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"eBay Powerseller and Website Success Guide "
How To Import Goods
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Products can be imported into your domestic
market worldwide, provided that the products
are allowed to be imported in the first
instance. More and more eBay sellers
are discovering how to import products from
China and other Asian countries, Mexican
products have become big sellers in every
country of the world.
Thanks to their low cost, quality and
uniqueness, most overseas products can be
resold for high profits. Some profit
margins can in some cases exceed 100%
mark-up if the products are purchased from
the right suppliers. One great site which
vets companies and their products can be
found by clicking the banner below, you will
also find great articles regarding importing
and drop shipping wholesale suppliers.
With out a question there is a lot of
money to be made by reselling products
sourced from these developing countries,
however it is essential that you request a
sample of the product before you decide to
purchase a quantity of them.
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When you deal with these companies some
useful questions to ask are:
a. What the minimum order quantity is -
It is better to order smaller quantities
when just starting out because if the
product is a poor seller then you could be
left with a huge amount of stock on your
hands and alot of money tied up in it.
b. What the lead time is for production.
If you are requiring a quantity of items for
Christmas and the production time for your
order is 12 weeks, then the products would
be of little use to you.
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c. Payment - How does the company accept
payment? There are numerous ways of
making payment, for example Moneygram,
Bank Transfer, Cheque, Credit Card or
Paypal. Many developing companies
tend to accept bank transfer or moneygram
only, however it is essential to check
whether your transaction would be covered
if it turned out to be a fraudulent
company.
At the time of writing you are not
covered for fraudulent transactions with
Moneygram , and it is well worth checking
out with your credit card and bank before
making any overseas payments. Paypal
is very good for making overseas payments
as there are stringent checks carried out
on bank accounts which ensures that these
accounts are real and Paypal has a very
good system for resolving disputes on
purchases. Take a look at Paypal,
4. Ask for references. Any
respectable company will be able to
provide references from their bank,
suppliers and customers, if they are
unwilling to provide you with references
there must be a reason. 5. Ask about
quality and product return guarantees - do
they offer guarantees on any product -
particularly if they are electrical
products should they fail to meet the
standard required by the consumer? The
last thing you need is for electrical
goods to be returned in bulk and for you
to have to reimburse your customers, you
could end up losing a substantial amount
of money. These are guidelines to think
about, however it is well worth checking
out the Customs and Excise and Business
Link websites if you require further
information. Money can be made from
importing goods and it can be a very
exciting business to start up in,
however care and prudence need to be
taken. |
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