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Knowledge Base Articles

  • Wholesale Business - What Are All the Significant Functions of Wholesalers?

    Wholesalers are the middlemen between the manufacturers and retailers. They mediate between other wholesalers and retailers as well. They buy products from producers and sell them to retailers. In most of the cases they avoid dealing directly with end users. Their functions include negotiating prices with manufacturers, promoting the business, handling the products, processing inventory and data, pricing, budgeting and financing and assisting the clients in marketing. Though the wholesalers can be eliminated, their functions must be taken care of by some other body like producer or the customer or another mediator. Very few manufacturers will have time to concentrate on such marketing activities and they cannot sell piece by piece according to the end user's requirement. Eventually the consumers will not require products in bulk as well. There must be someone to purchase in bulk from the manufacturers and sell them piece by piece to the end use   
  • How Promotional Items Help In New Business

    After giving an impressive presentation to board members or potential clients, just pull out a printed promotional item such as conference folders, bags, or promotional umbrellas and pass them around. Surely your likeability meter will go high. This is the benefit most promotional items possess. Promotional items can actually take your business to new heights and make it a more profit reaping venture. By gifting various promotional items you have a better chance of securing business dealings. Promotional items have got various benefits, which make them a worthwhile consideration. Gifted promotional conference folders will keep your business in the forefront of board members minds. Another advantage of promotional items is that they permit you to advertise or market your business on a large scale with less investment money. Being into business, most businessmen always look for the ways to advertise effectively while keeping costs to a minimum. This can be now easily be done by    
  • How to Buy Wholesale

    There are opportunities to buy almost anything at wholesale prices, whether you want to buy everyday items or specific products for resale. Once you begin your search, you will see that opportunities to find wholesale buys exist almost everywhere. The process to get started is easy and your contact list of wholesalers will grow quickly. Steps 1 Get your necessary tax documents and licenses in order. In most states, you'll need to obtain a tax ID and/or license because the wholesale products you are buying are often not yet taxed. Before you begin looking for the best wholesale deal, try to get the following so you can quit worrying about legal and get serious about making money: Obtain a federal employee ID number from the IRS. The application form is available online at the irs.gov website. You are eligible to get this permit as a sole proprietor of a business. Get a federal and state tax ID numbe   
  • What You Should Know When Looking For Wholesale Tool Distributors From China

    Importing from wholesale tool distributors in China promises cheap buys and higher profit margin but is not without pitfalls. There are a few things sellers need to be aware when working with suppliers from China in order to establish lasting business relationship and trust. Payment The first thing sellers need to know is that most Chinese wholesale tool distributors only accept Western union and wired transfer as mode of payment. It is unsecured and hardly traceable. In the event of a dispute, most of the time, buyer will end up at the losing end. So why do these suppliers use Western union and wired transfer? This is because for majority of retailers in China, these are the only mode of payment they can use as it is not easy and straight forward to obtain credit cards in the country. Hence, majority of suppliers only accept these modes of payment. What can retailers from other countries do? Well, you can minimize th   
  • How to Verify Reliable China Suppliers?

    How to verify reliable China Suppliers? I had been asked this question for many times. This article tells you all about How To Verify China Suppliers when starting an import export business with China. Things You'll Need     You need distributing connection and know where to sell in your country before importing procedure.     Initial info of price margin between China and your local market. Instructions         1 Introductions, Referrals and Word-of-Mouth Recommendations.             People are doing business with those they know, specially for their international business. Same as you are seeking a job in job marketing, referral and network is the most successful way people get hired. You need to research as much as you can, find out anyone you know and ask them if they have reliable connections in China and doin