3 Creative Ways to Pay for Inventory
Finding money to pay for new inventory is arguably the most challenging financial aspect of running a product-based business. It’s the maker’s catch 22; you can’t increase revenue without producing more products, but how do you produce more products without first making more money?! In this post we discuss 3 ways to circumvent this issue and creat…
Does the website prove the existence of a Chinese company?
We have already written how many Chinese scams can be avoided by confirming the existence of the company in People’s Republic of China. A common mistake commited by businessmen who imports
Types of Customs Examinations in USA
Once or twice (or even a few times) per year I get notified that one of our shipments has been selected for a customs examination. One of those times occurred this
Buying products in China? Only 15% is from China.
A point I always try to make with new importers is that the actual product you are buying in China is only a small part of the experience that you’re selling.
Wiring money to a supplier? Read this first!
If you source globally, you most likely have to wire money from time to time to the people and companies that are providing the materials and services for your products. Bank transfers are the most common and convenient way to exchange funds between currencies. And while they allow people from all parts of the world to do business together, there…
Dealing directly with a factory isn’t always ideal
Trading company or factory?
So many people get caught up in the “I must deal with the factory only!” mentality. There’s some things to consider if you want
Begging a Supplier to Do Business
A friend of mine, also in the importing business, let me know recently that one of his top suppliers had recently cut him off. In other words, they let him know
Where To Find Chinese Suppliers To Buy Wholesale And Private Label From
If you’re just starting your importing business there are essentially two places to find products: the internet and trade shows in China.
Alibaba
The advent of the internet has enormously reduced
Meeting Chinese Suppliers & “Factory Visits”- My Experiences
In this article, I’m going to detail some of my personal experiences meeting Chinese Suppliers. The term “Factory Visit” in China I have found is a broad sweeping term to refer
Language Challenges
Language Challenges
First thing is first, English is the de facto language of business throughout the world.
You’ll frequently see the claim that China now has more English speakers than any