1. Articles in category: Importing For Profit

    1-24 of 361 1 2 3 4 ... 13 14 15 »
    1. Beginner's Guide to Shipping Via Sea Freight

      Beginner's Guide to Shipping Via Sea Freight

      Came across this fascinating piece from BCR Australia and it really piqued our interest. It’s titled How to Import Sea Freight to Australia Like a Pro.

      It shares some intriguing points. Here’s one of them:

      The documentation generally consists of the commercial invoice, the packing list, quarantine packing declaration and the Bill of Lading. Depending on Customs / Quarantine regulations for the particular commodity you would like to ship, e. g. used machinery, additional documents may be required. Your international freight forwarder will be able to advise you on that.

      If you want more information, give the full article ...

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    2. Source Products Without Alibaba With These Simple Steps

      Source Products Without Alibaba With These Simple Steps

      Here's a compelling article from the eComCrew. It's called Where to Find Suppliers Outside of Alibaba.

      In it, Dave Bryant shares some interesting tips on skipping Alibaba when looking for a supplier. Here’s one that’s particularly thought-provoking:

      The biggest advantage to trade shows is that you can find Golden Suppliers–suppliers not advertising on Alibaba. The easiest way to find these suppliers is by visiting trade shows. When you visit trade shows you also get the added benefit that you can immediately build a relationship, rapport, and trust with suppliers. Many suppliers who you meet at ...

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    3. How to Make Sure You Don't Get Scammed Importing with Alibaba

      How to Make Sure You Don't Get Scammed Importing with Alibaba

      Here's a compelling article from the blog, My Wife Quit Her Job. It's called 10 Tips On Importing Alibaba Wholesale Products from China.

      In it, (author) shares some perceptive observations. Here’s one that’s particularly thought-provoking:

      By default, Alibaba will display every single supplier in its database that sells the product you want to source. But many of these listings will be middlemen or individuals trying to make a quick buck and not real companies.

      As a result, the first action you should take is to filter out only verified suppliers (Gold suppliers) and vendors that support ...

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    4. First Hand Experience at Dominating the Importing Scene

      First Hand Experience at Dominating the Importing Scene

      Here's a fascinating article from the Startup Bros. It's called How You Can Make Big Money Importing from China - The Rise and Fall of My Empire. 

      In it, Will Mitchell shares some insightful perspectivesHere’s one that’s particularly thought-provoking: 

      You really want to find a supplier that will do cheap samples, offers PayPal payments (even at an increased rate, use PayPal), and seems to respond to your communications quickly and effectively.

      Have a look at the full article for more of Will's insights here. 

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    5. Reasons for Getting Involved with a Sourcing Agent?

      Reasons for Getting Involved with a Sourcing Agent?

      Here's a fascinating article from the Penlight. It's called Why You Need a Sourcing Agent.

      It has insightful perspectives to glean upon. Here’s one that’s particularly thought-provoking:

      If you do not have the plan to set up sourcing office to manage the operation in China, then a sourcing agent can be your local representation and work closely with your company to research, find, negotiate and manage suppliers in China. They can also assist with market research, quality control, pre-shipment inspection, customs clearance, and supplier network development.

      Have a look at the full article for more of ...

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    6. Things You Need to Know About Grey Market Car Imports

      Things You Need to Know About Grey Market Car Imports

      Stumbled upon this noteworthy piece from The Driven and thought that we would share it. It's called The Pros and Cons of Buying "Grey Imports" such as 30 kWh Nissan Leaf from Japan by Bryce Gatton.

      He shares some interesting perspectives here. This one was particularly thought-provoking:

      Grey imports also have region coded navigation systems that generally cannot be updated with a simple chip change, so you will be stuck with a car that constantly shows you travelling around Tokyo, London, or whatever country the vehicle originated from. It may also have issues with radio frequencies that may/may ...

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    7. Crackdown on Counterfeits in China

      Crackdown on Counterfeits in China

      Thought we'd share this fascinating piece on how counterfeits of Aussie brands are starting to appear in the Chinese market. It's called Chinese Police Seize Fake Aussie Goods.

      It shares an interesting story. Here’s one that we thought was genuinely noteworthy:

      Food fraud is a significant global challenge, particularly with the growing complexity of supply chains. In response, we have created a coordinated, world-leading and robust framework that involves stakeholders from across the supply chain to improve visibility and enhance the confidence of both end consumers and merchants.

      To find out more about these ideas, look into ...

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    8. Some Great Tips to Building a Home-Based Business

      Some Great Tips to Building a Home-Based Business

      If you're building your home-based importing business, here's a fascinating article from Small Business that we think you'd like. It's called How to Start a Home-Based Business.

      In this 2018 blog post, Susan Ward shares some insightful perspectives. Here’s one that’s particularly thought-provoking:

      Once you've chosen a home-based business idea you're passionate about, write a business plan. The research and thinking that you do as you work through the business plan will do more than anything else to ensure that the business you start succeeds.

      And if your business plan shows you ...

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    9. Shopify is Set to Join The Ranks of Amazon and Other Big Online Retail Companies With This Move

      Shopify is Set to Join The Ranks of Amazon and Other Big Online Retail Companies With This Move

      Thought we’d share this fascinating article from Tamebay. It’s called Shopify to Step Up Fulfillment with Acquisition of Warehouse Automation Playet.

      It shares some interesting news. Here’s one point that's particularly noteworthy:

      With the acquisition of 6 River Systems, Shopify will add a team with decades of experience in fulfilment software and robotics, including experienced leaders from Kiva Systems, now Amazon Robotics. Adding 6 River Systems’ cloud-based software and collaborative mobile robots called “Chuck” to the Shopify Fulfillment Network will increase the speed and reliability of warehouse operations, by empowering on-site associates with daily tasks, including ...

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    10. Taking Advantage of a Niche Market

      Taking Advantage of a Niche Market

      Thought we'd share this insightful forum from SaleHoo. It's called Word of the week: Niche Markets.

      It makes some really fascinating points. This one, in particular, is really thought-provoking:

      If you plan to sell School Supplies. You can explore its niches like selling mainly school supplies for Engineering students or Fine Arts students. Or you may also find other niches like catering to grade school pupils therefore, supplying cartoon character designed school supplies. 

      Take a look at the rest of this write-up to learn more about how you can leverage niche markets for your importing business.

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    11. Subtle Cultural Cues You Should Know if You're Dealing With Chinese Suppliers

      Subtle Cultural Cues You Should Know if You're Dealing With Chinese Suppliers

      Cultural I.Q. is an important aspect of a business. This is especially true if you're dealing with a potential long-term client or supplier.

      Fortunately, we came upon this a fascinating piece. It deals exactly with cultural subtleties that you may encounter when dealing with Chinese suppliers for your importing business. Here's one example of a big cultural no-no:

      The pinky finger can cause offence in China. You shouldn’t point with your pinky finger because it’s like giving someone the thumbs down here. 

      If you need to gesture to an object or person, it’s safest ...

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    12. Tips on Finding and Engaging a Chinese Manufacturer for Your Business

      Tips on Finding and Engaging a Chinese Manufacturer for Your Business

      Thought we would share this fascinating piece from Forbes. It's called How to Find Chinese Manufacturers If You Don't Know Anyone in China.

      It has some interesting ideas to share. Here's one that we definitely thought was noteworthy:

      I cannot recommend enough that as part of the selection process, you make a point of flying to China and touring the factories that will be used to manufacture your products.

      Take a look at the rest of the article for more details...

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    13. How to Get Your Amazon Account Back if You're Suspended

      How to Get Your Amazon Account Back if You're Suspended

      It can be real bugger if you've worked to get your Amazon account up and running only to get suspended later on. Luckily, we came across this fascinating piece from The Online Selling Experiment that really piqued our interest. It’s titled Amazon Account Suspended? Here's the Right Way to Appeal and Get It Back.

      It shares heaps of interesting points. Here's one of them:

      You should have a good idea of the root cause after doing your research. Your goal is to concisely state what the original issue was to show you understand the problem.

      This ...

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    14. GST Reporting Errors You May Already Be Committing

      GST Reporting Errors You May Already Be Committing

      Thought we’d share this fascinating article from the My Business Australia. It’s titled Importers/Exporters Making Common GST Mistakes.

      It offers some thought-provoking perspectives. Here’s one that we thought was interesting:

      There are certain purchases for non-resident businesses for which they are not entitled to claim GST credits, even when they are registered for GST in Australia, the ATO said.

      “Under the GST law, you cannot claim a GST credit for expenses that are non-deductible for income tax purposes,” it warned.

      This includes claims for entertainment expenses — including entertainment provided to employees — as well as purchases that ...

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    15. Tips for Starting Up Your Wholesale Business

      Tips for Starting Up Your Wholesale Business

      Here's a fascinating article from the Full Time FBA. It's called How to Find Profitable Wholesale Accounts for Amazon FBA.

      In it, Stephen Smotherman shares some stimulating perspectives. Here’s one that’s particularly noteworthy:

      One strategy you can use to get an edge on your competition is to think of products that are made locally to your town or area. What is your area known for? Food products can be especially profitable, if there’s a local favorite that can’t be found in other parts of the country. Find these types of products on your local ...

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    16. What Can Data Scientists Do for Your Business?

      What Can Data Scientists Do for Your Business?

      Big data is creating a buzz in various industries right now. How can we make the most of it in ours?

      Here's an article from Fiverr about data science that might just help us with that endeavor. It's called What is a Freelance Data Scientist and How Will They Benefit My Business?

      In it, Niccolo Grossi gives us some fascinating points. Here's a thought-provoking one:

      Data science algorithms use large amounts of data to predict the future or better describe the present. This is immensely useful in a business context, especially when these models are self-learning ones ...

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    17. What You Should Know Before You Even Start Your Import/Export Business

      What You Should Know Before You Even Start Your Import/Export Business

      We found this article from Finder and thought that we would share it. It's called 7 Tips for Australian Import/Export Businesses.

      It has a great list of things to learn before you even start your import/export business. Here they all are:

      1. Licensing and legal requirements
      2. Learn the logistics
      3. Making overseas payments
      4. Calculate costs
      5. Lock in exchange rates
      6. Open multi-currency accounts
      7. Get expert help and advice

      Take a look at the rest of the article to learn about each of them in-depth...

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    18. Things to Accomplish Before the Peak Season Arrives

      Things to Accomplish Before the Peak Season Arrives

      Peak season is fast approaching. Are you ready for it?

      Here's an interesting article from Tamebay to help us prepare. It's called 9 Peak Season Pitfalls - And How to Avoid Them.

      It shares a fascinating list of things to straighten out before the busiest season of the year starts. Here's the list:

      1. Don't forget to forecast.
      2. Order your inventory now.
      3. Get ready for Brexit.
      4. Stock up on basics.
      5. Know your shopping days.
      6. Don’t let quality slip.
      7. Set your customer expectations.
      8. Automate your Christmas Day.
      9. Plan for January returns.

      To get a clearer picture of how ...

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    19. Etsy Acquires Vintage Musical Instruments Market

      Etsy Acquires Vintage Musical Instruments Market

      Came across this fascinating piece from eCommerce Bytes and it really piqued our interest. It’s titled Etsy Now the Proud Owner of a Second Marketplace: Reverb.

      It shares some intriguing points. Here’s one of them:

      We see a Cloud in Reverb’s future: Etsy moved its own marketplace onto Google Cloud, which allows it to take advantage of Google’s machine learning and analytics, allowing it to launch new experiments particularly within search and discovery. Etsy can now leverage that learning and hope to reap similar rewards.

      If you want more, give the full article a quick read ...

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    20. 5 Myths Prevalent in the Wholesale Sourcing Business

      5 Myths Prevalent in the Wholesale Sourcing Business

      Here's a fascinating article from the Fulltime FBA. It's called Top 5 Wholesale Sourcing Myths for Amazon FBA Seller.

      It shares some insights. Here's a list of all 5:

      1. I need a warehouse before I can do wholesale sourcing.
      2. I need a lot of capital (money) to get into wholesale sourcing.
      3. Wholesale companies won’t sell to me because I’m an Amazon reseller.
      4. Wholesalers always sell at the lowest prices.
      5. It’s hard (impossible?) to find profitable wholesale items.

      Take a look at the rest of this article for a more in-depth look into each one ...

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    21. 300% Increase Vs. Initial Estimates in GST Collected from Australian Imports

      300% Increase Vs. Initial Estimates in GST Collected from Australian Imports

      Australians are hungry for imported goods and that's despite the Australian government imposing GST on items below $1,000. Here's an insightful article on Tamebay about this. It's called Australian Marketplace Imports Tax 300% Bigger Than Expected.

      It shares some really intriguing numbers. Here's one that we thought was insightful:

      Partly the massive tax deluge has come from compliance – eBay, for instance, are automatically adding on GST and collecting it on all marketplace imports to Australia and this must have raised the expected 70% to 75% of sellers dodging the tax. It was only expected that ...

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    22. Direct Marketing Techniques You Can Use Right Now for Your Brand

      Direct Marketing Techniques You Can Use Right Now for Your Brand

      Thought we’d share this fascinating article from the Volusion. It’s titled 7 Examples of Direct Marketing for Ecommerce.

      It offers some thought-provoking perspectives. Here’s one that we thought was interesting:

      In a world dominated by chatbots, emails and text messages, it’s easy to forget about the power of face-to-face selling. In-person selling, however, sets you apart from your competitors and helps you establish a well-known, likable brand.

       To find out more, take a look at the rest of this write-up.

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    23. Chinese Companies Feel the Heat in the Escalating Trade War with US

      Chinese Companies Feel the Heat in the Escalating Trade War with US

      This article from Bloomberg raised burning questions in hour head. The author calls it Walmart’s Supplier Says Chinese Factories in ‘Desperate’ State.

      It offers up some interesting nuggets of wisdom. This one was particularly thought-provoking:

      China will see more factory shutdowns as the trade war that’s roiled the global supply chain exacerbates an exodus, said Spencer Fung, chief executive officer of Li & Fung Ltd. The company, which designs, sources and transports consumer goods from Asia for some of the world’s biggest retailers including Walmart and Nike, is being pushed by American clients to shift production out of ...

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    24. 14 Importing Experts on What Not To Do When Importing from China

      14 Importing Experts on What Not To Do When Importing from China

      China is fast becoming a source of importation products for many businesses around the world. But there is a stigma attached to anything with the label "made in China" partly because of the mistakes importers make when buying goods from there.

      Jing Sourcing talked to 14 experts in trade, finance, and logistics on the common mistakes businesses make when dealing with Chinese products. Here's one I think we all better keep in mind:

      The biggest mistake that I see new e-commerce entrepreneurs make is negotiating heavily on price without taking into account the potential loss of quality. Whenever you ...

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