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First things first: choosing the right product
- May 13, 2014
- Posted by: Trade Logistics
- Category: All, Import, International Markets
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If you would like to be a top importer and stand out head and shoulders above competitors, you need to choose the right product. This may seem logical, a given even, but if you don’t get this fundamental first step right, your business may never take off. I suggest taking your idea to the next
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Finding the right supplier for your import business
- May 13, 2014
- Posted by: Trade Logistics
- Category: All, Import, International Markets
If there’s one thing many business owners struggle with, it is finding the right supplier. This is where your business could either sink or swim. Find the wrong supplier and you could end up paying deposits to a company that does not exist. Find the right supplier and your business will probably go from strength
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Ensuring profit before you order
- May 13, 2014
- Posted by: Trade Logistics
- Category: All, Financial Matters, Import
Having done all the research and found the supplier you wish to use to import your product, you need to ensure that you can actually make some money selling the product. If you are not making a profit, there is not much point in being in business. Let’s take a look at how you would
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Making safe foreign payments
- May 13, 2014
- Posted by: Trade Logistics
- Category: All, Financial Matters
You’ve done your homework. You have identified the product you want to import, you have found out what selling price your competitors charge and you have identified your supplier and run a test order. Now it’s time to place your first main order and pay your supplier, but first you need to make sure that
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Sell for a profit
- May 13, 2014
- Posted by: Trade Logistics
- Category: All, Financial Matters, Freight & Logistics
The time has now come for the really fun part – making some money. In other words, you need to sell the product you have imported. You have two options open to you: You can sell the product directly to consumers You can sell the product to retailers
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Import Basics: Arranging the logistics
- May 12, 2014
- Posted by: Trade Logistics
- Category: Freight & Logistics, Import
Having found a product to import and negotiated a cost with the supplier, it is time to get the product delivered to you. Here are a few points to keep in mind that will help avoid any surprises along the way! Firstly, you will need to understand incoterms. Incoterms stand for International Commercial Terms and