Showing posts with label importing. Show all posts
Showing posts with label importing. Show all posts

Saturday, October 10, 2009

Import Export Business Answers

Question about Exporting to Jamaica.

message: I have a family member that is living in Jamaica. We are trying to find out the laws of me buying stuff here in the US and shipping them to Jamaica where she can sell out of a store. I just need help finding out if i need a license and if so what type. Are you able to help me with this question? Please let me know.

Answer:

You are asking a question that could have many potential
answers.

Most of the time, there are no licenses required to ship
something from country to country unless it is considered
hazardous like chemicals, weapons, etc..

If you are talking about large, container size shipments, then
you should talk with a freight forwarder to assist you. If you are
talking about boxes that can be shipped via the post office, you
can talk to someone at a reasonably sized post office.

If it is small enough to ship via the post office, it will most likely
be the cheaper way to both ship and get through customs. See
many times there are no restrictions or fees other than shipping
from the country a product ships from but there are fees (customs,
duties, etc) that are due by the buyer upon receipt.

You may also find some information posted at the US Postal web site at www.USPS.com - there is usually a customs form
you have to complete at the Post office showing what is in th e
package and the estimated value (this is how the receiving
country ends up taxing or charging customs).

As an example, we used to sell an automotive product on our
web site and in Canada, they charged about $25 on a $150 valued
item which was about 16 to 17% of the items value.

Fresh food items often require special handling due to bugs,
spoilage, etc..

Hope this will help get you pointed in the right direction.


Ron Coble
International Business Services

Monday, May 11, 2009

FREE Import Product Sourcing E-Magazines

FREE Import Product Source E-magazines -

Here is a list of the FREE Product sourcing E-magazines
that are available to you -
  • Auto Parts & Accessories
  • Baby & Children's Products
  • Computer Products
  • Electronic Components
  • Electronics
  • Fashion Accessories
  • Garments & Textiles
  • Gifts & Premiums
  • Hardware & DIY Products
  • Home Products
  • Security products
  • Sports & Liesure Products
  • Telecom Products

Inside your e-magazines, you'll find:

New product profiles -
Including pictures and top-line specifications

Insights into new
development and trends in your industry


Updates on pre-screened
suppliers in China and throughout Asia


Click Here For Free Import Product Sourcing Magazines
Click Here Or On The Picture Above To Apply For Your FREE Import Product E-Magazines

Tuesday, February 17, 2009

Import Export Business Questions & Answers

The following is a list of Questions from someone who was considering the Import and Export business and my answers to those questions (NOTE: the questions are numbered and my answers are preceded by several asteriks)- one point of reference - I refer to "absolutes" quite a bit - giving an an "absolute" is an impossibility when it comes to starting and succeeding in a business:

AS i'm doing my due diligence search i have some questions about the import and export Business.

1. Between import and export, which one will give me a quicker result? I understand it might be up to my speed and learning ability, but give me an average: which one of the two gives better and quicker result, i know i cannot do both at the same time, i'm trying to see which one of the two that i should try first.

**** Your first absolute which I cannot provide - each business is different - each person entering these two businesses are different and bring with them different personalities, backgrounds, abilities, and resources. Personally, I feel (not an absolute) that there are more opportunities within the exporting business, especially right now with the US dollar being at historic lows - this makes our (USA) goods less expensive to buy by foreign importers.

The exporting business also offers (in my opinion) more opportunities to work it indirectly, i.e., without buying the product with your own funds or legal financial obligations. Both the course publisher and I recommend that you start out working as an export agent or broker where you match buyers to sellers, after you have an agreement with the seller to pay you a commission. In my many (almost 20) years in this business, I have not seen many (if any) similar opportunities to work the importing business as an agent or broker.

Most often in importing, you have to put money out for the goods and be totally responsible for their shipment, then the marketing, sale and shipping of those products.

2. Once i order the import or the export package for the price listed on importexporthelp.com websites, is there any other money that will come out of my pocket soon or later. I'm trying to keep up with my budget, i don't want to order either package, then later i find out that i cannot keep up with the business because i'm short on cash.

**** There is only one other resource that we offer that I recommend - a subscription to the online Export Leads service as described here: http://www.importexporthelp.com/trderl4.htm

I think you should have a dedicated fax number but that does not mean you need an extra phone line - as a bonus when you order the Exporters Master Package - I send you some agreement formats, a letterhead format and some information on resources I use in my own business, such as a dedicated fax number that emails me my faxes and only costs $34 a year (not month, a year). Beyond that would be your phone bill and I can give you the name of my long distance service if you like - I have been with them for about 8 or 9 years now because they have the best domestic and international rates I have found.

3. i'll be willing to do whatever it takes for that business to work, i have tried so many other online businesses, they were not working for me, but this one will: That's why i'm doing all the possible research before i get deeper to it. Would you tell me about how much time i will need to spend on the business (weekly).

**** Another absolute - sorry but I simply cannot give you an answer - no one can and if they do, get it in writing, signed and dated.

4. how guarantee is the business for everybody who do what they suppose to do, including research and all that. Does this Business requires for you to have luck.

**** Another word for guarantee - absolute - patience, persistence, perseverance, tenacity - all go into your ability to succeed in this business or any business - I am quite frank here, if you are looking for guarantees and absolutes, then you probably should never go into business for yourself.

5. How many transactions can you hit in a month after you get used to the business? Can you do more than one transactions at the same time?

**** Working the business as an agent or broker, I would encourage you to be working on several possible deals (if you have the time) not every (for that matter, not most) deal will come to fruition. I live in the Pennsylvania dutch area and they have a saying around here - "dont put all of your eggs in one basket" - the same goes for starting out and building your business - dont get so focused on one deal that you ignore other potentials, but by the same token, don't get spread too thin by trying to do too many. How many is too many, when you do not have time to follow up with what you need to do to see even one come to fruition.

6. is it going to take me 3 to 6 months to learn the material or is ti going to take me 3 to 6 months before i make my first cash.

**** Sorry, another absolute - too many variables are in play - you, the marketplace(s) you choose to pursue, your ability to communicate, whether over the phone or in writing or possibly in person. How can I be a judge of that? Sorry, but I will say that minimally, if you were successful on your very first deal, you would still be looking at 3-6 months before you would collect your commission from the manufacturer - simply, it takes that long for everything to process through, i.e., shipping, negotiation, customs, payment by the buyer, etc..

7. I know i'm going to have to reinvest some of my profits into the business, how would i be able to do that?

**** Working the export business as an agent or broker really does not require a lot of reinvestment - a phone, fax (which you can do with software in your computer) , fast internet connection, these are the basic tools, except for maybe this - I do recommend that if you get a manufacturer to sign you on as their export agent/broker (one of the hardest parts of the business actually) - then I recommend that you use every means possible to promote the manufacturer's products, but in a generic manner so the potential buyer(s) have to come through you to learn more. I strongly recommend you develop a web site that promotes these various products in a generic manner, under your name or your business name and use either search engine optimization or pay per click advertising to promote their products. Most manufacturers allow you to use their product pictures, etc on your web site since you are helping to promote their products, even though generically.

Hope the above Q & A's will help you make a more informed decision about the Import Export business and whether you are ready to make the investment of time and money required to get started.

Ron Coble
Coble International Business Services
http://www.importexporthelp.com/

Friday, December 19, 2008

Are You Ready To Start An Importing Business?

Here are a few key questions to consider when thinking about
starting an importing business to help you learn if you are ready
:

1. How well are the products selling that you are considering
importing?

2. Do you have a market already established for those
products?

3. If you do not have a market, i.e., buyers, how are you
going to get those buyers to first learn about your products,
then buy those products?

4. Do you have the expertise to deal with the foreign
languages of the countries you are thinking about importing
from?

5. How will you pay or finance for those products?

6. Are your trusting enough (or naive enough) to send your
funds to a company you found on the Internet simply because
they have a nice looking web site and best of all, the lowest
prices you have found yet?

7. Have you ever heard of the term "due diligence" and do
you know how to perform it on potential suppliers?

8. Have you ever sold anything? Products or services via
any method of marketing?

The above list are just a few of the questions you must
answer to yourself when considering the start of just about
any business, but especially one that requires you send
your hard earned funds to someone in another country.

Consider this post a reality check. If some of the things
in this post upset you, good. I would rather give you a
reality check before it costs you any serious money.

Most people have more dream than they have experience or
willpower. They want the fast track to guaranteed success
and do not want to face the realities of business that
do not match their dreams.

If you have ever considered starting an import business,
you better have solid answers to the above questions.

The primary one - who are you going to sell to? Second,
do you have "any" business experience??

When someone calls me on the phone asking about starting
their own importing business, the first questions I ask
are those listed above.

Most answer that they do not have any business experience
or if they do, it does not involve the actual sale of the
products they are thinking about importing.

The recommendation I give them in such instances is as
follows:

If you do not have any experience and/or you do but
you do not have an established market - then start selling
stuff on eBay.

By stuff I mean the excess things you have personally
accumulated, that same stuff owned by your relatives and
friends.

Selling "stuff" like this teaches you the "how to" of
the largest marketplace in the world - eBay.

It also gives you an opportunity to experience the "thrills"
of doing business, such as

Experiencing a sale or no sale

Researching how to price your products (based on previous
sales of the same or similar products)

Setting up a no cost merchant account with eBay's paypal
service and joyously paying fees to both paypal and eBay.

Dealing with shipping and handling.

Dealing with customers, communications - customer service
if they are not happy with the "stuff" because you did not
write a thorough description or provide a photo that did
not detail every nook and cranny of the stuff.

Dealing with non-paying customers.

Not trying to scare you away from your dreams but simply
giving you a path to learn from that does not cost you
a lot of out of pocket funds.

Now for some resources that my experience and research
over the past 7-8 years has discovered to be the BEST
I personally have found -

If after reading the above you realize that you are
"not ready for prime time" in starting your own importing
business, then this first resource is a place you should
visit and take advantage of "every FREE resource" they
offer to help you decide if their paid service would
help you launch your business.

This first link will take you to a search engine like
facility within their service where you can search for
suppliers of various items to see how many they have in
their database system:
http://www.importexporthelp.com/redir/odssd.htm

-- just enter the name of the product(s) in the search
engine space, submit and wait for the results - the
search results will bring up various listings, one
will say "Import Buys" that is the one to focus on -
see the number out to the right that is underlined,
that is the number of suppliers they have for the item
you searched for - click on that number to expand and
see further details.

If you see that their service would be beneficial to you,
then get it - if you are not finding enough suppliers to
make it worthwhile then two things - 1) do not get their
paid service or 2) realize that maybe there is a reason
for not finding the product(s) and change the name or
learn from this that maybe you cannot sell that product
because it has minimum requirements that you would not
be able to handle or there are exclusive distribution
rights that simply exclude others from selling it.

A bit of advice on products you are thinking about selling -
don't get so fixated on one or two products that you
spend all your time seeking to find a supplier for it.

Understand that MOST of the BIG BRAND NAME products
have "EXCLUSIVE" distribution agreements and you are
NOT going to the attention of a manufacturer since you
are just getting started. Once you have a market
base established, then you 'may' be able to get them
to answer your phone calls, but you better have a
huge market base.

Now once you have that market base established and you
feel financially successful enough to purchase a much
larger (maybe container load) of a product, then it is
time to beging considering Importing it yourself.

This is when you are ready for our Importing course
and should get it so you understand all the aspects
of importing before you even make your first foreign
inquiry. Here is a link to our course:
How To Start An Importing Business Course

Last, but certainly not least, getting back to selling
on eBay - I am going to give you the link to our web
page where you may download, for free, an ebook that
I purchased a few years ago and found to be extremely
helpful when I made my first foray onto eBay to sell
some of the "too much" stuff I had accumulated over
my lifetime. Go visit and download at:
Free Ebay Selling Auction Book

Now the most IMPORTANT thing that selling on eBay
provides you is learning how to take ACTION! Beyond
dreaming about starting a business, by actually selling
(or attempting to sell) your first "stuff" on eBay,
it causes you to take that ALL IMPORTANT FIRST STEP -
ACTION.

This brings me to close this post with something I
read recently that Walt Disney once said - it applies
to you feeling overwhelmed with all of the strategies
you want to try - some people (maybe you) get so
completely overwhelmed that they put off getting
started for far too long.

Walt Disney put it simply like this:

"The way to get started is to quit talking and begin doing."
Walter Disney

Hope this post will help you decide to "BEGIN DOING".

Ron Coble
International Trade Marketing Services
http://www.importexporthelp.com/

Sunday, May 18, 2008

Import And Export Business Q&A Continued

Question:

Can you guide me as to where I could find more information on regulations for export to Mexico? We are a US company that would be shipping within the U.S. The product would then be sold in Mexico by the customer.

Answer:

We do not provide consulting of the nature you have requested. My suggestion for either you and/or your customer is that they get our course on exporting - it will guide you/them through all the processes and provide details on which public/private organizations you need to contact with regards to specific products for the specific regulationsand requirements regarding those items - you may review details of the course here and feel free to forward this message to your client:
http://www.importexporthelp.com/trdspm1.htm

*****************************************************

Question:

I know you don't need a certificate to start a business but regarding the commission fees, is there a difference regarding the income of an agent compared to a broker on the same transaction(connecting seller to buyer) or is it just a title difference? Are there certain income the broker can make that the agent can't just because one has the license? I'm seriously thinking of starting the business, but I just need to do a bit of research according to your advice on the blog.

Answer:

In regards to the "title" - that is all the difference there is - whatever you choose to call yourself. I have been referred to in agreements as the International Sales Coordinator, International Marketing Consultant, Export Agent, International Business Broker - bottom line is, I don't care what they call me as long as they have my name or my business name spelled correctly on their checks.
You also refer to the term "license" - the only licensed individuals in import export are "Customs Brokers" and they are not working as agents/brokers for the manufacturer and earning a commission, they get paid to make sure all the i's are dotted, t's are crossed on any documentation and sometimes provide other shipping related assistance. Our course will teach you who you need to work with to get the deals done without trying to do it all yourself.


Follow Up Question From The Same Person:

Thank you for your clear explanations. I was probably confused between a broker and a Custom Broker.

I have one last question and I hope you don't see it as being too straight forward. Can you tell me why I should choose your product over other Starter Kits($400 range), classes plus support, books/notebooks (Entrepreneur.com), e-books, import/export coaching, CD-roms, DVDs and etc.?

Answer to Follow Up Question:

There are a lot of good materials on the market and I have probably purchased or reviewed most of them over my 20 years in this business. First off, I would be very, very wary of any "coaching" programs or those that offer what I call hand holding "support" - I have written enough about these type of programs on my import export business blog that I will defer you to go find them and read why.

In most instances, the "support"/"coaching"/"hand holding" personnel will be doing nothing more than reading from the same hand book they supply you with and in most instances these hand holding sessions can be quite expensiveright up front to the tune of thousands of dollars.

Our course provides you with all the information, much of it proprietary from our publisher, that you will need to follow in order to start and succeed in your own import or export business. Do we guarantee you will succeed - absolutely NOT!

I did not start this business to sell information products or training, I started it because in the late 80's the Internet was not readily available - yes, AOL was and I was one of their first 100,000 customers. I started it because I spent hundreds of hours visiting the library, visiting with actual importers and exporters, visiting with international bankers, department of commerce personnel, buying various materials that turned out to be such a waste of time and money it was unbelievable.

In getting started I found some very unique and incredibly helpful information and thought I wonder if others would be interested in saving all the time I spent if I would put this information together in the form of a couple of reports. Low and behold, they were.

I found this course in the early 90's (it has been updated about every 2 years since but still includes some very valuable proprietary info like the one video that was co-sponsored by the US Dept. of Commerce - it still is one of the best resources around).

I have been sent books, CD's, access to web sites and more in those subsequent 15 years and in regards to actual training programs, the "only" change I have made is the addition of the China Trading program about 18 months ago. I did so because it is not competitive with the import export training course and is a uniquely different niche within the international trade business.

I do not want to sway you from the direction you are headed to the China trading program, I am just making you aware of what and why I only offer a very narrow, targeted group of materials.
I also have become good friends with the publisher of the import export courses over these years because I know he has integrity. An example of which was with a recent customer. Their course was just shipped to them about 2 weeks ago and one of the ebooks was updated just a few days ago - he emailed them a copy of the new version since they had just purchased the course a few weeks ago.


Additionally, there are a "few" bonus items I send you when you get certain packages through our web site - the publisher has encouraged me to publish these items as an ebook and try to sell them but I decided to keep them special and only give them to people who get either our Importers Master package, Exporters Master Package or the combo of these two, the Import Export Toolkit. I feel anyone purchasing these complete packages are far more serious and I would rather have my information in their hands rather than everyone's.

So the bottom line is this, yes, there are a few good resources on the market and you don't need to 2nd mortgage your home to get started in this business and in most instances you will not be getting answers from someone who is doing what you hope to do as you are getting this correspondence from me.

One of the reasons I am working so late is because I just signed on a new manufacturer today and I am compiling some leads to send them over the weekend.

I guess a lot of what you have to base your decision on is that gut feeling of who do you trust - I have put my life out there on the web site and blog, my information is "easily" verifiable, is theirs?

*****************************************************

Ron Coble
International Trade B2B Help Center

Sunday, April 29, 2007

Import Export Business - Don't Put The Cart Before The Horse

Here in Central Pennsylvania where I live and operate our Import
Export Business and International marketing services, we have
Amish living nearby.

The Amish have a saying "don't put the cart before the horse".
Simply speaking, you ain't goin no where unless you know how
to hook the horse up to the cart correctly.

In the 19 years I have been operating this business, I have
probably spoken to hundreds and exchanged emails with
thousands of people who insist on putting their cart before
their horse when it comes to starting an import or export
business.

They think that they can buy a $12.95 ebook off the net or find
enough free material that will give them "all" they need to know
to get started and make their fortune.

One of the first things I ask someone when they call is what type
of course or book they have read that makes them feel they are
able to start this business. 99 and 9/10th percent of the time
they have done nothing but read how wealthy they can become.

If you think $160.00 for a comprehensive course on how to
start an import business or $316.00 for a comprehensive course
on how to start an export business is too much, let me tell you
a little story about one of the recent "cart before the horse" tales.

The following story is true related to you so that you understand
that it can become very, very expensive for you if you do not
invest in the right educational materials for starting an import
export business.

A gentleman called asking if we could help him expedite the
process of getting his food products from Vietnam approved
by the FDA. He went on to tell me that he had imported
5 container loads of food products from Vietnam. However,
he had put his cart before his horse.

He did not have all of the approvals necessary from the FDA
and could not distribute the food. Now here is the KICKER my
gllobal trade friends, he reltated how his storage costs at the
dock had already exceeded the value of the food. Whoa. Did
you get that. HIS STORAGE COSTS AT THE DOCK HAD
ALREADY EXCEEDED HIS COST OF THE FOOD! OUCH!!

Guess how wealthy he is going to be, no wait, guess how
much of a loss he is going to personally incur?

Let me ask you something? Did you ever wonder where all
these closeout stores and liquidation stores are able to get
much of their merchandise at sometimes a nickel or dime on
the dollar?

If you guessed wannabe importers who put their cart before
their horse, you get an A+. They were either too cheap OR too
arrogant to pay for a course to learn the processes of the
import export business and guess what, they are now going
to pay much more in the form of a "real life" learning experience.

You will either pay a little now for a comprehensive course on
importing and exporting, or you will pay a heck of a lot more
later in "real life" payments.

Either invest in YOUR FUTURE by getting the import or export
(or both) course appropriate to the business you are SERIOUS
about starting. YOU NEED TO LEARN THE PROCESSES
or quit kidding yourself about starting an import export
business and move on to something else.

Putting his horse before his cart for 19 years now,

Ron Coble
Coble International Marketing Services
http://www.importexporthelp.com

PS: Just a little point of personal interest, in May 1984, my
then 10 year old daughter, wife and I went on an adventure thru
Lancaster county (PA). We got to see the farm where the
movie Witness was being filmed, the courthouse where the
underground garage was used to film the scene where
Harrison Ford was shot

Best of all (especially for our daughter), we got to meet
Harrison Ford. He came out of the underground garage
where they were filming the scene in which is shot and went to
his trailer for make up and a break. When he came out he
gave our daughter his autograph.

We also got to see Danny Glover that day and a little known
(at the time) actress named Kelly McGillis was practicing a
dance routine for a broadway production she was starring in.
She did the dance routine just a few feet from where we were
sitting waiting for Harrison to come out, never realizing that
she was a big star in the making. Just a little personal note
from a beautiful day in May 1984 - one my now 30+ year
old daughter (and my wife and I) will never forget.