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  1. Walter Hay

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

    GOLD! SOURCING 
    My son in law has informed me that he has not sent you the books because he hasn't received any notification from PayPal. Sorry about the delay, but maybe you should check your PayPal account. He is always on the ball and sends the books very quickly after PayPal send him a notice. Walter
  2. Walter Hay

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

    HOT! INVESTING 
    How would that cost compare to the cost of growing and plowing in legumes as a cover crop? I found it very cost effective when growing grain crops on suitable parts of our cattle property. Mind you, prices for seed and fertilizer back then were "normal". Walter
  3. Walter Hay

    CHINA PLUS ONE STRATEGY

    SOURCING 
    Regular readers will know that for a long time I have been urging reshoring, as well as adopting the principles of the CHINA PLUS ONE STRATEGY. I posted my first entry dealing with reshoring in June 2015, and have posted more on the subject since then. Here's one that I posted 4 months ago...
  4. Walter Hay

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

    GOLD! SOURCING 
    I hope you mean he is selling a franchise and not buying one! Walter
  5. Walter Hay

    Manufacturing china and USA

    There are at least some that have succeeded in reshoring. I wrote about such a case among the many posts I have made about reshoring since I first raised the subject in 2014. Here is what I wrote in August this year: "It's important to view the wider picture. I posted about offshoring starting...
  6. Walter Hay

    Developing a product in China

    EXECUTION 
    Yes, a big market is there for you, and it is likely that you could find a manufacturer in the EU. You might also like to try other nearby countries such as UK, Ireland, or Turkey. You might like to see my latest update here: CHINA PLUS ONE STRATEGY Walter
  7. Walter Hay

    CHINA PLUS ONE STRATEGY

    SOURCING 
    Another Update on China Plus One Strategy. The Plus 1 strategy is now being very widely adopted, and I urge readers to look way beyond China. Manufacturers and big brand names in many countries are spreading their risks by shopping all over the world for suppliers. It is not only...
  8. Walter Hay

    Developing a product in China

    EXECUTION 
    My answers are in italics. How do you find the best supplier? (go to alixpress and search for relatable products and see if they can make it?) Suppliers on Aliexpress are rarely the actual manufacturer. Finding genuine manufacturers in China needs careful research. - Whats stopping them(the...
  9. Walter Hay

    Argentina's inflation fustration. In need of greener pastures.

    FTE 
    I would not see that as an improvement, but out of the frying pan into the fire. The Brazilian beaurocracy is notorious for corruption. I agree with @MTF that Uruguay is a better option. Walter
  10. Walter Hay

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

    GOLD! SOURCING 
    SCAM, RANSOM, EXTORTION ???? You be the judge. On June 13 I wrote what I quoted above, and now we are seeing the opportunism rearing its ugly head to a degree that I never thought I would see. This is how it works: "No-Roll Premiums". A No-Roll Premium is an extra charge now being levied by...
  11. Walter Hay

    Grew up in poverty, surrounded by wealth

    INTRO 
    I too grew up in poverty to such an extent that I stole food to help my mother and sister eat, as well as myself. At age 12 I gained entry to a high school where all the other students were from high income families, and I felt like a fish out of water, being surrounded by kids from wealthy...
  12. Walter Hay

    How much can you take in the quest to freedom? My Story (Pt. 2)

    You have done amazingly well to come so far from the conditions in which you had your start in life. PLEASE DON'T GIVE UP at this stage. That would sadden me and the many others who have supported you all the way so far. In my Featured User thread I mentioned that I was frequently beaten up by...
  13. Walter Hay

    Production in China: tips and advice request

    For at least 5 years I have been advising importers to look outside of China for supplies. In 2018 I posted about the benefits of manufacturing in the USA. See: 6 Figures At 18! 1 Year of The Fastlane Forum The situation has changed quite a lot since then, most notably the great increase in...
  14. Walter Hay

    Shipping goods from China to EU

    SIDE HUSTLE SOURCING 
    @ameszaross There are manufacturers in countries other than China. With my lifetime experience in shipping, exporting, and importing, I had no trouble finding some for you. I have kept that information private because this is your project and it would be better for you to not have it displayed...
  15. Walter Hay

    The Life of Rabbits - Can Humans Survive

    MINDSET OFF-TOPIC 
    Murder, Abandoned Babies, Attacks on the Elderly - These were all features of rabbit life described in "The Doomsday Book - Can The World Survive" by sociologist Gordon Rattray Taylor. (1970) Disturbed at the rapid growth in the world's population, Taylor set out to determine the effects of...
  16. Walter Hay

    Production in China: tips and advice request

    In the 18 years since I sold my importing and marketing business and put my lifetime of experience to work in helping new importers I have only a very few times encountered ones that wanted to use a formal contract when ordering. On each occasion they were following the advice of an importing...
  17. Walter Hay

    Production in China: tips and advice request

    Today I helped another member who is new to sourcing and importing. He is planning on having a product made to order in China, and had been following a YouTube "expert" who had given him incorrect advice and had complicated his process. Among other things the "expert" had provided that member...
  18. Walter Hay

    There is an idea to help all e-commerce entrepreneurs...

    IDEA INTRO 
    There is no doubt that profits begin with the buying process. Particularly in relation to dealing with Chinese suppliers there are simple processes to ensure that the best prices and good quality can be obtained, but an important part of those processes involves understanding the fine points of...
  19. Walter Hay

    Production in China: tips and advice request

    A custom sample will often be made by hand, or even by 3D printing, and will very often be of excellent quality that won't be equalled in a production run. For this reason, a factory Audit before you see a custom sample would be a good idea. Walter
  20. Walter Hay

    Production in China: tips and advice request

    The report will tell you all you need to know about quality control, but if the inspection finds instances of carelessness by production workers that would be a red flag. They will examine all parts of the production process, from checking any automation of set up or workers skill and...

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