Posts Tagged ‘export’

Getting a wholesale supplier is easier if you know exactly what products to look for. Wholesalers usually provide products in bulk at a smaller price compared to retail. The ideal wholesaler should be able to provide the products on time and should have excellent customer service online and offline. You’ll be purchasing from the smaller wholesalers at higher prices as you are just starting your business. The increase in volume allows you better pricing and/or switch to a bigger wholesaler.

When you would like to find a wholesaler, you might consider the following:

Commence with the source. It would be necessary to approach the manufacturer and ask about their minimum orders. You also need to ask for their turnaround time and wholesale prices. Be honest and to the point. Don’t try to make it sound bigger than it really is. You also have to explain the items you need and what you need them for. Either they only sell through established distribution channels or you can’t meet their minimum requirements, you have to ask for a list of distributors you can contact. Getting the lowest prices or at least a list of reputable distributors to start your search are possible when you start at the source.

Try the considerable powers of Google. You can already add your product keywords once you’ve already googled for the words ‘wholesale’ or ‘distributor’. Try their names, model numbers or brand names. When you’re already on the suggested site you have to get a contact number or email address or look for a “wholesale accounts” link. It is also suggested that you keep a detailed spreadsheet of potential wholesale suppliers and all your contact with them. This helps you not to get confused.

Network. Join local industry groups, internet forums and professional networks for learning experiences.  So it will take time and considerable networking to compile the best wholesale suppliers for your business, other retailers will not share information on their suppliers with potential competitors. Online presence, relationships and connections should be fostered.

Publication subscription Magazines and newsletters in your industry will have advertisers that are product manufacturers or distributors looking to reach someone like you. The ads in the back of the magazines are great places to find leads. They also usually have a website for easier access.

Trade shows. Trade shows are especially tailored for retailers. Miscommunication and inaccurate information that can be caused over online communications can be avoided because it lets them talk face-to-face with manufacturers or distributors.

Remember that creating the perfect supply chain for you involves a lot of trial and error. You cannot also expect your first wholesaler to be a lifelong one. Here’s what you basically need from your supplier: sell products at a profit. Just reinvest your capital and a portion of the profits into the business.

Here’s a website that will give you more information on :Wholesale Merchandise

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Adding import and export capabilities to your business is an important and very useful asset. With these capabilities you will be able to expand into lots of new markets both national and international. Without them, you are limiting your market to your direct surroundings.

So how do you go about improving your existing strategy, or developing and implementing a new one. There are several key areas that are common to all successful import/export organisations that can be used as good basic international trade advice:

- To begin with, a well planned marketing strategy is an essential. It may be prudent to seek some import advice because you need to carefully consider where you are entering markets. Consultation with experienced experts and up to date information are highly important in creating an efficient plan.

- The likely success of a product in an international market can be basically judged by it’s performance in a domestic setting. Unfortunately, this isn’t always the case, but does give a good general indication.

- You need to make sure you have sufficient capital to effectively market your products in these new areas. Many businesses don’t realise the cost of breaking into new, and often very competitive markets. This is one of the leading causes of business failure.

- Make sure the company is committed. One of the very worst outcomes is a failure due to insufficient research or lack of committment. To ensure success overseas, financial, time and staff resources have to be focused and dedicated to the project.

- Disparity between services in a domestic and overseas market can lead to serious problems. It is likely that you will have to offer roughly the same level of service across the board.

- International financial matters are the last tricky area. Watch out for unusual quirks or local customs that may affect credit agreements or payment. Make sure you thoroughly familiarise yourself with the financial systems of any market you intend to enter.

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Starting an import and export business, or venturing into import export with your current business can be a daunting prospect. Depending on what you’re exporting and where form, the laws can be drastically different. This can range from free circulation of goods between EU countries (provided the goods were produced in an EU country), to large fees and taxes. Before moving too far in your new venture, it is best to get advice from professional organisations like the IOE (export.org.uk), Business Link, UKT&I or some of the other UK government trade websites, of which there are many. These impartial advice pages can provide invaluable knowledge on many aspects of international trade, and also provide many different levels of export training courses, so you can train yourself or staff in your company so they are prepared. Before that, I have some basic tips to start out on the right track to a successful business:

- Dedicated Fax Number / Efficient Voicemail System

These two systems are invaluable, and can save you a whole load of time and effort. Many people still use faxes, but there are great new sevices that will forward a PDF version of the fax to your email address, meaning you’ll never miss anything. Along the same lines there are voicemail systems now that will forward a recording of the message to your email. The combination means you’ll never miss any customers.

- Proper Email Address / Website

This is an important one. If you use Goolge, Hotmail or Yahoo no-one will take you seriously, and may well ignore your emails altogether. It is important that you don’t use Google, Hotmail or Yahoo accounts for emails, as it seems very unprofessional. Many people will not open, let alone read emails from these addresses. Another problem with them is that new spam filtering technology trashes anything with dollar or pound signs, and many other triggers because of spam problems. Your time is much better spent investing in a decent .com or .co.uk website and making use of the mailboxes and address supplied.

- No Free Samples

This is a bit of a tough one. Hold off from sending out free samples, even though you may feel like you want to in order to get your name out there. You have to be vary careful with free leads and trade boards, as the majority of people on there are simply spammers or free sample seekers. The best way to handle samples is to ship them a wholesale price then deduct them from a larger order when/if it comes.

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In traditional communities, the knowledge and resources cannot be owned individually. These are communally held. In the case of specialized knowledge, these are held by certain individuals or families who pass it on to their progenies from generation to generation. Some are held by specialists such as shamans or medicine men or women. The practitioners of this knowledge are expected to hold this knowledge on behalf of the community in trust to be used for the welfare of the communities. These are not to be privatized or commoditized.

The issue of making this knowledge into intellectual property so that these can be traded as a commodity has come in for intense debate in recent times. What has come to emerge is that when such knowledge and related biodiversity is commercialized, the prior informed consent of the holders of the knowledge and related resources are to be obtained. The community should also receive a share in the profits from such commercialization. Governments are yet to incorporate these requirements in their respective national laws. However, these have now come to be recognized internationally as desirable principles.

When the biological materials and related knowledge, whether it is microorganisms, plants or animals, are acquired without the explicit prior informed consent of communities, then it is called biopiracy. It is implied that such acts are not ethical or moral. Hoodia gordonii, an African plant from the Kalahari Desert, became world renown for its role as an active appetite suppressant. This knowledge belonged to the San people. The Hoodia gordonii extract became the main ingredient for a number of weight loss products. When the media raked up the issue that neither were the San people acknowledged not were they given a share in the profit, this was soon rectified. There have been similar isolated cases of acknowledgement and benefit sharing as Arogyapacha in India.

The Convention on Biological Diversity (CBD) is the international instrument that enunciated prior informed consent, and access and benefit sharing as the principles to guide such commercial exploitation of traditional knowledge. CBD became an international instrument of law in 1993. CBD provided for the right of countries to its genetic resource and knowledge to regulate and control them. The bioprospectors who intend to access these resources and knowledge are to obtain prior informed consent. These accesses are to be controlled and regulated by the respective national governments. All the countries have ratified CBD except for Andorra, Brunei, Somalia, Iraq, and United States.

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