Internet era, finding a viable product for importing was not an easy job! Trade shows and traveling to foreign lands were the two best options available for getting hands on information on a product and its supplier. Today, required information on any conceivable product from virtually any market is available at your finger tips.
Finding a product
If you know what you are planning to import, a substantial work is already done! Otherwise, your first step is to choose a feasible product or service to import. Whether you are planning to import a general merchandize or an industry-specific product, do your homework right.
Browse through Catalog repositories, B2B exchanges, electronic trade boards, trade journals and virtual trade shows to find a product. If you know the manufacturing country from where the product is possible to source, check out the country specific portals and exchanges. Here is a list of high quality electronic trade boards:
For China made products: www.alibaba.com
Sourcing from India: www.trade-india.com
For Russian Products: www.rusbiz.com
Products from Europe: www.europages.com
From South Korea: www.ec21.com
For other country-specific or industry-specific B2B exchanges check out this list: http://dmoz.org/Business/E-Commerce/Marketplaces/
Your criteria for choosing a product for importing should include:
Your prior knowledge of the product you intend to import and its industry. Your possibility of success increases considerably if you know the product well.
Access to required quantity of this product. If you spend time and effort in developing a local market for a product and unable to deliver, you will loose business and reputation.
Quality of the product. This is a crucial aspect for developing a market for any product. Quality of the product should be consistent with market requirement.
High profit margin. As import incurs many expenses that are specific to this type of business only, prior to import anything, you should carefully calculate all required expenses and see that you still make handsome profits. You can check out the sites of your prospective competitors and make a price comparison to get initial idea on your products present market price.
Finding supplier
Once you know – what you are planning to import – your next step is to find a reliable supplier for this product.
Emarketplace or B2B exchange
B2B exchanges can be a good help in getting suppliers of the products you are planning to import.
The possible steps, you have to take to find a supplier from a B2B exchange, are listed below. As an example www.rusbiz.com is used.
- Register your company. Often this service is free!
- Go to “Advanced Search”
- Write your product name in the relevant box
- Select required criteria and click on “Search”
- You will find a list of companies.
- Check out each of them until you find a suitable one.
Chamber of Commerce
Another option is to contact Chambers of Commerce to find a supplier. A Chamber of Commerce is an association of companies that protects and promotes business interests of its members.
For a complete list of Chambers of Commerce from various countries check out this page: http://www.worldchambers.com/CCII/index1.htm.
Trade Leads
If other methods did not bring any fruitful result, you can consider posting classified ads in a range of trade boards. There are many trade boards available on the Internet. While posting trade leads make sure that you specify your requirement precisely. A well-written ad will bring much better result. Post your trade leads frequently until you find a good supplier for your product.
Once you found a supplier that suits you, check him out thoroughly. Your supplier should meet the following criteria:
The supplier company must carry the product for a substantial period of time.
It
Self-promotion, when done effectively, works for ANY business or career. Once you begin to implement the proven marketing strategies behind it … it’s EASY to be successful in anything you set your mind to. In fact, when you promote yourself over and over again, you will begin to enjoy it more, and it will reward you many times over in return.I shockingly discovered that an average of 87% of the thousands of business people I’ve surveyed did NOT feel comfortable promoting themselves and avoided it MOST of the time.In business we understand that if we don’t promote and market we can’t be successful. Right? No matter how great your service is or what amazing value you offer, if prospects don’t know about you, you’re not going to win the opportunity to do business with them.Therefore, if you don’t promote yourself … it goes against the grain of all sales and marketing success!
Finding a product
If you know what you are planning to import, a substantial work is already done! Otherwise, your first step is to choose a feasible product or service to import. Whether you are planning to import a general merchandize or an industry-specific product, do your homework right.
Browse through Catalog repositories, B2B exchanges, electronic trade boards, trade journals and virtual trade shows to find a product. If you know the manufacturing country from where the product is possible to source, check out the country specific portals and exchanges. Here is a list of high quality electronic trade boards:
For China made products: www.alibaba.com
Sourcing from India: www.trade-india.com
For Russian Products: www.rusbiz.com
Products from Europe: www.europages.com
From South Korea: www.ec21.com
For other country-specific or industry-specific B2B exchanges check out this list: http://dmoz.org/Business/E-Commerce/Marketplaces/
Your criteria for choosing a product for importing should include:
Your prior knowledge of the product you intend to import and its industry. Your possibility of success increases considerably if you know the product well.
Access to required quantity of this product. If you spend time and effort in developing a local market for a product and unable to deliver, you will loose business and reputation.
Quality of the product. This is a crucial aspect for developing a market for any product. Quality of the product should be consistent with market requirement.
High profit margin. As import incurs many expenses that are specific to this type of business only, prior to import anything, you should carefully calculate all required expenses and see that you still make handsome profits. You can check out the sites of your prospective competitors and make a price comparison to get initial idea on your products present market price.
Finding supplier
Once you know – what you are planning to import – your next step is to find a reliable supplier for this product.
Emarketplace or B2B exchange
B2B exchanges can be a good help in getting suppliers of the products you are planning to import.
The possible steps, you have to take to find a supplier from a B2B exchange, are listed below. As an example www.rusbiz.com is used.
- Register your company. Often this service is free!
- Go to “Advanced Search”
- Write your product name in the relevant box
- Select required criteria and click on “Search”
- You will find a list of companies.
- Check out each of them until you find a suitable one.
Chamber of Commerce
Another option is to contact Chambers of Commerce to find a supplier. A Chamber of Commerce is an association of companies that protects and promotes business interests of its members.
For a complete list of Chambers of Commerce from various countries check out this page: http://www.worldchambers.com/CCII/index1.htm.
Trade Leads
If other methods did not bring any fruitful result, you can consider posting classified ads in a range of trade boards. There are many trade boards available on the Internet. While posting trade leads make sure that you specify your requirement precisely. A well-written ad will bring much better result. Post your trade leads frequently until you find a good supplier for your product.
Once you found a supplier that suits you, check him out thoroughly. Your supplier should meet the following criteria:
The supplier company must carry the product for a substantial period of time.
It
Thinking about a domain name transfer? Well whatever prescription drug it is you take to calm your nerves, lay in a good supply. This is definitely not a pleasant experience, especially if you’re a computer bumpkin as I. Wait? That’s not fair to me. In some areas I am lacking. But if you’ve never been through this, how could you be expected to know?Because of a problem with my web hosts technical features, I was forced to upgrade to a more sophisticated system. Barreling ahead in my towering naivete, I chose a host that was rated in the top 10 by an independent reviewer. No problem there. I called and their sales gave me all the details. They told me to call and cancel my present server, and send my future server (Let’s refer to them as P and F from here on) a transfer authorization number. Done.I thought, well this was easy, I’ll be back up and running by tomorrow. WRONG!The
For other country-specific or industry-specific B2B exchanges check out this list: http://dmoz.org/Business/E-Commerce/Marketplaces/
Your criteria for choosing a product for importing should include:
Your prior knowledge of the product you intend to import and its industry. Your possibility of success increases considerably if you know the product well.
Access to required quantity of this product. If you spend time and effort in developing a local market for a product and unable to deliver, you will loose business and reputation.
Quality of the product. This is a crucial aspect for developing a market for any product. Quality of the product should be consistent with market requirement.
High profit margin. As import incurs many expenses that are specific to this type of business only, prior to import anything, you should carefully calculate all required expenses and see that you still make handsome profits. You can check out the sites of your prospective competitors and make a price comparison to get initial idea on your products present market price.
Finding supplier
Once you know – what you are planning to import – your next step is to find a reliable supplier for this product.
Emarketplace or B2B exchange
B2B exchanges can be a good help in getting suppliers of the products you are planning to import.
The possible steps, you have to take to find a supplier from a B2B exchange, are listed below. As an example www.rusbiz.com is used.
- Register your company. Often this service is free!
- Go to “Advanced Search”
- Write your product name in the relevant box
- Select required criteria and click on “Search”
- You will find a list of companies.
- Check out each of them until you find a suitable one.
Chamber of Commerce
Another option is to contact Chambers of Commerce to find a supplier. A Chamber of Commerce is an association of companies that protects and promotes business interests of its members.
For a complete list of Chambers of Commerce from various countries check out this page: http://www.worldchambers.com/CCII/index1.htm.
Trade Leads
If other methods did not bring any fruitful result, you can consider posting classified ads in a range of trade boards. There are many trade boards available on the Internet. While posting trade leads make sure that you specify your requirement precisely. A well-written ad will bring much better result. Post your trade leads frequently until you find a good supplier for your product.
Once you found a supplier that suits you, check him out thoroughly. Your supplier should meet the following criteria:
The supplier company must carry the product for a substantial period of time.
It
Advertising and marketing services are absolute essentials for any product to compete in the market; they provide a stepping-stone towards catering to a larger audience and also help in creating a brand identity among existing customers. Marketing is the tool through which a company makes an entry into the market, and advertising introduces the product and services to the end user.Other functions of advertising are to provide products and services to potential buyers in an effective and persuasive manner. The goal of advertising is to develop awareness of a product or service and to build a distinctive corporate image for an advertiser. Advertising services can vary, from doing market surveys, designing brochures and pamphlets, logo designing, etc. These organizations cater to all the requirements of the company, from image building to brand building exercises. One of the critical services
Finding supplier
Once you know – what you are planning to import – your next step is to find a reliable supplier for this product.
Emarketplace or B2B exchange
B2B exchanges can be a good help in getting suppliers of the products you are planning to import.
The possible steps, you have to take to find a supplier from a B2B exchange, are listed below. As an example www.rusbiz.com is used.
- Register your company. Often this service is free!
- Go to “Advanced Search”
- Write your product name in the relevant box
- Select required criteria and click on “Search”
- You will find a list of companies.
- Check out each of them until you find a suitable one.
Chamber of Commerce
Another option is to contact Chambers of Commerce to find a supplier. A Chamber of Commerce is an association of companies that protects and promotes business interests of its members.
For a complete list of Chambers of Commerce from various countries check out this page: http://www.worldchambers.com/CCII/index1.htm.
Trade Leads
If other methods did not bring any fruitful result, you can consider posting classified ads in a range of trade boards. There are many trade boards available on the Internet. While posting trade leads make sure that you specify your requirement precisely. A well-written ad will bring much better result. Post your trade leads frequently until you find a good supplier for your product.
Once you found a supplier that suits you, check him out thoroughly. Your supplier should meet the following criteria:
The supplier company must carry the product for a substantial period of time.
It
Recently, I had my carpets cleaned by a new company I had never used before. This is a new company and the owner himself showed up to clean my carpets. It took him 3 hours to do the stairs, hallway, family room, living and dining rooms. But, when he was done, they looked TERRIFIC and I was “sold” on his company.When we hold a workshop, make a sale from our site, create a custom album, etc. we hope that the customer will come back and buy from us again because they had a good experience. We want loyal customers who appreciate our work. But, loyalty isn’t the highest level of satisfaction you can you can achieve from a customer, ADVOCACY is. That’s what will help your business grow.One definition of an ADVOCATE is: To speak, plead, or argue in favor of something. Do your customers do that? When the carpet man left yesterday, I told three neighbors about him and said th
For a complete list of Chambers of Commerce from various countries check out this page: http://www.worldchambers.com/CCII/index1.htm.
Trade Leads
If other methods did not bring any fruitful result, you can consider posting classified ads in a range of trade boards. There are many trade boards available on the Internet. While posting trade leads make sure that you specify your requirement precisely. A well-written ad will bring much better result. Post your trade leads frequently until you find a good supplier for your product.
Once you found a supplier that suits you, check him out thoroughly. Your supplier should meet the following criteria:
The supplier company must carry the product for a substantial period of time.
It should have experience in export – preferably to your country.
It should have readily available export references.
It should be a reputable company in its country.
If the company meets the above criteria get Dun and Bradstreet report of the company to verify its financial background.
Selling imported products
Before even thinking about importing a product or service, you should know exactly who your customers are and how you are going to sell your products to them. Although, there are numerous ways of selling a product, selling through the Internet is gaining ground fast.
Selling through your own website
Considering the growth of e-commerce, today, any consumer-oriented product is viable to sell through the Internet. Your success will largely depend on your ability to market your website appropriately. Your website should have the following qualities among others: appealing design, well described product specification with clear pictures, great content, fast connection, easy-to-use shopping cart and a good merchant account.
Drop ship
As a drop ship distributor, you carry the inventory and your joint venture partners make the sales. Once a product is sold you get the payment from your partner but ship out the product directly to the end customer.
Selling through distributors
Selling through resellers with expertise in your field lowers marketing and selling costs. If you sell products through a number of distributors and each of these distributors use diversified marketing method, your sales potential get multiplied without spending extra on marketing.
E-marketplace
An E-marketplace is a business community, where you can expect to see a large number of buyers and sellers. For a seller it is a low cost, highly functional and easy-to-use sales channel. Benefits of selling products through emarketplace also include:
- Low customer acquisition cost
- Improve customer service
- Efficient information sharing method
Reduce supply chain cost
Entrepreneurs who want to get serious about importing have to acquire substantial knowledge of the process. Many of the information needed to carry out an import export business is available on the Internet. Anybody with enough enthusiasm to learn can easily find them and use to build a profitable and interesting business.
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