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How To Source And Import From China - Managing RiskImporting products from China is a great way to locate new business opportunities and increase profit growth. While the initial stages can be complicated, the payoff in terms of both immediate profit and long-term success is tremendous. Sourcing products from other countries, however, comes with its share of potential risks. It is recommended that first-time buyers follow certain precautions before embarking on any potential transaction. Locate The Right Product The first step is to locate a suitable product that interests you. Try to obtain as much information as possible about the demand for prospective products in your local market. Make sure that sourcing your chosen product from China is truly a cost-effective proposition. Factors like retail margins, VAT, insurance, taxes and freight and currency differences all affect the final retail price and many first-time bargain hunters end up sourcing a product at a price that is too high
Wholesale Promotional Products TechniqueFor custom needs of promotional products, more and more people are relying on wholesale promos. This allows them to stock up on the products and pay less, therefore they can save more. Each promotional item will bring profit to the entrepreneur - just as long as he knows how to choose them wisely. Custom promotional items are great ways in order for the business to retain their employees. It is also a great solution to motivate their staff and personal, as well as to reach out to their new customers. It also increases the popularity of the brand on the over-all market. A technique some entrepreneurs do when it comes to selling their wholesale promotional products is by putting their logo on the item. In that way, they are plugging their business. For example, you can ask an imprinting company to put your logo on a promotional item you are planning to give away. Let's say that you have 12,000 mugs there. You can take avail of t
Doing Business in Guangzhou China - Things You Should KnowGuangzhou is China's third largest city; it sits in Guangdong province and is only a two hour train journey from Hong Kong. It's also less than an hour away from Shenzhen and thus offers convenient access to most of the manufacturing heart of the mainland. It is officially a "mega city" with a population in excess of 10 million people, making it more populous than quite a few countries and it can take a while to get used to the size and sprawl of the city. Guangzhou is extremely popular for foreign companies looking to get a hold in South China, it's location is extremely useful as a transport hub and it can be more cost effective than opening a base in nearby Shenzhen which is closer to Hong Kong and thus is more expensive for property as it serves as an overflow to the island's Special Economic Zone status. Setting Up a Business As with all cities in China there are only three vehicles for a foreign company looking to open a
Promotional USB Flash Drives - Buyer BewareWhen you think of the promotional USB flash drive industry what words come to mind? Deception, scandal, fraud? I am guessing no. However, for those looking to purchase customized USB drives those words may be closer to your reality than you think. Buyer beware, this is a perilous industry. The majority of USB drives come from China. Virtually no USB Wholesaler carries inventory. This means that they never physically see your product. Therefore, quality control is a serious issue and the possibility of receiving defective flash drives is pretty high. Below are some of the more common mistakes that wholesale USB consumers make and some advice that will help you avert these pitfalls: Penny Saver #1: Saving $100 can cost you $1000's! Do not put your brand in the hands of an untrustworthy USB provider. Problem #1: Buying low quality wholesale USB's can ruin your professional credibility! 90% of USB horror stories start right here.
What Wholesale Suppliers Are Looking For - Convince Wholesale Suppliers You Can Sell Their ProductsIf you are going to meet with wholesale suppliers your purpose is to win their confidence. The initial meetings are similar to job interviews in that you are trying to convince him or her you are the right person for the job, you are the right person to sell their products. Do you prepare for these meetings with wholesale suppliers? If you prepare for job interviews you should also prepare for meetings such as these. The retail industry whether online or in a physical store is in all honesty quite saturated. Many people are trying to break into the industry every day thinking that reselling is an easy way to make money. Wholesale suppliers are easy enough to find thanks to good online wholesale directory listings that have reasonable membership costs as well as free trials or money back guarantees like SaleHoo, Worldwide brands and Doba. The trick lies in convincing the wholesalers to conduct business with you. All the people and companies that