Entries Tagged as ''

Our favorite lawyer answers your international sourcing questions

Book coverReprinted with permission of Cliff Ennico, author of, “The eBay Seller’s Tax and Legal Answer Book”

FINDING ROMANCE — AND INVENTORY — IN THE FAR EAST

By Cliff Ennico

            “I’m an eBay PowerSeller, and would love to be able to order products directly from the overseas manufacturers, especially in China, to sell on eBay, but I’m afraid I don’t have the skills to handle the negotiations myself.  Is there any place that can help me make contact with manufacturers AND help put the deals together?”

If you are new to importing, and don’t have any import experience, your best resource for sourcing product from China or elsewhere in Asia is Worldwide Brands, Inc, based in Orlando, Florida (www.worldwidebrands.com).  Worldwide Brands offers you the ability through their OneSource™ database to purchase through direct import buyers.  These are companies who set up warehouses within the United States to have the product imported from manufacturers in countries such as China.  These companies handle all the importing arrangements and you purchase directly from the distributor within the United States.  This way you don’t have to be concerned about handling the import logistics or the manufacturer negotiations. 

According to Peter Zapf, Vice President of Community Development for Global Sources (www.globalsources.com), eBay sellers looking to source product directly from Asia should consider three services:

(a) Global Sources Direct (GlobalSourcesDirect.com):  This is an online wholesale site offering product directly from China.  That is, you go to the site, select the products you want, put them in your shopping cart, and they are shipped to you via air courier from China so you receive them within ten days.  Minimum order quantity is relatively small at one carton.  Global Sources Direct is also listed in the WorldWideBrands directory.  According to Zapf, it’s the easiest way to access China manufactured products because you don’t deal with suppliers, quality control or logistics.  Global Sources Direct handles all that for you.

(b) Global Sources (www.GlobalSources.com): This website provides a directory of suppliers.  Verified suppliers have been physically visited three times or more by Global Sources.  You can search for products and suppliers and also work with them directly.  The verified suppliers list hundreds of thousands of products in a wide range of categories.  Examples of just some of the products are digital photo frames, ATVs, hand bags and vacuum cleaners.  According to Zapf, this site is great for folks that either have experience or want to build experience with the import process.  Similar to their U.S. counterparts, Chinese manufacturers have varying minimum order quantity requirements, and you will need to contact suppliers to check on their minimum order quantities. 

(c) China Sourcing Fairs (www.ChinaSourcingFairs.com):  Hosted by Global Sources, these trade shows have thousands of Chinese suppliers exhibiting their products.  Everyone from big box retailers down to eBay PowerSellers attend these shows in order to find and meet suppliers.  The biggest shows are in Hong Kong and include consumer electronics, fashion accessories, underwear and swimwear, and household products.  All you need to do is get on a plane and show up.  There is no entry fee.  According to Zapf, this is a great opportunity to network with other international buyers.  In addition, Global Sources also hosts a “Buying From China: What New Buyers Need to Know” seminar at the show.   So if you are new to importing, you can learn about buying from China and also meet thousands of suppliers.  Hey, it’s deductible!

Many eBay sellers buy in small volumes (100 pieces or less).  For these volumes, Zapf advises that eBay sellers may want to consider working with trading companies rather than buying direct from China.  The advantage of a trading company is that it can act as an intermediary on your behalf and can often handle smaller minimum order quantities.  However, Zapf points out, since it hasn’t actually manufactured the product, there is a longer chain to go through when getting information about the products. 

Many eBayers ask about purchasing products from China with Western trademarks or brands.  The owners of these trademarks and brands control their distribution channels closely and don’t try to create pricing structures that support cross border grey-market sales.  As a result, a fair number of the opportunities you see to purchase such products are, in fact, offering counterfeit products.  Selling these will almost certainly get you kicked off of eBay, as well as sued by the manufacturers of these products if they can prove you knowingly imported counterfeit or knockoff goods.

To avoid liability, Zapf says you can ask the seller for proof that they are an authorized distributor, and you can check with the brand owner whether the seller is an authorized distributor.  Better yet, avoid Western branded products altogether:  “When looking to buy from China, you should be looking for a new and innovative product, a well-priced unbranded product, or a product you can have manufactured in China and put your own brand name on it,” Zapf advises.  Trust me, there’s plenty of stuff to choose from.  

            Cliff Ennico (cennico@legalcareer.com ) is a syndicated columnist, author and host of the PBS television series ‘Money Hunt’.  His latest books are ‘Small Business Survival Guide’ (Adams Media, $12.95) and ‘The eBay Seller’s Tax and Legal Answer Book’ (AMACOM, $19.95).  This column is no substitute for legal, tax or financial advice, which can be furnished only by a qualified professional licensed in your state.  To find out more about Cliff Ennico and other Creators Syndicate writers and cartoonists, visit our Web page at www.creators.com.  COPYRIGHT 2007 CLIFFORD R. ENNICO.  DISTRIBUTED BY CREATORS SYNDICATE, INC.

 

eBay PowerSeller A Fortunate Dog Shares Success Tips

AFD logo

Well loved and well groomed

Award Winning eBay Store owner Karla Addington-Smith showed us today what makes A Fortunate Dog such a success.

What a wonderful interview full of tips and truths and tales (and tails!).

 

She shared:

  • how she transitioned from the ‘real world’ to eBay
  • how to she increased her retention rates by 10%
  • her time management success tips
  • how to deal with negative feedback
  • steps to take to have an award-winning Store
  • what you need to ask a Store Designer
  • her favorite eBay tools
  • her brilliant way of using subtitles
  • the customer service tips that make her successful
  • marketing tips for winning the Best in Stores award

 

Websites she mentioned:

A Fortunate Dog

Register for an eBay Store

eBay Stores Success Video

PixClinic

MarketWorks

ShipWorks

PeriodPaper

GrapevineHill

FrenchyBee

Beachcombers Bazaar

 

 

 

to listen to this podcast click here

eBay PowerSeller Mark Fitzgerald of GrapevineHill shares his success

Mfitz3Mark Fitzgerald, Managing Partner of Grapevinehill was on the show today sharing his success tips.  This man is a true genius, and we were very honored to have him on the show…Award-winning eBay store, successful online e-commerce business, written up in more magazines and newspapers than I can read – WOW!

GrapevineHill is one of the most successful eBay businesses as well as having an amazing, wide-spread online e-commerce presence.  In 2005, Grapevine Hill shipped nearly a quarter of a million pairs of shoes – I can’t imagine how many they have now shipped since I found out about them – LOL!

Mark shared:

  • His growth strategies for success
  • one of his first big breaks was agreeing to something – yet he had no idea what the person was talking about
  • why asking ‘do you know who is selling your product on eBay?’ landed him one of his best sources
  • how to focus on solutions, not the issues/problems
  • what steps they took to grow to the size they are in just 5 years
  • some very wise advice for all eBayers looking to succeed

Website he mentioned:

GrapevineHill eBay Store

Register for an eBay Store

Terapeak (30 day free trial)

Hammertap

Channel Advisor

Business American Express

Reviews and Guides

 

 

to listen to this podcast click here

Mr. Customer Service shares his eBay HomeRun Stories

 Mr.customerservice eBay Store Have you ever wondered about those amazing eBay auctions where the seller bought something for $1 and sold it for $300!!  Today, Tim Chapman, Mr. Customer Service himself, shared his great eBay tales with us.  These included:

  • His secret tips on what to look for in books, knives, bibles, writing pens, mechanical pencils, art, baseball bats and outdoor equipment
  • the stories of the $40 trophy that went for $750
  • why a $5 book sold for $900
  • how to utilize the ‘have/have not’ law
  • his strategy for different pricing models
  • how he bought a $7 TWO-legged tri-pod and sold it for $112
  • what part of ‘other people’s eBay ads’ he pays attention to
  • how he finds their eBay User ID to locate his friendly competition
  • what rule he used to make a $10 broken telescope sell for $200

Websites he mentioned:

The Best “Summer Beach Reading” For Entrepreneurs - Cliff Ennico

Book cover

      Used by permission from Cliff Ennico, author of “The eBay Seller’s Tax and Legal Answer Book”.

 

      “I’m a big fan of your column, but I do have one question.  I notice that you don’t do ‘book reviews’ very often.  I’m looking for some good ‘summer beach reading’, and would love to hear a list of your favorite business books.”

            While I refer to business books often in my columns, I don’t generally do “book reviews” as such, for two reasons.

            First, there are so many new business books coming about that nobody can keep track of them all.  Once I start reviewing some of these, I will have to start reviewing all of them, and this will become a “book review” column to the exclusion of everything else.

            But more importantly, I don’t do business book reviews because I’ve found that the best books for entrepreneurs have little if anything to do with business per se.

            Let me explain . . . .

            When you’re starting out in your own business, your first and biggest challenge is to get customers or clients.  It’s the “biggest challenge” because in business you have absolutely no control over the customer and what they want.  You can be the greatest business genius since J. P. Morgan, but if you’re selling products and services no one wants to buy, you will find yourself in bankruptcy court along with all of the ignoramuses.

Getting customers and generating sales does not require a knowledge of business so much as it does an appreciation of human nature.   Virtually all of my most successful small business clients spend a lot of time and effort crawling inside their customers’ heads and learning what makes them tick.  Show me an entrepreneur that understands how the human mind works, and has a keen understanding of the forces shaping and changing American society and culture, and I will (almost always) show you a successful entrepreneur.

To understand your customers, and spot market opportunities before your competition does, I would strongly suggest you leave the “business” section of your bookstore behind and mosey on over to the “psychology” and “sociology” sections.  Very often, the best books for your business can be found there.

Here are some excellent “non-business” books that will help you build a successful business.  They are also fun to read.

“Amusing Ourselves to Death: Public Discourse in the Age of Show Business” by Neal Postman.  Anybody who wants to understand how American society works today needs to read every book written by Neal Postman.  Originally published in 1985 (before the Internet!), this groundbreaking book describes the corrosive effects of television on American society.  Postman’s theme is the decline of the printed word and the ascendancy of the “tube” with its tendency to present everything — murder, mayhem, politics, even weather — as entertainment.  

“Life, The Movie: How Entertainment Conquered Reality” by Neal Gabler.  A leading Hollywood historian and biographer of Walt Disney, Gabler takes Postman’s thesis a step further and argues that the omnipresence of media in our lives is causing us to lose our grip on reality.  Instead of confronting life as it is, Gabler argues, we develop and act out “scripts” as if we were acting in a movie or theatrical production.  Anyone who has ever waited in line at a Starbucks® will understand completely what Gabler is talking about.

“Rejuvenile” by Christopher Noxon.  A funny but sobering account of how Baby Boomers and Generation X’ers have cast aside traditional notions of “maturity” in favor of indulging their “inner children” well into middle age. 

“Bobos in Paradise: The New Upper Class and How They Got There” by David Brooks.  Observers of the Baby Boom generation have long noted two contradictory impulses – their ruthless drive to succeed in business and their adoption of the bohemian, “hippie” lifestyles and beliefs of the 1960’s and 1970’s counterculture.  Brooks’ book attempts to reconcile these two extremes by pointing out the ways in which Boomers are increasingly using capitalistic means to achieve socialistic ends. 

“The Paradox of Choice:  Why More is Less,” by Barry Schwartz.  A persuasive argument that human beings can only handle so many choices at a given time, and that a marketer’s challenge is to find the “optimum” number of options for customers, without attempting to customize products and services for every single individual on Earth. 

“I’m a Stranger Here Myself,” by Bill Bryson.  The dust jacket calls Bryson a “humorist,” which I don’t think is right, because he isn’t really funny (“droll” would be a better word).  But this collection of newspaper articles, written by an American who returned to the U.S. after a 20-year stint abroad, contains some very sharp and subtle perceptions about how America changed during the 1980’s and 1990’s. 

“Democracy in America,” by Alexis de Tocqueville.  Observations of America by non-Americans, intended for an overseas market, are always worth reading.  This is one of the oldest, and still the best.  If you didn’t read it in college, now’s the time – we may look a lot different than we did in de Tocqueville’s time, but we’re still basically the same people.  Or, as the French say, “the more things change, the more they remain the same.”

Happy reading, and happy end of summer.

            Cliff Ennico (cennico@legalcareer.com ) is a syndicated columnist, author and host of the PBS television series ‘Money Hunt’.  His latest books are ‘Small Business Survival Guide’ (Adams Media, $12.95) and ‘The eBay Seller’s Tax and Legal Answer Book’ (AMACOM, $19.95).  This column is no substitute for legal, tax or financial advice, which can be furnished only by a qualified professional licensed in your state.  To find out more about Cliff Ennico and other Creators Syndicate writers and cartoonists, visit our Web page at www.creators.com.  COPYRIGHT 2007 CLIFFORD R. ENNICO.  DISTRIBUTED BY CREATORS SYNDICATE, INC.

eBay PowerSellers Sunny Boutique share their Success Tips

SunnyBoutique

 

Chris & Vicki were fabulous today on our PowerSeller Success Interview.  They shared:

  • how they dealt with down-sizing
  • what their family said to them about selling on eBay
  • why they chose eBay over a Yahoo or Amazon Store
  • how becoming a PowerSeller helped increase their success
  • their rules for dealing with dropshippers
  • how they achieved their 50% international marketshare
  • why use language translation tools increased their business
  • all of the free marketing tools they incorporate

Websites they mentioned:

Sunny Boutique eBay Store - you can get the Turtle Rattle here too!

WorldWideBrands – sourcing

ProStores

The eBay Seller’s Tax & Legal Answer book

Tax Loopholes for eBay Sellers

International Information Website

Trade Show List

EZ Auction Photography

Light Boxes on eBay

 

to listen to this podcast click here

Did you know you could buy beer on eBay?

 But, would you pay over $100, $1000, $10,000 for beer ? Oh, I mean ale?  I love how they used the ‘start it low, let it go’ pricing strategy – a single $1.00 bid opened this auction!

Check out the latest surprise auction final price here:

www.janelleelms.com/ale

Lynn Dralle - Queen of eBay Auctions charms the OSI listeners

Lynn Dralle The Queen of Auctions

What a wonderful treat today to have on the show THE Lynn Dralle – Queen of Auctions for all things eBay.  Her amazing entrepreneurial story, dedication to her success, and fabulous outlook on the world charmed the OSI listeners.  They especially loved her antique and collectible tips.

Lynn shared:

  • Her techniques for finding products at Garage Sales (including those fabulous items you buy for $1 and they sell for $200!)
  • How she does inventory to keep everything straight
  • What her successes and walls have been (and more importantly how she overcame the hurdles)
  • Her success tips for selling on eBay

Websites she mentioned:

to listen to this podcast click here

Home Run Stories with Mr. Customer Service

  eBay Store On Tuesday, August 21, 2007, one of our favorite PowerSellers, Mr Customer Service, will be tantalizing us with more tales.  This will be a fun show!  Tim is sharing his Home Run stories with us and how they happened.  You know, when you buy something for a buck and it sells for $300 – those cool stories!  Register for this fun and information packed class at http://ask-the-entrepreneurs.com/  AND, share your Home Run stories under the ‘Leave a Comment’ section.

links for 2007-08-11

Get your Free Backstage Pass to Success at OSI Rock Stars

  • Over 60 hours of eBay Success educational content
  • Exclusive training with top eBay and online experts
  • Rock Stars Logo
  • Community interaction support
  • Live auction coaching
  • Click to become a Rock Star

OSI Success Newsletter
99% of eBay businesses are set up wrong - learn how to be that 1%

The eBay Stores e-course – "I Want To Be That 1%...5 Quick eBay Store Fixes". This e-course is delivered to your inbox automatically.
As a BONUS, you will receive a FREE subscription to the eBay Success Newsletter
Name Email