• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 40,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

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

Discussion in 'Product Creation, Inventing, Importing, Sourcing' started by Walter Hay, Sep 17, 2014.

  1. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    You are thinking this through well. In answer to your questions:

    1. Yes that is right, but you need to get your supplier to only ship every 3 days, otherwise if two or three shipments arrive close together they will be treated as a single shipment and you will pay duty on the total value of the two or three.

    You must calculate whether or not the saving on duty is more than the extra cost of shipping in smaller value shipments. You also need to take into account the inconvenience.

    2. Correct again. If you can reduce the freight cost that would help, but you need a cooperative supplier to help. Shipment via ePacket might save some money but you need to ask your supplier to find the most economical door to door shipment for you. In the case of ePacket you will possibly have to collect from your post office.

    I suggest you check with the Post Office in your country to see if they automatically clear and deliver. In many countries that is routine, but if they don't you might have to go to a Postal Customs depot to collect and this could involve the red tape of completing an informal clearance.

    Refresh your memory about invoices by looking at Chapter 17 Order Procedure and Checklist. The checklist is not numbered, but the important part when shipping multiple small shipments is the 9th item on the list. That item helps with clearance whether automatic or by you doing an informal clearance.

    Walter
     
    SYK and LPPC like this.
  2. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    Labeling book: Error in my support email address.

    I have been advised by several people that emails to me at Power Labels – for Private Labeling Profits have bounced. I have contacted my web developer and the fault should be corrected within a few days.

    Meanwhile support requests can be sent to me via PM or through my son in law's email at imagemodeuk@yahoo.co.uk.

    I am posting this here because it is the most likely place people will look regarding my labeling book.

    Walter
     
    Readerly and LPPC like this.
  3. LPPC
    Offline

    LPPC Bronze Contributor

    Messages:
    223
    Likes Received:
    185
    Joined:
    Mar 6, 2016
    Gender:
    Male
    Rep Bank:
    $789
    Yes, I should be careful not to overthink it ;)

    Very good to know about shipping every other 3 days and the ePacket option. I am investigating everything right now.

    It's been a hell lots of research importing my first product. Doesn't help that it has different sizes and styles to choose from and it's a big item, meaning high shipment costs. I'm going to see whether air freight and sea is a better opton.

    Thank you so much for the help. Honestly, your book has saved me sooo much time and prevented me from so many errors!
     
    Walter Hay likes this.
  4. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    When checking those air and sea freight options it is essential that you get quotes that cover all of the port charges at the destination airport or sea port.

    Those local charges have often been known to exceed the freight cost for shipping goods thousands of kilometers.

    Walter
     
    LPPC likes this.
  5. LPPC
    Offline

    LPPC Bronze Contributor

    Messages:
    223
    Likes Received:
    185
    Joined:
    Mar 6, 2016
    Gender:
    Male
    Rep Bank:
    $789
    Thank you for the reminder, I will certainly make sure of that. I hope I am not being too annoying with all the questions but here it goes...

    I asked this supplier to quote me for Air courier, door-to-door, customs clearance included, CPT (if I understood it correctly in the book, I should ask for air courier quote this way) and now they have quoted me a price that includes the customs duty (2.7%) and VAT (21%) that has to be paid to the Dutch government . So it is pre paid already. I thought the quote I asked did not include these, so I hope this is safe.

    That quoted price for Air courier seems reasonable and maybe even too expensive. But they have also quoted me a very good price for train freight (30 days to deliver door-to-door) that has all these costs included. My question is: is freight train something that is usually safe and thus a good option?

    The cost was 430 USD for 8 cartons of 58x40x43cm,11kg.
    I am curious as to whether sea is even cheaper, I will figure that out soon.
     
    Walter Hay likes this.
  6. DeepScripted
    Offline

    DeepScripted Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER

    Messages:
    17
    Likes Received:
    21
    Joined:
    May 27, 2018
    Gender:
    Male
    Location:
    Denver, Colorado
    Rep Bank:
    $109
    @Walter Hay , just wanted to thank for pouring your heart and mind out in writing the books. I am reading both books and the wealth of knowledge is superior to any other resources I have found on these topics.

    Thanks you for your immense contribution!
     
    Walter Hay likes this.
  7. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    The correct Incoterm for the quote you have received is DDP. It should read: DDP (Delivery Address) DDP = Delivered Duty Paid. If the quote is for door to door the delivery address must not be the destination port, it must be your address.

    In answer to your question, rail freight is generally regarded as one of the safest freight methods.

    The forwarder being used by your supplier is most likely http://www.zotrains.com They ship from the big rail terminal at Cheng du, and most freight goes via the shortest route which is through Russia. The rate you have been quoted is very good, and I doubt that sea freight would be cheaper.

    ZoTrains, also known as Sino-Euro Trains, are based in Shenzhen, and they have offices in Poland, Germany, and the Netherlands, but they can transport cargo by rail to almost any destination in Europe. I would regard them as safe to use.

    Your questions are not annoying. The purpose of my AMA is to help members with their sourcing and shipping questions, so you are in fact helping others by asking questions.

    Walter
     
    Jimmy999, Readerly and LPPC like this.
  8. LPPC
    Offline

    LPPC Bronze Contributor

    Messages:
    223
    Likes Received:
    185
    Joined:
    Mar 6, 2016
    Gender:
    Male
    Rep Bank:
    $789
    Thank you soo much! Couldn't be any more clearer. +rep

    The delivery address is indeed my address, not the destination port. So that is good.

    Much love!
     
    Walter Hay likes this.
  9. Timmy1990
    Online

    Timmy1990 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    138
    Likes Received:
    115
    Joined:
    Jun 12, 2018
    Gender:
    Male
    Location:
    Australia
    Rep Bank:
    $534
    I am sourcing Manufacturers at the moment from all over the globe as well as Domestically.

    I am having a good conversation with a Domestic supplier and they have sent me samples of there materials albeit they do not have what I am after.

    But Manufacturers located overseas I am not getting replies from them at all.

    I didn't find the international suppliers on alibaba and I have been professional in the emails I am using to communicate with them.

    Anyone got any ideas or insight as to why that might be?
     
  10. Readerly
    Offline

    Readerly Yes and Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

    Messages:
    111
    Likes Received:
    167
    Joined:
    Sep 25, 2017
    Gender:
    Male
    Location:
    Portland, Oregon
    Rep Bank:
    $803
    Howdy @Walter Hay,

    Congrats on publishing your 2018 edition of Proven China Sourcing. I'm sure it's excellent.

    You've probably already noticed this, but as far as I can tell Alibaba has removed the "Assessed Supplier" designation and replaced it with "Onsite Check." What do you make of this development?

    Another question: what's your opinion of freightos.com? They seem to make sea and air freight arrangements a lot more transparent.
     
    Walter Hay likes this.
  11. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    Thanks for pointing this out.

    Yes, I knew that major changes had been made since I published my 2018 revision. This is a common problem in dealing with Alibaba. They have made numerous changes over recent years, sometimes as many as three significant changes in one year.

    In fact the Assessed Supplier category no longer exists, although Alibaba's help section still contains copious references to the non-existent category. In some of their articles in the help section they encourage people to filter for Assessed Suppliers, but no such filter is any longer available.

    The onsite check is still, as it has always been, a token gesture that is worthless in assessing suppliers. It only proves that they exist.

    Their whole verification and assessment process that was already near useless has now become a shambles.

    There is conflicting information on the site, and their explanation regarding the newest badge: "Gold Plus Supplier" is that in addition to the "Onsite checks and Trade protection" offered by ordinary Gold Suppliers, the Gold Plus Suppliers can boast of:
    1. Advanced trade protection with higher volume
    2. Assessed videos
    3. Panoramic pictures
    4. Factory inspection reports
    5. Verified production lines
    To give you an idea of how big a shambles this has become, although I am very familiar with Alibaba, having been a registered vendor for some years, and I know how to search the innermost parts of the site, I have been unable to find out what "Advanced trade protection with higher volume" means.

    The videos would never win any film festival awards, mostly showing images of buildings, signs, products being offered, people sitting at desks etc.

    The panoramic pictures show bigger pictures of the buildings and sometimes even inside one of them.

    I have read some of the new "Factory inspection reports" that include details of the
    "Verified production lines", and they are a far cry from the old Assessed Supplier reports. They now provide very limited information. One that I read gave information that contradicted what appeared under a different heading elsewhere.

    I am sorry to see SGS and TUV providing such reports.

    The upshot of it all is that in my opinion, sourcing on Alibaba is now a very hit an miss affair.

    Walter
     
    Readerly and LPPC like this.
  12. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    In relation to the question:
    "What's your opinion of freightos.com? They seem to make sea and air freight arrangements a lot more transparent."

    As far as I am concerned the jury's still out.

    My eyebrows rose when I looked at reviews on one site, and out of the 10 reviews, 3 started off with the identical sentence, - actually in the form of a question,

    That made me suspect that the reviews weren't genuine.

    You can try the service for free, but after that it will cost you 3% of the value of your secured order.

    I would prefer to use a freight forwarder near me. If in doubt you can always use the free trial on Freightos or Flexport to see if your local forwarder provides value without a fee for quoting.

    Walter
     
    Last edited: Sep 5, 2018
    Readerly likes this.
  13. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    Is Alibaba exaggerating? Surely not......

    For their homepage for the month of September, Alibaba have the headline: "Over 50,000,000 quality products. Over 50,000 selected suppliers."

    Does that mean that on average each supplier has 1,000 products? :smuggy:

    Walter
     
    Readerly and Okraz1 like this.
  14. Ethan_Scott
    Offline

    Ethan_Scott New Contributor

    Messages:
    8
    Likes Received:
    4
    Joined:
    Mar 1, 2018
    Gender:
    Male
    Location:
    India
    Rep Bank:
    $21
    Walter, I agree with wh ta you just said. For any sort of supply chain business, we need to get our fundamentals right and straight. This has not only been going wrong since quite a lot of time, it has also been unchecked. We need to get along the data in the import and export industry, check with freight transportation carriers and analyse the market. It is only then a solution can be extracted.

    If you come across any resource or reliable centre, please let me know. I will be more than open to discuss this with all of you.
     
  15. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    Risky Business.

    Earlier this year The Office of the U.S. Trade Representative issued its list of “Notorious Markets” and Alibaba’s various B2B and B2C sites feature yet again, with a high volume of infringing products reportedly continuing to be offered for sale and sold on Taobao.com.

    This is despite the fact that Alibaba say they closed down 230,000 shops on TaoBao.com in the year ended August 2017 for selling fakes and counterfeits.

    Other Alibaba operated sites get a mention too, including T Mall, TMall Global, Xian Yu, (located at 2.taobao.com) and of course, Aliexpress.

    It’s not only Alibaba group sites that are selling fakes and counterfeits. INDIAMART.COM gets a mention and is singled out for its big trade in counterfeit and illegal pharmaceuticals.

    DHGATE.COM, carries more than 30 million product listings, which for many years have included huge numbers of counterfeit and copyright infringing consumer products, appears to make little effort to get rid of their IP thieving sellers. The site is also reportedly a leading online marketplace for the sale and distribution of counterfeit and pirated academic textbooks

    These are far from being the only B2B sites that you should be wary of. My view is that if a site allows IP theft on their platform, how reliable is the site itself?

    On a personal note, I have found counterfeit copies of my labeling book being offered for sale. Even though it is the old version which is now very much out of date, I have issued a Cease and Desist order, but no doubt it will turn up somewhere else.

    Walter
     
  16. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    Another guru not what he appears to be.

    I have again been asked by a forum member to comment on a product sourcing course that provides training complete with a China sourcing trip for buyers.

    The program costs $6,000 and it includes "3 days access to the Yiwu Markets." (The markets don't charge an entry fee to anyone!)

    I have reviewed Shawn Hart's scheme previously and would not consider using his services to help with product sourcing.

    He says that he takes people to Yiwu markets to avoid middlemen, but in fact almost all of the stallholders at Yiwu are middlemen. You would not find many actual manufacturers there.

    His marketing business in the USA has a shocking reputation, partly I expect, as a result of him buying poor quality products at Yiwu. See this report Ripoff Report | shawn hart marketing complaints, reviews, scams, lawsuits and frauds reported, 34,382 results dealing with the thousands of complaints lodged with Ripoffreport about his business.

    I have posted previously about Yiwu, and repeat that I consider it to be a very poor place to go for sourcing unless you want to run a $1 shop.

    Walter
     
    Readerly, LPPC and DeepScripted like this.
  17. LPPC
    Offline

    LPPC Bronze Contributor

    Messages:
    223
    Likes Received:
    185
    Joined:
    Mar 6, 2016
    Gender:
    Male
    Rep Bank:
    $789
    Hello Walter,

    I hope you are doing well.

    I've just discovered the difference between DDU and DDP quotation and it's implications on the importing process.

    I want to import from China to The Netherlands and in The Netherlands business owners can get the 21% VAT paid at the customs refunded by the government. At first I got quoted for DDP for sea and railway freight. But then I thought it must be way cheaper to get quoted for DDU, since the shipping company does not have to pay customs duty and VAT and I can get those refunded by the government.

    Unfortunately, until now freight forwarders and manufacturers have not been able to quote me a cheaper DDU option for door-to-door delivery by sea or railway than DDP. One of them gave me the explanation that it since my shipment is not a full container and so it has to share the container with other shipments, they can not quote me DDU or if they did, it would be more expensive than the DDP quotation.

    Is it true that DDU is more expensive than DDP or impossible for door-to-door sea and railway freight, knowing that I do not ship a full container? Or should I search further and find a freight forwarder that can quote me a cheaper DDU door-to-door sea or railway option?

    Some freight forwarders have been able to quote me DDU for sea freight, but it was only to the port in The Netherlands, not door-to-door. But it was waaay less expensive than DDP. Maybe it is worthwhile to see whether a third party can pick up the shipments at the port and send it to the address I want and still be reasonably cheaper than getting a DDP quote, knowing I can get the 21% VAT refunded? Who should I ask for this, regular freight forwarders maybe?

    I hope I have been clear and concise.

    Thank you very much!

     
  18. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    The Term DDU has been replaced by the new term DAP (Delivered at Place). The place named in your case is your address. I doubt that this is the problem, because DDU is still widely used and understood in the freight industry.

    The most likely explanation for the problem is that the goods can't be released from Customs until all Duty and VAT chargeable has been paid. If that is the case, you would need to arrange payment through a Customs broker, and claim the refund of the VAT later.

    I think this could end up costing you more than accepting the DDP quote. The big advantage of a DDP quote is that it simplifies the process for you. All clearance work is the responsibility of the shipper.

    The serious complication is that the party that pays the VAT is the one that must claim the refund. I suggest that you need to make a written arrangement with your local freight forwarder to have you pay the VAT at the time of clearance, while they pay the duty. This would be covered by the term: DDP VAT Unpaid (+ Place)

    I suggest that you contact some forwarders in the Netherlands and ask their advice.

    icontainers might be able to help. Email: info@icontainers.com or phone their Netherlands office: +31 (0)85.888.8935

    Mainfreight - Wereldwijde Transport en Logistiek is another forwarder worth contacting. Phone +31 (0)314 678 430

    They should be able to sort it out for you.

    Walter
     
    LPPC likes this.
  19. LPPC
    Offline

    LPPC Bronze Contributor

    Messages:
    223
    Likes Received:
    185
    Joined:
    Mar 6, 2016
    Gender:
    Male
    Rep Bank:
    $789
    Thanks once again Walter! You set me up to take the right actions.

    I have contacted freight forwarders and I have been able to get a DDU/DAP quotation for both railway and sea shipping options.

    I found out that there are many differences between freight forwarders in how they work and what they can do for you. Even prices differ a lot.

    One freight forwarder could only quote me DAP for sea if the freight was at least 2 cbm. In other words, I have to pay for 2 cbm even if the shipment is less than that.

    The other freight forwarder had a minimum of 1.3 cbm.

    One of them can not quote me DAP for sea and air at all.

    Moral of the story: shop around for freight forwarders and see which one can fulfill your wishes and give the best offers.
     
    Walter Hay and DeepScripted like this.
  20. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    Thanks for letting me know the outcome.

    I have bolded your moral of the story in the hope that other readers will take note.

    Forwarders are like any service business. They all have their own preferred way of operating, and they all have different attitudes to service.

    Sometimes those attitudes are reflected in their prices, and sometimes simply in their willingness or unwillingness to be helpful.

    Walter
     
    LPPC likes this.
  21. K465
    Offline

    K465 New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    7
    Likes Received:
    7
    Joined:
    Feb 2, 2018
    Gender:
    Male
    Location:
    South Carolina
    Rep Bank:
    $39
    Hey Walter, I have a few questions if you don't mind. Really long post so I apologize.

    My goal is to build a brand on Amazon and expand off their platform in time. I want to get started and learn by doing the product process steps - sourcing, differentiating, selling PL products on Amazon. The first few PL items, I realize it will be more of a learning experience than anything else. Next, I plan to take lessons learned and apply it to building a true brand.

    1. For someone just getting their feet wet in this area, what is your take on these options for sourcing:
    a) Using a service like Import Dojo
    b) Hiring a sourcing agent (upwork, fiverr, other website)
    c) Doing it all yourself via alibaba, dhgate, etc

    I started with C and soon realized that I was out of my league when it came to products requiring a modicum of knowledge regarding US laws and certification requirements.. So a week or two ago I went with B, hiring a well-reviewed agent on upwork (a-z service, no bad reviews, etc). So far I'm seeing the $30/hr wage add up but not much else. He says he's still waiting on offers/quotes from his contacts due to a trade show in the area, which is fine - I'll give it another week. Problem is, I'm still having to look into cert. reqs and tell the agent exactly is needed... let's be honest, I have no idea and I end up googling it to *try* to figure it out.

    This experience is making me wonder if I wouldn't be better off paying a service like Import Dojo a flat rate, even if only using them for the 'sourcing' part since they claim to cover this aspect of product sourcing among others.

    2. While researching various products on Amazon, I got an idea. I looked everywhere and did not see anyone selling or manufacturing this specific item, but many well-selling products that danced around the concept without doing it outright. And even then, none have my 'bonus feature' which adds value to the product's concept in addition to the product's category.

    The modification is fairly simple, I don't think manufacturing costs would increase much if any over competitor products. Even now with this rough concept in mind I am already seeing possible ways to expand on it with bundled sets, other complementary items to build out brand product line, etc.

    Problem is, I have no clue where to go from here. Do I contact manufacturers on alibaba, share my idea, and see if they can make it? Hire someone to do product design and file a provisional patent? Something else? Totally lost on this one.
     
  22. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    @K465 I have copied and pasted most of your post with my reply in blue.

    1. For someone just getting their feet wet in this area, what is your take on these options for sourcing:
    a) Using a service like Import Dojo I’m sorry to say that ImportDojo are just another high priced Amazon teaching program and part of the upsell is to get you to pay them to do what they claim to be teaching you how to do for yourself. I have read a lot of their stuff and yawned. I must add that they are among the most professional of the Amazon experts selling courses (Jim Cockrum excepted!)

    b) Hiring a sourcing agent (upwork, fiverr, other website) I have two reasons for avoiding sourcing agents:

    1. I see it as an unnecessary expense, because with the guidance from my book, together with the support I give, primarily through Jim Cockrum’s PAC paid support team that I have trained.

    2. It is practically impossible to know if the sourcing agent is working entirely with your best interests at heart (unlikely), or is he/she being paid by the supplier/s, or are the suppliers owned by the sourcing agent, or relatives or friends.


    Secret commissions are illegal in Western jurisdictions but they are commonplace in China.
    c) Doing it all yourself via alibaba, dhgate, etc

    I started with C and soon realized that I was out of my league when it came to products requiring a modicum of knowledge regarding US laws and certification requirements. In my book Chapter 3 Rules and Regulations I suggest consulting a Customs Broker for such issues. So a week or two ago I went with B, hiring a well-reviewed agent on upwork (a-z service, no bad reviews, etc). I place very little trust in reviews. Testimonials published online (such as on my ProvenChinaSourcing.com) can be subjected to scrutiny by the FTC, but reviews have often been bought. So far I'm seeing the $30/hr wage add up but not much else. He says he's still waiting on offers/quotes from his contacts due to a trade show in the area, which is fine - I'll give it another week. Problem is, I'm still having to look into cert. reqs and tell the agent exactly is needed... let's be honest, I have no idea and I end up googling it to *try* to figure it out. Very few Chinese sourcing agents know much about anything outside of China.

    This experience is making me wonder if I wouldn't be better off paying a service like Import Dojo a flat rate, even if only using them for the 'sourcing' part since they claim to cover this aspect of product sourcing among others. See answer to 1a above.

    2. While researching various products on Amazon, I got an idea. I looked everywhere and did not see anyone selling or manufacturing this specific item, but many well-selling products that danced around the concept without doing it outright. And even then, none have my 'bonus feature' which adds value to the product's concept in addition to the product's category.

    The modification is fairly simple, I don't think manufacturing costs would increase much if any over competitor products. Even now with this rough concept in mind I am already seeing possible ways to expand on it with bundled sets, other complementary items to build out brand product line, etc.

    Problem is, I have no clue where to go from here. Do I contact manufacturers on alibaba, share my idea, and see if they can make it? Hire someone to do product design and file a provisional patent? Something else? Totally lost on this one.

    I hate to see you so lost. If you care to let me know confidentially via PM what the product is and the improvement, I should be able, with my extensive manufacturing industry experience, to give you an idea whether cost of the modification will be low or high. I will also make any suggestions I think might help in your quest to improve on the product.

    Walter
     
    DeepScripted and K465 like this.
  23. K465
    Offline

    K465 New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

    Messages:
    7
    Likes Received:
    7
    Joined:
    Feb 2, 2018
    Gender:
    Male
    Location:
    South Carolina
    Rep Bank:
    $39
    Thank you so much, I will gladly take you up on that offer. I will PM you full details soon.
     
    Walter Hay likes this.
  24. Jimmy999
    Offline

    Jimmy999 New Contributor

    Messages:
    6
    Likes Received:
    1
    Joined:
    Sep 13, 2018
    Gender:
    Male
    Rep Bank:
    $7
    Bought the ebook and had a read, some good stuff in there.

    I've found a manufacturer/trading company. I've looked through their bureau report and it looks like they only manufacture one product, and are a trading company for a bunch of others. However it looks like they have trademarks/licenses to sell these products (hard to zoom in and see from reports)

    I haven't been able to find a manufacturer just yet that will manufacture what I'm after yet except this supplier. This is a common household item, so I struggle to see how they'd have a licence for this product. Any advice on this?

    Also, do you know if tariffs are applied on raw materials or produced goods too?
     
  25. Walter Hay
    Offline

    Walter Hay Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Messages:
    1,664
    Likes Received:
    6,738
    Joined:
    Sep 13, 2014
    Gender:
    Male
    Location:
    World citizen
    Rep Bank:
    $54,271
    Glad to hear you like my book. I have been told by many Fastlane members that it has saved them lots of money - sometimes thousands.

    You never know what IP might apply, such as registered design. It might well be that they are selling under license.

    Many genuine manufacturers also act as traders. Sometimes it is just because they set up a trading company to handle their export business, but in most cases it's because they see products that complement their own product, making it simple for them to market.

    Tariffs are charged on raw materials as well as on finished products.

    Walter.
     
    Jimmy999 likes this.

Share This Page