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  1. Walter Hay

    Acting as a commission agent for the supplier is not an easy way to build a business. It is...

    Acting as a commission agent for the supplier is not an easy way to build a business. It is vital to have contacts with users in the US as well as understanding the financial processes so you don't get burnt. You might need storage space unless you can ship direct to the buyer. Iron clad...
  2. Walter Hay

    Walter Hay's Business Books

    MARKETPLACE 
    Yes that bundle deal is still available and the PayPal account is correct. If you buy the bundle it will include the very latest edition published in January 2021. I did announce the publication of the 2021 edition in this thread: 15th Edition of...
  3. Walter Hay

    Walter Hay's Business Books

    MARKETPLACE 
    See my PM. I have no doubt that with the information provided in my book you will be able to find what you are looking for. If you need help PM me. Walter
  4. Walter Hay

    Most Potential For The Profit

    Sell water! One of my chemical raw material suppliers, (one of the world's biggest chemical manufacturers,) was also a direct competitor. They produced a super new product, but as is common among the big chemical companies, they knew how to make a product, but had little understanding of how...
  5. Walter Hay

    Walter Hay's Business Books

    MARKETPLACE 
    Although Alibaba make it relatively easy to source products, their system also generates risks, mainly due to their "verification" system being very inadequate, and their Trade Assurance scheme is mostly smoke and mirrors. My first rule if sourcing on Alibaba is to not believe everything you...
  6. Walter Hay

    Disruptive & Innovative Pricing Models Master Thread

    In my later B2B importing business, selling terms were 25% to 50% paid with order. The % depended on set up cost. Balance was paid in full on delivery. This method was successful because the products were bespoke and therefore unsaleable if the customer changed his/her mind. The customers...
  7. Walter Hay

    Disruptive & Innovative Pricing Models Master Thread

    Tiring of giving free samples of my industrial chemicals only to see them gather dust, I changed to selling discounted small production quantities that could be, and usually were, tested in the factory during a real production run. The small production sample quantities were paid for on...
  8. Walter Hay

    GIVING VALUE REALLY WORKS

    MINDSET 
    My book referred to is Proven Global Sourcing. If you scroll down on Page 1 of my Marketplace Offer you can see full details of what it covers. Just click on the link at the bottom of my signature. Walter
  9. Walter Hay

    GIVING VALUE REALLY WORKS

    MINDSET 
    Many times people in your situation have provided value to the forum by telling the story of their lack of success or outright failures. In doing so they have benefited from responses posted by members who have made their way through a minefield and come out the other side with a successful...
  10. Walter Hay

    Walter Hay's Business Books

    MARKETPLACE 
    Any confidential questions can be sent to me via PM. Over the past 6 years on the forum I have been asked many confidential questions and I never even mention them because trust is of great importance to me. I could not continue to help if I betrayed that trust, so feel at ease. Walter
  11. Walter Hay

    GIVING VALUE REALLY WORKS

    MINDSET 
    I have written to request permission and will post his original message if he says yes. Walter
  12. Walter Hay

    What Opportunities Will Arise From Cancel Culture And Political Polarization?

    HOT! 
    @LexDeville, Would a counter-brainwashing service to overcome the political correctness affliction experienced by a business' customer base be considered a viable business idea? On second thoughts, expecting to achieve any rationality among those who see boogey men in every dark corner of...
  13. Walter Hay

    GIVING VALUE REALLY WORKS

    MINDSET 
    It is not uncommon to see posts questioning the merits of having as your first business rule: “Provide Value”. Today I received a PM that gave me a tremendous boost. I am not writing in order to boast, but to encourage newcomers to give serious thought to the concept of giving value. The...
  14. Walter Hay

    Anti-China Sentiment

    The US negotiators seem unaware that in general, the Chinese people have an ingrained determination to not lose face. I have encountered this countless times when negotiating face to face in China, and quickly learned the lesson of how to generate a win/win outcome. This obviously also applies...
  15. Walter Hay

    Anti-China Sentiment

    Suppliers in any country will happily accept orders if the customer can pay. The USA importers have fouled their own nest by greedily ordering at low cost from suppliers in China. Those suppliers in China would be crazy to refuse orders if they can make profits - which they can even though US...
  16. Walter Hay

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

    GOLD! SOURCING 
    @Zaratustra I'm sorry about being late answering. My internet server has been down. @Sethamus has given you some good advice. The freight component of your order seems very reasonable. The inflateable product could cost you less for freight than you would pay for a small shipment of Kayaks...
  17. Walter Hay

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

    GOLD! SOURCING 
    When importing to the UK, before placing your order you should obtain an EORI which can be done easily online here: Get an EORI number There are hundreds of freight forwarders in the UK, and I have sent you via PM a link to a site where you can find them listed. It is tedious to use simply...
  18. Walter Hay

    Is it risky to import electrical goods from Ali Express?

    Whatever product you want to import for resale, don't look on Aliexpress for it. Here are a few reasons: Aliexpress is a retail site so you will pay more. A lot of products sold there are bought from places like 1688.com where sellers are disposing of rejects. You will often find it...
  19. Walter Hay

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

    GOLD! SOURCING 
    Posted today by @Zaent in a new thread with the title: Importing from China - Freight forwarding help required. "I'm looking to ship heavy fitness equipment to the UK, around 1200kg worth. It's costing me £1500 and the items are about a cubic foot in size (50 of them) - so like 7 cubic feet...
  20. Walter Hay

    Importing from China - Freight forwarding help required

    SOURCING 
    I have transferred your question to my AMA; GOLD! Sharing my lifetime experience in export/import. Product sourcing specialist. Various aspects of your question have been dealt with there, but with the changes to INCOTERMS (Shipping terms) last year for the first time in over 9 years all...
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