Tips on import export wholesale!

By: Kirthy

Your eCommerce site will eliminate or reduce workloads of sales and support force. Marketing on the Internet is significantly cheaper than in offline world. You will also benefit from lower telecommunication costs, losses incurred from document errors, inventory and sales management costs. This will have direct impact on your company bottom line.

Many successful importers worked in the import/export industry before they launched their own business. Not only had they become familiar with the customs and regulations of the business, they made many contacts that they can consult and seek help from. Do you have work experience in the industry you will be importing products for?

You are aware of the competitors in the market for your particular product line. You know where they are strong in and where they are weak in and you have targeted for yourself a niche where you can provide the greatest differentiating edge and advantage.

The best alternative is to use export factoring, a form of export finance. Export factoring allows you to accelerate the payment of your foreign export invoices, providing you with the necessary funds to meet your obligations and grow your company. With export factoring you can get your invoices paid in as little as 2 days. And, as opposed to most conventional financing tools, factoring is easy to obtain and quick to set up.
Invoice factoring can also be very easy to use. It works as follows:
1. You sell and deliver your goods/services to your customer
2. You invoice your customer
3. The factoring company provides you with an advance on your invoice of up to 85% of its net value. This is the 1st installment
4. You get immediate funds to operate your business
5. Once your client pays, the transaction is settled and the factoring company rebates the remaining 15% as a 2nd installment, less a small fee
Having a little capital to work with, say around one thousand US dollars; will allow you to get off to a solid start. Exporting goods on the Internet is one of the least expensive ways of getting started and can be done through existing import export companies.)
Researching import export businesses can be done effectively online. There are many such small businesses (or at least, they started that way) who are willing to share the secrets of their success. Importing and exporting is not rocket science, nor does it require you to have a Ph.D. in economics. Just understand the marketing strategies, and you will find it easy too.

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