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  1. Walter Hay

    Buying a Franchise - How to Make it SUPER Fastlane and Make MEGA Millions.

    FRANCHISORS FAIL and when they do it is not always only the loss of their business and investment that the franchisees suffer. In many cases, the failed franchisors seek to blame their franchisees for failure of the system, and in doing so they sue them! Who would have thought that a franchise...
  2. Walter Hay

    Buying a Franchise - How to Make it SUPER Fastlane and Make MEGA Millions.

    Never think that buying a franchise is a secure investment. Here is a list of franchises, complete with failure rates in which franchisees failed in the past 2 years. You should keep in mind that all of these franchises were bought using SBA loans, so that suggests that these were riskier...
  3. Walter Hay

    Buying a Franchise - How to Make it SUPER Fastlane and Make MEGA Millions.

    See this post: Rapid Scaling a business by franchising in which I gave information about the plight of many Subway owners. It is not only in the USA. Their brand is in tatters all over the world. No matter how many franchises you own you are still at the mercy of the franchisor. If his...
  4. Walter Hay

    Do I need to hire 3rd party quality inspector for Alibaba Trade Assurance??

    You can check them in your country but because that is not done in accordance with the Trade Assurance rules it only gives you reassurance if they are faultless, but no right to claim on the supplier if they are faulty. Trade Assurance rules do not allow for such an inspection after delivery...
  5. Walter Hay

    Do I need to hire 3rd party quality inspector for Alibaba Trade Assurance??

    I have always suspected that Alibaba deliberately make the rules so complicated and extensive that very few people will read them, and even fewer who do read them will understand. The latest rules cover 52 pages. This paragraph from my 2021 book explains why you won't find any clear help on the...
  6. Walter Hay

    Losing the sale

    MARKETING RANT 
    Understanding the effect of emotion in sales is vital to success. In this extract from my book I illustrate an outstanding example in the field of entertainment: In the 19th Century, the early circuses were dominated by trick horse riding, and then came along the most famous circus of all time...
  7. Walter Hay

    Packaging design and suppliers

    Hi Lisa, As you know from reading my LabelsThatExploit book, packaging can be a silent salesman, just as well thought out labeling can be. Don't just explain the features, make those features appeal to the emotional attachment that pet owners have towards their beloved four legged friends...
  8. Walter Hay

    Amazon FBA - Violation of the Commandment of Control

    Anyone selling "hot products" is riding for a fall. You don't have to sell brand name products, you can find products that have not previously been imported into the US. Also, if you sell brand name products you don't have control. If you can find a unique product and have it labelled with...
  9. Walter Hay

    Finding Skilled Labor for Making Hardware Prototypes

    I would contact a small (ish) engineeriing workshop. Don't ignore the possibility that they might even be suitable to manufacture larger quantities for you. Walter
  10. Walter Hay

    Amazon FBA sellers MUST have their own website

    Good move! Many people have been slipping cards into their packages, but including good reasons why customers should want to make contact is certainly a good idea. Walter
  11. Walter Hay

    Amazon FBA sellers MUST have their own website

    Thanks for that. Big Jeff has been tightening the screws for some time, but reports that I have heard tell me that he decided to leave his role as CEO with "decisive action." Maybe slowly slowly turning the screws was frustrating him. Walter
  12. Walter Hay

    Protect Your Brand From Your Overseas Suppliers

    In the thread I posted a few minutes ago: Amazon FBA sellers MUST have their own website I promised to post a thread on the subject of protecting your brand from suppliers. I though the easiest way was to copy a chapter from my book Labels That Exploit because that exlains it in detail...
  13. Walter Hay

    Amazon FBA sellers MUST have their own website

    Readers might have forgotten the importance of the C for Control in CENTS, but although it might be too late for some this thread should serve as a wake up call. Sellers who once could find ways to learn the details of their..... NO....... Big Jeff's customers, have lost their last source of...
  14. Walter Hay

    15th Edition of PROVENGLOBALSOURCING

    SOURCING 
    The link is in the 2021 version that you now have. Walter
  15. Walter Hay

    ALIBABA's $2.8 billion fine.

    It has definitely changed a lot. Part of the change is not apparent to most Westerners, and that is the development of labor laws that have made life a lot easier for the mostly rural peasants who have migrated to the cities to get work. On my earliest visits I saw labor conditions that were...
  16. Walter Hay

    ALIBABA's $2.8 billion fine.

    From its inception Alibaba has been mollycoddled by the Chinese Communist Party. Much of its mind boggling growth rate has been a consequence of that platform being used by one government business to buy from another government business. With such a huge revenue to disclose, it is not...
  17. Walter Hay

    ALIBABA's $2.8 billion fine.

    An article in the Wall Street Journal has provided information about the whopping $2.8 billon dollar fine imposed on Alibaba by Chinese corporate regulators. Here is an extract: "China’s antitrust regulator imposed a fine equivalent to $2.8 billion against Alibaba Group Holding Ltd. for...
  18. Walter Hay

    Let’s grow an ice cream business!

    EXECUTION 
    Although you obviously know what you are doing I like the idea of growing your own knowledge of the process and gaining a lot more hands on experience. This will equip you with the ability to choose what is really best for your business development. Having your eggs in more than one basket is...
  19. Walter Hay

    Let’s grow an ice cream business!

    EXECUTION 
    I have begun to follow your thread again, and think it shows great spirit and perseverance. The one thing that I see as lacking is a carefully constructed plan. In particular you need to decide which type or types of sales venues you should concentrate on. If you are seriously thinking of...
  20. Walter Hay

    15th Edition of PROVENGLOBALSOURCING

    SOURCING 
    It is in the 2021 version that you have received. I added it before my son in law began sending the book to buyers. Walter

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