What's new

Search results

  1. Walter Hay

    Self-Promotion: Post Your Offer, YT Channel, Services, etc. (2022)

    MARKETPLACE 
    I am reviving my MARKETPLACE Walter Hay’s Sourcing Service because again recently I have been approached by members wanting my help on small sourcing assignments. I think this is due to the C0VlD effect and some are looking for ways to expand their product offering. Any who need help, please...
  2. Walter Hay

    Has Learning a Second Language Helped your Business?

    OFF-TOPIC 
    I studied my native English at High School where as elective subjects I chose to learn French and German as well. In addition I picked up a few words of Mandarin in my frequent visits to China. Unfortunately those few words were of little help in negotiations, but they did at least impress my...
  3. Walter Hay

    China is going to be a competitor in the global mfging chain again?

    OFF-TOPIC 
    The presenter in another place identifies himself as a "China Evangelist", but he is more than that. He is a salesman for a Belgian company pushing their ideas on AI revolutionising world commerce. Some of the ideas being promoted are not new, and resemble a form of dropshipping. If adopted...
  4. Walter Hay

    China is going to be a competitor in the global mfging chain again?

    OFF-TOPIC 
    FREIGHT: It's the old story that when shipping volumes increase, the buying power for freight has an impact on the price paid to transport the goods. BUT... there are other factors that can spoil that. Who controls the supply of empty containers? Who owns the hungriest shipping lines? Who can...
  5. Walter Hay

    China is going to be a competitor in the global mfging chain again?

    OFF-TOPIC 
    When I was operating my B2B importing business every shipment came by air courier or post because the products were bespoke and deadlines were tight. The result was that freight cost was close to equal to the value of the goods. I and my franchisees maintained a profit of 60% of selling price...
  6. Walter Hay

    B2B Marketing Service w/Money Back Guarantee?

    MARKETING 
    CommissionCrowd is a UK company and an almost identical, but longer established one in the UK is AgentBase. The fees charged by both are outrageous. I tried AgentBase when setting up my UK franchise network. They were useless, and I found commission reps there in the same way as I had found...
  7. Walter Hay

    Influence: The Pyschology of Persuasion by Robert Cialdini

    HOT! 
    In my Labels That Exploit book I include the story of a perfume being launched during the Great Depression. It was priced at an insanely high amount and it sold very fast to wealthy women who wanted to display it in their bathrooms so that their dinner guests would see it on their visits to the...
  8. Walter Hay

    Chinese Amazon Sellers Learning CENTS the Hard Way

    MINDSET 
    50,000 CHINESE SELLERS' ACCOUNTS CLOSED. In May, Amazon at last acted to deal with the fake and paid for reviews that have been the normal behavior for huge numbers of Chinese sellers. The reasons given in a public announcement by Amazon include "improper use of review functions", "soliciting...
  9. Walter Hay

    China is going to be a competitor in the global mfging chain again?

    OFF-TOPIC 
    Thanks @Lyinx I am not offended. Yes I am old, but I keep up to date. That is particularly the case regarding China trade and all international Shipping issues. I think I owe that to my book readers. When I see something that needs to be brought to light on the forum I do so as soon as...
  10. Walter Hay

    Anti-microbial body wash - good idea?

    IDEA 
    I am not sure about demand, but I can tell you that Triclosan, which is included in the formula for many antibacterial body wash products is a health hazard. See: 5 Things to Know About Triclosan Walter
  11. Walter Hay

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    It's important to view the wider picture. I posted about offshoring starting to be reversed as far back as October 2014. In the interim, many US companies have sold the family jewels (their brand name and logo) to Chinese manufacturers. That is not offshoring it is betrayal of their loyal...
  12. Walter Hay

    China is going to be a competitor in the global mfging chain again?

    OFF-TOPIC 
    I have no doubt that once the problems with shipping are over and freight rates come down again, China's manufacturing sector will boom. For a long time they have been adopting robotics at a rapid rate and that not only increases efficiency and quality due to reduction of faults due to human...
  13. Walter Hay

    How Turning Down Business Can Lead To More Business

    GOLD! HOT! EXECUTION 
    Yes, my boss was still convinced that I had it all wrong even after my prospect had returned and bought the new vehicle. Such people as your supervisors can't see past the script that they or someone else has written, thinking that you are throwing away money if you don't clinch the deal on...
  14. Walter Hay

    Low Volume/High Margin or High Volume/Low Margin?

    MARKETING 
    When the time came to sell my industrial chemical business, one of the first things I did was to search for such businesses for sale so that I could get some idea of what price to ask. The one thing that stood out was that they all had huge turnover, but low profits. Their selling prices were...
  15. Walter Hay

    Sharing my lifetime experience in export/import. Product sourcing specialist.

    GOLD! SOURCING 
    There are always trade exhibitions under way in HK. Look up HKTDC trade exhibtions to see what is worth visiting while you are there. Regards, Walter
  16. Walter Hay

    How Turning Down Business Can Lead To More Business

    GOLD! HOT! EXECUTION 
    I got my start in selling when at the age of 21, and recently married I was the accountant for a new car dealership. The business sold 4 different marques and a small number of used cars. The 3 sleazy professional salesmen were the kind that give salesmen a bad name. I got the owner's...
  17. Walter Hay

    Sharing my lifetime experience in export/import. Product sourcing specialist.

    GOLD! SOURCING 
    IMPORTANT UPDATE. On Aug16, 2021 the USCBP agency stated: "The duty will be assessed on the price paid for the goods (not including the cost of freight and insurance)." That value is the FOB invoice price. This is good news for all US importers because it can allow a worthwhile reduction in...
  18. Walter Hay

    What book are you reading? Right now. Post up!

    NOTABLE! HOT! BOOKS CHAT 
    You will find a lot more information in my AMA thread : GOLD! Sharing my lifetime experience in export/import. Product sourcing specialist. I possibly know China better than Rosemary Coates does. I...
  19. Walter Hay

    How Turning Down Business Can Lead To More Business

    GOLD! HOT! EXECUTION 
    I Love It ! This thread is one of the most refreshing stories that I have read in seven years on the forum. It reminded me of something that was the reverse. After my B2B importing/marketing/franchising business began to thrive I visited a manufacturer in Taipei and his eyes bulged when he...
  20. Walter Hay

    How to learn Branding?

    MARKETING 
    It is possible to evoke emotions simply by the choice of an emotive brand name. A cream sold as "The ultimate age defying cream" has the brand name IMMORTAL. What is being sold? It is as the name signifies, the idea (emotion) that users will always look young. That name is designed to have an...

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Fastlane Resources

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom