There are many variables involved, so use the following as a guide: Cost of goods - variable. After you have at least six quotes from suppliers, you'll have an idea of a fair market price to pay. Import assistance company - $ variable depending on level of service. Freight - $ variable, depending on volume, port...
The import process time frame is variable and the following is a guideline for a proven process to ensure the right product is delivered on time and at the agreed price. Stage Actions Deliverables Time 1. Research & Tender Research, locate and qualify suitable suppliers for the product Prepare Requests For Quote Contact suppliers Obtain quotes and evaluate offers Shortlist...
If you can give your supplier a sample or prototype of your desired item, it will greatly increase the chances of receiving what you want. Just give a sample to your shortlisted top 1 to 3 suppliers, not to everyone you request a quote from. Getting a prototype made can require a...
Many of us have enjoyed bartering for goods at markets in Asian countries. Here the vendor starts high, you negotiate them down, and it can be a lot of fun. Did you know that in business to business dealings in China, the opposite usually occurs? Suppliers will generally quote low initially to...
When you've found a supplier you want to work with, you're satisfied that they're reputable, and you're happy with the price of producing your order, the next step is to get a sample from that supplier, prior to placing an order for the full quantity. Keep in mind that the first...
Many people at this stage say, "I don't know how many I want, because I don't know how many I'll sell", or, "I just want a few to test the market". Knowing the quantity is important because you have to tell the supplier in order for them to give you a...
