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  1. Walter Hay

    Investigating a new franchise as a potential side hustle

    SIDE HUSTLE 
    Thanks for sending the disclosure document. As I suspected, the franchise is virtually non-existent as a franchise network, with none listed as current franchisees, and only one ever having existed, but that franchisee "LEFT THE SYSTEM, TRANSFERRED A UNIT OR HAD AN AGREEMENT TERMINATED IN OUR...
  2. Walter Hay

    Investigating a new franchise as a potential side hustle

    SIDE HUSTLE 
    The company seems to be legitimate, but with the wording I have bolded above they cleverly give the subtle impression that their franchises have federal approval. What has been approved is the business of selling CBD products. The FDA does not have any role in approval of franchises. The only...
  3. Walter Hay

    I found the idea!

    IDEA 
    Welcome @TahitiBlob to the world's most helpful business forum. When you start your other thread with details you will find that members with every possible type of business experience will be able to add at least something that might help you. Walter
  4. Walter Hay

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

    GOLD! SOURCING 
    In an interview for a recent news article, an importer in the UK said: The six-fold increase in shipping costs is hard to take, especially when getting hold of a container "is like gold dust". The problem has two sides. Chinese exporters are losing business because of the huge freight costs...
  5. Walter Hay

    How Commission Reps Helped to Rapidly Grow My Business

    My importing and B2B marketing business began its life in our farmhouse 1 ½ hours’ drive from a big city. I started the ball rolling by travelling to the outer suburbs and visiting schools where in face to face discussions with school principals I obtained orders for school badges, mostly...
  6. Walter Hay

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

    GOLD! SOURCING 
    1. Yes I still recommend Jing Sourcing. Quite a few book readers have used their services, and there have been no complaints. Although searching on Alibaba etc is free of charge, and Jing Sourcing will charge you a fee, depending on which of their services you opt for, their reliability and...
  7. Walter Hay

    Is it risky to import electrical goods from Ali Express?

    My post #11 above included a link to my AMA where I posted regarding forged certificates. "Checking your product" needs to be done before the products you ordered are shipped to you. If they are faulty you will have lost your money for the following reasons: If you complain to the seller on...
  8. Walter Hay

    Is it risky to import electrical goods from Ali Express?

    You make it sound so easy, but there are risks that you are obviously not aware of. In particular, the ""required certificates" needed to satisfy Amazon and others and also to reduce your product liability risks are very often forgeries when provided by suppliers in China. See post #536 in my...
  9. Walter Hay

    Is it risky to import electrical goods from Ali Express?

    Aliexpress and Alibaba are constantly changing. On Alibaba you can now buy smaller quantities than ever before. By way of example I checked out prices for a current "hot seller" and this is what I found: Aliexpress MOQ 1 piece @ $39.60 to $70.03 Freight $7 Alibaba MOQ 1 piece @ $4.70...
  10. Walter Hay

    Founding a shipping company: Where to start? What are the challenges?

    RANT 
    @Stargazer is spot on. A big factor in all those containers sitting empty was the wharf strikes in a number of countries. In Australia for example strikes led to shortages of pharmaceuticals that left doctors hard pressed to find alternative treatments for sick patients. The OP needs to...
  11. Walter Hay

    Need some business ideas! :)

    HOT! IDEA 
    People in a niche that is determined by dietary necessity will buy online provided delivery is fast enough to avoid getting stale product. You would not need to handle deliveries. See Shop online for gluten-free foods | The Gluten-Free Mall for example. They have branched into satisfying all...
  12. Walter Hay

    Need some business ideas! :)

    HOT! IDEA 
    A niche is definitely not found by searching for what everyone else is selling, unless you can find within that market a smaller sub-group with interests/needs/wants different to the great majority. As you have experience with the bread business, let's consider that. Almost everyone eats...
  13. Walter Hay

    Starting import / export business

    SIDE HUSTLE 
    I thought I should add a warning about a heavily promoted course teaching How to Start an Export/Import Business. There is one UK based company that has been selling such a scheme for at least 20 years, and others seem to have more or less copied it. The course fees are exorbitant but the...
  14. Walter Hay

    Starting import / export business

    SIDE HUSTLE 
    You are already off to a bad start if you think you need an import/export license from the government. No such thing exists. What does exist is the need for licenses to import or export some specific items. I have been involved in the exporting/importing/shipping industry for most of my life...
  15. Walter Hay

    Need help importing from china using Alibaba wholesale "ready to ship"

    SOURCING 
    If you read this entire thread you will get some idea of what issues are involved in relation to costs of freight, duty etc., Reading all of my AMA thread Sharing my lifetime experience in export/import. Product sourcing specialist will help you a lot more, but remember that the thread was...
  16. Walter Hay

    Ask me anything about eCommerce (Ongoing)

    GOLD! 
    @0VO I agree that launching a supplement on such a low budget will be difficult, and the amount you have to spend would likely get you nowhere on Amazon. At first look I think that if you can find the right influencers that could give you the best chance of selling outside Amazon. Amazon is...
  17. Walter Hay

    Advice for E-com product that has a great USP but isn't selling. What could be wrong???

    MARKETING 
    You are trying to sell on facts. Most buying decisions are based on emotions. Here is the USP chapter from the latest edition of my book LabelsThatExploitThePowerOfPsychology, PerceptionsAndEmotions: Chapter 20. USPs - Essential use of Emotional Triggers. So far almost every part of this book...
  18. Walter Hay

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

    GOLD! SOURCING 
    It is customary to nominate the dispatch date in an order confirmation, but if the confirmation takes the form of a Proforma Invoice enforcement is almost impossible. In fact enforcement is not easy unless the transaction involves payment by way of Letter of Credit (L/C). An L/C will contain...
  19. Walter Hay

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

    1. They don't all go bankrupt. My franchising business grew to the point of operating successfully in four countries. My franchisees were more like personal friends, and conferences were great times had together. I only lost one franchisee and that was due to his gambling addiction making him...
  20. Walter Hay

    Rapid Scaling a business by franchising

    FRANCHISING ONLINE BUSINESSES. Previously I have been reluctant to suggest selling franchises of your successful online business. Lately I have seen a growing number of online businesses for sale as franchises, but I must say that there are some that I have seen that I would not touch with a...

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