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Search results

  1. M

    1 on 1 Phone Call With Jack Edwards UPDATE!!

    OFF-TOPIC 
    If you're still browsing this thread, thinking "should I really spend 75 bucks on a call with that guy?": Do it, it's worth it.
  2. M

    [AMA] Importing & wholesaling for resale on eBay.

    GOLD! SOURCING 
    I'd like to add that, if you're only just starting out, you probably don't have any clue about licences either. Even established companies sometimes have a hard time figuring out which licences are relevant for which product group. Retroactive claims by licence owners could even kill your...
  3. M

    What form of payment do you use w/new importers?

    Depends on the total order value. For samples you can just wire the full amount, but for larger orders L/C or cash against documents is mandatory.
  4. M

    How to: EU buying from the US

    Hi, I'm not exactly sure what you'd like to know in particular. If your supplier is only willing to sell ExW or FOB, just get in touch with a few major forwarding agents, get their quotes and then go for it. I don't really think it is necessary for you to get someone to the US with a visa to...
  5. M

    B2B vs. B2C What's the difference?

    Well, getting a haircut vs management consulting for example. Generally speaking, the reasons for an individual person and an organization to make a purchase are not fundamentally different from each other. I believe the most important aspect is that in an organization, more than one person is...
  6. M

    Shipping from Landing Port to Door

    Exactly. Just get in touch with your forwarding agent and provide them with the respective documents (packing list, proforma invoice). Make sure that you have the original B/L (or copy in case of a telex release) before the shipment arrives and send it to your forwarder to authorize them to...
  7. M

    29 y/o german fastlane student

    INTRO 
    Klar, warum nicht? I believe if you're looking for some quality feedback, your questions should be a bit more detailed though. Find your niche, outline your business model and get started with your own progress thread in this forum. Think of ways on how to make this a fastlane business model.
  8. M

    My Fastlane Idea (It's simple!)

    IDEA 
    Given what you've told us, I'd keep the distribution online and shoot in each channel (marketplaces, own store) but still reach out to some local stores for some extra input. In order to get additional (long-term) traction from the social media gurus, it could be viable to sub-brand and market...
  9. M

    Stock Market time for a crash?

    INVESTING 
    I agree with you on all points, but the point is not that the global property prices drop, but that the Chinese economy still highly depends on these overvaluations as a growth driver (9% of GDP is in construction, about 60% of private wealth is in real estate). Therefore I don't believe the...
  10. M

    My Fastlane Idea (It's simple!)

    IDEA 
    What is your USP and how are you marketing that? What are your current distribution channels apart from your own store? I still think it may be a good idea to visit a shop and talk to them for a while. Find out which challenges they're facing and what their best-sellers are (and why). I...
  11. M

    My Fastlane Idea (It's simple!)

    IDEA 
    I have experience in retail for branded electronics. Now the question is, is that kind of retail markup really something out of the ordinary in your industry? How are you going to handle (read:finance) terms of payment? In general it's probably a good idea to start with the small mom and pop...
  12. M

    My Fastlane Idea (It's simple!)

    IDEA 
    If you think direct online sales in this industry are a headache, I assume you're up for a surprise. Retail is a bitch. Since you have no brand in a very brand-aware industry, you'll probably have to offer something to sweeten the deal for those shops to actually add your product to their...
  13. M

    Stock Market time for a crash?

    INVESTING 
    Hi Oliver, do you mean on the housing bubble or on its consequences? I suppose you could fill books with that, but in a nutshell: - housing bubble Basically two things: 1. Political (growth) interests lead to a state-driven surge in the construction industry, resulting in so called "ghost...
  14. M

    Stock Market time for a crash?

    INVESTING 
    A correction is one thing, but what terrifies me is the housing bubble in China.....
  15. M

    AMA - Ask me anything on sourcing/importing from Asia..

    SOURCING AMA 
    Depends on the wall. If you say you "have an idea", I'd assume you don't have things like the 3D-drawings or specifications set out, right? In this case I'd recommend finding a local partner to specify what you're actually looking for and afterwards get in touch with manufacturers via alibaba.
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