Making Contacts with China Factories
The most important step in setting up your business is finding the contacts. You may have relatives in a foreign country; you may have frequently visited and established business relationships in a country. Or, you might just have a feeling for what will sell where. A person who keeps well-informed in the business world can pick up and ride the crest of worldwide trends.
Foreign consulates located in the United States have commercial attaches who want to establish outlets in the U.S., and they’re a good place to start. Sometimes these consulates can help you find indices of their own import/ export enterprises.
The United States embassies abroad are another place to find contacts for commercial distribution. They can help you find out about a company’s solvency and reputation.
Another way to establish contacts is through the Chambers of Commerce of every city you are aiming for. Start small – don’t tackle the world. Where do you want to sell the American goods you might have in mind? Which countries have the merchandise you want to import?
Find out about the countries, what they have to offer, and what is generally in demand. Then prepare a massive mail campaign. The easiest way to do this is to use a service it is worth the money because it will save you so much time.
Write a letter to every possible contact introducing your company, requesting the names and addresses of appropriate firms to contact. Ask to have the notice published in the monthly bulletin or posted in an appropriate place.
From the names you get back, write another letter, again introducing yourself, and asking information about their company. You can use a questionnaire, which they fill out and invites a response.
Get in contact with the company in China
What goods do they want to import? What products are now imported and how are they distributed? Does the company have a certain territory, does it have sales representatives, branches in other cities? What are the basic details of operation – history, assets and liabilities, plans for growth?
Request any information you need, to find out what they will buy and what they have to sell. If the company is a manufacturer, ask for samples or a catalog, the facts and figures of current foreign distribution, and the product demand in their own country.
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28 Comments
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If you can borrow money and invest it, and get a greater return on your investments than the interest on the loan, then your portfolio will grow.
Also, if you can borrow money to buy an asset, and get a return (financial, functional, pleasurable) on the asset that exceeds the cost of the loan, then you are better off.
When you are buying a house, you are buying something big and expensive. When you work, you get paid a little bit every week. But if you stay in the house 20 years, that little bit every week adds up to more than the value of the house. So the mortgage loan allows you to spread the cost out over time and match it to your income.
Keith Ferrazzi is the REAL DEAL!!!
Chamber of commerce is a group of local business owners. They get together and chit chat about the businesses an dget to know each others to get and give business.
Great I can’t wait until the next video, I have some questions, Mr. Freedman. Please help.
I have to know 1st, where are you from?
You want to import or export only or both, make me clear.
I am interested to do such besiness,
If possible , we can talk further
If you are interested then mail
I will be glad to receive a response from you .
thanks and have a nice day
yo u got that chopDj man
Import License (if applicable) Quotas : none. Import/Export Inspection. selective items … importation, quota and licenses. Labels : required. Country of Origin …
Filename : appendixG.pdf
Fullpath : /dti/downloads/appendixG.pdf
Publisher : tradelinephil.dti.gov.ph
Found at Friday, 20 Aug 2010 GMT
Further searches : dti downloads appendixg pdf or appendix g specific import requirements or site:dti.gov.ph
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We use multiple firefox profiles at home. When I install Chrome, I confirm that it can import everything from Firefox, but it always imports my wife’s profile (all her bookmarks, not mine).
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A chamber of commerce is a group that promotes businesses and is a networking resource. If it is a city chamber of commerce they also promote the city to attract people to it.
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