subject: 7 Crucial factors to international wholesale buyers [print this page] 7 Crucial factors to international wholesale buyers
As the ongoing online business becomes more and more popular all over the world, shopping on the net has already turned to be a habit of daily people's life, for it saves time as well as money. You can view tens of thousands product just sitting at the front of your screen and compare which is your favourite one without moving one step. Also there is no house renting charge for these online stores, thus they sell at a lower price.
Have you ever think about a way to integrate the abundant buying resources? That is do import business and resell in your local market, this could be very profitable. Before kicking off your luxury travel on success of your business, the following factors must be paid enough attention to.
1. Import regulations and rules about local government
No matter what kind of product will you intend to sell, it is quite good to learn local regulations and rules about import business, it will do much benefit for your future work. It is a good way to avoid goes against local laws when dealing with import business.
2. Research local market buying needs
In China, there is a saying that the only way to win is to know your customer thoroughly. Local research is a necessary job to the success of your business.
3. Background knowledge about targeted products
The more you learn the property of your product, the less risk you will under involving import business process or local market selling.
4. Sound negotiation skills
International business always refers to negotiation with different person from different countries. Sound negotiation skills will win quality product with challenge price.
5. Ability to handle emergency
In case of emergency happened during any transaction, quick and effective measures and decisions will help you deduce the loss to the minimum amount.
6. Manage the whole project
As a business runner, you should keep a concept in the whole project. Once notice that some parts of your project has broken down, fix it at the first time to prevent potential trouble.
7. Good local connection resources
Local resources will do you great favor in spreading your product to every corner of the local market as long as there exists buying requirement
