Search results
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How to deal with the frustration of not moving forward?
MINDSET RANTCost of freight depends on many factors, and it is not unusual for freight cost to exceed the value of the product. The "due to customs" part doesn't ring true. It's true that Chinese suppliers have to pay fees, and exports have to go through Chinese Customs, but those things usually have little...- Walter Hay
- Post #31
- Forum: Mindset and Self-Development
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Business "coaches" are like college professors: Prove me wrong
OFF-TOPICIn a forum context the trust is built over a long period through genuine help being given, and answers showing clearly that the "coach" has a great understanding of his/her specialty. You are an outstanding example of this and you don't need testimonials or offers of free introdutory sessions...- Walter Hay
- Post #14
- Forum: Off-Topic Threads
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What kind of business model is this?
RANTI import some products from the USA for my own use, and the freight cost is so low that I can land them in Australia for on average about 25% of what I would pay for the same products if I bought them retail here. eBay has hundreds of sellers in Australia who buy in bulk from US suppliers and...- Walter Hay
- Post #4
- Forum: Business Models, Niches, Industries
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Considering starting a fashion e-commerce store - specific niche
Manufacturers in China will not dropship. They will only supply bulk orders. I teach how to get them to supply small orders, but that is for a trial run only. They won't do that repeatedly. Walter- Walter Hay
- Post #7
- Forum: Business Models, Niches, Industries
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Another Example of a Control Casualty
MINDSETAs a very successful former franchisor, I can confirm that there is absolutely no argument against the statement that a person who buys a franchise is surrendering CONTROL of their business. This is why in my posts on the subject of franchising, I emphatically say SELL FRANCHISES don't BUY...- Walter Hay
- Post #3
- Forum: Mindset and Self-Development
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15th Edition of PROVENGLOBALSOURCING
SOURCINGSTOP PRESS! I have today located an excellent sourcing platform for the Philippines, with a much bigger selection of manufacturers than the one already in the 2021 edition. It is a platform that I am very comfortable about sharing with my readers. Any members who already have a copy of my book...- Walter Hay
- Post #3
- Forum: Product Development, Importing, Sourcing
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15th Edition of PROVENGLOBALSOURCING
SOURCINGFREE REVISION. This is a reminder to all who have purchased previous copies of my sourcing and importing book that as promised you are all entitled to a free copy of the latest 2021 version. Kindly email my son in law at [email protected] and he will send you a copy. I have already...- Walter Hay
- Post #2
- Forum: Product Development, Importing, Sourcing
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15th Edition of PROVENGLOBALSOURCING
SOURCINGWith Covid 19 causing me to delay the 2021 revision until now, I have decided that the massive changes in international commerce have settled into a pattern sufficient to choose now, after months of preparatory work to finalize that revision. My thread: CHINA PLUS ONE STRATEGY | The Fastlane...- Walter Hay
- Thread
- book china importing product sourcing
- Replies: 18
- Forum: Product Development, Importing, Sourcing
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CHINA PLUS ONE STRATEGY
SOURCINGChina's economy has made a big comeback largely due to their early total lockdown in Wuhan, and their quick control of the epidemic allowing businesses to return to full operations while most countries were still closing down a lot of businesses. This is not likely to make Chinese suppliers any...- Walter Hay
- Post #4
- Forum: Product Development, Importing, Sourcing
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Manufacturing in Mexico
I have not imported anything (except for personal use) since 2003 when I sold my importing and B2B marketing business and published the first edition of my safe sourcing and importing book. For general information on importing, see my AMA at the top of the page. Although Mexico is right next...- Walter Hay
- Post #2
- Forum: Product Development, Importing, Sourcing
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Hi Denis, The book PROVEN GLOBAL SOURCING is $97, and the total price bundled with LABELS THAT...
Hi Denis, The book PROVEN GLOBAL SOURCING is $97, and the total price bundled with LABELS THAT EXPLOIT is $145. The 2021 edition of the sourcing book is ready now. Regards, Walter- Walter Hay
- Profile post comment
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One Simple Idea - Stephen Key
IDEAThanks for the link to her site. What a great product. It is evident that she thought outside the box, and came up with what was a high tech solution. The idea itself was simple, but the execution was brilliant. By studying the site I was able to work out the steps she went through to get it to...- Walter Hay
- Post #251
- Forum: Ideas, Concept Feedback
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One Simple Idea - Stephen Key
IDEAHaving spent some time trying to find a way to licence my life saving Fire Safety system to help Blind people actually find the exit, I have looked at quite a few companies that act as middle men and it looks grim. It seems that most are not trustworthy, including some that have been in...- Walter Hay
- Post #249
- Forum: Ideas, Concept Feedback
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EU - Import of products
It seems that this is your first attempt at importing so you have a lot to learn. I suggest you read at least the last 20 or 30 posts in my AMA thread: GOLD! Sharing my lifetime experience in export/import. Product...- Walter Hay
- Post #9
- Forum: Legal, Tax, Regulation
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An idea but no idea how to execute it.
IDEABeware of companies such as InventionHome. Check reviews. Walter- Walter Hay
- Post #6
- Forum: Ideas, Concept Feedback
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Why is it advised to never mention MOQ first when working with manufacturers?
Having a new product made to your design will always introduce the question of set up costs. If the product requires something like a mold that could cost a lot, yes they will quite reasonably want a decent size first order to cover the big outlay. If it is simply a matter of preparing a new...- Walter Hay
- Post #8
- Forum: Product Development, Importing, Sourcing
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Why is it advised to never mention MOQ first when working with manufacturers?
Good suggestions. A trial order can present some extra costs for a supplier, so you should expect to pay more per unit, but any reasonable manufacturer will understand the importance of a trial order. Answering with a genuine and matter of fact offer to proceed, as in your e.g., will sort out...- Walter Hay
- Post #7
- Forum: Product Development, Importing, Sourcing
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Why is it advised to never mention MOQ first when working with manufacturers?
In the 2021 revision of my sourcing and importing book there are links to genuine exporting sites in 39 countries other than China. You can use the book to locate manufacturers in all of those countries and in China. It also has a major update of the changes in Alibaba, GlobalSourcing, and...- Walter Hay
- Post #6
- Forum: Product Development, Importing, Sourcing
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Sharing my lifetime experience in export/import. Product sourcing specialist.
GOLD! SOURCINGI recommend asking for references, but Chinese suppliers are often reluctant to provide them. That doesn't necessarily mean that they have something to hide, it is just that the idea of giving references is not a part of Chinese business culture. Explain that the reason you want to contact one...- Walter Hay
- Post #1,854
- Forum: Product Development, Importing, Sourcing
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competing against goliath companies-how?
EXECUTIONI am sure that I am not the only one who has taken on the giants and bitten off a nice slice of their pie. See: Competing with MASSIVE Companies, Possible? Walter- Walter Hay
- Post #9
- Forum: Process and Execution
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