how to make money exporting from china with little or no money?
Small Business - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
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
2 :
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.
3 :
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.
