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2006-06-24 16:53:10 · 3 answers · asked by soon 2b millionaire 1 in Business & Finance Small Business

3 answers

Nowadays, most suppliers want either a wire transfer or a letter of credit from a bank in order to do business with you.

I would consult with your Small Business Development Center at your local college to find out about getting an SBA guaranteed loan.

2006-06-24 22:08:30 · answer #1 · answered by Michael W 3 · 0 1

Most exporters will demand a minimum order quantitiy. This becomes expensive quickly as they will be looking for a purchase order that is at least one thousand dollars. However, there are ways to begin working with little capital.
Build your customer base by working with importers/wholesalers that are buying in bulk. This will allow you to begin generating revenue and developing relationships with your customers. When your sales volume is high enough to meet the minimum order quantities you can begin ordering directly.

Best of luck,

E.D.

2006-06-25 10:32:24 · answer #2 · answered by TradeConsult 4 · 0 0

I sat down with a successful importer from China today, and got a lesson on the business. (Really) The points:

Find the sources with unique value
Generate demand for the product
Purchase the product on the supplier's credit
Develop regular relationships (dependable purchases) with the suppliers whose product moves

Good luck

2006-06-25 00:00:43 · answer #3 · answered by Geni100 3 · 0 0

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