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A.
Dear Fiaza,
As in any kind of business, research, research and more research is
necessary to get the business go to the right direction. Have you studied
what kind of cosmetiques, what kind of lingeries or baby products will you
get involved with? Do you have reliable suppliers ready to serve your
requirements just in case you are able to book orders? Have you checked
where or what country would you start offering these products? Do you have
reliable contacts in those countries or do you have prospects whom you can
contact directly?
These are only a few of the first things you must do. Find suppliers who
are willing to work with you, then look for buyers or vice versa.
I suggest that you make a business plan to serve as your own guide as to
the things you want to do. The plan can set you up properly and you can
operate the business according to your plan. Trading is not easy for
beginners. If you are not familiar with the operation, you will be wasting
so much time and money.
Frankly, the products that you are thinking to work with are products
that I tried to avoid dealing with during my trading days. There are so many
items to attend to, like sizes, quality, quantity, etc.,per category.
Quality control is very tedious for the trader to keep watch during the
fulfillment process. And very often, there are discrepancies in quantities
or qualities shipped that buyers can complain about.
You will need a supply of catalogues or brochures of each item you want
to trade. If your buyers will require samples, you will need to send so many
different items. As a new trading company, most buyers will require
catalogues and samples of your products and you will have to send them these
notwithstanding the fact that many of them will not make an order. You can
discuss these with your suppliers if they are willing to provide you with
catalogues and samples.
However, these are my own observations. Many traders have the forte to
deal in things like these and you may be one of them.
As far as joining trade associations is concerned, it is advisable. Try
to join associations of manufacturers or traders of the items you want to
work with. They can give you a better outlook of how to conduct your own
trading activity as you go on. You might find suppliers and traders who may
be willing to work with you. Business relationships can be developed in such
associations.
Let's proceed slowly. Do the first steps, then let me know how it goes.
There will be a lot more questions as you go on.
Good luck!
About
the PowerHomeBiz.com Guide:
Nach Maravilla is
the Publisher of Power Homebiz Guides. He has over thirty years
experience in sales and marketing of various products, which
covered as he jokingly describes, "from toothpicks to
airplanes" He also had extensive experience in
International trading and he always excelled in special promotional
ideas for retail outlets.