What's new

Search results

  1. Walter Hay

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    When I read that word "wholesale" I wonder if the new business person is buying from people who advertise as wholesalers or are they buying direct from manufacturers? The profit margins are potentially very different. Walter
  2. Walter Hay

    I will help you find a product to sell on Amazon

    GOLD! 
    I agree. I have been asked countless times about importing and selling electronic products and my answer is always NO. It's not only because of returns. Compliance with regulations can be a minefield, and relying on certificates provided by Chinese manufacturers is extremely risky. Forged...
  3. Walter Hay

    CHINA PLUS ONE STRATEGY

    SOURCING 
    Update on China Plus One Strategy. In a report published by a big Chinese owned inspection company, they say: "China sourcing is bouncing back strongly but is yet to return to pre-Covid levels, while alternative sourcing regions such as Vietnam, India and Turkey are experiencing sustained...
  4. Walter Hay

    I prepared a list of top tax deductions for business owners. Check it out.

    TAXES | REGS 
    I travelled very extensively while operating my international businesses, often taking family members with me. I took care to separate personal expenses from business expenses, and was never questioned when I claimed a deduction for business travel. An important factor was keeping a diary every...
  5. Walter Hay

    Feedback on marketing high-tech agricultural product

    HOT! MARKETING 
    Great concept. The video did nothing for me, simply watching someone standing in front of a tree and talking. It could be more interesting if he demonstarted the simple installation process. The list of benefits could be improved: Make the most of your precious water with FloraPulse and...
  6. Walter Hay

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

    GOLD! SOURCING 
    I have a full page in my 2021 edition dealing with searching the two Vietnamese exporting sites that I show links to. You could possibly do better by direct searching those sites. In any case there are similarities and differences between doing business in China and doing business in Vietnam...
  7. Walter Hay

    Need some nuggets of wisdom vending internationally (specifically latin america)

    SIDE HUSTLE 
    It depends on which country you are wanting to import to. Different countries have licensing or approval requirements for people to qualify as Customs Brokers, so here is a paragraph from my importing book that might help: "Brokers must be licensed in: Australia, Canada, Costa Rica, India, New...
  8. Walter Hay

    A fundamental question for any entrepreneur: What do I want from my business?

    NOTABLE! 
    I didn't start out to build my first business as a lifestyle one or an enterprise. I suppose that was because I started it in order to put food on the table after years of poor pay and negligble recognition for my achievements. I operated that business for 14 years without any employees, but it...
  9. Walter Hay

    Need some nuggets of wisdom vending internationally (specifically latin america)

    SIDE HUSTLE 
    No you don't need to know the local language, but it can be helpful. I picked up a small amount of Manadarin during my many visits to China and the only real benefit was to show the people I was dealing with that I was making the effort. It helped with relationships. Walter
  10. Walter Hay

    Need some nuggets of wisdom vending internationally (specifically latin america)

    SIDE HUSTLE 
    What you say is right, but that is not the only problem with importing in Latin American countries. Corruption is a huge problem that can result in very long delays unless a bribe is paid. The red tape is also ridiculous. Here is an extract from my sourcing and importing book: "If you plan to...
  11. Walter Hay

    FIRE SAFETY FARCE - Why the Blind Die in High Rise Fires

    OFF-TOPIC 
    The reason why I am posting part of my 3 page investigative article is that I want to raise awareness and also offer free of charge the details of the simple solution that I have invented. Anyone with sufficient interest please let me know. I would like to have a strong assurance that the person...
  12. Walter Hay

    ALIBABA's $2.8 billion fine.

    It would be good if such a thread was possible, but I doubt that it would be approved by the moderators. The best suggestion I can offer is you get yourself listed on the Bulgarian export site that I have linked in my 2021 edition of ProvenGlobalSourcing . For the benefit of others who are...
  13. Walter Hay

    ALIBABA's $2.8 billion fine.

    Today I set out to respond to a member's request for help. The question was the same one that I have until recently found answers for on countless occasions. Is the company being considered as a supplier really a manufacturer? But no such luck! Apart from references to the company on Panjiva...
  14. Walter Hay

    Let’s grow an ice cream business!

    EXECUTION 
    I'm very pleased to see how well you are going. I am sure that the flooring decision was sound. Repairs and touch ups would possibly interfere with your operation, so you need to be sure that the new flooring won't cause headaches. It reminds me of the attitude of customers in my Business #1...
  15. Walter Hay

    My journey: e-comm

    EXECUTION 
    Congratulations on finding the secret to success in selling physical products. I have preached for a long time that purchasing decisions are made on emotions rather that on facts. Even colors can be the deciding factor simply because the color the customer sees is one that triggers an...
  16. Walter Hay

    India - exporting and custom clearance question

    I have written quite a lot about Inspection Services and I suggest you use the search button in the top right end of the page to search for posts by me with the keywords Inspection Services. You will find more than just the names. Walter
  17. Walter Hay

    Forum Members and Their Books!?

    PUBLISHING 
    I am bumping this thread as a reminder to everyone that there are a number of members who have written valuable books that answer many of the needs of those trying to start and grow a business. I suggest at least a quick browse from page 1 onwards might find just what is needed. Walter
  18. Walter Hay

    Formal Education is Overrated!(or not?)

    MINDSET RANT 
    In my earlier post I mentioned that family poverty necessitated that I leave school early. As a result I dropped out of High School at the age of 15. I reluctantly attended night school studying accountancy. The most valuable part of that course was Commercial Law which I enjoyed, but as for...
  19. Walter Hay

    Thanks for letting me know. The ProvenGlobalSourcing site has a few flags missing, but there are...

    Thanks for letting me know. The ProvenGlobalSourcing site has a few flags missing, but there are now users of my book in over 40 countries. I hope you find great value in the book. Regards, Walter
  20. Walter Hay

    India - exporting and custom clearance question

    Every shipment arriving in any country will need documents. For small, simple transactions, at the very least there must be a Commercial Invoice accompanying the shipment. For high value and/or large volume shipments there will be other documents required, but to say which I would need to know...

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