You’re planning to export your goods – nutraceuticals, cosmetics, food, etc. – to Europe. You’ve assessed demand, sampled your products and established an appropriate target price range among potential customers. But have you done all of your homework? […]
Exporting is an excellent opportunity for small businesses to increase sales and profit while stabilizing seasonal fluctuations. According to government statistics, nearly 96 percent of consumers live outside the U.S., so it makes sense to go where the customers are.
As an importer, when you make your first contact with overseas suppliers, you may be impressed with their English-speaking abilities. Your requests for pricing, product data and shipping info are met with surprisingly good English replies. A good sign, right? Not necessarily…
When importing from China, it’s critical to understand exactly how long it will take to get your goods from there to here. To calculate your lead time, you have to determine 1) how long it will take your supplier to produce your goods, and 2) what your expected transit time is. Not having your products in stock when you need them can cost you. Mastering Just-In-Time inventory management can help… if you anticipate the potential mishaps that may occur along the way. […]