It is true that to export and import goods is nothing new in the history of mankind. But it is also true that never before the time was so right for exporting and importing goods. Especially the global economy and the globalization have flourished the idea of making the global market available for all importers.
Another concept that is playing a significant role in this matter is outsourcing. Entrepreneurs of advanced countries are trying to buy thing overseas because they are cheap in there and they then sell it on their own country with a significant profit margin.
However if you are an entrepreneur, you most likely have some experience over the importing issues. On the other hand, if you are not but are planning to be one....you should gain some knowledge in this field. Below are the main points that a beginner in entrepreneurship should consider.
Long Lead Times
Most overseas companies need a large amount of time before they complete production after they get an order. So expect to wait anywhere between 2 to 4 months or even longer depending on the nature of the product.
Escrow
Most overseas organizations won't even start production until you make a down payment of some percentage of the agreed total. There are various third parties that establish a safe and reliable payment method but a transaction is fastest for direct cases, which is not generally possible at first as it is a trust issue.
Payment Terms
Most vendors do not accept payment by any means except wire transfer. Also an importer should gain a clear idea first, before he/she starts importing goods. Because it may so happen that if you quote a price that is too high or too low, vendors may be suspicious.
Large Orders
Many companies won't agree on a small number of orders. A bigger order is needed if one needs to get a reliable vendor. The minimum order is variable with companies, but asking is the best method to be sure. For a beginner, take your idea of a large order and multiply it by 10.
Quality Control And After Sales Or Warranty Support For The Product
These are important parameters to be agreed (and/or negotiated) upon before placing the final order.
Duties & Taxes
This is probably the most varied parameter. This varies with continents, countries, states and with products and over time. The best possible ways are to talk to somebody knowledgeable, to contact that country's embassy in your country and to search online from reliable sources (such as govt. websites).
Import Regulations
There are other import goods regulations than duties and taxes. There are customs broker, consolidations, insurance expenses, freight costs etc. Air freight is 10 times more than shipping.
The above parameters and points are unavoidable for importing goods from overseas. For import export business and importing for export, it is also important to check for legal arrangements, unambiguous terms and conditions, product market etc.
Thursday, July 29, 2010
Five Essentials For a Thriving Business Trade
Starting your own business can be a scary prospect. In fact, in this day and age, you might even think of it as crazy, especially if you have a full-time job that you can count on day after day. But there is nothing quite so fulfilling as setting your own hours, building your own brand, and being in charge of your own destiny. If you are excited about such ideas, then maybe you should consider a business for export-import. It could be your ticket to financial freedom! But if you're going to make a go of it, you should keep these five essentials in mind:
Research what's selling and what it's selling for: Check with your country's embassy in the country where you are hoping to export or import. They should have a good idea about what products are in demand. From here, you can use the available information to help you in the next step, which is:
Locate a reputable supplier: This is perhaps the most important obstacle you will face in setting up shop for a successful export-import business. Having good business partnerships means that you will be in a better position to pass cost savings along to potential customers. Taking this portion of building your own import-export business for granted may spell doom for your company.
Obtain a letter of credit: You will need a form of payment that you can trust. While many business transactions are conducted with reputable payment systems such as Paypal, it is always safer to seek a letter of credit from a financial institution for the transfer of goods and services. A letter of credit is proof that products have been shipped and received in good faith, and that the funds are adequately transferred to the necessary parties.
Look for and show transparency in your business relationship: Transparency, like in a marriage, is a great way to build trust. And while trust is somewhat of an intangible when it comes to any kind of relationship, it is vital to your success. You should both strive to be "see-through" about the way you do business. Back up what you say. Be honest and upfront about every aspect of your business transactions as well as what sells best, and what products to shy away from and you will have a long-term bond of profitability rather than a quick buck that doesn't last.
Stand by your products: In every export-import business, there comes a time when fulfillment is less than perfect. Whether the product is something tangible, or provided services, make sure you stand behind it. Be willing to put your money where your mouth is and deliver if expectations ever fall short. An export-import business is one of the best ways to make money in a troubled global economy. Put these essentials to work for you and avoid the doom and gloom!
Research what's selling and what it's selling for: Check with your country's embassy in the country where you are hoping to export or import. They should have a good idea about what products are in demand. From here, you can use the available information to help you in the next step, which is:
Locate a reputable supplier: This is perhaps the most important obstacle you will face in setting up shop for a successful export-import business. Having good business partnerships means that you will be in a better position to pass cost savings along to potential customers. Taking this portion of building your own import-export business for granted may spell doom for your company.
Obtain a letter of credit: You will need a form of payment that you can trust. While many business transactions are conducted with reputable payment systems such as Paypal, it is always safer to seek a letter of credit from a financial institution for the transfer of goods and services. A letter of credit is proof that products have been shipped and received in good faith, and that the funds are adequately transferred to the necessary parties.
Look for and show transparency in your business relationship: Transparency, like in a marriage, is a great way to build trust. And while trust is somewhat of an intangible when it comes to any kind of relationship, it is vital to your success. You should both strive to be "see-through" about the way you do business. Back up what you say. Be honest and upfront about every aspect of your business transactions as well as what sells best, and what products to shy away from and you will have a long-term bond of profitability rather than a quick buck that doesn't last.
Stand by your products: In every export-import business, there comes a time when fulfillment is less than perfect. Whether the product is something tangible, or provided services, make sure you stand behind it. Be willing to put your money where your mouth is and deliver if expectations ever fall short. An export-import business is one of the best ways to make money in a troubled global economy. Put these essentials to work for you and avoid the doom and gloom!
Procedures For Export Certification
What are the procedures for export certification? Can anyone apply for this certification? Essentially, anyone can apply for and receive an export certification approval if the proper procedures are followed. That is to say that anyone can obtain approval for a Class I or Class II product. Class three products can only be exported by the manufacturers FAA representative.
Product Classes Explained
Class I product - a complete aircraft, aircraft engine, or propeller.
Class II product - a major component of a Class I product (for example, wing, control surface, landing gear, etc.) whose failure would jeopardize the safety of a Class I product; or, any part, material, or appliance approved and manufactured under a TSO system in the "C" series.
Class III Product - any part or component that is not a Class I or II product, and includes standard parts (nuts, bolts, etc.) and minor assemblies whose failure would not jeopardize the safety of an aircraft.
Procedures
Procedures for export certification result in an export certificate of airworthiness being issued to the applicant. The form for this is FAA Form 8130-4. Once issued, it specifies that an aircraft meets specific criteria of airworthiness prior to being exported to a foreign country. This is only part of the procedure.
Before an aircraft can be accepted in a foreign country, the exporter must comply with any and all outlined and identified special import requirements.
The FAA must comply with these along with their own regulations. The importing country has the right to deny FAA exports if the special requirements are not fulfilled. If the product does not meet the above-specified special requirements, the exporter must obtain a written statement from the Civil Aviation Authority of that country stating they agree to the deviation from the requirements. For each application of Export Certificate of Airworthiness, this statement must be included. Not only that, but the items in question must also be listed in the Exceptions block of the Export Certificate of Airworthiness.
Agreements between the United States and other governments regarding the procedures for export certification and the acceptance of certain airworthiness approvals is outlined here, in the Bilateral Aviation Safety Agreements (BASA). Information is updated as quickly as possible on the FAA's website under the link Current BASA's.
A Few Important Things to Note
The FAA will not approve or issue an export worthiness application to a United States manufactured aircraft that is already in a foreign country unless it either has or can obtain a valid United States airworthiness certificate. In addition, the aircraft in question would have to meet the requirements of FAR 21.325.
The issuance date of a certificate of export airworthiness is based on the date the product was inspected by the FAA and found to comply with the specified requirements. The date the aircraft was deemed airworthy is often the same date.
Product Classes Explained
Class I product - a complete aircraft, aircraft engine, or propeller.
Class II product - a major component of a Class I product (for example, wing, control surface, landing gear, etc.) whose failure would jeopardize the safety of a Class I product; or, any part, material, or appliance approved and manufactured under a TSO system in the "C" series.
Class III Product - any part or component that is not a Class I or II product, and includes standard parts (nuts, bolts, etc.) and minor assemblies whose failure would not jeopardize the safety of an aircraft.
Procedures
Procedures for export certification result in an export certificate of airworthiness being issued to the applicant. The form for this is FAA Form 8130-4. Once issued, it specifies that an aircraft meets specific criteria of airworthiness prior to being exported to a foreign country. This is only part of the procedure.
Before an aircraft can be accepted in a foreign country, the exporter must comply with any and all outlined and identified special import requirements.
The FAA must comply with these along with their own regulations. The importing country has the right to deny FAA exports if the special requirements are not fulfilled. If the product does not meet the above-specified special requirements, the exporter must obtain a written statement from the Civil Aviation Authority of that country stating they agree to the deviation from the requirements. For each application of Export Certificate of Airworthiness, this statement must be included. Not only that, but the items in question must also be listed in the Exceptions block of the Export Certificate of Airworthiness.
Agreements between the United States and other governments regarding the procedures for export certification and the acceptance of certain airworthiness approvals is outlined here, in the Bilateral Aviation Safety Agreements (BASA). Information is updated as quickly as possible on the FAA's website under the link Current BASA's.
A Few Important Things to Note
The FAA will not approve or issue an export worthiness application to a United States manufactured aircraft that is already in a foreign country unless it either has or can obtain a valid United States airworthiness certificate. In addition, the aircraft in question would have to meet the requirements of FAR 21.325.
The issuance date of a certificate of export airworthiness is based on the date the product was inspected by the FAA and found to comply with the specified requirements. The date the aircraft was deemed airworthy is often the same date.
India Import and Export - Part I
India & ASEAN Trade Relations
The partnership between India and Association of South East Asian Nations (ASEAN) countries is a decade old. The ASEAN countries comprise of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. The best part being, trade between both India and ASEAN has been developing at a swift pace.
India reportedly is the sectoral dialogue partner of ASEAN since 1992. However, at the fifth ASEAN summit in Bangkok in 1995, India assumed the status of a full dialogue partner on popular demand. In fact India and ASEAN have been organizing summit level meetings on an annual basis since 2002.
In additions, Free Trade Agreement (FTA) was inked by India and ASEAN countries in August 2009 in Bangkok.
The Union Minister of Commerce and Industry, Mr Anand Sharma, signed the ASEAN-India Free Trade Agreement in Goods with ASEAN economic Ministers for common economic gains.
As per ASEAN-INDIA FTA, the ASEAN member countries and India will do away with at least 80 percent of import tariffs between 2013 and 2016, commencing from January 1, 2010.
Also, tariffs on sensitive products will be brought down by 5 per cent in 2016, while tariffs will remain as it is for around 489 items of sensitive products.
Trade
ASEAN is India's 4th largest trading partner after the EU, US and China. Indo-ASEAN trade relations have been scaling up at a compounded annual growth rate of 27 percent since 2000. In 2007-08, the trade stood at US$38.37 billion. In the last financial year, it was over US$ 40 billion. By 2010 India and ASEAN plan to achieve an ambitious target of US$ 50 billion.
Singapore
India and Singapore enjoy good trade relations. Besides, the country is considered to be a getaway to ASEAN and china. The signing of the Comprehensive Economic Cooperation Agreement in 2005 has provided a fresh impetus to trade relations between the two nations. The Singapore companies to a greater extent have started engaging themselves in infrastructure and real estate projects in India and even have been looking forward to associate with logistics and communication sector, healthcare, education and training, retail and the automotive sectors.
They are also embarking onto developmental and planning projects like roads, ports, airports, power and telecom sector.
India's major exports to Singapore
Crudes, Parts & Accessories Of Automatic Data Processing Machines, Automatic Data Processing Input And Output Units, Motor Spirit Refined Premium Leaded, Styrene, Automatic Data Processing Storage Units, Other Monolithic Integrated Circuits, P-Xylene, Monolithic Digital Integrated Circuits, Radio Transmission Apparatus with Reception Apparatus.
India's major imports from Singapore
Non-Industrial Diamonds Worked, Topped Crudes, Motor Spirit Refined Premium Leaded, Aluminium Unwrought, Benzene, Articles Of Jewellery Of Other Precious Metal Whether Or not Plated Or Clad With Precious Metal, Other Medicaments Packed For Retail Sale, Parts Of Boring Or Sinking Machinery, Static Converters, Other Medical Surgical Dental Or Veterinary Instruments & Appliances
Malaysia
India-Malaysia trade relations have witnessed exponential growth since 1991. Malaysia's largest trading partner is India, while Malaysia is India's second largest trading partner in the Association of South East Asian Nations (ASEAN).
India's major exports to Malaysia: Meat and meat preparations, sugar, rice (other than basmati), wheat, fresh vegetables and fruits, cotton yarn, RMG cotton and accessories, primary and semi-finished iron, made-ups, fabrics, machinery and instruments, electronic goods and metal manufactures.
India's major Imports from Malaysia: Crude Petroleum, Palm Oil, Electronic & Electrical products, Chemicals & Chemical products and Petroleum products.
Myanmar
The bilateral trade between India and Myanmar is likely to clock $1 billion in 2009-10, up from $951 million in 2008-09.
India's imports from Myanmar: While teak, timber, maize and pulses
India's major exports to Myanmar: Steel, cement, fertiliser and pharmaceuticals
Indonesia
India and Indonesia are considered as Asia's largest democracies. However, it is only after a gap of five years both the countries came together for trade relations. The last time both the countries entered into a trade relationship was in 1950s. Right through 2009, both countries got engaged in putting up numerous seminars, exhibitions, festivals and top visits to build bilateral relations.
In 2008-09 India exported goods worth US$ 1.82 billion to Indonesia.
India's major exports to Indonesia - organic chemicals, mineral fuels and ships and boats.
India and Indonesia have entered into a memorandum of understanding (MoU) for collaboration in the field of agriculture and allied sectors.
Thailand
Mutual trade between the two countries clocked US$4.11 billion in 2007-08 as opposed to US$ 3.18 billion in 2006-07. In between April-December 2008-09 India exported goods worth US$ 1.44 billion to Thailand. The sectors in India that have seen Thai investment in the areas of hotel & tourism, food processing, trading and chemicals.
India- Thailand is targeting US$ 10 billion bilateral trade in 2010.
Vietnam
The bilateral trade between the two countries remains "modest", with the trade balance being in India's favour. Bilateral trade clocked US$ 1.77 billion in 2007-08 from US$ 1.14 billion in 2006-07. From April-December 2008-09, India's exports to Vietnam was worth almost US$ 1.13 billion.
India's major imports from Vietnam: Pepper, rubber, computer hardware and electronic products, cinnamon bark and spices, and garments and textile products.
The key areas where Indian exports could make an impact in the Vietnamese market include information technology (IT) and IT training, agro and food processing, railways, energy and alternate energy, veterinary manufacturing plant, tea processing machinery, textile machinery, and power transmission and generation.
Philippines
The trade between India and Philippines was worth US$ 823.69 million in 2007-08. During the period between April-December 2008-09, India exported goods worth US$574.22 million to Philippines. India' major exports to Philippines: Frozen buffalo meat; rubber and articles thereof; oil seeds and olea etc.; vehicles; iron and steel; residues and waste from food industries; tobacco; pharmaceutical products.
India's major imports from Philippines: Electrical and electronic machinery and equipment; iron and steel; machinery; vehicles; auto components, newsprint paper and paperboard; animal or vegetable fats and oils; organic chemicals.
Cambodia
In 2007-08, the trade between the two countries stood at US$56.32 billion in 2007-08.
IN April-December 2008-09, India exported goods worth US$ 35.94 million.
India's major exports to Cambodia - pharmaceuticals, coffee, tea, spices and cotton.
The partnership between India and Association of South East Asian Nations (ASEAN) countries is a decade old. The ASEAN countries comprise of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. The best part being, trade between both India and ASEAN has been developing at a swift pace.
India reportedly is the sectoral dialogue partner of ASEAN since 1992. However, at the fifth ASEAN summit in Bangkok in 1995, India assumed the status of a full dialogue partner on popular demand. In fact India and ASEAN have been organizing summit level meetings on an annual basis since 2002.
In additions, Free Trade Agreement (FTA) was inked by India and ASEAN countries in August 2009 in Bangkok.
The Union Minister of Commerce and Industry, Mr Anand Sharma, signed the ASEAN-India Free Trade Agreement in Goods with ASEAN economic Ministers for common economic gains.
As per ASEAN-INDIA FTA, the ASEAN member countries and India will do away with at least 80 percent of import tariffs between 2013 and 2016, commencing from January 1, 2010.
Also, tariffs on sensitive products will be brought down by 5 per cent in 2016, while tariffs will remain as it is for around 489 items of sensitive products.
Trade
ASEAN is India's 4th largest trading partner after the EU, US and China. Indo-ASEAN trade relations have been scaling up at a compounded annual growth rate of 27 percent since 2000. In 2007-08, the trade stood at US$38.37 billion. In the last financial year, it was over US$ 40 billion. By 2010 India and ASEAN plan to achieve an ambitious target of US$ 50 billion.
Singapore
India and Singapore enjoy good trade relations. Besides, the country is considered to be a getaway to ASEAN and china. The signing of the Comprehensive Economic Cooperation Agreement in 2005 has provided a fresh impetus to trade relations between the two nations. The Singapore companies to a greater extent have started engaging themselves in infrastructure and real estate projects in India and even have been looking forward to associate with logistics and communication sector, healthcare, education and training, retail and the automotive sectors.
They are also embarking onto developmental and planning projects like roads, ports, airports, power and telecom sector.
India's major exports to Singapore
Crudes, Parts & Accessories Of Automatic Data Processing Machines, Automatic Data Processing Input And Output Units, Motor Spirit Refined Premium Leaded, Styrene, Automatic Data Processing Storage Units, Other Monolithic Integrated Circuits, P-Xylene, Monolithic Digital Integrated Circuits, Radio Transmission Apparatus with Reception Apparatus.
India's major imports from Singapore
Non-Industrial Diamonds Worked, Topped Crudes, Motor Spirit Refined Premium Leaded, Aluminium Unwrought, Benzene, Articles Of Jewellery Of Other Precious Metal Whether Or not Plated Or Clad With Precious Metal, Other Medicaments Packed For Retail Sale, Parts Of Boring Or Sinking Machinery, Static Converters, Other Medical Surgical Dental Or Veterinary Instruments & Appliances
Malaysia
India-Malaysia trade relations have witnessed exponential growth since 1991. Malaysia's largest trading partner is India, while Malaysia is India's second largest trading partner in the Association of South East Asian Nations (ASEAN).
India's major exports to Malaysia: Meat and meat preparations, sugar, rice (other than basmati), wheat, fresh vegetables and fruits, cotton yarn, RMG cotton and accessories, primary and semi-finished iron, made-ups, fabrics, machinery and instruments, electronic goods and metal manufactures.
India's major Imports from Malaysia: Crude Petroleum, Palm Oil, Electronic & Electrical products, Chemicals & Chemical products and Petroleum products.
Myanmar
The bilateral trade between India and Myanmar is likely to clock $1 billion in 2009-10, up from $951 million in 2008-09.
India's imports from Myanmar: While teak, timber, maize and pulses
India's major exports to Myanmar: Steel, cement, fertiliser and pharmaceuticals
Indonesia
India and Indonesia are considered as Asia's largest democracies. However, it is only after a gap of five years both the countries came together for trade relations. The last time both the countries entered into a trade relationship was in 1950s. Right through 2009, both countries got engaged in putting up numerous seminars, exhibitions, festivals and top visits to build bilateral relations.
In 2008-09 India exported goods worth US$ 1.82 billion to Indonesia.
India's major exports to Indonesia - organic chemicals, mineral fuels and ships and boats.
India and Indonesia have entered into a memorandum of understanding (MoU) for collaboration in the field of agriculture and allied sectors.
Thailand
Mutual trade between the two countries clocked US$4.11 billion in 2007-08 as opposed to US$ 3.18 billion in 2006-07. In between April-December 2008-09 India exported goods worth US$ 1.44 billion to Thailand. The sectors in India that have seen Thai investment in the areas of hotel & tourism, food processing, trading and chemicals.
India- Thailand is targeting US$ 10 billion bilateral trade in 2010.
Vietnam
The bilateral trade between the two countries remains "modest", with the trade balance being in India's favour. Bilateral trade clocked US$ 1.77 billion in 2007-08 from US$ 1.14 billion in 2006-07. From April-December 2008-09, India's exports to Vietnam was worth almost US$ 1.13 billion.
India's major imports from Vietnam: Pepper, rubber, computer hardware and electronic products, cinnamon bark and spices, and garments and textile products.
The key areas where Indian exports could make an impact in the Vietnamese market include information technology (IT) and IT training, agro and food processing, railways, energy and alternate energy, veterinary manufacturing plant, tea processing machinery, textile machinery, and power transmission and generation.
Philippines
The trade between India and Philippines was worth US$ 823.69 million in 2007-08. During the period between April-December 2008-09, India exported goods worth US$574.22 million to Philippines. India' major exports to Philippines: Frozen buffalo meat; rubber and articles thereof; oil seeds and olea etc.; vehicles; iron and steel; residues and waste from food industries; tobacco; pharmaceutical products.
India's major imports from Philippines: Electrical and electronic machinery and equipment; iron and steel; machinery; vehicles; auto components, newsprint paper and paperboard; animal or vegetable fats and oils; organic chemicals.
Cambodia
In 2007-08, the trade between the two countries stood at US$56.32 billion in 2007-08.
IN April-December 2008-09, India exported goods worth US$ 35.94 million.
India's major exports to Cambodia - pharmaceuticals, coffee, tea, spices and cotton.
How to Start a Successful Import Business Using the Internet
The Internet has opened up a whole new era of business
opportunities. Falling trade barriers combining with easy access
to trade information thanks to the Internet have created dramatic
possibilities and sparked the growth of global online trade in
virtually every area.
Many companies are taking advantage of electronic media quite
aggressively by making new contacts, tapping into new markets
and reducing costs with the help of online technologies.
Whether you are starting a new import business or planning to
expand your existing business, you too can use the Internet as
your primary channel for getting information, sourcing products
or services, finding suppliers and doing your marketing.
Before the Internet era, finding a viable product for importing
was not an easy job! Trade shows and traveling to foreign lands
were the two best options available for getting hands on
information on a product and its supplier. Today, required
information on any conceivable product from virtually any market
is available at your finger tips.
Finding a product
If you know what you are planning to import, a substantial work
is already done! Otherwise, your first step is to choose a
feasible product or service to import. Whether you are planning
to import a general merchandize or an industry-specific product,
do your homework right.
opportunities. Falling trade barriers combining with easy access
to trade information thanks to the Internet have created dramatic
possibilities and sparked the growth of global online trade in
virtually every area.
Many companies are taking advantage of electronic media quite
aggressively by making new contacts, tapping into new markets
and reducing costs with the help of online technologies.
Whether you are starting a new import business or planning to
expand your existing business, you too can use the Internet as
your primary channel for getting information, sourcing products
or services, finding suppliers and doing your marketing.
Before the Internet era, finding a viable product for importing
was not an easy job! Trade shows and traveling to foreign lands
were the two best options available for getting hands on
information on a product and its supplier. Today, required
information on any conceivable product from virtually any market
is available at your finger tips.
Finding a product
If you know what you are planning to import, a substantial work
is already done! Otherwise, your first step is to choose a
feasible product or service to import. Whether you are planning
to import a general merchandize or an industry-specific product,
do your homework right.
UK Import
The UK import market is big business. Before you start it is always a good idea to conduct thorough research! A good place to start is the HM Revenue website here you will find many links and advice via its tradelink partners; there is also a very good starters pack/guide to the UK Import business. On the HM Revenue website you will find very informative articles about the downfalls that can be gained from importing if a strategic import plan is not put together, some areas covered are: Classifying your goods, the European Union, procedures and electronic systems, a guide to import and export, reliefs and exemptions, reporting and documentary requirements and the Tariff.
Another point to remember is that you must always research your suppliers throughly cross reference their names by using Google and other related search engines. I once used a supplier in my early career in importing and I bought some ipods which I thought were genuine apple ipods, I must have been mad considering 90 percent of the worlds fakes come from China. My products turned badly designed copies in photocopied boxes straight away I had lost £1000 and I was even shown the originals online via webcam and a dated newspaper in photos, so yes I was ripped off.
Remember to order samples and do not go and invest £1000s of pounds in unknown products from an unused supplier. For every bad Chinese supplier there is a good one so have faith and research, research and more research to find the ideal supplier.
Another point to remember is that you must always research your suppliers throughly cross reference their names by using Google and other related search engines. I once used a supplier in my early career in importing and I bought some ipods which I thought were genuine apple ipods, I must have been mad considering 90 percent of the worlds fakes come from China. My products turned badly designed copies in photocopied boxes straight away I had lost £1000 and I was even shown the originals online via webcam and a dated newspaper in photos, so yes I was ripped off.
Remember to order samples and do not go and invest £1000s of pounds in unknown products from an unused supplier. For every bad Chinese supplier there is a good one so have faith and research, research and more research to find the ideal supplier.
Business Directories - Finding Your Way
Are you looking for an opening to the new global avenues for your business? Do you need to interact with thousands of similar companies and your associates? Do you require listing your business and starting receiving export import trade enquiries? If your answer to these is a YES, "A Business Directory" is your one stop solution. Thinking of a business directory the name that pops up in most of our mind is the Yellow Pages. The Indian Yellow Pages is India's largest & fastest growing online "Business to Business Directory" that brings the world's best solution of trade. It helps us in easily locating and browsing the categorized company listings for our products and services. This platform provides the golden opportunity to Indian manufacturers, exporters and wholesalers to reach their domestic as well as international clients. Precisely, this gives us a fair idea of what exactly a "Business Directory" is.
Browsing a business directory page exposes us to a cluster of information right from the Manufacturers, Exporters and Suppliers, to Service Providers and Industry Verticals. In India, the B2B directories have moved on to create a wide plethora of opportunities and contacts among the Indian manufacturers, suppliers, wholesalers and exporters. These B2B directories contain one of the most enormous and exceptional database of well known Manufacturers, Suppliers and Exporters. Serving the role of a one stop destination for any type of requirements; these business directories serve as massive amount of Trade Leads and Knowledge Pool to successfully satisfy any type of specific need that might be there.
The online business directories also help in creating a platform for the SMEs; the small medium enterprises which look forward to create a niche of their own. The B2B directories in this category ensure maximum opportunities and partnerships that promise to take them to unprecedented scales of growth and success. Thus, we find that these business directories not only prove helpful to the already established market players in the sector of manufacturing, export and supply, but, also help in building a network, and hence a market, for the upcoming small and medium business enterprises. The Indian SMEs house a major opportunity in the fields of pharmaceuticals, leather, textile, paper, telecommunications, food processing to name a few. Therefore, a helping hand in the form of these business directories will always provide them with a support in their endeavor to succeed amidst their competitors within and outside their geographical boundaries.
Browsing a business directory page exposes us to a cluster of information right from the Manufacturers, Exporters and Suppliers, to Service Providers and Industry Verticals. In India, the B2B directories have moved on to create a wide plethora of opportunities and contacts among the Indian manufacturers, suppliers, wholesalers and exporters. These B2B directories contain one of the most enormous and exceptional database of well known Manufacturers, Suppliers and Exporters. Serving the role of a one stop destination for any type of requirements; these business directories serve as massive amount of Trade Leads and Knowledge Pool to successfully satisfy any type of specific need that might be there.
The online business directories also help in creating a platform for the SMEs; the small medium enterprises which look forward to create a niche of their own. The B2B directories in this category ensure maximum opportunities and partnerships that promise to take them to unprecedented scales of growth and success. Thus, we find that these business directories not only prove helpful to the already established market players in the sector of manufacturing, export and supply, but, also help in building a network, and hence a market, for the upcoming small and medium business enterprises. The Indian SMEs house a major opportunity in the fields of pharmaceuticals, leather, textile, paper, telecommunications, food processing to name a few. Therefore, a helping hand in the form of these business directories will always provide them with a support in their endeavor to succeed amidst their competitors within and outside their geographical boundaries.
Is it Legal to Import Brand Name Merchandise From China?
With all the business education you can find today with just the click of a mouse, I am still amazed at some of the unrealistic expectations people have when it comes to product sourcing. Those who have chosen product marketing as a business model are naively under the impression that most wholesale suppliers will be able to provide them with just about any popular retail product, affordable to them at any price. Reality, however, always seems to get in the way of our ideals. Most current, in vogue, branded merchandise usually have restrictions on the way it is distributed. For example, LV Handbags are never sold "wholesale to the public", or to just anyone who has a resale certificate. And while there are exceptions, you will never see too many "half off" sales of Louis Vuitton Handbags even at the retail level.
In addition, unsold inventory is not passed along to wholesalers or the secondary surplus market. Excess product that is damaged, is sent to their corporate service centers to be repaired. What cannot be sold or repaired is destroyed. In terms of online retail sales, the only web portal that markets LV handbags is Eluxury.com. Moet Hennessey, one of the leading luxury products group owns Eluxury.com as well as the rights to sell a number of additional products under the Louis Vuitton monique. Moet Hennessey also owns most over the counter retail stores that distribute Louis Vuitton merchandise. Not all brands are as restrictive, but some corporate buying policies can still provide barriers to entry in different ways.
Both Nike and Reebok do not confine the sale of their product to wholly owned corporate retail, or online stores. They distribute their brands to retail giants like Footlocker and will supply most independent clothing or sporting goods stores if they have the infrastructure and the funding to meet their monthly, or yearly purchasing minimums. Most small business start-ups do not have the finances to endure the costs of carrying popular branded merchandise. However, a limited amount of Nike and Reebok merchandise can find their way into the secondary surplus and wholesale market. But, that is mostly shoe or sneaker products that maybe one to two years out of style. You will never find current Nike or Reebok sneaker styles being carried by any wholesale distributor.
Despite some of the strict purchasing obstacles that corporations can provide, it does not prevent some people from giving up on the search for the branded merchandise of their choice. Some will try to bypass a company's wholesale distribution chain or corporate purchasing restrictions by searching for the original equipment manufacturer. Since most popular retail clothing, apparel, sneakers, and electronics are manufactured overseas, the ever-vigilant Entrepreneur will usually turn to importing as means of securing items that have popular retail status here in the United States.
Take for instance Shenzhen, China. In Shenzhen, there is an enclosed shopping mall called Luohu Commercial City. The mall is six stories tall and sells a wide range of items, including handbags, brand name clothes, shoes, audio-visual products, souvenirs, and digital video discs. All can be had for a price that is about half to one third of what you would pay here in the United States. Some DVD's can be purchased for four Hong Kong dollars, which translates to fifty cents in United States currency.
The biggest problem with all of the merchants selling their wares within this megaplex of retail activity is the undeniable fact that most of it is counterfeit. And, like the never ending parade of fakery that is part of the Luohu retail environment, finding your way to the authentic manufacturer or wholesale distributor of a particular branded item is like searching for the proverbial needle in a haystack.
Paperwork, does not make it authentic! There is a prevailing wisdom among some brand seekers that receiving a certificate of authenticity from a brand name overseas manufacturer will provide assurance that the article is genuine. Supplying paperwork to overseas customers as "proof of purchase" for branded merchandise is basically a fallacy. Any labels, tags, paperwork, or certificates of authenticity that assures the buyer of brand certainty can be faked right along with the product itself. The only individual or businesses that are required to have proof of authenticity, are those who are authorized to resell the branded item, or the original equipment manufacturer (OEM), of the brand in question.
If there is a legal challenge to the authenticity of the product they are selling, then paperwork can be provided to confirm that they are legally sanctioned to sell or manufacture a particular brand name product. To my knowledge, no wholesale supplier of brand name merchandise, either overseas, or in the United States, will offer their customers paperwork stating proof of authenticity. The proliferation of counterfeit items within the People' Republic is staggering. The replication industry in China, as well as other Asian countries rely on the production of counterfeit merchandise and has become an industrial staple. It is estimated that 8.5 % of the Chinese GNP involves the production of counterfeit merchandise.
In addition, if you are thinking about importing brand name merchandise through online trading forums such as Alibaba.com and EcEurope.com, than I have some less than encouraging news for you. A majority of the trades leads on both forums require extensive research and a working knowledge of the importing business before you ever think about doing business with any of the listed companies. However, I don't want to be totally negative about trade lead forums. I think that they serve their purpose in terms of finding leads for non-branded general merchandise, manufacturer leads, and industrial equipment purchases. But, I would be very skeptical of anyone who presented themselves as the original wholesaler or manufacturer of American brand name merchandise.
Trying to forge a relationship with someone who claims to have the genuine article can also be a financially dangerous endeavor. Most overseas business to business suppliers require payment in the form of wire transfer or telegraphic transfer (T/T). The purchasing minimum that some suppliers ask for is a shipping container load of merchandise. Wiring cash into an overseas business account can be a recipe for disaster. Once the money leaves your account it is gone forever. If the seller does not deliver, you basically have no legal recourse in terms of getting your money back. The only way to recoup any funds would be for the seller to rewire the cash back into your account. You are basically at the mercy of the supplier.
The bottom line is this. If you want products like Nike Air Jordan, you have to go to Nike and find out how to purchase their products. The same is true with just about any name brand merchandise you want to buy. If you cannot afford a particular product, well, then sell a non-branded item. There are plenty of product niches out there that you can explore. With that being said, I am not the last word when it comes to importing brand name merchandise. Please do your homework and consult the appropriate legal, business and import-export resources.
In addition, unsold inventory is not passed along to wholesalers or the secondary surplus market. Excess product that is damaged, is sent to their corporate service centers to be repaired. What cannot be sold or repaired is destroyed. In terms of online retail sales, the only web portal that markets LV handbags is Eluxury.com. Moet Hennessey, one of the leading luxury products group owns Eluxury.com as well as the rights to sell a number of additional products under the Louis Vuitton monique. Moet Hennessey also owns most over the counter retail stores that distribute Louis Vuitton merchandise. Not all brands are as restrictive, but some corporate buying policies can still provide barriers to entry in different ways.
Both Nike and Reebok do not confine the sale of their product to wholly owned corporate retail, or online stores. They distribute their brands to retail giants like Footlocker and will supply most independent clothing or sporting goods stores if they have the infrastructure and the funding to meet their monthly, or yearly purchasing minimums. Most small business start-ups do not have the finances to endure the costs of carrying popular branded merchandise. However, a limited amount of Nike and Reebok merchandise can find their way into the secondary surplus and wholesale market. But, that is mostly shoe or sneaker products that maybe one to two years out of style. You will never find current Nike or Reebok sneaker styles being carried by any wholesale distributor.
Despite some of the strict purchasing obstacles that corporations can provide, it does not prevent some people from giving up on the search for the branded merchandise of their choice. Some will try to bypass a company's wholesale distribution chain or corporate purchasing restrictions by searching for the original equipment manufacturer. Since most popular retail clothing, apparel, sneakers, and electronics are manufactured overseas, the ever-vigilant Entrepreneur will usually turn to importing as means of securing items that have popular retail status here in the United States.
Take for instance Shenzhen, China. In Shenzhen, there is an enclosed shopping mall called Luohu Commercial City. The mall is six stories tall and sells a wide range of items, including handbags, brand name clothes, shoes, audio-visual products, souvenirs, and digital video discs. All can be had for a price that is about half to one third of what you would pay here in the United States. Some DVD's can be purchased for four Hong Kong dollars, which translates to fifty cents in United States currency.
The biggest problem with all of the merchants selling their wares within this megaplex of retail activity is the undeniable fact that most of it is counterfeit. And, like the never ending parade of fakery that is part of the Luohu retail environment, finding your way to the authentic manufacturer or wholesale distributor of a particular branded item is like searching for the proverbial needle in a haystack.
Paperwork, does not make it authentic! There is a prevailing wisdom among some brand seekers that receiving a certificate of authenticity from a brand name overseas manufacturer will provide assurance that the article is genuine. Supplying paperwork to overseas customers as "proof of purchase" for branded merchandise is basically a fallacy. Any labels, tags, paperwork, or certificates of authenticity that assures the buyer of brand certainty can be faked right along with the product itself. The only individual or businesses that are required to have proof of authenticity, are those who are authorized to resell the branded item, or the original equipment manufacturer (OEM), of the brand in question.
If there is a legal challenge to the authenticity of the product they are selling, then paperwork can be provided to confirm that they are legally sanctioned to sell or manufacture a particular brand name product. To my knowledge, no wholesale supplier of brand name merchandise, either overseas, or in the United States, will offer their customers paperwork stating proof of authenticity. The proliferation of counterfeit items within the People' Republic is staggering. The replication industry in China, as well as other Asian countries rely on the production of counterfeit merchandise and has become an industrial staple. It is estimated that 8.5 % of the Chinese GNP involves the production of counterfeit merchandise.
In addition, if you are thinking about importing brand name merchandise through online trading forums such as Alibaba.com and EcEurope.com, than I have some less than encouraging news for you. A majority of the trades leads on both forums require extensive research and a working knowledge of the importing business before you ever think about doing business with any of the listed companies. However, I don't want to be totally negative about trade lead forums. I think that they serve their purpose in terms of finding leads for non-branded general merchandise, manufacturer leads, and industrial equipment purchases. But, I would be very skeptical of anyone who presented themselves as the original wholesaler or manufacturer of American brand name merchandise.
Trying to forge a relationship with someone who claims to have the genuine article can also be a financially dangerous endeavor. Most overseas business to business suppliers require payment in the form of wire transfer or telegraphic transfer (T/T). The purchasing minimum that some suppliers ask for is a shipping container load of merchandise. Wiring cash into an overseas business account can be a recipe for disaster. Once the money leaves your account it is gone forever. If the seller does not deliver, you basically have no legal recourse in terms of getting your money back. The only way to recoup any funds would be for the seller to rewire the cash back into your account. You are basically at the mercy of the supplier.
The bottom line is this. If you want products like Nike Air Jordan, you have to go to Nike and find out how to purchase their products. The same is true with just about any name brand merchandise you want to buy. If you cannot afford a particular product, well, then sell a non-branded item. There are plenty of product niches out there that you can explore. With that being said, I am not the last word when it comes to importing brand name merchandise. Please do your homework and consult the appropriate legal, business and import-export resources.
Developing Import Strategy
There are two basic types of imports: Intra-company imports (these provide intermediate goods and services to companies that are part of the firm's global supply chain) and imports that provide industrial and consumer goods and services to individuals and companies that are not related to the exporter. There are three basic types of importers:
o Those that are looking for any product around the world that they can import and sell domestically.
o Those that are looking at foreign sourcing to get their products at the cheapest price.
o Those that use foreign sourcing as part of their global supply chain.
The Role of Customs Agencies:
When importing goods into any country, a company must be totally familiar with the customs operations of the importing country. A broker or other import consultant can help an importer minimize costs and delays.
Documentation:
The importer must possess and file specific documents in order to take possession of imported goods when they arrive at their destination country. The specific documents customs require vary by country, but include an entry manifest, commercial invoice, and packing list.
THIRD-PARTY INTERMEDIARIES:
Third-party intermediaries are used by both exporters and importers. They are companies unrelated to the importer or exporter whose purpose is to facilitate trade.
Direct Selling:
Direct selling is when an exporter sells through sales representatives, to distributors, to foreign retailers, or to final end users.
Direct Exporting through the Internet and Electronic Commerce:
Electronic commerce is an important way for companies to export their products to end users. It is especially important for small and medium-sized enterprises (SMEs). Internet marketing is a direct form of marketing that is exploding in importance.
Indirect Selling:
In indirect selling, the exporter sells goods directly through an independent domestic intermediary in the exporter's home country that exports the products to foreign markets. The major types of indirect intermediaries are the export management company (EMC), the export trading company (ECT), export agents, merchants, remarket, and piggyback marketers.
Export Management Companies:
The EMC primarily obtains orders for its clients' products through the selection of appropriate markets, distribution channels, and promotion campaigns. The EMC may also take care of export documents, arrange transportation, set up patent and trademark protection in foreign countries, and assist in establishing alternative forms of doing business, such as licensing or joint ventures.
Export Trading Companies:
ETCs resemble EMCs, and the terms are often used interchangeably. ETCs are like independent distributors that match up buyers and sellers. Rather than representing a manufacturer, an ETC looks for as many manufacturers as it can find to supply overseas customers.
Non-U.S. Trading Companies:
Japan has the largest trading companies in the world. The sogo sosha (the Japanese equivalent of a trading company) can trace its roots back to the late nineteenth century. The Japanese trading companies are big in commodities.
Piggyback Exports:
Sometimes an exporter can use another exporter as an intermediary. For example, a company may agree to supply products to a foreign distributor even though it does not produce the entire range of products. Then it might look for other manufacturers to fill the gaps in the product line. In this way, the second manufacturer becomes an exporter indirectly by using the first exporter's distribution channels.
Foreign Freight Forwarders:
To assist in the transport of goods from one country to another, companies usually employ the services of a freight forwarder. A freight forwarder is an agent for the exporter in moving cargo to an overseas destination. Even export management companies and other types of trading companies often use the specialized services of foreign freight forwarders.
Documentation:
Freight forwarders also can help exporters fill out exporting documents. Of the many documents required, some of the most important are: pro forma invoice, commercial invoice, bill of lading, consular invoice, certificate of origin, shipper's export declaration, and export packing list.
o Those that are looking for any product around the world that they can import and sell domestically.
o Those that are looking at foreign sourcing to get their products at the cheapest price.
o Those that use foreign sourcing as part of their global supply chain.
The Role of Customs Agencies:
When importing goods into any country, a company must be totally familiar with the customs operations of the importing country. A broker or other import consultant can help an importer minimize costs and delays.
Documentation:
The importer must possess and file specific documents in order to take possession of imported goods when they arrive at their destination country. The specific documents customs require vary by country, but include an entry manifest, commercial invoice, and packing list.
THIRD-PARTY INTERMEDIARIES:
Third-party intermediaries are used by both exporters and importers. They are companies unrelated to the importer or exporter whose purpose is to facilitate trade.
Direct Selling:
Direct selling is when an exporter sells through sales representatives, to distributors, to foreign retailers, or to final end users.
Direct Exporting through the Internet and Electronic Commerce:
Electronic commerce is an important way for companies to export their products to end users. It is especially important for small and medium-sized enterprises (SMEs). Internet marketing is a direct form of marketing that is exploding in importance.
Indirect Selling:
In indirect selling, the exporter sells goods directly through an independent domestic intermediary in the exporter's home country that exports the products to foreign markets. The major types of indirect intermediaries are the export management company (EMC), the export trading company (ECT), export agents, merchants, remarket, and piggyback marketers.
Export Management Companies:
The EMC primarily obtains orders for its clients' products through the selection of appropriate markets, distribution channels, and promotion campaigns. The EMC may also take care of export documents, arrange transportation, set up patent and trademark protection in foreign countries, and assist in establishing alternative forms of doing business, such as licensing or joint ventures.
Export Trading Companies:
ETCs resemble EMCs, and the terms are often used interchangeably. ETCs are like independent distributors that match up buyers and sellers. Rather than representing a manufacturer, an ETC looks for as many manufacturers as it can find to supply overseas customers.
Non-U.S. Trading Companies:
Japan has the largest trading companies in the world. The sogo sosha (the Japanese equivalent of a trading company) can trace its roots back to the late nineteenth century. The Japanese trading companies are big in commodities.
Piggyback Exports:
Sometimes an exporter can use another exporter as an intermediary. For example, a company may agree to supply products to a foreign distributor even though it does not produce the entire range of products. Then it might look for other manufacturers to fill the gaps in the product line. In this way, the second manufacturer becomes an exporter indirectly by using the first exporter's distribution channels.
Foreign Freight Forwarders:
To assist in the transport of goods from one country to another, companies usually employ the services of a freight forwarder. A freight forwarder is an agent for the exporter in moving cargo to an overseas destination. Even export management companies and other types of trading companies often use the specialized services of foreign freight forwarders.
Documentation:
Freight forwarders also can help exporters fill out exporting documents. Of the many documents required, some of the most important are: pro forma invoice, commercial invoice, bill of lading, consular invoice, certificate of origin, shipper's export declaration, and export packing list.
Popularize Your Business to Become Multi-Millionaires!
Everyone starts a business with high dreams of becoming big shots in the field. Most people who had started in this field would usually stagnate at one standard point, where their profit levels just remain a constant value every year. This is the point where people realize that they become like many other business men. Even though, they are successful, it becomes a daunting task to become a millionaire in this field. Let us see what is required to get an upper hand over the rest of the traders.
Increase the scope of the business dealers
The trading of the products in the market cannot be done alone. It requires some sort of buyers for your products. The buyers could be either other traders or it could be common man. Most often high profits are attained only from those traders who purchase the products in bulk. Other business dealers are those people who readily buy tonnes of your products, in order to circulate the product in the market to gain higher profits than the initial amount invested. In trading, the higher the number of people with whom the sales is done, the higher is the profit. But, most traders do not find enough dealers for trading. The number of the fellow dealers stagnates after a point. This stagnation happens because of lack of contacts with people in the trading world.
Once, the number of marketers of commodities becomes constant, the profit attained from the sales also remains constant. For this purpose, many people look forward to make their companies even more popular. When a firm/company is made popular, a lot more people come in seek of the services provided. This would naturally increase the overall business for the firm. When a firm becomes famous, the business contacts also increases accordingly. The increase in contacts would bring a raise in the sales of the commodities that are being sold by the company. With a constant increase in contacts, the firm starts to make a higher turnover. With time, it could easily make millions effortlessly
Increase the scope of the business dealers
The trading of the products in the market cannot be done alone. It requires some sort of buyers for your products. The buyers could be either other traders or it could be common man. Most often high profits are attained only from those traders who purchase the products in bulk. Other business dealers are those people who readily buy tonnes of your products, in order to circulate the product in the market to gain higher profits than the initial amount invested. In trading, the higher the number of people with whom the sales is done, the higher is the profit. But, most traders do not find enough dealers for trading. The number of the fellow dealers stagnates after a point. This stagnation happens because of lack of contacts with people in the trading world.
Once, the number of marketers of commodities becomes constant, the profit attained from the sales also remains constant. For this purpose, many people look forward to make their companies even more popular. When a firm/company is made popular, a lot more people come in seek of the services provided. This would naturally increase the overall business for the firm. When a firm becomes famous, the business contacts also increases accordingly. The increase in contacts would bring a raise in the sales of the commodities that are being sold by the company. With a constant increase in contacts, the firm starts to make a higher turnover. With time, it could easily make millions effortlessly
Implications of the "Incoterms" in International Import & Export
Communication is crucial in international import & export, where both buyers and sellers are located a long way away, there's every chance of misunderstanding in the interpretation of various terms used in contracts and agreements. These confusions and misapprehensions can cost one or both parties, dearly. What sounds pretty simple and straight-forward to a buyer sitting in United States, could turn out to be a perplexing one for the seller in China.
This problem continued to exist and resulted in many mix-ups and losses until the International Chamber of Commerce set down "Incoterms", which is a set of 13 terms, referred as
1. EX-Works
2. FOB (Free On Board)
3. FCA (Free Carrier)
4. FAS (Free Alongside Ship)
5. CFR (Cost and Freight)
6. CIF (Cost, Insurance & Freight)
7. CPT (Carriage Paid to)
8. CIP (Carriage and Insurance Paid to)
9. DAF (Delivered at Frontier)
10. DES (Delivered Ex Ship)
11. DEQ (Delivered Ex Quay)
12. DDU (Delivered Duty Unpaid)
13. DDP (Delivered Duty Paid)
Businesses can choose any of these 13 terms according to their own needs and requirements. For example, "Ex-works" inflict the minimum liability for seller; on the other hand "Delivered Duty Paid" makes it obligatory for the seller to arrange for almost everything including export duty expenses, loading and unloading expenses, landing charges, transportation, insurance and custom clearance. Incoterms are not applicable to all aspects of trade, however they do standardize most of the terms used in international trade. For example, they spell out the terms of delivery in detail, and establish the responsibilities for buyers and sellers as to who will bear the expenses of insurance, clearance or various other taxes. Another important implication of "Incoterms" is the reduction (or removal) of uncertainty about the transfer of risk.
As an exporter or importer, you need to spend some time on understanding each of these 13 "Incoterms" and their explanations given on the official website of "International Chamber of Commerce". Each of them is an agreement in essence, with predetermined terms and condition, for that reason each of them has got different advantages and disadvantages. After a careful study, maybe you can underline the best ones and then stress on using that particular Incoterms when getting into an agreement with some buyer or seller. Incoterms are acknowledged all over the world (by courts, governments, etc); therefore a good comprehension of all of these terms is a must for all international exporters. Remember, ICC keep making minor changes (not very often though), it's important to keep a track of these modifications.
This problem continued to exist and resulted in many mix-ups and losses until the International Chamber of Commerce set down "Incoterms", which is a set of 13 terms, referred as
1. EX-Works
2. FOB (Free On Board)
3. FCA (Free Carrier)
4. FAS (Free Alongside Ship)
5. CFR (Cost and Freight)
6. CIF (Cost, Insurance & Freight)
7. CPT (Carriage Paid to)
8. CIP (Carriage and Insurance Paid to)
9. DAF (Delivered at Frontier)
10. DES (Delivered Ex Ship)
11. DEQ (Delivered Ex Quay)
12. DDU (Delivered Duty Unpaid)
13. DDP (Delivered Duty Paid)
Businesses can choose any of these 13 terms according to their own needs and requirements. For example, "Ex-works" inflict the minimum liability for seller; on the other hand "Delivered Duty Paid" makes it obligatory for the seller to arrange for almost everything including export duty expenses, loading and unloading expenses, landing charges, transportation, insurance and custom clearance. Incoterms are not applicable to all aspects of trade, however they do standardize most of the terms used in international trade. For example, they spell out the terms of delivery in detail, and establish the responsibilities for buyers and sellers as to who will bear the expenses of insurance, clearance or various other taxes. Another important implication of "Incoterms" is the reduction (or removal) of uncertainty about the transfer of risk.
As an exporter or importer, you need to spend some time on understanding each of these 13 "Incoterms" and their explanations given on the official website of "International Chamber of Commerce". Each of them is an agreement in essence, with predetermined terms and condition, for that reason each of them has got different advantages and disadvantages. After a careful study, maybe you can underline the best ones and then stress on using that particular Incoterms when getting into an agreement with some buyer or seller. Incoterms are acknowledged all over the world (by courts, governments, etc); therefore a good comprehension of all of these terms is a must for all international exporters. Remember, ICC keep making minor changes (not very often though), it's important to keep a track of these modifications.
How to Become a Successful Export Entrepreneur
International business is one of the oldest and the most dynamic forms of commerce. To be successful in this age old trade one has to have certain acumen, discipline along with know how that should be strictly followed for success - Accomplishment or success is then not only in terms of profitability but complete professional satisfaction as well.
To become a successful entrepreneur you need to be a passionate salesperson, a dynamic leader, an enthusiast at tracking shipments and should have a fine eye for invoice details. A keen eye for new market opportunities in terms of countries and products is sure to take you places.
It may be a smart idea to first work for an export firm since it will familiarize you with the industry before launching your very own business. You will learn the integrity of the trade and will have a background to support you. To be a successful entrepreneur one has to be smart and quick with ideas and decisions. Look for markets where your product is fairly new or if your product is already present in large quantities look for ideas that will attract international customers only to you.
It is extremely important to define your target customer. Know them thoroughly before you offer them your product- a good market research is advisable that will surely take you to new heights. Knowing the clients language will help you to connect better with them that will finally have a positive impact on your export business. Once the client and the products are narrowed down carve a specific niche for your self that is completely exclusive to your company. A niche is a unique angle that will set your firm apart from the hoard of other exporters. Always remember to acknowledge your clients and give them complete customer service before and after the business deal. This will win you over not only the present client but many more.
To become a successful entrepreneur you need to be a passionate salesperson, a dynamic leader, an enthusiast at tracking shipments and should have a fine eye for invoice details. A keen eye for new market opportunities in terms of countries and products is sure to take you places.
It may be a smart idea to first work for an export firm since it will familiarize you with the industry before launching your very own business. You will learn the integrity of the trade and will have a background to support you. To be a successful entrepreneur one has to be smart and quick with ideas and decisions. Look for markets where your product is fairly new or if your product is already present in large quantities look for ideas that will attract international customers only to you.
It is extremely important to define your target customer. Know them thoroughly before you offer them your product- a good market research is advisable that will surely take you to new heights. Knowing the clients language will help you to connect better with them that will finally have a positive impact on your export business. Once the client and the products are narrowed down carve a specific niche for your self that is completely exclusive to your company. A niche is a unique angle that will set your firm apart from the hoard of other exporters. Always remember to acknowledge your clients and give them complete customer service before and after the business deal. This will win you over not only the present client but many more.
How to Export Data With QuickBooks Integration For Zen Cart
Let's take a closer look at Export Wizard. To start working with QuickBooks you need to choose one of the available export options: Product Export to QuickBooks, Customer Export to QuickBooks and Orders Export to QuickBooks. Than Export wizard will guide you step-by-step through export setup process. These steps are quite alike for all export options.
Export Preview - enables you to filter data by different parameters. With filters and sorting you can rearrange products the way you want. Pay attention to the fact that filters will affect the result of export. Next thing you will have to do is set Import/Export Options: connect to your QuickBooks database, select the corresponding export method, taxes and product options. This step also enables you to select the type of entry you want to create: Inventory, Non Inventory, Service or Other Charge entries. Now you can also optionally update product quantity, export refunds and select time period (orders export).
The next step - Map Products/Customers/Orders from your store to the corresponding items from QuickBooks. You can do it either automatically or manually. This will help you to avoid duplicates. Please note that Export will start when you click the "Export" button. Check all the settings before you start Export.
Few seconds and you're done. Export is completed. The last step of Export Wizard will show detailed log: the list of created/modified items, exported products (customers, orders) list and errors if any took place. When export is completed you can check the results in QuickBooks.
QuickBooks Integration also enables you to Import products from QuickBooks straight to Zen Cart database. Import wizard is quite similar to Export. You have to select product import from the options available, set same Import/Export settings as in Export wizard, Preview Import data (use various filters and sorting to filter or rearrange records the way you want). The Import will start right after you click "Import" button. It's that simple. When the process is completed you can open the log to view details. Currently, we are also working to make customer and order import available for you.
Export Preview - enables you to filter data by different parameters. With filters and sorting you can rearrange products the way you want. Pay attention to the fact that filters will affect the result of export. Next thing you will have to do is set Import/Export Options: connect to your QuickBooks database, select the corresponding export method, taxes and product options. This step also enables you to select the type of entry you want to create: Inventory, Non Inventory, Service or Other Charge entries. Now you can also optionally update product quantity, export refunds and select time period (orders export).
The next step - Map Products/Customers/Orders from your store to the corresponding items from QuickBooks. You can do it either automatically or manually. This will help you to avoid duplicates. Please note that Export will start when you click the "Export" button. Check all the settings before you start Export.
Few seconds and you're done. Export is completed. The last step of Export Wizard will show detailed log: the list of created/modified items, exported products (customers, orders) list and errors if any took place. When export is completed you can check the results in QuickBooks.
QuickBooks Integration also enables you to Import products from QuickBooks straight to Zen Cart database. Import wizard is quite similar to Export. You have to select product import from the options available, set same Import/Export settings as in Export wizard, Preview Import data (use various filters and sorting to filter or rearrange records the way you want). The Import will start right after you click "Import" button. It's that simple. When the process is completed you can open the log to view details. Currently, we are also working to make customer and order import available for you.
Understanding the Basics of Foreign Trade and Exchange
Today we are living in a globalized world where it is possible to get any product virtually from anywhere in the world because of increased connectivity, communications and willingness to trade with other countries. Countries want to trade with each other because of the want of higher quality goods and services. Imports are those that a country seeks from others and exports are those which are sold to other countries.
It is not uncommon to wonder at how a foreign country acquires the currency of another country to buy its products. It is possible to buy the currency required in the international market of foreign exchange with its own currency based on the exchange rate. When a country produces more goods and services to export then more countries are in want of its currency to buy its goods and therefore its currency appreciates over that of others.
Trade is very important for the welfare of many nations because of the scarcity of resources to produce essential goods and services and also some countries may have excess resources but no market where the economy of that country depends on others to buy its goods. International trade also allows investors from other countries to set up factories in poor countries which are cash stripped and in need of employment.
The economics of trade indicates that everyone is better off doing trade rather than not doing trade. Suppose your school has Basket Ball and Foot ball teams where you have a choice to go for one or two of the teams. It would obviously be beneficial to choose the game which you can play efficiently and concentrate on that game rather than play both of them without good effort. It is best to leave the other game to the ones who are efficient to play that game and it makes the school effort better off than the previous choice of doing both yourselves. Take you and your friend as countries, your school as the world and the games as goods to be produced then you will have gotten an idea of importance and need of international trade.
It is not uncommon to wonder at how a foreign country acquires the currency of another country to buy its products. It is possible to buy the currency required in the international market of foreign exchange with its own currency based on the exchange rate. When a country produces more goods and services to export then more countries are in want of its currency to buy its goods and therefore its currency appreciates over that of others.
Trade is very important for the welfare of many nations because of the scarcity of resources to produce essential goods and services and also some countries may have excess resources but no market where the economy of that country depends on others to buy its goods. International trade also allows investors from other countries to set up factories in poor countries which are cash stripped and in need of employment.
The economics of trade indicates that everyone is better off doing trade rather than not doing trade. Suppose your school has Basket Ball and Foot ball teams where you have a choice to go for one or two of the teams. It would obviously be beneficial to choose the game which you can play efficiently and concentrate on that game rather than play both of them without good effort. It is best to leave the other game to the ones who are efficient to play that game and it makes the school effort better off than the previous choice of doing both yourselves. Take you and your friend as countries, your school as the world and the games as goods to be produced then you will have gotten an idea of importance and need of international trade.
Using an Export Import Directory to Increase Profits For Your Business
Many businesses have profited from the use of online import/export directories. Making your website a part of one of these is a good idea for numerous reasons, including the fact that it gives you the potential to increase profitability. Companies that are just starting out can especially benefit from these. By signing up on an international trade directory, you will have access to links which can offer you business opportunities with a number of large countries such as Germany, India, Japan, Brazil, and many more. Signing up on a directory like this is easy and doesn't take much time at all. You will be required to enter some basic information to start off, such as your website's URL, email, and the category which best describes what your business deals in, such as agriculture, fashion, computer hardware, etc.
It is crucial that you select the appropriate category, as there are many sub-categories to choose from. By taking the time to do this, you will dramatically increase your company's potential to make money and expand into other countries. Both larger and smaller businesses will want to consider this as a chance to get more recognition overseas and create international recognition for the products they are selling. Typically you will be able to choose from regular and premium links, depending on what you want specifically. Selecting the premium option will obviously be more expensive than the regular, however it is up to you which you choose. Keep in mind though that your decision will ultimately effect how much you get out of the directory.
With so many international import export trade options, it's really no wonder that so many companies are choosing to expand their options in terms of geographical location. By going through some of the different reviews and testimonials for these type of online trade directories, you will be able to get the reassurance you have been looking for as to whether or not it can really help a business. Most people write positively about their experience submitting a business website to a directory like this. Before making a final decision as to whether or not that is what you want to do, you'll need to read what other people like you have written.
Being on an export/import directory can help to boost the popularity and success of your business, and it has in fact worked for many people in the past. With so many different countries to choose from, the possibilities are almost endless. Reaching a wider market these days can sometimes be a challenge, however with the help of a directory that exposes your website to many different countries at once, you can save both time and money, getting your business up and running quickly and effectively
It is crucial that you select the appropriate category, as there are many sub-categories to choose from. By taking the time to do this, you will dramatically increase your company's potential to make money and expand into other countries. Both larger and smaller businesses will want to consider this as a chance to get more recognition overseas and create international recognition for the products they are selling. Typically you will be able to choose from regular and premium links, depending on what you want specifically. Selecting the premium option will obviously be more expensive than the regular, however it is up to you which you choose. Keep in mind though that your decision will ultimately effect how much you get out of the directory.
With so many international import export trade options, it's really no wonder that so many companies are choosing to expand their options in terms of geographical location. By going through some of the different reviews and testimonials for these type of online trade directories, you will be able to get the reassurance you have been looking for as to whether or not it can really help a business. Most people write positively about their experience submitting a business website to a directory like this. Before making a final decision as to whether or not that is what you want to do, you'll need to read what other people like you have written.
Being on an export/import directory can help to boost the popularity and success of your business, and it has in fact worked for many people in the past. With so many different countries to choose from, the possibilities are almost endless. Reaching a wider market these days can sometimes be a challenge, however with the help of a directory that exposes your website to many different countries at once, you can save both time and money, getting your business up and running quickly and effectively
How to Backup Exchange 2007 Mailboxes to PST Files
As the migration form Exchange 2003 to Exchange 2007 continues, one of the areas that is a MUST is the ability to backup mailboxes. In this Exchange 2007 How To, I will show you how you can export mailboxes from your Exchange 2007 Database to individual PST Files.
In order to export or import mailboxes to PST files you will need to make sure that the following this are in order.
* Export/Import to PST must be run from a 32 bit client machine with Exchange Management Tools installed (Version Exchange 2007 SP1 or later). The 32bit requirement comes from a dependency with the Outlook client.
* Either Outlook 2003 or Outlook 2007 must be installed on the client machine.
* The user running the task must be an Exchange Organization Admin or an Exchange Server Admin on the server where the mailbox to export/import lives.
Open up the Exchange Management Shell, then what we are going to do is pipe the results from the GET-MAILBOX command to EXPORT-MAILBOX, Like so.
get-mailbox -database "SERVER_NAMEDATABSE_NAME" | export-mailbox -PSTFolderPath C:PSTFiles
What I think is great about this is that you can select different mail databases. For example we have 2 separate databases, one for staff and one for students. Therefore we can split this process up and run it on different days. I have set up one of my admin desktops to handle this task, remembering that is must meet the prerequisites that I outlined above.
In order to export or import mailboxes to PST files you will need to make sure that the following this are in order.
* Export/Import to PST must be run from a 32 bit client machine with Exchange Management Tools installed (Version Exchange 2007 SP1 or later). The 32bit requirement comes from a dependency with the Outlook client.
* Either Outlook 2003 or Outlook 2007 must be installed on the client machine.
* The user running the task must be an Exchange Organization Admin or an Exchange Server Admin on the server where the mailbox to export/import lives.
Open up the Exchange Management Shell, then what we are going to do is pipe the results from the GET-MAILBOX command to EXPORT-MAILBOX, Like so.
get-mailbox -database "SERVER_NAMEDATABSE_NAME" | export-mailbox -PSTFolderPath C:PSTFiles
What I think is great about this is that you can select different mail databases. For example we have 2 separate databases, one for staff and one for students. Therefore we can split this process up and run it on different days. I have set up one of my admin desktops to handle this task, remembering that is must meet the prerequisites that I outlined above.
Indian Import Data - Find Just What You Want
Being the second most populated country in the world, India has a titanic international market and needs to import a lot many goods to meet the demands of the people. For the same reason, India is slowly and steadily expanding as a major power in the international market. However, when looking for a particular product, it is not an easy job to satisfy the needs of the consumers. The best quality has to be ensured with reasonable rates and expenditures. So, there is a need of a source that acts as a guiding light and directs the men that matter into how to approach a certain deal when they are looking towards importing certain products they deal in. This is where the role of India's Import Data comes in.
The main features of this database include easy access to large number of genuine and reliable trade leads, handy access to contact details of exporters who deal in the products to be imported, good classification and feedback from genuine queries. Hence, people can take advantage of previous experiences of tradesmen and be aware of and prepared for the problems which may arrive. All trade happening at all major ports of India, namely, JNPT, Bombay Port Trust (BPT), Chennai (Madras) Sea and Air, Kolkata Sea and Air, Haldia, Vishakhapatnam Sea (Vizag), Cochin, Kandla, Tuticorin etc. is under the vigilance of this database and news about the latest imports is regularly updated in the database. All this happens in a very straight forward and fitting manner.
The main features of this database include easy access to large number of genuine and reliable trade leads, handy access to contact details of exporters who deal in the products to be imported, good classification and feedback from genuine queries. Hence, people can take advantage of previous experiences of tradesmen and be aware of and prepared for the problems which may arrive. All trade happening at all major ports of India, namely, JNPT, Bombay Port Trust (BPT), Chennai (Madras) Sea and Air, Kolkata Sea and Air, Haldia, Vishakhapatnam Sea (Vizag), Cochin, Kandla, Tuticorin etc. is under the vigilance of this database and news about the latest imports is regularly updated in the database. All this happens in a very straight forward and fitting manner.
Germany's Trading Secrets
The world's fourth largest economy is Germany. Being the leader in automobile production, Germany is considered as Europe's largest economy. This economic leader has been the innovator, driver, and beneficiary of a globalized trading after the age of Industrialization.
Germany has spearheaded great industrial innovations including automobile design and manufacture. Germany's exports account for more than 30% of the national output. This only shows that most of the manufactured goods and products of Germany go out of the country to the global market. As such, Germany is considered the second largest exporter in the world in 2009, which amounts to $1.17 trillion worth of exported products and merchandise.
Since Germany excels in automobile production and machine tools production, automobiles and machine tools are among its major exports. Ranking third in the world's largest producers of automobiles, Germany shares some of the world's automobile market with the United States and Japan.
The main exports of Germany aside from automobiles and machine tools include motor vehicle trailers, semi trailers, chemicals, electrical machinery, and chemical products. While Germany trades with other countries in the world, its top trading partners are its European neighbors. These countries contribute to two-thirds of Germany's total trade share.
The World Trade Organization (WTO) of which Germany is a member of, cited Germany as the world's top exporter in 2005. This is the consequence to their largest world market share in machine tools in 2004. Germany's market success is due to the fact that products with a Made in Germany seal guarantees quality. Most consumers do not hesitate making their purchases if products are made in Germany. Thus, German goods and merchandise do well in the global market.
Aside from these, Germany also is the leader of mechanical engineering. For this reason, Germany holds about 20% of the world market on products related to mechanical engineering. These products include electronics, goods, chemicals, vehicles, optics, machinery, and ship building.
Some of Germany's export destinations include European countries, China, Japan, South Africa, Australia, South Korea, Brazil, Canada, and the United States. Correspondingly, these countries import their products to Germany too. Recently, Germany has tightened its trading with one of the fastest growing economies of Asia, China. Some imports to Germany include minerals, precious gems, and agricultural products.
Despite Germany's top ranking positions in the export and import ventures, its economy is one of the slow-growing economies in the Euro zone. Compared to its European neighbors, the rate at which the economy of Germany is growing is relatively slow, considering the fact that it is one of the world's largest traders. Experts attribute this to Germany's aging population, and to its high unemployment rate. With these challenges at hand, Germany cannot really totally soar forward economically.
Germany has spearheaded great industrial innovations including automobile design and manufacture. Germany's exports account for more than 30% of the national output. This only shows that most of the manufactured goods and products of Germany go out of the country to the global market. As such, Germany is considered the second largest exporter in the world in 2009, which amounts to $1.17 trillion worth of exported products and merchandise.
Since Germany excels in automobile production and machine tools production, automobiles and machine tools are among its major exports. Ranking third in the world's largest producers of automobiles, Germany shares some of the world's automobile market with the United States and Japan.
The main exports of Germany aside from automobiles and machine tools include motor vehicle trailers, semi trailers, chemicals, electrical machinery, and chemical products. While Germany trades with other countries in the world, its top trading partners are its European neighbors. These countries contribute to two-thirds of Germany's total trade share.
The World Trade Organization (WTO) of which Germany is a member of, cited Germany as the world's top exporter in 2005. This is the consequence to their largest world market share in machine tools in 2004. Germany's market success is due to the fact that products with a Made in Germany seal guarantees quality. Most consumers do not hesitate making their purchases if products are made in Germany. Thus, German goods and merchandise do well in the global market.
Aside from these, Germany also is the leader of mechanical engineering. For this reason, Germany holds about 20% of the world market on products related to mechanical engineering. These products include electronics, goods, chemicals, vehicles, optics, machinery, and ship building.
Some of Germany's export destinations include European countries, China, Japan, South Africa, Australia, South Korea, Brazil, Canada, and the United States. Correspondingly, these countries import their products to Germany too. Recently, Germany has tightened its trading with one of the fastest growing economies of Asia, China. Some imports to Germany include minerals, precious gems, and agricultural products.
Despite Germany's top ranking positions in the export and import ventures, its economy is one of the slow-growing economies in the Euro zone. Compared to its European neighbors, the rate at which the economy of Germany is growing is relatively slow, considering the fact that it is one of the world's largest traders. Experts attribute this to Germany's aging population, and to its high unemployment rate. With these challenges at hand, Germany cannot really totally soar forward economically.
Working With Anaphraseus In Openoffice
CAT is a term for Computer Aided Translation. It is software that constantly (when it is active) stores pairs of translated and original texts into its Translation Memory (TM). When a translator translates a document, the software suggests him or her all previously translated texts from its TM.
CAT is a term not used for machine translation, which is a different thing. CAT software usually works hand in hand with editors like MS Word or Openoffice.org; it compares the text stored in TM with the document's one and gives suggestions to the translator.
There are many commercial CAT tools on the market today like Trados, minimalist Wordfast or Metatexis. Wordfast, for example, is not a standalone software and requires MS Word (it works as a macro in it).
Anaphraseus: CAT With OpenOffice.org
Anaphraseus as the extension for OpenOffice.org installs directly from the OOo's menu: Tools | Extension Manager, where you just click on the Get more extensions here... text. In the OOo extensions website, which appears in your default browser after clicking on the above text, you will find Anaphraseus.
You will get a file with an OXT extension (some older versions used a Zip format). After downloading it, click on the Add button in the OOo Extension Manager window and find the OXT file on your PC. When done, read the license and scroll down to accept it. After you click on the Accept button Anaphraseus will permanently move to your OOo Extension Manager.
Anaphraseus is not platform dependent but OOo dependent. It works in OpenOffice, no matter if you work with Windows, Linux, FreeBSD, OS/2, or even OpenBSD. This nice CAT extension is compatible with OpenOffice.org 2.1 and higher; StarOffice 8, Update 5 or higher, and it will give you the following possibilities:
* Term Recognition
* Fuzzy Search
* Unicode UTF-16 TMX Export/Import
* Plain text and Unicode UTF-16 TM
* User Glossary
After the installation you need to restart OpenOffice.org for the changes to take effect. You will then see a new panel with the Anaphraseus icons appearing in the OOo environment.
To make your first translation, create (or import) your 1) Translation Memory; 2) open a document with your desired source language; and 3) start translating it by clicking on the Alt+Down button on the Anaphraseus icon panel.
Translation Memory
The first step is to create (or possibly to import) your TM. To do this, click on the Anaphraseus Setup icon, select New, and then enter pertinent TMX codes, which you will need for cases you decide to export your TM later (see Little Glossary at the bottom). You will need a separate TM for every language combination - for example, if you translate from German to Polish, this combination - that is, this TM is not good for translation from Polish to German.
The software allows you to work with many Translation Memories. You can use them for any translation job; for example, bible-italian2eng.txt (from Italian to English) or bible-eng2italian.txt (from English to Italian) will be your TM's for biblical translation projects (both Wordfast and Anaphraseus use TXT format in their TM's).
A little CAT glossary
TMX
In Computer Aided Translation you use the Translation Memory eXchange (TMX) format (XML) because translators often need to migrate (export/import) their TM's to a variety of CAT tools they use. It is a translator's right to choose any CAT software and in case a group of translators works on a project, they can thus share their TM's. Many CAT tools use their own (proprietary) Translation Memory formats and TMX helps translators and translating agencies share their TM's easily. For example, you export your TM from a proprietary CAT application's format (like Trados, etc.) to the TMX format and then you import this TMX format to Anaphraseus (or to any other CAT tool).
TMX is a type of database with various codes that identify languages (CS-01 for the Czech language, EN-US for US English, etc.).
Unicode
If Anaphraseus asks you whether you want to use Unicode, you need to know that CAT software may have problems to display words with diacritical marks such as those used in East-European languages. By the term "displaying" I mean that once the source and target sentences get to TM, Anaphraseus will compare the source sentence in the document with the one in its TM and will show you the target sentence if it meets certain criteria. With the Unicode font it will display correctly all the fonts. If you do not work with Western-type languages, it is always a good idea to use Unicode.
Cleaning Up
The term "clean up the document" in CAT terminology means that you remove the original (source) text from the document, which keeps staying there for editing purposes. Both source and target segments are delimited with color markers such as {0> and you may not delete them from the document (of course, you can, but only by "cleaning up the document"). Authors of CAT tools know that translators need to compare the original text with the translated one even after the translation is finished. In addition to the fact that Anaphraseus (and many other CAT tools) saves pairs of sentences in its TM you will also have these pairs embedded in the document until you clean it.
If the document is not yet cleaned, you may always click on the Arrow Down button on the Anaphraseus toolbar, compare the source (original) text with the translated one, and continue editing it. When you are finished, choose CLEAN UP. The software will ask you if you want to update your Translation Memory. All color markers and source sentences will disappear from the document and you will only see your final work (the text you translated).
Conclusion
Anaphraseus does not have all the functions of commercial applications (such as Pandora's box, etc.), but not all translators need comprehensive solutions every hour and every day. OpenOffice.org has thus become not only a complex and very useful tool for translators, but also a little star on your way to freedom.
CAT is a term not used for machine translation, which is a different thing. CAT software usually works hand in hand with editors like MS Word or Openoffice.org; it compares the text stored in TM with the document's one and gives suggestions to the translator.
There are many commercial CAT tools on the market today like Trados, minimalist Wordfast or Metatexis. Wordfast, for example, is not a standalone software and requires MS Word (it works as a macro in it).
Anaphraseus: CAT With OpenOffice.org
Anaphraseus as the extension for OpenOffice.org installs directly from the OOo's menu: Tools | Extension Manager, where you just click on the Get more extensions here... text. In the OOo extensions website, which appears in your default browser after clicking on the above text, you will find Anaphraseus.
You will get a file with an OXT extension (some older versions used a Zip format). After downloading it, click on the Add button in the OOo Extension Manager window and find the OXT file on your PC. When done, read the license and scroll down to accept it. After you click on the Accept button Anaphraseus will permanently move to your OOo Extension Manager.
Anaphraseus is not platform dependent but OOo dependent. It works in OpenOffice, no matter if you work with Windows, Linux, FreeBSD, OS/2, or even OpenBSD. This nice CAT extension is compatible with OpenOffice.org 2.1 and higher; StarOffice 8, Update 5 or higher, and it will give you the following possibilities:
* Term Recognition
* Fuzzy Search
* Unicode UTF-16 TMX Export/Import
* Plain text and Unicode UTF-16 TM
* User Glossary
After the installation you need to restart OpenOffice.org for the changes to take effect. You will then see a new panel with the Anaphraseus icons appearing in the OOo environment.
To make your first translation, create (or import) your 1) Translation Memory; 2) open a document with your desired source language; and 3) start translating it by clicking on the Alt+Down button on the Anaphraseus icon panel.
Translation Memory
The first step is to create (or possibly to import) your TM. To do this, click on the Anaphraseus Setup icon, select New, and then enter pertinent TMX codes, which you will need for cases you decide to export your TM later (see Little Glossary at the bottom). You will need a separate TM for every language combination - for example, if you translate from German to Polish, this combination - that is, this TM is not good for translation from Polish to German.
The software allows you to work with many Translation Memories. You can use them for any translation job; for example, bible-italian2eng.txt (from Italian to English) or bible-eng2italian.txt (from English to Italian) will be your TM's for biblical translation projects (both Wordfast and Anaphraseus use TXT format in their TM's).
A little CAT glossary
TMX
In Computer Aided Translation you use the Translation Memory eXchange (TMX) format (XML) because translators often need to migrate (export/import) their TM's to a variety of CAT tools they use. It is a translator's right to choose any CAT software and in case a group of translators works on a project, they can thus share their TM's. Many CAT tools use their own (proprietary) Translation Memory formats and TMX helps translators and translating agencies share their TM's easily. For example, you export your TM from a proprietary CAT application's format (like Trados, etc.) to the TMX format and then you import this TMX format to Anaphraseus (or to any other CAT tool).
TMX is a type of database with various codes that identify languages (CS-01 for the Czech language, EN-US for US English, etc.).
Unicode
If Anaphraseus asks you whether you want to use Unicode, you need to know that CAT software may have problems to display words with diacritical marks such as those used in East-European languages. By the term "displaying" I mean that once the source and target sentences get to TM, Anaphraseus will compare the source sentence in the document with the one in its TM and will show you the target sentence if it meets certain criteria. With the Unicode font it will display correctly all the fonts. If you do not work with Western-type languages, it is always a good idea to use Unicode.
Cleaning Up
The term "clean up the document" in CAT terminology means that you remove the original (source) text from the document, which keeps staying there for editing purposes. Both source and target segments are delimited with color markers such as {0> and you may not delete them from the document (of course, you can, but only by "cleaning up the document"). Authors of CAT tools know that translators need to compare the original text with the translated one even after the translation is finished. In addition to the fact that Anaphraseus (and many other CAT tools) saves pairs of sentences in its TM you will also have these pairs embedded in the document until you clean it.
If the document is not yet cleaned, you may always click on the Arrow Down button on the Anaphraseus toolbar, compare the source (original) text with the translated one, and continue editing it. When you are finished, choose CLEAN UP. The software will ask you if you want to update your Translation Memory. All color markers and source sentences will disappear from the document and you will only see your final work (the text you translated).
Conclusion
Anaphraseus does not have all the functions of commercial applications (such as Pandora's box, etc.), but not all translators need comprehensive solutions every hour and every day. OpenOffice.org has thus become not only a complex and very useful tool for translators, but also a little star on your way to freedom.
Starting Your Own Export Business, The Process Explained
Whenever you decide to start something big, a little time spent on planning in the beginning will save you from lots of thinking sessions (filled with frustration, panic and disappointments) later on. You can make giant looking tasks a lot easier by dividing them in small, practical step-by-step procedures. Starting an export business is not a walk in the park, and when you decide to get into this business, you have to make quite a number of arrangements such as deciding your product, choosing shipment mode, arranging finance and much more.
Initial Stage:
i. Select your product
ii. Determine potential buyers
iii. Market research
iv. Exporting method
v. Comprehensive business plan
First you have to select the product; in case you are not already involved in producing or exporting some product locally (even then you may need to improve its quality and features for international export). After choosing the product, you can now assess the targeted customers. Do some research on the market and analyze it carefully. Next step is to decide upon the exporting method. Remember, all of these decisions and selections should be based on some facts and figures, and not mere assumptions. As stated earlier, time spent in planning & research will save you from possible loss and failures in the future. You need to be watchful, alert and patient in the start, so that you don't fall in hands of frauds and scams.
Middle Stage:
i. Determine Price
ii. Payment terms & conditions
iii. Terms and conditions for delivery and shipment issues
iv. Shipping mode
After you are done with initial research and planning work, you now have a plan in your hands. You know your potential customers by now. Next step is to determine prices, while doing this, keep all costs and expenses in mind, don't try to take too much risk by offering extra ordinary low prices. Payment terms and the mode of payment is also an important decision, so is the selection of shipment mode you are going to use.
Final Stage:
i. Financing
ii. Production/Manufacturing
iii. Packaging
iv. Shipment
v. Collection of payment through your bank or some payment processor
After all the planning and marketing, you will start receiving orders from interested customers. At this point, you need to have sufficient funds in hands to manufacture or arrange the products you are looking to export. Once you have got the funds, and you are done with the production work, you need to go through packaging and documentation work before making a shipment to the customers.
This is the basic framework for starting an export business, which will help you in starting smoothly and gradually growing.
Initial Stage:
i. Select your product
ii. Determine potential buyers
iii. Market research
iv. Exporting method
v. Comprehensive business plan
First you have to select the product; in case you are not already involved in producing or exporting some product locally (even then you may need to improve its quality and features for international export). After choosing the product, you can now assess the targeted customers. Do some research on the market and analyze it carefully. Next step is to decide upon the exporting method. Remember, all of these decisions and selections should be based on some facts and figures, and not mere assumptions. As stated earlier, time spent in planning & research will save you from possible loss and failures in the future. You need to be watchful, alert and patient in the start, so that you don't fall in hands of frauds and scams.
Middle Stage:
i. Determine Price
ii. Payment terms & conditions
iii. Terms and conditions for delivery and shipment issues
iv. Shipping mode
After you are done with initial research and planning work, you now have a plan in your hands. You know your potential customers by now. Next step is to determine prices, while doing this, keep all costs and expenses in mind, don't try to take too much risk by offering extra ordinary low prices. Payment terms and the mode of payment is also an important decision, so is the selection of shipment mode you are going to use.
Final Stage:
i. Financing
ii. Production/Manufacturing
iii. Packaging
iv. Shipment
v. Collection of payment through your bank or some payment processor
After all the planning and marketing, you will start receiving orders from interested customers. At this point, you need to have sufficient funds in hands to manufacture or arrange the products you are looking to export. Once you have got the funds, and you are done with the production work, you need to go through packaging and documentation work before making a shipment to the customers.
This is the basic framework for starting an export business, which will help you in starting smoothly and gradually growing.
Tips On How To Start An Import Business
An Import business can be very exciting. For those who have an eye for detail, watch foreign business trends, and know how to make great relationships with other people, an Import business can be an excellent way to earn a substantial income while having an exciting time.
Import requires the ability to meet foreign business owners and bridge the gap between their products and our domestic consumer base. For those who wish to start their own import business, they will be delighted to learn that the US Government encourages both import and export and have established many resources, guides, and assistance to help you with your new career.
Once you have determined that you will start an Import business, you will need to begin by making contacts. Fortunately, there is very little financial overhead that you will need, however you may find that you are required to travel to foreign and distant lands (all work related of course) to find the best products to import. You will need to carefully analyze the market, and you must have a "knack" for finding the best products to import.
After you have found the market, you will need to ensure that the businesses that you will be dealing with overseas are both reputable and legitimate. A good resource to help you with this is the U.S. Embassies that are located in the areas where you would like to establish relationships. Once you have determined that the businesses are legitimate, you will then begin importing those products to American markets.
Analyzing the field is critical to your success as an importer. You need to ensure that the products that you are importing are truly in demand in the American markets. Also, you may find that certain areas are more acceptable for those products then others. However, once you make those connections, you will be rewarded with a successful career as an importer.
Import requires the ability to meet foreign business owners and bridge the gap between their products and our domestic consumer base. For those who wish to start their own import business, they will be delighted to learn that the US Government encourages both import and export and have established many resources, guides, and assistance to help you with your new career.
Once you have determined that you will start an Import business, you will need to begin by making contacts. Fortunately, there is very little financial overhead that you will need, however you may find that you are required to travel to foreign and distant lands (all work related of course) to find the best products to import. You will need to carefully analyze the market, and you must have a "knack" for finding the best products to import.
After you have found the market, you will need to ensure that the businesses that you will be dealing with overseas are both reputable and legitimate. A good resource to help you with this is the U.S. Embassies that are located in the areas where you would like to establish relationships. Once you have determined that the businesses are legitimate, you will then begin importing those products to American markets.
Analyzing the field is critical to your success as an importer. You need to ensure that the products that you are importing are truly in demand in the American markets. Also, you may find that certain areas are more acceptable for those products then others. However, once you make those connections, you will be rewarded with a successful career as an importer.
Know More About DGFT and Its Various Functionalities
DGFT stands for Directorate General of Foreign Trade, which is a government organization responsible for framing all policies regarding export and import in India. They are entrusted with the responsibility of implementing various policies regarding trade for example, Foreign Trade Policy or the Exam Policy with the major objective of promoting export and import related activities in India.
This Directorate lays down the very framework upon which traders and companies can import or export within India. They issue the IEC which is the Importer Exporter Code, which is a primary requirement for any company or venture capitalist wanting to trade in India. The Directorate is currently headed by R S Gujral. Form for applying and becoming a recognized member are easily available at regional offices around the country and all notifications are updated on the internet from time to time.
DGFT has many functions which primarily include implementing various trade policies and introducing different schemes regarding trade benefits throughout the country. The Directorate allows and regulates Transit of Goods to various other countries in accordance with the trade treaties with the countries. They also grant the 10 digit IEC which is a primary requirement for any trader wanting to carry out import and export related businesses in India. They are also laying a lot of importance on Foreign Trade for it is gaining a lot of prominence in the recent times.
Whenever the organization makes any amendment or introduces a new clause to any preexisting policy or introduces a new policy, it brings about the notifications on the internet also. Recent notifications include prohibition on any milk or milk products being imported from China, amendments in the Exam policy, a new standard for import and export of radial tires, various other major amendments in ITC HC policies and standard code of conduct, prohibition on export of non-basmati rice and other major amendments. Other notifications include amendments regarding classification of imported and exported goods under the ITC HC and changes in the terms and standards of the trade process.
This Directorate lays down the very framework upon which traders and companies can import or export within India. They issue the IEC which is the Importer Exporter Code, which is a primary requirement for any company or venture capitalist wanting to trade in India. The Directorate is currently headed by R S Gujral. Form for applying and becoming a recognized member are easily available at regional offices around the country and all notifications are updated on the internet from time to time.
DGFT has many functions which primarily include implementing various trade policies and introducing different schemes regarding trade benefits throughout the country. The Directorate allows and regulates Transit of Goods to various other countries in accordance with the trade treaties with the countries. They also grant the 10 digit IEC which is a primary requirement for any trader wanting to carry out import and export related businesses in India. They are also laying a lot of importance on Foreign Trade for it is gaining a lot of prominence in the recent times.
Whenever the organization makes any amendment or introduces a new clause to any preexisting policy or introduces a new policy, it brings about the notifications on the internet also. Recent notifications include prohibition on any milk or milk products being imported from China, amendments in the Exam policy, a new standard for import and export of radial tires, various other major amendments in ITC HC policies and standard code of conduct, prohibition on export of non-basmati rice and other major amendments. Other notifications include amendments regarding classification of imported and exported goods under the ITC HC and changes in the terms and standards of the trade process.
How to Emerge Successful in Export Import Business
Export import plays a vital role in any business. When a businessman purchases goods like farm produce, machine parts, groceries or crude oil from one's own country and sells it to other countries at an elevated price, he makes money. This trade is referred to as export business. When raw materials or goods are bought into one's own country from other countries, it is referred to as imports.
Both import and exports are totally dependant on the country's capacity or internal production. If there is a surplus, it can be sold to other countries and the profit coming out of such a sale gets accumulated in the country's national treasury national reserve. Thus, it can be summarised that both imports as well as exports are vital for the economic growth and development of a country.
Another important factor which decides the imports and exports are international relations. For two countries to do a profitable business, then need to be in good terms with each other. Also they have to share a healthy economic, political and social relationship. One cannot obviously try and do business in a country which is at loggerheads with their home country. Healthy business relationships can be fostered only if there is mutual trust and confidence.
There is tough competition amongst importers. However, it should be ensured that quality is not compromised in the bargain. Once you have been identified as an importer or exporter of low quality goods, then your country will automatically stand to lose and may lose its repute in the international trade market. Hence, care should be taken that high quality standards are maintained.
It is very important that you understand the markets well before entering this line of business. For this indepth understanding and a thorough research is very important. You will have to collect statistics and data of buyers and suppliers of the country you intend doing business. Identifying the product and the market are the vital decisions which you will have to make in the beginning. Do your planning and research with the data available so that you are able to make it not only in the domestic market but the international market as well.
Hence, it is of essence to do a thorough market research. If you know the client's language, it is an added advantage as it will help you connect with them better. The next step is to carve an exclusive niche. It is imperative that you acknowledge your clients and provide them the requisite customer services both prior to as well as after the business deal. This will help in winning over not only your present client but also future clients.
Both import and exports are totally dependant on the country's capacity or internal production. If there is a surplus, it can be sold to other countries and the profit coming out of such a sale gets accumulated in the country's national treasury national reserve. Thus, it can be summarised that both imports as well as exports are vital for the economic growth and development of a country.
Another important factor which decides the imports and exports are international relations. For two countries to do a profitable business, then need to be in good terms with each other. Also they have to share a healthy economic, political and social relationship. One cannot obviously try and do business in a country which is at loggerheads with their home country. Healthy business relationships can be fostered only if there is mutual trust and confidence.
There is tough competition amongst importers. However, it should be ensured that quality is not compromised in the bargain. Once you have been identified as an importer or exporter of low quality goods, then your country will automatically stand to lose and may lose its repute in the international trade market. Hence, care should be taken that high quality standards are maintained.
It is very important that you understand the markets well before entering this line of business. For this indepth understanding and a thorough research is very important. You will have to collect statistics and data of buyers and suppliers of the country you intend doing business. Identifying the product and the market are the vital decisions which you will have to make in the beginning. Do your planning and research with the data available so that you are able to make it not only in the domestic market but the international market as well.
Hence, it is of essence to do a thorough market research. If you know the client's language, it is an added advantage as it will help you connect with them better. The next step is to carve an exclusive niche. It is imperative that you acknowledge your clients and provide them the requisite customer services both prior to as well as after the business deal. This will help in winning over not only your present client but also future clients.
OsCommerce Practice - How to Import Products Base to OsCommerce Shopping Cart
I have managed to find an application which makes product import more simple than all the rest. It is called Store Manager for osCommerce. This software enables import of products to csv file and its export back to osCommerce.
It requires some skills to perform product import. But if you carefully follow the instructions of Import Wizard most likely it will be a success. Import is rather complicated procedure and it may be destructive if performed incorrectly. Thus, you have to create database backup before osCommerce products import especially if you do it for the first time.
First thing you need to do is to prepare csv file for import. Make sure it contains all necessary fields and all data you are going to import is listed in tables. After your csv file is ready choose import from the options provided. Then specify the csv file path and name or use browse button to select one. You can also load import settings to avoid reconfiguring each time you want to import products from a csv file.
Source file preview shows a part of csv file selected to import. What you should pay attention to here is delimiters and enclosure. Usually it is enough to look through the first line of the file to see whether some words are enclosed in quotes (") and are separated by comma (,) symbol. It is important as you will need to set up these settings in the next step.
Select fields delimiter and quote character. Delimiter character is used to separate one column from another. If you specify incorrect delimiter, file will not be parsed properly and products will not be imported. Quote string values delimiter will be used to separate strings in csv file. It can be disabled if none are used. Category delimiter character is used to separate category names and specify full category tree path for given category. E.g.: every directory separated by backslash (\) character. Please note that if you specify the wrong values import may not work.
The next step - Link columns from csv file to appropriate database fields. You should check the box if the first row of your csv file contains not values but field names. Select the corresponding Products Identification Method - import wizard will search for a product using selected method of identification. The product will be modified if found, if not - new product will be added. Please note that it is recommended to use Product Name + Model to identify your products.
Here you can see two panes Database fields and csv File Columns. "Database Fields" pane shows the list of fields in your database that can receive import data. It is required to assign csv columns to key fields. To assign csv column to database field you should select a field at the left pane and then click a column at the right pane. You can use "Auto set..." option to set correspondence automatically for all fields. This option will work only if csv column name is the same as database field name. When you are done proceed to the next step - Base Formats and Separators.
This step allows you to convert text values from csv file to numerical and date values. You can just set default values using appropriate button. On Import Preview page you can see how csv file was processed using import settings, which you specified at previous steps. Columns that were not assigned will not be imported whereas empty values will overwrite existing.
Import Options - please pay attention to these settings as they may influence import results. You should select import method, can save import settings, etc. When you are done - press Import and the import process will start. When the process is complete you can see database details and whether any errors took place during product import.
As you can see it is really not as complicated as it seems. All you need to do is carefully pay attention to the details as you proceed to each step. This way you can be sure that products import will be successful and all your data will be imported accurately.
It requires some skills to perform product import. But if you carefully follow the instructions of Import Wizard most likely it will be a success. Import is rather complicated procedure and it may be destructive if performed incorrectly. Thus, you have to create database backup before osCommerce products import especially if you do it for the first time.
First thing you need to do is to prepare csv file for import. Make sure it contains all necessary fields and all data you are going to import is listed in tables. After your csv file is ready choose import from the options provided. Then specify the csv file path and name or use browse button to select one. You can also load import settings to avoid reconfiguring each time you want to import products from a csv file.
Source file preview shows a part of csv file selected to import. What you should pay attention to here is delimiters and enclosure. Usually it is enough to look through the first line of the file to see whether some words are enclosed in quotes (") and are separated by comma (,) symbol. It is important as you will need to set up these settings in the next step.
Select fields delimiter and quote character. Delimiter character is used to separate one column from another. If you specify incorrect delimiter, file will not be parsed properly and products will not be imported. Quote string values delimiter will be used to separate strings in csv file. It can be disabled if none are used. Category delimiter character is used to separate category names and specify full category tree path for given category. E.g.: every directory separated by backslash (\) character. Please note that if you specify the wrong values import may not work.
The next step - Link columns from csv file to appropriate database fields. You should check the box if the first row of your csv file contains not values but field names. Select the corresponding Products Identification Method - import wizard will search for a product using selected method of identification. The product will be modified if found, if not - new product will be added. Please note that it is recommended to use Product Name + Model to identify your products.
Here you can see two panes Database fields and csv File Columns. "Database Fields" pane shows the list of fields in your database that can receive import data. It is required to assign csv columns to key fields. To assign csv column to database field you should select a field at the left pane and then click a column at the right pane. You can use "Auto set..." option to set correspondence automatically for all fields. This option will work only if csv column name is the same as database field name. When you are done proceed to the next step - Base Formats and Separators.
This step allows you to convert text values from csv file to numerical and date values. You can just set default values using appropriate button. On Import Preview page you can see how csv file was processed using import settings, which you specified at previous steps. Columns that were not assigned will not be imported whereas empty values will overwrite existing.
Import Options - please pay attention to these settings as they may influence import results. You should select import method, can save import settings, etc. When you are done - press Import and the import process will start. When the process is complete you can see database details and whether any errors took place during product import.
As you can see it is really not as complicated as it seems. All you need to do is carefully pay attention to the details as you proceed to each step. This way you can be sure that products import will be successful and all your data will be imported accurately.
How to Import Contacts From Excel Spreadsheet to Outlook
If you are in a business that attends a lot of trade shows or you simply have kept all of your Contacts in Excel in the past. There is a quick and efficient way to import all contacts from Excel into Outlook so that you don't have to manually re-type all of them. Maybe you have a Virtual Assistant that is helping your life get more organized so you can be more efficient! Why not hand these notes over to your VA?
Importing Contacts from Excel into Outlook. These instructions are written for Excel 2003 so be aware they may not work exactly as instructed in other versions.
My instructions may tell you things you already know but I don't want to assume. If you need help feel free to contact me. Okay, first things first.....may sure you have a header row in your Excel Sheet. (A header row is a row that has labels for each column indicating what is in that column - e.g. First Name, Last Name, Address, Phone Number, Email, Website, etc)
Next: if the full contact name is in one cell you have to tell Excel to break the name into separate cells....insert three new columns to the right of the full name column. (I say three columns because if a name has a middle initial or Jr./Sr. it will affect this process)
Then highlight the entire "full name" column (just click the column heading)
Next go to Data (top toolbar), Text to Columns - it will bring up the Wizard.
Under: Original data type - select "delimited" (you will see a preview of your column contents at the bottom of the wizard screen) - NEXT
Then it will bring up: "delimiters" - tab will be auto-selected but you want "space" so click the box next to SPACE (again you will see preview of data & now you will see that the first name is separated from the last name) - NEXT
Then it will come up with how do you want it formatted, in this case since it was names I said "TEXT"
Finish
The wizard may ask you if you want to replace the destination cells....but you've already inserted your three new columns so tell it yes! I had to do one modification because one person did have a middle initial and I didn't want that.....so I just put the last name into the correct field and then deleted out the unnecessary "middle" initial column!
If you can rename the header row using "fields" recognized by Outlook that's good but you will get a chance later on to tell Outlook what field goes with what field.
Next in your Excel sheet: you have to highlight the entire range of data you want to import into Outlook. With the entire range of data highlighted go to: (Whatever name you chose make sure it's only ONE word)
Insert (in your top toolbar)
Name
Define
Save the Excel file & exit
Go to the import process in Outlook... (In Outlook - File-->Import/Export-->Import from another program or file-->Excel
The last thing you want to do as you do the import is when you get to the screen that says "define mapped fields" (will be in upper right hand corner of wizard) make sure that you follow the instructions on that
Importing Contacts from Excel into Outlook. These instructions are written for Excel 2003 so be aware they may not work exactly as instructed in other versions.
My instructions may tell you things you already know but I don't want to assume. If you need help feel free to contact me. Okay, first things first.....may sure you have a header row in your Excel Sheet. (A header row is a row that has labels for each column indicating what is in that column - e.g. First Name, Last Name, Address, Phone Number, Email, Website, etc)
Next: if the full contact name is in one cell you have to tell Excel to break the name into separate cells....insert three new columns to the right of the full name column. (I say three columns because if a name has a middle initial or Jr./Sr. it will affect this process)
Then highlight the entire "full name" column (just click the column heading)
Next go to Data (top toolbar), Text to Columns - it will bring up the Wizard.
Under: Original data type - select "delimited" (you will see a preview of your column contents at the bottom of the wizard screen) - NEXT
Then it will bring up: "delimiters" - tab will be auto-selected but you want "space" so click the box next to SPACE (again you will see preview of data & now you will see that the first name is separated from the last name) - NEXT
Then it will come up with how do you want it formatted, in this case since it was names I said "TEXT"
Finish
The wizard may ask you if you want to replace the destination cells....but you've already inserted your three new columns so tell it yes! I had to do one modification because one person did have a middle initial and I didn't want that.....so I just put the last name into the correct field and then deleted out the unnecessary "middle" initial column!
If you can rename the header row using "fields" recognized by Outlook that's good but you will get a chance later on to tell Outlook what field goes with what field.
Next in your Excel sheet: you have to highlight the entire range of data you want to import into Outlook. With the entire range of data highlighted go to: (Whatever name you chose make sure it's only ONE word)
Insert (in your top toolbar)
Name
Define
Save the Excel file & exit
Go to the import process in Outlook... (In Outlook - File-->Import/Export-->Import from another program or file-->Excel
The last thing you want to do as you do the import is when you get to the screen that says "define mapped fields" (will be in upper right hand corner of wizard) make sure that you follow the instructions on that
Pro Forma and Letter of Credit Checklists For the Import-Export IMEX Trader
For those considering entering the world of import/export (IMEX) you will soon learn that there are two basic documentation forms that no deal can go without. If have already conducted a few successful IMEX transactions then you no doubt have learned of the importance of these documents.
I am talking about the Pro Forma invoice and the Letter of Credit (L/C).
If you are the exporter, the Pro Forma invoice is a quotation that the buyer must approve before it becomes binding and keep in mind that once it is approved it becomes your responsibility to fulfill its terms.
A Pro Forma invoice should cover:
- Price
- Shipping Date and Terms
- Letter of Credit (L/C) information, including bank to be used and expiration date
- Necessary documents
- Packing or labeling requirements
Remember (exporter) to think the details of the Pro Forma through carefully before submitting it to your potential buyer because once accepted, those are the terms are responsible for completing.
A Letter of Credit (L/C) for the exporter should cover:
- What will be the advising (your) bank?
- How much time will you have to ship your merchandise after you receive the L/C?
- How much time will you have to get your documents to the bank?
- Will the letter of credit be irrevocable? The answer should be yes.
- Is the L/C payable at sight (when you present the done-deed documents, not after another 30, 60, or 90 days)? The answer should be yes.
- Will you pay your bank charges, and will the importer pay his?
- What will your bank charges be?
- Are there any special requirements? If so, what are they?
- Remember: When the L/C is opened, get the name of the opening and and the L/C number.
If you aren't familiar with what a Letter of Credit (L/C) is, then check out the link for Optimum Outcomes at the bottom of this article for a group of articles and tutorials on Import/Export 101.
A Letter of Credit (L/C) for the importer should cover:
- Will the L/C be confirmed?
- What will your bank charges be?
- Is the L/C payable in the exporter's desired currency? What is the currency (US dollars, Mexican pesos, etc,.)?
- How much time do you want to allow for shipment?
- How much time do you want to give the exporter to get his documents to the bank?
- What documents will you need?
- Is everything in the letter of credit on the pro forma invoice?
- What are your shipping requirements?
- What about insurance?
- Remember: Notify the exporter of your bank and the L/C number
Andrey Polston manages Optimum Outcomes, LLC an export management company (EMC) helping small and medium sized business' find and develop global sales markets.
I am talking about the Pro Forma invoice and the Letter of Credit (L/C).
If you are the exporter, the Pro Forma invoice is a quotation that the buyer must approve before it becomes binding and keep in mind that once it is approved it becomes your responsibility to fulfill its terms.
A Pro Forma invoice should cover:
- Price
- Shipping Date and Terms
- Letter of Credit (L/C) information, including bank to be used and expiration date
- Necessary documents
- Packing or labeling requirements
Remember (exporter) to think the details of the Pro Forma through carefully before submitting it to your potential buyer because once accepted, those are the terms are responsible for completing.
A Letter of Credit (L/C) for the exporter should cover:
- What will be the advising (your) bank?
- How much time will you have to ship your merchandise after you receive the L/C?
- How much time will you have to get your documents to the bank?
- Will the letter of credit be irrevocable? The answer should be yes.
- Is the L/C payable at sight (when you present the done-deed documents, not after another 30, 60, or 90 days)? The answer should be yes.
- Will you pay your bank charges, and will the importer pay his?
- What will your bank charges be?
- Are there any special requirements? If so, what are they?
- Remember: When the L/C is opened, get the name of the opening and and the L/C number.
If you aren't familiar with what a Letter of Credit (L/C) is, then check out the link for Optimum Outcomes at the bottom of this article for a group of articles and tutorials on Import/Export 101.
A Letter of Credit (L/C) for the importer should cover:
- Will the L/C be confirmed?
- What will your bank charges be?
- Is the L/C payable in the exporter's desired currency? What is the currency (US dollars, Mexican pesos, etc,.)?
- How much time do you want to allow for shipment?
- How much time do you want to give the exporter to get his documents to the bank?
- What documents will you need?
- Is everything in the letter of credit on the pro forma invoice?
- What are your shipping requirements?
- What about insurance?
- Remember: Notify the exporter of your bank and the L/C number
Andrey Polston manages Optimum Outcomes, LLC an export management company (EMC) helping small and medium sized business' find and develop global sales markets.
Import Data - A Database to Decide Your Future Business Planner
Over a considerable period of time, the United States of America has proved itself to be a major player in the trading sphere around the world, irrespective of whether it is exporting or importing. The US import data is based on bill lading which is all about processing and standardizing the import bills and reports at every entry or exit point on any American port. All this is done as soon as the product arrives and is placed under the US customs department which then ships it further to the concerned American port. This data is then fed into an existing server database linked to internet. The members of the concerned party can view the data and have an altogether transparent trading business.
The database that manages all the imported product details is updated regularly with all the latest details and product information. Some data is updated on a monthly basis and is provided as per demand by the desired client. These databases are quite advanced and have various options that provide accurate and excellent reports. They also act as a very useful and self sufficient directory to gather all information regarding major active parties in US involved in the process and also those who are authentic. The best advantage this categorized database on import data offers is that in a very short span of time, detailed reports on major trading partners working in US import processes become easily accessible. The process is very simple and straight forward and one can easily find buyers for a range of products.
The data fed into the database is mostly informational detail regarding the trading process and clients concerned. The US import data consists of information regarding the details of the parties involved in the trade process. The details include the name of the importer, the name of the buyer in US, details regarding other parties if involved, details of parties which need to be notified, their contact numbers, addresses, details regarding the products imported, the quantity and the quality standards under which they are received, the date and time of shipment etc. Major items imported by US generally include electronic products, medical precision instruments, various minerals and fuels, automobiles and related components, computer and other related hardware peripherals etc.
Thus, the import data acts as an option to assess and analyze a particular firm or establishment. This gives the buyer some idea regarding the client he is going to be doing business with. Also, these data also help companies learn about their business details and allows them explore further for more business.
The database that manages all the imported product details is updated regularly with all the latest details and product information. Some data is updated on a monthly basis and is provided as per demand by the desired client. These databases are quite advanced and have various options that provide accurate and excellent reports. They also act as a very useful and self sufficient directory to gather all information regarding major active parties in US involved in the process and also those who are authentic. The best advantage this categorized database on import data offers is that in a very short span of time, detailed reports on major trading partners working in US import processes become easily accessible. The process is very simple and straight forward and one can easily find buyers for a range of products.
The data fed into the database is mostly informational detail regarding the trading process and clients concerned. The US import data consists of information regarding the details of the parties involved in the trade process. The details include the name of the importer, the name of the buyer in US, details regarding other parties if involved, details of parties which need to be notified, their contact numbers, addresses, details regarding the products imported, the quantity and the quality standards under which they are received, the date and time of shipment etc. Major items imported by US generally include electronic products, medical precision instruments, various minerals and fuels, automobiles and related components, computer and other related hardware peripherals etc.
Thus, the import data acts as an option to assess and analyze a particular firm or establishment. This gives the buyer some idea regarding the client he is going to be doing business with. Also, these data also help companies learn about their business details and allows them explore further for more business.
Acquire World Wide Recognition For Your Business Easily!
Everyone would want their business firms to become popular, so that the inflow of the transactions is always very constant and profitable. But, a new firm usually finds it very hard to make its way to the top. The accomplishment of the popularity would normally take a lot of time. Any company would require to be advertised. The marketing of a company would help in establishing strong business dealers for the firm. Let us see how a firm could attain worldwide recognition.
Why a business requires that recognition?
The recognition of a business firm is very essential for it to make very high net profits. When the presence of a trader is known, other interested traders would come forward and make business dealings. For instance, a super market might be newly opened in your locality. You would not know that it is present in your area, until you hear about it or until you see it yourself. For that purpose, the super market would market itself in the form of newspaper advertisements. Once the advertisement reaches the common man, people start to make use of it. Only, when the presence of the shop is known, any person could make a purchase there. Similarly, any business firm requires itself to be marketed in such a way, where it makes itself known to a lot of individuals.
Every company possesses a website
Any company that is willing to reach the top-most level, would have a website with all its details. All minute details of the business are made available in the website. With the help of the details, other similar traders get an idea of what kind of imports and exports take place. Even though, a website is created, the site itself requires to be promoted. People get to visit the website, only when they hear about it through someone. For this purpose, most companies register their websites in online trading directories, which would help in attaining the desired recognition.
Why a business requires that recognition?
The recognition of a business firm is very essential for it to make very high net profits. When the presence of a trader is known, other interested traders would come forward and make business dealings. For instance, a super market might be newly opened in your locality. You would not know that it is present in your area, until you hear about it or until you see it yourself. For that purpose, the super market would market itself in the form of newspaper advertisements. Once the advertisement reaches the common man, people start to make use of it. Only, when the presence of the shop is known, any person could make a purchase there. Similarly, any business firm requires itself to be marketed in such a way, where it makes itself known to a lot of individuals.
Every company possesses a website
Any company that is willing to reach the top-most level, would have a website with all its details. All minute details of the business are made available in the website. With the help of the details, other similar traders get an idea of what kind of imports and exports take place. Even though, a website is created, the site itself requires to be promoted. People get to visit the website, only when they hear about it through someone. For this purpose, most companies register their websites in online trading directories, which would help in attaining the desired recognition.
Spain's Rise to Economic Stability
For the past four decades, Spain has been one of the largest economies of the world. In fact in 2008, the country has been recognized as one of the most dynamic economy within Europe. Moreover, Spain was also the second largest economy of the world in 2008. After about forty years of struggle, the country was able to prove itself in terms of economy.
The reasons for Spain's economic growth are attributed to its virtual zero growth rate with some of its partners in Europe, and the global real estate boom. Aside from these, the country has also stabilized its import export activities to a number of partners all over the world. Since Spain is most popularly known for its agricultural products, most of its exports are agricultural-based.
The largest partners of Spain are the other countries in Europe. Despite its being a small nation, the country has been able to come up with goods and merchandise for trading with other countries around the world. One of the greatest advantages of Spain is its fertile soils and favorable climate. As such the growing of valuable crops such as oranges, olives, and grapes is one of Spain's major sources of income.
Spain's exports have amounted to a total of $248.3 billion, in 2007 alone. This amount has significantly increased since 2003. This only shows that the export ventures of Spain have been successful for these years. France is the biggest export partner of Spain which takes up 11% of Spain's exports. Germany, Portugal, Italy, the United Kingdom, and the United States followed suit. Among these export partners, the United States is the only country outside Europe that is trading relatively well with Spain.
Topping the list of Spain's major exports is petroleum products. Spain is known to have an adequate amount of petroleum deposits such that Spain can afford to share these to other countries. The other major exports of Spain include antiques, stamps, artwork, vegetables, industrial machines, medicinal items, generators, transformers, transformer accessories, wall tiles, floor tiles, and wine. Spain produces some of the best wines in the world. In fact, wine is one of the most popular exports of Spain. Spain's wines have probably reached all corners of the world already.
On the other hand, in order to supplement the needs of Spain, Spain has to import some products from other countries. Importing these products does not necessarily mean in absence of, but rather insufficiency. The major imports to Spain include medicinal equipment, pharmaceutical productions, civilian aircraft and parts, fuel oil, industrial engines, telecommunications equipment, organic chemicals, and food stuffs.
Although Spain is predicted to experience economic recession after 2009, Spain still continues thriving and aims to maintain quality trading with other countries worldwide.
The reasons for Spain's economic growth are attributed to its virtual zero growth rate with some of its partners in Europe, and the global real estate boom. Aside from these, the country has also stabilized its import export activities to a number of partners all over the world. Since Spain is most popularly known for its agricultural products, most of its exports are agricultural-based.
The largest partners of Spain are the other countries in Europe. Despite its being a small nation, the country has been able to come up with goods and merchandise for trading with other countries around the world. One of the greatest advantages of Spain is its fertile soils and favorable climate. As such the growing of valuable crops such as oranges, olives, and grapes is one of Spain's major sources of income.
Spain's exports have amounted to a total of $248.3 billion, in 2007 alone. This amount has significantly increased since 2003. This only shows that the export ventures of Spain have been successful for these years. France is the biggest export partner of Spain which takes up 11% of Spain's exports. Germany, Portugal, Italy, the United Kingdom, and the United States followed suit. Among these export partners, the United States is the only country outside Europe that is trading relatively well with Spain.
Topping the list of Spain's major exports is petroleum products. Spain is known to have an adequate amount of petroleum deposits such that Spain can afford to share these to other countries. The other major exports of Spain include antiques, stamps, artwork, vegetables, industrial machines, medicinal items, generators, transformers, transformer accessories, wall tiles, floor tiles, and wine. Spain produces some of the best wines in the world. In fact, wine is one of the most popular exports of Spain. Spain's wines have probably reached all corners of the world already.
On the other hand, in order to supplement the needs of Spain, Spain has to import some products from other countries. Importing these products does not necessarily mean in absence of, but rather insufficiency. The major imports to Spain include medicinal equipment, pharmaceutical productions, civilian aircraft and parts, fuel oil, industrial engines, telecommunications equipment, organic chemicals, and food stuffs.
Although Spain is predicted to experience economic recession after 2009, Spain still continues thriving and aims to maintain quality trading with other countries worldwide.
How To Find A Business Loan In Hawaii
The Hawaiian government has put in place many schemes and programs for those who wish to get a business loan in Hawaii. From state funding to grants and private aid, there is no dearth of sources from which you can get a business loan.
This article discusses some of the ways to get a business loan in Hawaii.
Source of Loans in Hawaii:
From banks to grants and credit insurance, you will find many sources of business loans in Hawaii. Some of them are discussed below.
1) Small Business Loan Providers
There are significant number of small business loan providers and banks available in Hawaii.
2) Guarantees
Guarantees reduce payment risks and encourage private lenders to offer loans to entrepreneurs.
3) Export Import Bank
The Export Import Bank has been set up by the US Government to finance businesses. It offers loans to entrepreneurs when the risk may be too high for private lenders.
4) Small Business Administration
The Small Business Administration (SBA) of US was created with the aim of providing guidance and financial aid to small businesses. In Hawaii, the SBA office is located in the Prince Jonah Kuhio Kalanianaole Building on Moana Boulevard in Honolulu.
5) OHA Business Loans
Native Hawaiian small business owners can approach the OHA for either the Native Hawaiian Revolving Loan Fund or the Export Import Bank funds. The former aims to encourage the growth of businesses owned by native Hawaiians.
6) Overseas Immigrants Investing Programs
This program allows non-US citizens to get a Green Card by investing in any American company. This helps small businesses in even remote areas to get financial support.
7) Hawaiian Strategic Development Corporation (HSDC)
The HSDC is working towards the development of venture capital businesses in Hawaii. The organization puts technological innovations to commercial use, and is concerned with providing employment opportunities to Hawaiians.
8) Small Business Grants
The Small Business Innovations Research program rewards useful innovations of small businesses by providing those grants. The innovations can be in fields as diverse as energy, defense, education, commerce, health and science.
9) Export Credit Insurance
Organizations like Export Import Bank offer credit insurance to entrepreneurs, and this includes small business insurance policy.
The Hawaiian government is trying to encourage entrepreneurship and establish a venture capital industry in the area. If you are a small business owner, or want to set up a small business in Hawaii, then there is no time like the present. Finance and loan options are many, and interest rates are low.
This article discusses some of the ways to get a business loan in Hawaii.
Source of Loans in Hawaii:
From banks to grants and credit insurance, you will find many sources of business loans in Hawaii. Some of them are discussed below.
1) Small Business Loan Providers
There are significant number of small business loan providers and banks available in Hawaii.
2) Guarantees
Guarantees reduce payment risks and encourage private lenders to offer loans to entrepreneurs.
3) Export Import Bank
The Export Import Bank has been set up by the US Government to finance businesses. It offers loans to entrepreneurs when the risk may be too high for private lenders.
4) Small Business Administration
The Small Business Administration (SBA) of US was created with the aim of providing guidance and financial aid to small businesses. In Hawaii, the SBA office is located in the Prince Jonah Kuhio Kalanianaole Building on Moana Boulevard in Honolulu.
5) OHA Business Loans
Native Hawaiian small business owners can approach the OHA for either the Native Hawaiian Revolving Loan Fund or the Export Import Bank funds. The former aims to encourage the growth of businesses owned by native Hawaiians.
6) Overseas Immigrants Investing Programs
This program allows non-US citizens to get a Green Card by investing in any American company. This helps small businesses in even remote areas to get financial support.
7) Hawaiian Strategic Development Corporation (HSDC)
The HSDC is working towards the development of venture capital businesses in Hawaii. The organization puts technological innovations to commercial use, and is concerned with providing employment opportunities to Hawaiians.
8) Small Business Grants
The Small Business Innovations Research program rewards useful innovations of small businesses by providing those grants. The innovations can be in fields as diverse as energy, defense, education, commerce, health and science.
9) Export Credit Insurance
Organizations like Export Import Bank offer credit insurance to entrepreneurs, and this includes small business insurance policy.
The Hawaiian government is trying to encourage entrepreneurship and establish a venture capital industry in the area. If you are a small business owner, or want to set up a small business in Hawaii, then there is no time like the present. Finance and loan options are many, and interest rates are low.
A Guide to Importing and Exporting to and From South Korea
South Korea has a straightforward process when it comes to importing goods into the country. The start of the process is the conclusion of a contract, and the culmination is the import payments. The import payments encompass a large number of activities, including the conclusion of import contracts, establishing import permission, clearance of customs regulations, and actual payment. There are other steps that are usually optional, on which the nature of the actual goods and the kind of transaction that was carried out has a direct consequence.
Imported goods must enter through one of the established channels: the ports of entry. The duties that are then calculated by the customs officials need to be disbursed, and the delivery is then carried out. There are occasions when the item that needs to be imported is deemed to be an import restricted item, at this time the import authorization is strictly required. As per the Mitt's Export and Import Notice, the restricted item must have an import recommendation, which can be obtained from a competent authority or association. The organization must be in accordance with the regulations of import announcements and must conform to the special notice outlined by the Ministry of Trade and Industry. However, freely importable items do not need any recommendation.
An import license is mandatory in South Korea, and can be obtained from the Ministry of Trade and Industry. It is also possible to appoint the president of a foreign bank as a delegate, who can issue import licenses. This is applicable except in the case of counter-trade.
South Korean foreign trade is subject to a great deal of legislation. One of these is the External Trade Act, which specifies the procedure for the export and import of goods. There is also the Foreign Exchange Management Act which related to foreign exchange matters, including matters such as the settlement of export or import payments. And lastly there is the Customs act, which deals mainly with customs clearance, among other things.
The External Trade Act has been applied from July 1, 1987, and has precedence over three other laws:
- The Export Union Act of 1961, the Trade Transaction Act of 1967, and the Plant Export Promotion Act of 1978.
- The Foreign Exchange Control Act (FECA) is set of regulations for foreign exchange transactions.
It also covers the exchange rate system, among other things, like transactions of foreign exchange, concentration of foreign exchange, payment and receipt of foreign exchange.
Imported goods must enter through one of the established channels: the ports of entry. The duties that are then calculated by the customs officials need to be disbursed, and the delivery is then carried out. There are occasions when the item that needs to be imported is deemed to be an import restricted item, at this time the import authorization is strictly required. As per the Mitt's Export and Import Notice, the restricted item must have an import recommendation, which can be obtained from a competent authority or association. The organization must be in accordance with the regulations of import announcements and must conform to the special notice outlined by the Ministry of Trade and Industry. However, freely importable items do not need any recommendation.
An import license is mandatory in South Korea, and can be obtained from the Ministry of Trade and Industry. It is also possible to appoint the president of a foreign bank as a delegate, who can issue import licenses. This is applicable except in the case of counter-trade.
South Korean foreign trade is subject to a great deal of legislation. One of these is the External Trade Act, which specifies the procedure for the export and import of goods. There is also the Foreign Exchange Management Act which related to foreign exchange matters, including matters such as the settlement of export or import payments. And lastly there is the Customs act, which deals mainly with customs clearance, among other things.
The External Trade Act has been applied from July 1, 1987, and has precedence over three other laws:
- The Export Union Act of 1961, the Trade Transaction Act of 1967, and the Plant Export Promotion Act of 1978.
- The Foreign Exchange Control Act (FECA) is set of regulations for foreign exchange transactions.
It also covers the exchange rate system, among other things, like transactions of foreign exchange, concentration of foreign exchange, payment and receipt of foreign exchange.
Using an Export Import Directory to Increase Profits For Your Business
Many businesses have profited from the use of online import/export directories. Making your website a part of one of these is a good idea for numerous reasons, including the fact that it gives you the potential to increase profitability. Companies that are just starting out can especially benefit from these. By signing up on an international trade directory, you will have access to links which can offer you business opportunities with a number of large countries such as Germany, India, Japan, Brazil, and many more. Signing up on a directory like this is easy and doesn't take much time at all. You will be required to enter some basic information to start off, such as your website's URL, email, and the category which best describes what your business deals in, such as agriculture, fashion, computer hardware, etc.
It is crucial that you select the appropriate category, as there are many sub-categories to choose from. By taking the time to do this, you will dramatically increase your company's potential to make money and expand into other countries. Both larger and smaller businesses will want to consider this as a chance to get more recognition overseas and create international recognition for the products they are selling. Typically you will be able to choose from regular and premium links, depending on what you want specifically. Selecting the premium option will obviously be more expensive than the regular, however it is up to you which you choose. Keep in mind though that your decision will ultimately effect how much you get out of the directory.
With so many international import export trade options, it's really no wonder that so many companies are choosing to expand their options in terms of geographical location. By going through some of the different reviews and testimonials for these type of online trade directories, you will be able to get the reassurance you have been looking for as to whether or not it can really help a business. Most people write positively about their experience submitting a business website to a directory like this. Before making a final decision as to whether or not that is what you want to do, you'll need to read what other people like you have written.
Being on an export/import directory can help to boost the popularity and success of your business, and it has in fact worked for many people in the past. With so many different countries to choose from, the possibilities are almost endless. Reaching a wider market these days can sometimes be a challenge, however with the help of a directory that exposes your website to many different countries at once, you can save both time and money, getting your business up and running quickly and effectively.
It is crucial that you select the appropriate category, as there are many sub-categories to choose from. By taking the time to do this, you will dramatically increase your company's potential to make money and expand into other countries. Both larger and smaller businesses will want to consider this as a chance to get more recognition overseas and create international recognition for the products they are selling. Typically you will be able to choose from regular and premium links, depending on what you want specifically. Selecting the premium option will obviously be more expensive than the regular, however it is up to you which you choose. Keep in mind though that your decision will ultimately effect how much you get out of the directory.
With so many international import export trade options, it's really no wonder that so many companies are choosing to expand their options in terms of geographical location. By going through some of the different reviews and testimonials for these type of online trade directories, you will be able to get the reassurance you have been looking for as to whether or not it can really help a business. Most people write positively about their experience submitting a business website to a directory like this. Before making a final decision as to whether or not that is what you want to do, you'll need to read what other people like you have written.
Being on an export/import directory can help to boost the popularity and success of your business, and it has in fact worked for many people in the past. With so many different countries to choose from, the possibilities are almost endless. Reaching a wider market these days can sometimes be a challenge, however with the help of a directory that exposes your website to many different countries at once, you can save both time and money, getting your business up and running quickly and effectively.
Benefits of an Export Import Directory
There are many benefits to joining an export/import directory online. You will be able to have access to many different countries which you can do business with. Most of the time you will find these online directories are cheap and give you the opportunity to links that will allow you to start importing/exporting internationally. More and more companies are deciding to do this, as it has become much easier with all of these kind of directories online. It also saves time, so you won't have to submit to individual countries one at a time. You will simply be able to sign up and get the process started. If you are interested in doing businesses with countries such as Canada, India, Germany, and France, then you will certainly want to take a closer look at some of these directories on the internet.
For any company that is just starting to develop, using a directory such as this can be a great idea. Whether your business specializes in jewelry or plastic parts, you can find your niche in countries around the world. It is one of the most convenient and efficient ways for you to start helping your business along. Any company that is need of profit immediately will want to consider all of the benefits that an online directory for international importing and exporting can bring.
Endorsing the products your business produces effectively means reaching as wide of a consumer group as possible, meaning you have to go international to be truly successful. This is why so many other companies have decided do the same exact thing. One of the best ways of helping your business to go global is submitting to these directories, where you will have access to numerous countries. No matter what you are selling, you'll be able to find the kind of success you are looking for here.
When you are going to submit your website to one of these directories, there are a few pieces of information you must have ready. The first is the category you want, which is essentially the products you are selling. When you are filling it out, make sure to choose as accurately as possible, as it will decide how effective this directory is for your business. Other basic pieces of information such as your name, website URL, and e-mail address will be requires. You will also be able to find many of these directories online that offer a trial period, so if you discover it isn't right for you, there is no loss of capital. This could end up being one of the smartest decisions you ever make for your business, so it is important to choose a directory that can give you the type of resources you need.
For any company that is just starting to develop, using a directory such as this can be a great idea. Whether your business specializes in jewelry or plastic parts, you can find your niche in countries around the world. It is one of the most convenient and efficient ways for you to start helping your business along. Any company that is need of profit immediately will want to consider all of the benefits that an online directory for international importing and exporting can bring.
Endorsing the products your business produces effectively means reaching as wide of a consumer group as possible, meaning you have to go international to be truly successful. This is why so many other companies have decided do the same exact thing. One of the best ways of helping your business to go global is submitting to these directories, where you will have access to numerous countries. No matter what you are selling, you'll be able to find the kind of success you are looking for here.
When you are going to submit your website to one of these directories, there are a few pieces of information you must have ready. The first is the category you want, which is essentially the products you are selling. When you are filling it out, make sure to choose as accurately as possible, as it will decide how effective this directory is for your business. Other basic pieces of information such as your name, website URL, and e-mail address will be requires. You will also be able to find many of these directories online that offer a trial period, so if you discover it isn't right for you, there is no loss of capital. This could end up being one of the smartest decisions you ever make for your business, so it is important to choose a directory that can give you the type of resources you need.
Wholesale Jewelry Business - One of the Biggest Export and Import Businesses
Wholesale jewelers provide an extensive range of designs and unique blend of styles to the customers. The widespread range of fashion jewelry holds a long life beauty and is ideal to complement one's outfit. A young lady studded in attractive jewelry provides glamorous look to the party or function she appears. Wholesale jewelry dealers provide the latest designs and costumes to the clients at affordable prices at their end.
Dealers around the world focus on timely delivery of the best jewelry at the competitive cheapest possible rate with most favorable customer satisfaction to attract the customer in cut throat competitive market. The optimum service ensures a regular business relationship between the retailer and the wholesale fashion jewelry dealer. The companies try their best to display the products they offer in beautiful boxes and mention the discounts they are giving in the season to attract the clients.
One can easily find a jewelry shop decorated beautifully to attract the customers. In the business of the wholesale jewelry everything that glitters is gold. Hence it becomes extremely important for the client to check the jewelry properly before buying it. One must look for a well accomplished and well known dealer to buy the accessories. It is good to buy the products from a dealer who guarantees to replace or return the product if the client does not like it. Although most of the dealers are providing this facility to the customer. One should also look for the rates of the gold, diamond and silver as the rates go on increasing and decreasing with time. If you are not familiar with the rates one can take the opinion of the other expert people in this field.
Client can specify the stone, pearl and other jewel used in the custom jewelry to ensure complete customer satisfaction. Most of the wholesale fashion jewelry dealers these days are making ornaments by keeping the global spectrum in mind. As the shipping of the products to every corner of the world is possible, now clients all around the world can make orders to any foreign company as well. The accessory will be shipped to the billing address within days. The experienced dealers know that clients are swayed by price factor hence provide a range of products for every section of people. There is something in offering for people of all age groups.
To meet the diverse requirements and tastes of the clients, companies showcase both modern day and traditional designs in their collection. Almost all the wholesale jewelry dealers are equipped with every possible stuff like various types of earrings, anklets, toe-rings, necklaces, chains, traditional nose rings, brooches and fancy pins, pebble jewelry, stone jewelry, pave, birth stone and bangles with a variety of designs. The wrist watches in different designs are very popular among the young ladies.
In the highly competitive market every dealer company treats the customer with prestige and knows the value of providing the best possible customer satisfaction to the client. The dealers provide authority to the clients to replace or return the product if customer does not like it. One has to make the order within 3-4 days after the buying date. The verified payable methods are encouraged by the companies to make online payments for the sake of safety.
Dealers around the world focus on timely delivery of the best jewelry at the competitive cheapest possible rate with most favorable customer satisfaction to attract the customer in cut throat competitive market. The optimum service ensures a regular business relationship between the retailer and the wholesale fashion jewelry dealer. The companies try their best to display the products they offer in beautiful boxes and mention the discounts they are giving in the season to attract the clients.
One can easily find a jewelry shop decorated beautifully to attract the customers. In the business of the wholesale jewelry everything that glitters is gold. Hence it becomes extremely important for the client to check the jewelry properly before buying it. One must look for a well accomplished and well known dealer to buy the accessories. It is good to buy the products from a dealer who guarantees to replace or return the product if the client does not like it. Although most of the dealers are providing this facility to the customer. One should also look for the rates of the gold, diamond and silver as the rates go on increasing and decreasing with time. If you are not familiar with the rates one can take the opinion of the other expert people in this field.
Client can specify the stone, pearl and other jewel used in the custom jewelry to ensure complete customer satisfaction. Most of the wholesale fashion jewelry dealers these days are making ornaments by keeping the global spectrum in mind. As the shipping of the products to every corner of the world is possible, now clients all around the world can make orders to any foreign company as well. The accessory will be shipped to the billing address within days. The experienced dealers know that clients are swayed by price factor hence provide a range of products for every section of people. There is something in offering for people of all age groups.
To meet the diverse requirements and tastes of the clients, companies showcase both modern day and traditional designs in their collection. Almost all the wholesale jewelry dealers are equipped with every possible stuff like various types of earrings, anklets, toe-rings, necklaces, chains, traditional nose rings, brooches and fancy pins, pebble jewelry, stone jewelry, pave, birth stone and bangles with a variety of designs. The wrist watches in different designs are very popular among the young ladies.
In the highly competitive market every dealer company treats the customer with prestige and knows the value of providing the best possible customer satisfaction to the client. The dealers provide authority to the clients to replace or return the product if customer does not like it. One has to make the order within 3-4 days after the buying date. The verified payable methods are encouraged by the companies to make online payments for the sake of safety.
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