hello,
i have an export company. one of my customers wants to place a $36,000 order. i am flying to saudi arabia to negotiate with this customer/company.
1. i don't have inventory
2. i don't have a credit line or access to that kind of capital
my supplier requires i pay 50% upfront, 50% before shipment. cost for the goods is 28k. my profit is 8k.
I cannot risk not paying my supplier. therefore i am going to strictly offer a minim of 85% upfront, 15% on delivery. that way i can pay off my supplier in full, to mirage risk on their end, and only risk the profit on my end.
what do you guys think of this?
i have an export company. one of my customers wants to place a $36,000 order. i am flying to saudi arabia to negotiate with this customer/company.
1. i don't have inventory
2. i don't have a credit line or access to that kind of capital
my supplier requires i pay 50% upfront, 50% before shipment. cost for the goods is 28k. my profit is 8k.
I cannot risk not paying my supplier. therefore i am going to strictly offer a minim of 85% upfront, 15% on delivery. that way i can pay off my supplier in full, to mirage risk on their end, and only risk the profit on my end.
what do you guys think of this?
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