International Trade

» qingpetras - Import Export Is A Small Business But A Big Picture In Your Life

Import and Export Business Is A Small Business But A Big Picture In Your Life!
What Is An Import and Export business? It is an action of buying and selling beyond the border of your home country.
To be an importer, you build markets in your home country for suppliers overseas. Importing is a matter of having your U.S. products made cheaper overseas and selling them for a profit in the United States. Your role in your country is to bring innovative products to the market.
In an Import and Export business, exporter is an opposite image to importer. Importers find their customers at home, whereas exporters find their customers overseas. The main role of exporters is to investigate their overseas market where the exporting products must be right in demand of target country. They should use their specialized knowledge and experience to gain the trust from their buyers for exchanging back of long term marketing occupation there.
Normally speaking, exporter will face more difficult than importers. In importing, the customers are native citizen's who speak your own language and live with you in the same roof of cultures. Whereas in exporting, your customers, your market and the country's nature are totally different. To build a market there, in building your Import and Export Business overseas, you are not merely conducting a short term contract, you have to persist in communicating your buyers to get information from consumer's feedback, researching the market, and developing the products line for a long run of your Import and Export business.
What Is Benefit of An Import and Export business?
A Big Picture Is:
Import and Export Business is one of most growing industry. There are 350,000 importers in the United States bringing in some $656 billion worth of goods each year. The top 1,000 of those importers account for 61% of the total import value-some $400 billion, or an average of $400 million each. That leaves the remaining $256 billion in imports spread among 349,000 importers, or a rough average of $734,000 each in importation value. Assuming normal profit margins we can assume the "average" importer has sales of $1-2 million dollars per year, but keep in mind start-up companies are part of the set making up the average. As you can see, although relatively few huge corporations handle nearly two-thirds of all imports, for almost all importers, importing is a small business. ( according to John Wiiley Spiers who has been developing trade worldwide since 1974 and published the book How Small Business Trades Worldwide
You have opportunity to find cheaper sources overseas and build the market in U.S. Let's assume an item costs $2.50 each in China. Plus shipping, banking, custom fees say $.50 each, the item costs $3.00 totally and transported from overseas to your warehouse ready to go to retailers in U.S. If your wholesales or independent sales representatives purchase from you at $5.00, you gain $2.00 profit. If you directly sell to your ultimate consumers at $10.00, your profit is $7.00. How much profit depends on what channels of distribution you sell to, and what price of sourcing you can get. By far china is most likely the lowest labor country and nearly best manufacturers to get source from.
Your significant role pleased both suppliers overseas and buyers in your country. The most enjoyable part in this Import and Export business is: On one hand, you act as an importer, you place orders to your suppliers overseas, they are indeed need these orders, especially in China, these orders are a great help for thousands of people's employment. On the other hand, you act as a seller, you bring your product into the market where people in need of those goods as well. You are right in the middle of both side - in between foreign suppliers and your homeland people - those wholesales, independent sales representatives, or retailers or consumers, in your own country. Your significant role pleased both side, and you yourself, too.
Multiple culture and business relationship will bring you more value than you expected in an Import and Export business. One of my customers in New York signed a contract with me way back in 1988 when we first met in World Trade Center.( It was collapsed on Sep 11,2001) He imported microscopes from my company which was a government business and I was pointed as an CEO and in full charge of the company's Import and Export business. I still thank myself to make the very smart decision. The negotiation was hard because the payment term was risky and I was not supposed to sign that contract at that period in China. I'll tell you the story later. This buyer kept placing incessant orders from our corporation for 15 years based on the mutual understanding and mutual benefits. Between two parties there is not merely a business partner but a long term relationship for over 18 years by now. This is the beauty of the business, it brings me more value that not money can count.
Become self-employed and start an Import and Export as your own. To make your dream career happen. This is an opportunity. 80% of the millionaires in America became rich in their own career, and 2/3 of them are self-employed. It seems the most common career move in becoming rich is to become self-employed. If you have your passion on it, this Import and Export business will be your dream career and it would become a part of your life.

For more detail about this article,please visit: http://www.for-your-dream-career.com/Imp...

-- posted by qingpetras

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» Daniel Workman - Import Export Is A Small Business But A Big Picture In Your Life

In response to Import Export Is A Small Business But A Big Picture In Your Life posted by qingpetras:

Now you know why I'm a freelance International Trade writer. Cheers!

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» qingpetras - Import from China

China has become the world's third-largest exporter and third-largest importer, an economic power importing raw materials and scrap from all the world's regions, drawing vast amounts of foreign investment and changing the economic landscape around the world, especially in Asia
While U.S.Exports to China Rise, Imports from China Rise Faster. China imports U.S.machine parts, components for assembly and re-export. Considering total trade of goods (exports and imports), China became the United States's third-largest trading partner in 2004 at $231.4 billion, behind only Canade and Mexico and well ahead of the fourth-largest partner, Japan, according to the U.S. Department of Commerce.
In terms of U.S. goods imports in 2004, China was second, at $196.7 billion, accounting for 13.4 percent of all U.S.imports. In terms of U.S. goods exports, China was fifth, at $34.7 billion, behind only Canada, Mexico, Japan and the United Kindom and ahead of Germany. The statistic that gets the most attention, of course, is the bilateral trade deficit with China -- $162.0 billion in 2004, including a small U.S. surplus in services trade -- more than twice the second - highest $75.2 billion deficit with Japan. (According to USINFO.STATE.GOV,By Bruce Odessey,Washingto File Staff Writer)
To get a sense of how completely China dominates low-cost manufacturing, Import from China, consider Wal-Mart. Wal-Mart is America's-and the world's-largest corporation. Its revenues are eight times those of Microsoft, and make up 2 percent of America's GDP. It employs 1.4 million people, more than GM, Ford, GEand IBM put together. In 2004, Wal-Mart imported $18 billion worth of goods from China. Of Wal-Mart's 6,000 suppliers, 5,000 - 80 percent are in one country - Import from China.(according to NEWS WEEK Special Report By Fareed Zakaria)
Do you know which state that make major import and export value in China?
Guangdong Province - Well known as a "capitalist state" of the nation, is the top import and export state in China. By September 2006, the import and export was 162.6 and 213.29 billion US dollars respectively, the total import and export value was 375.89 billion US dollars. The import and export value is the highest among all provinces, and of one third of the nation, according to Guangdong Government Offical Report on October 25, 2006.
From the most recently report at The 100th Session of Canton Fair in Guangzhou China in 2006, the export contract confirmation value was 8.85 billion U.S.dollars signed by Guangdong Province, 4.85 billion U.S.dollars signed by Zhejiang Province and 3.36 billion U.S.dollars signed by Jiangsu Provice during October 15th to 31st, 2006 at Canton Fair. The total export confirmation value of three provinces are 17 billion which is 51% of the whole nation of China. Guangdong has ranked No.1 import and export state for over two decades since china began its market reforms.
A report from GlobalInsight, the world's leading company for economic and financial analysis and forecasting, saying, In 2005, the Shanghai-Jiangsu mege-province's GDP was $335 billion, making it the sixth largest in Asia and 22nd largest in the world. Guangdong's 2005 GDP was $265 billion and the Beijing-Tianjin-Hebei mage-regional GDP was $251 billion, ranking them the 7th and 8th largest Asian economies, respectively. All three regions are along the coast of Chna or, in the case of Guangdong, bording Hong Kong. It continually say, The undisputed champion in economic openness, however, is Guangdong province. Because of its proximity to Hong Kong, Guangdong has been able to attract vast of export-oriented investment from Hong Kong since the outset of China's market reform. Merchandise trade accounts for about twice Guangdong's annual GDP, with nearly 17% of FDI into China in 2004 going to Guangdong.
Import from China, and get connected with potencial China manufacturer and China supplier
Chinese Export Commodities Fair or CECF The best way to be connected with if choosing Import from China. CECF, also called Canton Fair, is held twice a year in Spring and Autumn in Guangzhou China(capital of Guangdong) since it was inaugurated in the Spring of 1957. The majoy feature of CECF is:
· 50 trading delegations, being composed of thousands of China's best foreign trade corporations(enterprises)with good credibility and sound financial capabilities.
· 576,000 Square Meters Gross Exhibition Space.
· More than 150,000 varieties
· 34.6 billion US dolloas export contract confirmation value signed in 100th Session within October 15th to 30th, 2006
· 13,686 exhibitors including manufacturers, enterprises, import export agents in China
· 192,691 buyers from 212 countries attended 100th Session on October 2006 in Guangzhou China
China Manufacturers and Global Sources - Another major method to find China manufacturer and China Supplier when choosing Import from China. Global Sources is a 35 years B2B online media company. From there you will discover thousands of top quality products choices and hundreds of suppliers with strong commitments to exporting in every industry-specific Global Sources magazine.
· Search from 147,759 quality Suppliers and Exporters
· Explore 3,705 product categories from 154 countries
· Find 234,844 Products profiles
· 12 sourcing magazines Auto Parts & Accessories, Electronics, Hardware & DIY to Baby & Children's Products. In each issue you will find updates on product profiles and manufacturers from China, Asia and the world
China Manufacturers and Global Sources is distinguish with most B2B trade lead company such as www.Made-in-China.com, www.Alibaba.com where everyone can post their items to sell or buy even without any product in hand. If you are seriously considering your own import export business, do not go to low fee or free membership B2B trade leads companies, you'll waste your time. Global Sources / China Sources is expensive for marketing or promoting products. I don't know how much it costs now, way back to early 1990's, my company paid $3,000 fee for 90 days advertising. Those suppliers and exporters selecting pay high fee as they are seriously thinking about their business. Import from China ? Go to China.Manufacturers.Global Sources to find your reliable and trustworthy sellers there.
Let's assume you intend to Import from China and seeking suppliers at Global Sources. At Home Page on your left side column bar, find Search at left hand, click it, you will be in Products / Supplier / Country page, select the categories, then select Suppliers right beside Categories box, and enter keywords "Guangdong or Guangzhou " in the keyword box at right side of Supplier box. After the above has done, a supplier list all from Guangdong or Guangzhou that show you more detail information of the company's profiles. This is how you find your China supplier and China manufacturer when Import from China.
For further detail information on this article,please visit:http://www.for-your-dream-career.com/Imp...

-- posted by qingpetras

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» qingpetras - How To Verfy China Suppliers

How to verify a trustworthiness China Suppliers? I had been asked this question for many times. The following factors that anyone who dealing with overseas business should know about.

First: Get To Know Where To Find Reliable China Suppliers When
Started

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 doing well in China. This is the Number One way for paying less on your learning curve when started and getting less risk taken.

2. Go to internet and browse www.globalsources.com If you do not have any such relationship or connections in China. It's headquarter is based in Hong Kong and it has 44 branch offices located in mainland China, Taiwan, and Singapore. It has been running import export media business for over 36 years. You can start researching there, it would consume you a lot of time, but it's relatively safe and less risky because the suppliers must pay expensive fee to be a Global Sources member. Another words, suppliers select to pay high fee because they are seriously about their business.

3. Go to www.alibaba.com and www.made-in-china.com If you are not a volume importer. These B2B trade leading websites are getting better and better on their online services. Search the products being offered and send them emails, ask them anything you want to know, such process would let you get an idea of who you can trust. Keep in mind, this web site based on free membership, everyone can post their items to sell or buy even without any products in their hands so the percentage of fraudsters are higher.

Secondly: How to verify a reliable China supplier

1. Through correspondences and phone call to verify
Contact your supplier through correspondences or emails, or call them directly if you can speak Chinese. If not, it doesn't matter, most of the suppliers have their staffs to deal with the language problem.
Let's say, you want them to offer you a price for ( xyz - your product) on a 20 feet's container at FOB South China, a reliable supplier would ask you more detail about xyz's product before offering the price including xyz's description, specification, packing condition, payment method, delivery time, etc. Because all these factors would affect the price, the price offering is the most serious process and also the final transaction process. Go through this procedure you can feel and touch the suppliers and know how good and trusty they are. If the seller promise whatever you want, or the price they offered is too low to average, this is most likely fraudsters. Just ignore and go to next.

2. Face to face meet with your suppliers and establish personal relationships with them
After you find some worthy to keep suppliers, you can invest a few thousands to make a trip to China, visit China Suppliers factories, face to face discussing further detail about your products including price, payment term, quality inspection, delivery time etc.
People go to website, hoping to get a good guy and wishing to conclude a business there. Unfortunately many of them were lose money, lose time, this is a big risk taken. You are not shopping near your home, Keep in mind, no matter where you are, and what size of product you buy, what volume you import, Meeting your suppliers, Face to Face talk with them, this is the only effective way you can verify your China Suppliers.

3. Meet China Suppliers at Trade Show
GlobalSourcesTradeShowCenter will show you China Sourcing Fairs based at one year's schedule and you can find specific types of products you are interested in.
Usually the trade show would take 3 to 7 days from beginning to the end. But to the exhibitioners, preparing a trade show would take at least two weeks, some of companies would take a month to get things done, it all depends on how many products on display at their specific trade show. At most percentage, these manufacturers or agents are reliable and seriously to their business, you won't go wrong if you find your overseas partners there. Once you've found the supplier or product you like, you can start to plan a trip to China and go further.

For further information,please visit http://www.for-your-dream-career.com/Chi...

-- posted by qingpetras

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» arsal - How To Verfy China Suppliers

In response to How To Verfy China Suppliers posted by qingpetras:

You can find verified suppliers from different industries on www.tradekey.com. Ranked as third biggest b2b portal on the internet.

-- posted by arsal

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